vezzy-fnord

11 ms·

31.
Government's War on Women: 1900-1920(fee.org)
1 points by vezzy-fnord 11y ago|0 comments
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by vezzy-fnord 11y ago
"Making life worse for everyone else for the benefit of a few" is the inevitable result of any policy that places upper bounds on consumer preferences and transaction opportunities in a market. It is the imposition of a morality t
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by vezzy-fnord 11y ago
Profit maximization is one goal among market participants, though not the only one, since the market also encompasses modes of organization embarked on for communal and personal reasons as well. Profits are a motivation to act, but they may
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by vezzy-fnord 11y ago
Amorality in an economic system is a good thing. It means that participants impute their values within the institutional framework. An economic system actually designed to be "moral" (I can't think of anything other than Marx
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by vezzy-fnord 11y ago
The title says they're liberal, but then the first sentence says they're illiberal. The American political vernacular is truly a tragedy, and this consistent butchering of "liberal" to mean anything besides what is now i
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by vezzy-fnord 11y ago
erlinit is not an Erlang init, rather a C program for bootstrapping a minimum GNU/Linux userspace over which Erlang/OTP applications can run on.
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by vezzy-fnord 11y ago
I say exactly the opposite: you can use taxing to make people buy more of something (some new tech you want to push) or less (e.g. cigarettes). This is assuming that substitution effects invariably or above sufficient thresholds dominate
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by vezzy-fnord 11y ago
It's just sinit translated to OCaml. Given that it all boils down to POSIX libc, I'm not sure what the advantage of OCaml is here. EDIT: Appears to be a component of a larger "Prismriver" project, but still completely te
39.
Systemd v229 has been released(lists.freedesktop.org)
2 points by vezzy-fnord 11y ago|0 comments
40.
by vezzy-fnord 11y ago
Size of impact no matter how minuscule, it still poses problems for a chartalist theory of money. Bill Mitchell's economics frequently take a backseat to his rabid quasi-conspiratorial rantings about the neoliberal order that are in tu
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by vezzy-fnord 11y ago
I don't deny any of that. My objection was to the GP's initial singling out of gold. I'm also skeptical of how constraining a commodity requirement is in light of modern financial institutions and public finance.
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by vezzy-fnord 11y ago
Menger provides an evolutionary theory of money's emergence and does devote a chapter to the precious metals, but historically all sorts of commodities have served as media of exchange in various circumstances. The primary standards of
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by vezzy-fnord 11y ago
Legal tender laws are likely more qualitatively significant than ability to pay taxes in of itself. I'd be wary of the chartalist/state theory of money, since it's somewhat of a truism (state theory of money is correct for mo
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by vezzy-fnord 11y ago
Fiduciary media is money. Money need not have inherent value for value is subjective and thus cannot be inherent beyond people's achievement of various ends. The gold standard was turned off far earlier than 1971. In fact, all commodit
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by vezzy-fnord 11y ago
You implied that billionaires donate to charities because markets aren't great at solving such a problem, even though charities are market institutions.
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by vezzy-fnord 11y ago
Hopefully one day dumb humans learn from their mistake of blaming "greed" and various other nebulous exogenous factors instead of focusing on robustness of institutions.
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by vezzy-fnord 11y ago
Charities are part of a market process. "For-profit firm" and "market" are not synonymous.
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by vezzy-fnord 11y ago
Some markets (particularly raw materials, certain commodities and manufacturers that sell to monopsony buyers) are more fixprice than others, where firms sell at a stable markup cost and adjust output (i.e. by reducing employment or units)
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by vezzy-fnord 11y ago
There's also inherent tyranny-of-structurelessness issues that will arise from abolition of private property whereby certain members of an outwardly democratic cooperative will have more influence and significance than others, but whos
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by vezzy-fnord 11y ago
That's not the reason why "socialism" (however you define it) didn't take root in America. There was a time when the labor movement was strong, Eugene V. Debs was a serious presidential candidate (even being pardoned by
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by vezzy-fnord 11y ago
He might count as a Fabian, so I don't think the "socialist" label is necessarily inaccurate. It's a very diverse set of ideas.
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by vezzy-fnord 11y ago
Rand is overly simplistic and draws false dichotomies abound. It has never been the case that the "productive" have been opposed to wealth redistribution or other state proclivities, since they do in fact benefit greatly from favo
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by vezzy-fnord 11y ago
In practice, a marble cake federalism.
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by vezzy-fnord 11y ago
cgroups are overkill for process tracking, per se. The Linux kernel has the Netlink proc connector for that purpose. Subscribing to cgroupfs entails a much higher cognitive and resource load in having to deal with a hierarchical resource ma
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by vezzy-fnord 11y ago
The article is mostly about game theory, which has been a staple of economics for quite a while. That said, I would be very wary of jumping to such endeavors simply because a particular branch of mathematics appears to supply a useful verna
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by vezzy-fnord 11y ago
Well, ex ante, a minimum wage increase might be opposed. Ex post, the minimum wage becomes the default reservation wage for the entire jurisdiction, and as such the industrialists will have to accept it and adjust output, production, capita
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by vezzy-fnord 11y ago
Deflation is not an issue if accompanied by growth in TFP. It's acknowledged that the period from 1874-1896 was one such event. As for banking panics, they were always particularly bad in the United States because of geographic limitat
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by vezzy-fnord 11y ago
Well, the Marxian theory is the growing reserve army of labor increasing the organic composition of capital leading to a fall in the rate of profit and breakdown of capital accumulation. A major assumption was that automation would lower pr
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by vezzy-fnord 11y ago
Issuing of local scrip had some success in Wörgl, Austria during the Depression era (being praised by Irving Fisher, who advocated such a "stamped money" scheme), though the experiment was cut short quickly. Granted, issuing curre
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by vezzy-fnord 11y ago
Actually, (orthodox) Marxian economists would likely be opposed to full employment policy and welcome an increasing reserve army of labor since in Marxian theory it's met by a rising organic composition of capital (ratio of "const

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