jvm

10 ms·

61.
by jvm 11y ago
Note that the founders interests are aligned with the early employees, they are all taking an equal haircut. Either (a) the founders are sacrificing themselves for the sake of the company which means they were already in dire straits or (b)
62.
by jvm 11y ago
One thing to note here: European salaries are often quoted post tax, so they look substantially smaller than an American job with similar take-home.
63.
by jvm 11y ago
Many of Asia's greatest cities were destroyed in the space of about 50 years: Constantinople in 1206 (almost Asian!), Beijing in 1215, Samarkand in 1220, Baghdad 1258. History might have looked very different if these cities had been s
64.
by jvm 11y ago
I have < $50k of savings but most of my money is still in Betterment being taxed as capital gains. If you're using a savings account as an investment strategy the tax on your tiny interest payments is the least of your problems.
65.
by jvm 11y ago
I think you are right that there are still disadvantages to within-country inequality, but I strongly disagree with the dismissal you seem to be making of the massive reduction in country-level inequality and accompanying massive reduction
66.
by jvm 11y ago
Most income inequality (taken on a worldwide basis) is between country, not within country. Overall global income inequality is dropping considerably, with China playing a large part. > https://twitter.com/bill_easterly&#
67.
by jvm 11y ago
This is nearly incoherent… He doesn't order from Sprig because it's too efficient? I mean you are welcome to value whatever you want, but if you're against efficiency you will probably have a problem with nearly every for-pro
68.
by jvm 11y ago
I'm surprised you didn't note that Venmo forces you to carry a "Venmo" balance instead of paying out immediately to your bank account. That to me is the biggest area of superiority for Square Cash.
69.
by jvm 11y ago
> there should be a way for me to see all the requests In my (Android) version of the app this is what happens if you click the button in the upper right hand corner.
70.
by jvm 11y ago
Yup, I feel pretty strongly about the point I was making and, to be honest, I think it did have content despite my sardonic delivery.
71.
by jvm 11y ago
Problem solved! </sarcasm>
72.
by jvm 11y ago
Why not just charge for parking instead of for charging? Charging is included in the price. If people want to pay to not charge so be it!
73.
by jvm 11y ago
If you want more people being educated, you should subsidize education. If you want more R&D, you should subsidize R&D. If you want more people living in burn zones, you should subsidize living in burn zones. I think I join most Ame
74.
by jvm 11y ago
If your goal is people growing more food relative to baseline, you should subsidize food (which we do, intensively). If your goal is people living in flood zones, you should subsidize living in flood zones (e.g. by insuring it, which we als
75.
by jvm 11y ago
For any activities that really are that valuable, there is no need for a subsidy. The revenue from the activity in those cases exceeds the costs of dealing with the disaster. The efficient thing to do is end the subsidy, and have all the le
76.
by jvm 11y ago
They have clearly adopted other goals as well, apparently popping bubbles or some such, otherwise with 10 year TIPS << 2% there would be no reason to raise rates.
77.
by jvm 11y ago
Throughout this thread, commenters are assuming that circuit breakers are helpful and useful. Yet no evidence in favor of that assumption is presented in the WSJ article. The CNN article quotes someone named "Dennis Dick" claiming
78.
by jvm 11y ago
Tyler Cowen had a great post on the government's incentives in this stage of China's development, it's worth a read. [1] > But recall that the “citizen trust contract” with policymakers is ultimately a fragile one and base
79.
by jvm 11y ago
Means testing actually increases the disincentive to work. Working usually results in greater income which can diminish the benefits. This amounts to an effective higher marginal tax rate, when benefits are removed as you earn more. It&#x27
80.
by jvm 11y ago
Forgive my ignorance, what does one do during non-insolated hours? Do solar cells typically come with battery packs or does one just pull from the grid? If the latter then the cost savings are a bit less impressive than stated. Also can you
81.
by jvm 11y ago
The PRC has had a historical policy of linking the RMB to the dollar. That made sense when they were primarily reliant on exports to the US, but now that their exports are diversified and they have massive domestic demand, a float and infla
82.
by jvm 11y ago
So absurd to refer to wages as bribery! Structurally identical: "The leaders at [insert startup here] hadn't been able to employ engineers for free, they could only bribe them with high rates of pay"
83.
by jvm 11y ago
"Buffett and Rogers consistently beat the market, year after year, decade after decade." Berkshire Hathaway has not beaten the market since before 2008[1], marking 8 solid years of alpha=0. [1] http://imgur.com/gal
84.
by jvm 11y ago
Fascinating excerpt from the book by Tyler Cowen: > the modern species [of maize] had to have been consciously developed by a small group of breeders who hunted through teosinte strands for plants with desired traits…"To get corn ou
85.
by jvm 11y ago
Not that I disagree with you (although I think you may have misinterpreted EMH) but your argument is structurally identical to saying, "What if the odds of winning the lottery aren't so long after all? Lottery winners might beg to
86.
by jvm 11y ago
And interestingly the capitalists in question appear to be homeowners: http://www.newgeography.com/content/004888-pikettys-wealth-d...
87.
by jvm 11y ago
The Travis Kalanick biopic: "A bro stands athwart history, yelling cant stop wont stop." https://twitter.com/Broethius/status/595971600358449152
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by jvm 11y ago
Almost the exact opposite is true: http://fee.org/freeman/detail/uber-against-racial-profiling
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by jvm 11y ago
> Brazil had the most overvalued currency in the world a year ago[1] according to the Big Mac Index, but today it's undervalued by 10.6%. According to the adjusted index, it's still the world's most overvalued currency.
90.
by jvm 11y ago
My guess it that the word "slavery" usually implies chattel slavery, whereas these people were serving sentences of penal servitude. Others have pointed this out, but penal servitude is alive and well in the US prison system as we

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