scoofy

19 ms·

331.
by scoofy 7mo ago
It really is like our body politic is still mentally stuck in 1980. It's crazy. Republicans still campaign on "balancing the budget" while demonstrably being responsible for all the major explosions of debt we have experience
332.
by scoofy 7mo ago
Again... when the only purchaser becomes the central bank, then you're effectively printing money. Since no one is bearing the cost of actually buying the bonds, and there is no profit motive, then you're ultimately just printing
333.
by scoofy 7mo ago
> In particular, casinos don't gamble. I completely agree. I'm not trying to equate "casino gambling" to "gambling." Casino gambling is trivially stupid and should basically be illegal for large sums of mone
334.
by scoofy 7mo ago
> So there's never a particular point that it "comes back to bite us" - if anything, the "bite" is happening already right now for all of us. This is magical thinking. The bonds are actually held by investors, an
335.
by scoofy 7mo ago
The wealthy find loopholes because they are often the people having the legislation drafted. It’s actually not hard to pass clear solid tax laws. It’s only hard to get it passed.
336.
by scoofy 7mo ago
I literally grew up in Austin. I understand the Austin housing market. I understand is not cheap. That doesn’t mean it’s not affordable. According to your article: > Based on those costs, MIT estimates the living wage for a family of fou
337.
by scoofy 7mo ago
Greater fool theory.
338.
by scoofy 7mo ago
I think it's funny how you think I would be "colonizing" the same neighborhood I literally grew up in. I grew up in Austin. A bunch of people had kids there in the 1970's and 80's. More than where there before. So e
339.
by scoofy 7mo ago
>If I move to a cheap house somewhere Again, I'm not trying to be difficult here, but "where" is "somewhere." There are jobs in Austin, San Antonio, Kerrville, Marfa, and El Paso. They might not all be for me,
340.
by scoofy 7mo ago
>because other people are not interested into getting deeply into something, they just want a simple answer to a problem at hand and then move on. I mean, I completely agree with you. You can understand Karl Popper without being exhausti
341.
by scoofy 7mo ago
Housing where? Is housing for me in Malibu a human right? There's plenty of places to live in Texas for basically nothing. I'm honestly trying to take this seriously, but I really can't square the problem of location and util
342.
by scoofy 7mo ago
I think the real problem is most people don't actually have a very good understanding of "Truth." As someone who ended up studying philosophy, there seems to be a real gulf between folks who sort of believe stuff they hear, f
343.
by scoofy 7mo ago
They put it in the middle usually. It’s literally called the “Texas Doughnut” — a 5 over 1 surround a parking garage.
344.
by scoofy 7mo ago
Yes, I would call it gambling simply because someone has to take the other side of the bet and lose. The entire point of there being a gambling "line" is because two parties have to agree on a wager that they both think has positi
345.
by scoofy 7mo ago
Any system that is a zero-sum game with an effectively uncertain outcome is effectively gambling. Investing at least positive sum in theory. Prediction markets are not.
346.
by scoofy 7mo ago
I don’t actually know that is true. How much of out consumption is food, housing, healthcare, and transportation of those things? I suspect it’s well over 50% of income.
347.
by scoofy 7mo ago
I’m skeptical how much those things are contributing to the end of society. My main concern is GHGs, after that, these behaviors are wasteful, yes, but the vast majority of the limited resources can be recaptured.
348.
by scoofy 7mo ago
I mean, I’m advocating for renewable resources… that doesn’t me arbitrarily stopping consumption. It means reorienting consumption to being responsible. Mechanized farming, for example, prevents famine because it’s wildly more efficient tha
349.
by scoofy 7mo ago
I’m only dismissing it in relation to the field of economics . I would trivially dismiss Sufism in the same context. This discussion is ridiculous. We’re literally talking about the occult here.
350.
by scoofy 7mo ago
https://en.wikipedia.org/wiki/Fooled_by_Randomness
351.
by scoofy 7mo ago
>That's fundamentally wrong If you have an argument, please share it. If you don't, please don't waste everyone's time.
352.
by scoofy 7mo ago
I'm a "capitalist" in the sense that I think markets that allow people to exchange private capital create the better outcomes for society for society than other types of economic systems. I'm also a "liberal."
353.
by scoofy 7mo ago
Why on earth would you think it's untaxed? A legalized gambling business trivially creates taxable income.
354.
by scoofy 7mo ago
Yes... harm reduction approaches can be effective. The point is that they also need a "very annoying" frictional element to prevent harm reduction from creating worse outcomes than prohibition. The existing Las Vegas & India
355.
by scoofy 7mo ago
This entire discussion is ridiculous. We shouldn't be conflating the serious economic and philosophical work of someone like Adam Smith with the rantings of someone like Aleister Crowley. It's absurd.
356.
by scoofy 7mo ago
I agree.
357.
by scoofy 7mo ago
>You can't recycle to infinity. The lifespan of the earth is not infinite, pretending it is is foolish. We have about 5 billion years on earth before it will be consumed by the sun. Presuming an infinite earth creates a very obvious
358.
by scoofy 7mo ago
Economic growth just means "providing food, homes, and jobs to people who are alive." The degrowthers also presume that growth requires some sort of nasty fuel source. Almost some sort of religiosity that believes that anything go
359.
by scoofy 7mo ago
You're connection between an economic system with some kind of an amoral political view is a non sequitur. You could trivially operate gambling institutions in a socialist system. The gambling existing has nothing to do with the econom
360.
by scoofy 7mo ago
>If we assume that people will in practice gamble whether or not it's legal, I'd rather the gambling not be run by organized crime free from the ability of everyone else to oversee and regulate. I don't see why we should a

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