oDot

25 ms·

301.
by oDot 7y ago
Then you should buy umbrellas, and not listen to people saying it'll be sunny forever.
302.
by oDot 7y ago
Most Austrians I've heard see this to be a dollar crisis: US has huge debt -> No US politician will ever default on it -> They will print money to pay it -> Dollar loses value. That's fairly simplified but I hope you get
303.
by oDot 7y ago
They describe the source of the problem, the way it will affect the market, and the extent of the effect, usually.
304.
by oDot 7y ago
The Corona virus is just a pin to a bubble that's there for years. See my other comment explaining this.
305.
by oDot 7y ago
This crisis was not caused by the Corona virus. It is only the pin that burst a bubble that was already there, and if no virus would have happened, something else would have burst it. Austrians see the depression as a necessary correction,
306.
by oDot 7y ago
It definitely is. The Austrians are very prepared for this crisis, and it seems like it was useful to some people shorting in 2006-2008.
307.
by oDot 7y ago
The only school that has any explanation for this is the Austrian School of Economics. Their theory of the business cycle is the reason they successfully predict every crisis to the tee (except for timing, no one can do that), while other e
308.
by oDot 7y ago
Right, my point is that a single lockdown is not enough. You have to have good monitoring and intermittent lockdowns in different areas based on that monitoring
309.
by oDot 7y ago
From what I read, a single lockdown doesn't work, as even 1 patient is enough to destroy everything, and a lockdown can't guarantee he wouldn't exist. A solution seems to be selective lockdowns by area backed by a huge amount
310.
by oDot 7y ago
Zoom is still the best performing software. Alternatives fail in various ways. I wrote Emergency Remote[0], and for some companies thrown into the situation it is best to use it anyway. They can't handle more trouble during this time.
311.
by oDot 7y ago
Shameless plug, I wrote a super short yet helpful book for companies thrown into remote: https://www.emergencyremote.com/EmergencyRemote.pdf
312.
by oDot 7y ago
The hardest part is communicating async. I've worked remotely for a while (even wrote a book[0]) and interestingly, the hard part is not to initiate async conversations, but to decline synced conversations. Gotta get better at sayi
313.
by oDot 7y ago
Interesting, thank you for that
314.
by oDot 7y ago
There's a different clock on there for unfunded liabilities at $132T. If that package is unfunded, it's not even a dent to the overall.
315.
by oDot 7y ago
The explanation is that this is probably the best offering they're aware of, and whatever the price is, it's less than the value they receive.
316.
Show HN: eBook for inexperienced companies thrown into remote [pdf](emergencyremote.com)
1 points by oDot 7y ago|0 comments
317.
by oDot 7y ago
You say my iPhone example is nonsense yet you speak about wealth accumulation in a way that supports my example. You ignore other countries falling the exact same faults as you say Capitalism You seem to support a democracy where a majority
318.
by oDot 7y ago
>The real question is towards what end those resources are being efficiently allocated. Capitalism is an incredibly efficient system for accumulating resources with a tiny percentage of the population at the expense of everyone else. Thi
319.
by oDot 7y ago
> I'm not changing the subject. My claim is that it's a zero sum game of resource accumulation. We're now at the point where over half the resources in the world have been accumulated with a handful of individuals. Capital
320.
by oDot 7y ago
> My claim is that capitalism accumulates wealth with a small percentage of the population who then end up running the country as an oligarchy. Your iPhone example does not in any way contradict that. Please do not change the subject, we
321.
by oDot 7y ago
I have demonstrated precisely how it is not zero sum, using the iPhone example. > Under capitalism the government is nothing more than a management committee for the rich... You are mixing definitions here. Capitalism means private owner
322.
by oDot 7y ago
You'd be surprised. I live in a country with only a couple brands per product (talking groceries here) and it is abysmal. Even if they make all the different kinds of, say, cheese (and they don't), the quality is terrible, because
323.
by oDot 7y ago
Regardless of that specific example, government does this all the time. It is much easier for them to lose money that isn't theirs. If you're at disbelief at that, wait until you take a look as the US national debt
324.
by oDot 7y ago
Government only got in late in the game, and if you take a look, a lot of the policies that look good on the surface actually hurt the same people they claim to help. For example, the minimum wage is clearly helping out skilled workers. Ima
325.
by oDot 7y ago
Free markets are NOT a zero sum game. If I buy an iPhone from Apple for $1000, you'd think they "accumulated resources at my expense", but I got something -- an iPhone. That iPhone is worth for me more than $1000, otherwise I
326.
by oDot 7y ago
If you agree that capitalism makes for the most efficient allocation of resources, there is no need to regulate that allocation.
327.
by oDot 7y ago
The main argument for Capitalism is the NAP and the removal of physical force or threat of it. As for cartels and monopolies, if you take a look at late 19th to early 20th century USA, where business could in fact form cartels and monopolie
328.
by oDot 7y ago
TLDR; By being famous and offering a lot of money
329.
by oDot 7y ago
> So back to that family, the landlord notices the market has moved, and he raises the rent 10%. The landlord gains $400/mo. The tenants gain nothing except the “privelege” of non-eviction. It seems like that "privilege" i
330.
by oDot 7y ago
Yes, I was not talking about the UBI part, but the voluntary transaction part.

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