lottin

30 ms·

241.
by lottin 3y ago
I spend a lot of time thinking about economics, and spend a lot of time surrounded by people who also spend a lot of time thinking about economics, being an economist. The labour theory of value, along with every other objective theory of
242.
by lottin 3y ago
A population decline doesn't lead to a race to the bottom. Less people means the economic output is likely to shrink in absolute terms, but it doesn't have to shrink in per capita terms. On the other hand, less pressure on natur
243.
by lottin 3y ago
- Close the borders Good living conditions are like a magnet for economic migrants, and the wholesale arrival of migrants will start a race to the bottom which will destroy any quality of life.
244.
by lottin 3y ago
What is your risk appetite? How does gold affect the risk profile of your portfolio, specifically in terms of volatility and value-at-risk, and also more generally?
245.
by lottin 3y ago
> I have hedged my heavy US bond & US Treasury & US stock positions & US dollar positions with another asset class. No, you just have a portfolio that consists of a bunch of random assets.
246.
by lottin 3y ago
A hedge is a financial instrument that is negatively correlated with an exposure. A hedge position is not supposed to have a positive return, it's supposed to offset another position, so that the combined return of both positions is z
247.
by lottin 3y ago
I don't have any trouble at all wrapping my head around the idea of a chatbot. I just don't have any use for it. And this may also be true for a large part of the general public.
248.
by lottin 3y ago
> Do YOU think that intelligent management of global resources requires communism? I think a CENTRALISED management of the world's natural resources would require communism. Decentralised management is what we have now.
249.
by lottin 3y ago
> 6. World recognition to manage resources globally Do you mean communism?
250.
by lottin 3y ago
Notice that she rarely cites any sources. This is because most of the stuff she writes is counter to standard economic theory. Some parts are heterodox economics, other parts are entirely made up.
251.
by lottin 3y ago
He's a hostage. Everything he says or does has been vetted by his captors, i.e. the Kremlin. That's a puppet.
252.
by lottin 3y ago
I think revealing the wrongdoings of the US government was honourable, but fleeing to Russia was a bigger dishonour. You don't have to agree, it's a matter of opinion, really.
253.
by lottin 3y ago
I do. I think turning himself in would have been more honourable, in my opinion.
254.
by lottin 3y ago
To be honest, he has kind of defected. Yes, he didn't mean to go to Russia initially, but he's chosen to remain there, knowing that the Russians can throw him in the jail whenever they want. By remaining there he's turned
255.
by lottin 3y ago
Trading a commodity doesn't consume it. If I trade a hamburger, the hamburger isn't consumed. It's only consumed when I eat it.
256.
by lottin 3y ago
It isn't exempt. The miner will have to pay VAT when they try to sell the gold.
257.
by lottin 3y ago
But what on earth is a digital commodity? I think the whole concept of digital commodity is nonsensical. A commodity is a product. Products are either consumed or used as raw materials. A digital commodity is not a product. It can't
258.
by lottin 3y ago
For the financial system dealing with cryptocurrencies isn't worth the risk. The banks would have to perform all sorts of AML/CFT checks on every penny that has come into contact with an exchange, and they just don't have th
259.
by lottin 3y ago
Yeah, I understand... these type of loans exist in finance, they serve a very specific purpose. The point is that, unlike consumer loans, such loans require that the borrower has savings before they can take the loan. For example, most peo
260.
by lottin 3y ago
Are you sure? Did it fall from the sky? No, it didn't. You saved up $27,000 and then you bought the bitcoin. So first you had to have $27,000, otherwise none of the subsequent steps would have been possible.
261.
by lottin 3y ago
You started with more than $13,500. You started with $27,000. Then you used those $27,000 as collateral to borrow $13,500. Once you pay back the $13,500, you get your $27,000 back. So, you never have more than $27,000 at your disposal,
262.
by lottin 3y ago
A loan agreement that is enforced by courts of justice is traditional finance certainly. Loans in decentralised finance use smart contracts, instead of relying on the legal system.
263.
by lottin 3y ago
Okay, these loans that are backed with real world assets are just traditional finance right? We were discussing loans that are granted automatically to anyone without requiring an approval, remember: > How I can take out a collateralize
264.
by lottin 3y ago
I don't think this is correct. Let's say you have one bitcoin. Your funds available for spending are $27,000 (we're assuming bitcoin has perfect liquidity, for the sake of the argument). If you borrow $13,500 against your
265.
by lottin 3y ago
The same model. Or a different model, but one that is worth the same in the market.
266.
by lottin 3y ago
Yes, but it's not quite the same, because both the collateral and the asset being borrowed belong in the same asset class. It's as if you're renting a car but you have to put up the same car that you're renting (only in
267.
by lottin 3y ago
Sorry, but something doesn't add up. How is "cheaper credit" created by a collateralized loan exactly?
268.
by lottin 3y ago
If the amount that you borrow is the same amount that you lend, both amounts cancel out. Your net investment position is zero. As I see it, you can't do anything you the borrowed funds because you haven't borrowed any funds. Yo
269.
by lottin 3y ago
What is a use-case for a "collateralized loan"? Can you finance anything with it?
270.
by lottin 3y ago
I think you're living in techno-fantasy land. "Deleting" people on a database achieves nothing. Look at how authoritarian governments actually work in the real world. An authoritarian government would simply arrest the lead

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