fanzhang

23 ms·

181.
by fanzhang 10y ago
It's worth noting that the author here seems to be a teacher. One design feature of AP classes is to indeed remove some discretion from teachers. This is a drawback when you have amazing teachers, and a godsend if you have bad or just
182.
by fanzhang 11y ago
Imprecise thinking abound. The author starts with talking about the problem of big banks (fair enough) and then descends into longing for a command economy [1]. The author laments borrowing money to pay dividends, but the two are net-zero
183.
by fanzhang 11y ago
Let's put aside the likelihood of a exterminating strike (where the enemy achieves near-total destruction before you can even think about launching). Now suppose you do also decide to retaliate to ensure 99% destruction to your foe. W
184.
by fanzhang 11y ago
Here's an interesting question, even though I myself don't know the societal welfare impacts of trading. Suppose for a moment the value traders create is real. Like the trader making $X a year also creates $X of value (like a far
185.
by fanzhang 11y ago
Is that actually true? If Congress approves X by 51% but the president opposes X, then the default stays. In this case defaults have real meaning. There must be other system asymmetries as well: filibusters, what else?
186.
by fanzhang 11y ago
It will be legally hard for them to "reset the entire equity metrics" if they're using similar ideas and codebase to your company. But if they work on a separate idea not related to the old company, this seems much more poss
187.
by fanzhang 11y ago
The test pg suggests was also proposed by the economist Gary Becker [1]. Like many people here noticed, the catch is that the test only works if you compare marginal performance and not average performance. Economists call this the inf