david927

43 ms·

571.
by david927 5y ago
But this is wrong. The point of this essay is saying the opposite is true: A decent IQ gives you the chance to have a change of perspective. IQ is the artistic equivalent of "how well can you draw a line?" You need a good foundat
572.
by david927 5y ago
I always thought of IQ tests as the artistic equivalent of "how well can you draw a line?" You need a good foundation for artistic expression but many, many people have that and still don't create art worth remembering. Inte
573.
by david927 5y ago
His Twitter handle is Cassandra and it’s really appropriate: he’s stuck between wanting to warn people and the backlash of being the party pooper to the all-time-high party.
574.
by david927 5y ago
What he said: not so fast if you start it 200,000 years ago when our first ancestors had the brains to figure it out. What I said: what Newton formulated was not “things fall down”. And you’re taking the time to correct.. me?
575.
by david927 5y ago
> Our ancestors 200,000 years ago when our first ancestors had the brains to figure it out. Newton had to invent calculus to make the proof. You're not simplifying anything; you just got confused. And that's ok, honestly. T
576.
by david927 5y ago
You know that Newton didn't "discover gravity," right? He discovered how it explained planetary motion. And it's not fair to start the clock before we got the heliocentric theory (although Aristarchus of Samos gets an h
577.
by david927 5y ago
> Imagine that nobody figured out the truth about gravity until Newton. It was only one hundred or so years between Copernicus and Newton. And it looks like in that time Hooke and possibly others figured out that the movement of the new
578.
by david927 5y ago
> the Empire tried to cope with decline by debasing currency That sounds like, "The spouse tried to cope with the failed marriage by cheating." Maybe, but maybe also it played a role in the marriage failing. Can you truly se
579.
by david927 5y ago
You keep arguing my words and not my point and I’m not sure what you think that type of sophistry is going to win you. You are well aware that the Denarius went from pure silver to .02%. You know it’s a classic example of inflation bringing
580.
by david927 5y ago
That's exactly what I'm saying. It would be seen as a competing currency, like gold, and prohibited. Michael Burry tweeted this earlier this year, "Prepare for inflation. Re-opening & stimulus on the way. Pre-COVID it t
581.
by david927 5y ago
Of course -- all financial strategies are bets. Good luck.
582.
by david927 5y ago
Are we just supposed to leave out that many empires simply collapsed, like the Roman Empire? So that it didn't go back to a gold standard because it no longer existed? I mean, maybe you have a point. Few that become heavy meth users
583.
by david927 5y ago
The assets don't disappear. Gold doesn't disappear. People will still want to trade. They'll have assets and want different assets. Barter stinks. Countries will have surplus grain but want, say, tech. They can use a st
584.
by david927 5y ago
Someone cleverer than I answered you above. “This has all happened before” is true.
585.
by david927 5y ago
First, there are fewer than 200 countries. Second, they've only left it since the 1970's in the current era and that was because the US could use its dominant position to do so (the Petro-dollar). Third, it doesn't matter if
586.
by david927 5y ago
Because the economies are interlinked and so a major economy defaulting starts a domino process where almost all debt goes into default. The currency of any country is legal note that says that country will pay that. What happens when the
587.
by david927 5y ago
> a return to the gold standard after its general global rejection has not happened before But only because a general global rejection didn't happen before. Remember that the "general global rejection" only started with
588.
by david927 5y ago
The same rules would apply to any competing currency, such as Bitcoin.
589.
by david927 5y ago
Like a major economy defaulting
590.
by david927 5y ago
> Care to put a number of years on that? I'm not a soothsayer; I'm not trying to time anything. I'm saying the steering wheel and pedals have come off the car and it's going 80 and so in the coming months and years,
591.
by david927 5y ago
Any amount. The idea was that owning wasn't really the problem, they just didn't want you easily trading it. So you could have a huge statue of solid gold and it wouldn't be a problem but a handful of 'junk' Kruge
592.
by david927 5y ago
I used to be Keynesian and thought that inflation was a free tax that was also good for investment and growth. Now I understand that it leads inexorably to ruin. It creates a situation where you have to invest in markets, which removes the
593.
by david927 5y ago
So... this year? :-) If you agree the building is going to explode, you don’t start talking confidently about how you probably have another hour but instead leave the building.
594.
by david927 5y ago
on the contrary, the world is facing a global economic collapse the likes of which it has never seen before.
595.
by david927 5y ago
Thinking is a lot more than logic. Chess and coding are great but they're a tiny sliver on the spectrum of thought. Read to them. Childrens books when young but progress as they get older. Play with them. Let them dictate the game.
596.
by david927 5y ago
I hitchhiked that back in 1987 when I was 19. Good times!
597.
by david927 5y ago
We really shouldn’t be talking about anything else right now
598.
by david927 5y ago
I use the term 'bien pensant' as an epithet. I think if you "chew your food" intellectually speaking, you're going to come to some surprising conclusions that will not match conventional wisdom and that's noth
599.
by david927 5y ago
I'm shocked at the cavalier attitude I'm seeing here in these comments. There's a sense of entitlement. The US gets to put anything on its credit card that it wants at the expense of the rest of the world, without the conce
600.
by david927 5y ago
The US is bankrupt. Should we worry?

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