
@_AashishReddy The classic conflation of money and wealth.
English
Local Knowledge Problem
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@MaxUtilitarian
The data required for rational economic planning are distributed among individual actors and thus unavoidably exist outside the knowledge of a central authority


“If the banks can print as much money as possible, why do we have poverty?” 💀💀
















Unfettered capitalism plus AI will be no one’s idea of a good time.


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/