Local Knowledge Problem
23.7K posts
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
Katılım Haziran 2020
1.1K Takip Edilen1.5K Takipçiler
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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@cezarybaginski @CreativeDeduct "successfully predicting the future: what people will actually buy"
💯%
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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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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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@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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@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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@KeruboSk How do you not? Things to do, places to go, shit to get done.
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Are you tuning into the Free Talk Live radio show this evening?
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@FreeTalkLive "You are not entitled to someone else’s labor just because you can vote to take it."
But muh democracy.
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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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@MbarkCherguia That's no reason to call someone a toad. Especially not a loose one. That's harsh.
GIF
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What would you do if you had a note like this on your car???
WRONG ANSWERS ONLY 😏
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So tariffs and deficit spending are not to blame? I doubt that very much.
Andrew Yang🧢⬆️🇺🇸@AndrewYang
Unfettered capitalism plus AI will be no one’s idea of a good time.
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GIF
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@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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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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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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@MaxUtilitarian @dave_derrick @livingdevops I also had the dragon book. We used it in my compiler class. Thanks for the memory.
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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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Nice! A the Computer Literacy store. I'd have loved to have seen it! My set's pretty dog eared. Actually worked through a lot of the MIX assembly exercises. Those were the days.
When you mention it was foundational, think of all the algorithm and compiler texts you went through. Sedgwick's agorithm book and the classic "dragon" compiler book.
Do students even read these anymore?
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Still on my bookshelf. The three-volumes “The Art of Computer Programming” written by the legendary computer scientist Donald Knuth. It’s considered a foundational classic in the field of computer science and programming.
I think I ordered them from the “Computer Literacy” store will visiting in Sunnyvale.
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@RishiJoeSanu Indeed. Telecom in the 80's / 90's, pre internet was crazy dependent on them both (and Nortel and AT&T Network Systems, etc.)
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