Local Knowledge Problem

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Local Knowledge Problem

Local Knowledge Problem

@MaxUtilitarian

The data required for rational economic planning are distributed among individual actors and thus unavoidably exist outside the knowledge of a central authority

가입일 Haziran 2020
1.1K 팔로잉1.5K 팔로워
Mr Tomycj
Mr Tomycj@Tomycj1·
@lastsaskliner @cafreiman They're precisely saying that if customers don't like such asymmetry, they will punish the business using it. All they need to do is to pick the cheaper option. They will continue being able to do that. The entire market consists of information asymmetries being exploited, kinda.
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Chris Freiman
Chris Freiman@cafreiman·
If your criticism of dynamic pricing is that customers will dislike unpredictable prices, then presumably the market will punish businesses that use it and so the alleged problem will resolve itself.
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Local Knowledge Problem
Local Knowledge Problem@MaxUtilitarian·
Do you just randomly repost images with no clue what they are. Apparently so. To mistake Larung Gar for an overpopulation crisis is to confuse a masterpiece of voluntary devotion with a failure of planning. These residents didn't "sprawl" there out of desperation; thousands of doctors, professionals, and students deliberately abandoned comfortable modern lives to build these homes by hand for the privilege of 4-square-meter spiritual immersion. Far from a "slum," this was a highly organized, world-class intellectual hub where the "standard of living" was measured in profound scholarship and communal peace rather than square footage. The ultimate irony? The only reason the site is now "thinning out" is that the leviathan Chinese government is systematically bulldozing it—not because the community failed, but because its staggering success and organic growth became a threat to state control.
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KLee
KLee@LeeKurtiss·
@JoelOBryanPhD @RogerPielkeJr @luigi_warren You have to be a cult member moron to think we don't have an overpopulation problem on this planet. Human beings did not evolve to be crammed into buildings like rats in a cage. While you are simultaneously complaining about no affordable housing and too much traffic
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The Honest Broker
The Honest Broker@RogerPielkeJr·
There never was a global population crisis Link in reply
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Buck
Buck@BuckOnTwidder·
overheard on the train this morning: "i think that guys listening to our conversation”
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sudox
sudox@kmcnam1·
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Daniel M
Daniel M@Daniel86Cycles·
@lymanstoneky >innovative and industrious people chose to make him wrong.
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Lyman Stone 石來民 🦬🦬🦬
Paul Ehrlich is dead. His legacy is misunderstood. He was, in fact, correct about a lot of things-- he was rendered wrong because innovative and industrious people chose to make him wrong. The lesson for today is simple: people have to choose to make low-fertility-fears wrong.
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Cezary Baginski
Cezary Baginski@cezarybaginski·
Profit is a reward for: 1. successfully predicting the future: what people will actually buy 2. applied innovation needed to provide what people want to buy on better terms than anyone else in the market is willing to provide High profit rates attract investors and competitors - which is how you get the effects you described.
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Creative Deduction
Creative Deduction@CreativeDeduct·
Profit isn't exploitation - it's proof your business created real value. When revenue exceeds costs, owners earn profit - the reward for taking risk, fuelling growth & innovation and creating jobs. Profit is the market's signal that your product or service is genuinely valuable to other people. It tells the economy "this matters, produce more of it!", leading to lower prices, more choice, and widespread progress. In a free market, profit isn't greed. It's evidence of a positive contribution to consumers and society.
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Local Knowledge Problem
Local Knowledge Problem@MaxUtilitarian·
@CAD_Diabolo @kosa12m Perhaps not by themselves, but piped into xargs, maybe... find . -maxdepth 1 -type f -print0 \ | grep -z 'draft' \ | sed -z 's|^\./||' \ | xargs -0 rename -n 's/draft/final/g' Rename all 'draft's to 'final's.
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ksa 🏴‍☠️
ksa 🏴‍☠️@kosa12m·
oldheads really spent 3 hours clicking checkboxes and dropdowns just to get absolutely demolished by a grep/sed one liner in 0.067 seconds
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kevindotcar
kevindotcar@kevindotcar·
@kosa12m I would debug using a csh script for a whole day before turning it loose on files ... I look at my files like the Navy looks at their boats...
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Sophia ❣️
Sophia ❣️@KeruboSk·
Apparently there are people who wake up before their alarm… and just get up. Just one alarm. No snooze. No struggle. Explain yourselves. How do you do that?
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Free Talk Live
Free Talk Live@FreeTalkLive·
Are you tuning into the Free Talk Live radio show this evening?
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Free Talk Live
Free Talk Live@FreeTalkLive·
You are not entitled to someone else’s labor just because you can vote to take it. You don’t build a moral system on forced charity, you build it on voluntary action, anything else is theft.
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Perfunctory
Perfunctory@pfunkin·
@MbarkCherguia That's no reason to call someone a toad. Especially not a loose one. That's harsh.
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Liberta Cherguia 🇪🇺
Liberta Cherguia 🇪🇺@MbarkCherguia·
What would you do if you had a note like this on your car??? WRONG ANSWERS ONLY 😏
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Stu Harbinger
Stu Harbinger@TBoaty·
@joshrauh The same individuals who left or will leave have businesses and employees all of whom pay income taxes, sales taxes, property taxes, state fees, licenses, etc. The negative second order effects will take time but blow a giant hole in CA revenues
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Joshua Rauh
Joshua Rauh@joshrauh·
Let me review. You said your billionaire tax would raise $100B based on the Forbes California list. We then documented based on press reports that some key individuals have already left, implying a $67B ceiling. We adjust further best we can for estimated departures not yet reported and get ~$40B. We then account for lost income taxes (which you ignore), finding a net negative take. You pivot to calling us dishonest.
David Gamage@davidsgamage

Our response to the @joshrauh et al. revenues estimates of the California Billionaire Wealth Tax Act (CBTA) has now been posted: papers.ssrn.com/sol3/papers.cf… In short, their estimate relies on many false claims about CA law and the CBTA and is completely implausible and dishonest. 1/

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The Honest Broker
The Honest Broker@RogerPielkeJr·
This from Paul Ehrlich will make you think "If I'm always wrong so is science, since my work is always peer-reviewed, including the POPULATION BOMB and I've gotten virtually every scientific honor." Link in reply
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Akhilesh Mishra
Akhilesh Mishra@livingdevops·
Dennis Ritchie created C in the early 1970s without Google, Stack Overflow, GitHub, or any AI ( Claude, Cursor, Codex) assistant. - No VC funding. - No viral launch. - No TED talk. - Just two engineers at Bell Labs. A terminal. And a problem to solve. He built a language that fit in kilobytes. 50 years later, it runs everything. Linux kernel. Windows. macOS. Every iPhone. Every Android. NASA’s deep space probes. The International Space Station. > Python borrowed from it. > Java borrowed from it. > JavaScript borrowed from it. If you have ever written a single line of code in any language, you did it in Dennis Ritchie’s shadow. He died in 2011. The same week as Steve Jobs. Jobs got the front pages. Ritchie got silence. This Legend deserves to be celebrated.
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