Macross8299

9 ms·

31.
by Macross8299 7y ago
>Cryptocurrency advocates saying, "we know what's best for you" is super troubling to me. How is this fundamentally different from an unelected monetary economist working at the IMF or Federal Reserve deciding they know w
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by Macross8299 7y ago
There's a number of people who make this claim, some of them leaning towards more credible [0], some hysterical [1]. [0]: https://www.nytimes.com/2018/06/13/technology/bitcoin-price-... [1]: https:
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by Macross8299 7y ago
>Anti-money laundering/sanctions/stopping terrorist financing efforts are generally a good thing that not ideal from an economic perspective. This is the same authoritarian reasoning behind things like China's capital cont
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by Macross8299 7y ago
>Why do you believe this has any relevance at all? People want to buy stuff, not exchange bill with serial number #abcxyz with stuff. Because it solves the double spend problem [0] associated with digital currency without use of a centra
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by Macross8299 7y ago
Some would argue that the levee system creates moral hazard by incentivizing development in dangerous areas. And the GI bill comparison is disingenuous because it's disgusting to compare the millennial English literature major whining
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by Macross8299 7y ago
Yeah, I'm so privileged that I took on debt to go to university for a difficult subject and had to work and make lifestyle sacrifices to pay it back rather than voting for someone to give me a free ride.
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by Macross8299 7y ago
Apples and oranges. Most of those things aren't fungible like money is. There's no moral hazard involved with someone receiving a new elective surgery. There's no opportunity cost to someone not receiving a non-existent vacci
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by Macross8299 7y ago
Well, the sentiment aside there's also the issue of the fact that you are subsidizing people that made less financially sound decisions and punishing those who made financially responsible decisions. What about the moral hazard? i.e. i
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by Macross8299 7y ago
>"I had it hard, so we shouldn't let these soft youngsters get off any easier." No, they are presumably angry because they are still paying for being responsible enough to pay off their debt in the form of opportunity cost
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by Macross8299 7y ago
Because the "eat the rich"-style taxes DO eventually effect Joe the Plumber if he owns a plumbing business. Look at the people in this very comment section advocating for 70% marginal rates for income above 1.5x the average income
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by Macross8299 7y ago
Ah, so billionaires want to pay, but only if their ego isn't sufficiently damaged by voluntarily reducing their stack. Because let's be honest, it's not like their living standards would be significantly damaged by paying a f
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by Macross8299 7y ago
The cynic in me says they are lobbying for more taxes on the upper middle class while knowing they can pay for accountants and loopholes on whatever taxes are imposed. If the ultrarich want to be taxed, they are free to make a donation to t
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by Macross8299 7y ago
>The volume of futures trading fell by 98% and the options trading market disappeared You have to wonder what the second-order effects of the options trading market disappearing (or being severely reduced in volume) would be. I know ther
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by Macross8299 7y ago
>Everyone should want to allow people to access education. Why?
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by Macross8299 7y ago
So the existence of financially irresponsible rich kids somehow disproves the idea that it's possible to pay back debt if you act financially responsible by running a sensible budget and cutting expenses?
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by Macross8299 7y ago
I dunno what sort of message this is supposed to send to people. "Fuck you if you were a big enough sucker to pay back your debts"?
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by Macross8299 7y ago
It is not surprising considering how similar Vancouver and Seattle are and considering that the Vancouver mayor openly brags about how low tech salaries are [0] [0]: https://nationalpost.com/news/canada/city-of-van
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by Macross8299 7y ago
>that the only recourse is for the landlord to turn to AirBnB to turn a profit. Just playing devil's advocate, but that assumes that the landlord didn't factor those things like eviction law into their decision of what type of
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by Macross8299 7y ago
>For example, you can charge them $100 to run third party background check, How do you prevent this from becoming a form of abusive rent-seeking? i.e. randomly removing a businesses' credentials and then charging them the cost of a
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by Macross8299 7y ago
> It's a hard problem to solve - there's money from 3rd parties to be made from spamming the maps. It's in Google's best interest to try and protect the end user from fakes. A cynic would say it is being treated as an
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by Macross8299 7y ago
>There is no such thing as private property This isn't true from the perspective of the legal system and isn't true from the natural law framework on which US common law is based.
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by Macross8299 7y ago
>In the meantime, it should be illegal to operate a social network So what about the countless number of people whose livelihoods depend on social media in some capacity? They're supposed to just be fine with being irrevocably fucke
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by Macross8299 7y ago
I think Wall Street Journal/FT are different though, people pay for those because it's a valuable curation of financial/economic news and presents political news through a financial/economics lens and not entirely throug
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by Macross8299 7y ago
Seems like a classic case of moral hazard here. I'm surprised cybersecurity insurance doesn't mandate best-practice auditable backups as part of the process to grant a policy.
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by Macross8299 7y ago
>because social mobility on this scale is extremely rare Rare only works as a qualifier when comparing it to some other probability of social mobility, either in an ideal or real system. The US has higher social mobility than most actual
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by Macross8299 7y ago
>In theory, the recourse is that the people can exert power over the banks by electing different politicians. Ah, but there's the rub. When every major political party is beholden to banking interests, "electing different polit
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by Macross8299 7y ago
>If you are diagnosed with cancer and that diagnosis is confirmed by a second doctor, do you need to demand access to your labs so you can review them personally "with a medical attitude"? When considering a medication that is
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by Macross8299 7y ago
Anti-vax stuff aside, the attitude of >Trust experts or die. is not a scientific attitude, it is borderline scientism and an appeal to authority. Remember when the tobacco industry paid medical experts such as ENT Doctors to endorse smok
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by Macross8299 7y ago
Hate to be "that guy", but public blockchain technologies are another strong tool that people have for resisting censorship [0]. It's much, much harder to nullroute blockchain traffic as opposed to nullrouting a website with
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by Macross8299 7y ago
>Do they get it wrong? Yes, occasionally. Not frequently. Occasionally. But that also, is science. The FDA follows rigorous statistical procedures, but even p<0.05 (or <0.001) still means false positives can happen. The issue is th

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