> A big ah hah moment for me was realizing that money is a representation of inefficiency.
> A big ah hah moment for me was realizing that money is a representation of inefficiency. Ehhh. I guess that's basically true, but people would probably read the wrong idea into it if you phrase it this way. An economist would rather phrase it as "a dollar spent on something is a vote for there to be one dollar more of something." But it can be flipped around to your line of thinking as "a dollar spent is a representation of one dollar's worth of dissatisfaction or unmet need that someone has." If everyone has exactly what they want, then market velocity goes to zero. Money doesn't cease to exist; it just ceases to be moved around. (Inflation is, partly, a disincentive for ever letting this happen.) Either way, even in a post-scarce utopia, capitalism would still survive; it has useful emergent information-redistribution properties beyond its use in plain survival. For example, an "everyone gets a basic income and spends it in a market" system thoroughly beats a central-allocation system when it comes to figuring out what crops need to be grown, what factories need to be built, etc.
Posted by derefr on Dec 11, 2014, 4:22 AM
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- Not sure what you suggest to do.
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- The biggest problem with MOND is that it was hand-crafted with additional parameters simply to fit the data.
- (My comment is about detached houses).
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Raise real-world problems, find people facing the same issue, and discuss solutions.9,000 issues0 comments
hackernews (Other)
Not sure what you suggest to do.
NewWhy is this not yet published on the official website and why is there no CVE?
NewThe biggest problem with having an LLM do this, from what I've observed of at least frontier models, is that the way they are trained...
The biggest problem with MOND is that it was hand-crafted with additional parameters simply to fit the data.
(My comment is about detached houses).
The biggest problem with this is that I can't run my company's own internal benchmarks against this API, because they will be trained int...
> steer Claude away from over-engineering parts of the system in response to hypothetical concerns.
Why is there no comparison with FLUX 3 Image?
> A big ah hah moment for me was realizing that money is a representation of inefficiency.
> A big ah hah moment for me was realizing that money is a representation of inefficiency. Ehhh. I guess that's basically true, but people would probably read the wrong idea into it if you phrase it this way. An economist would rather phrase it as "a dollar spent on something is a vote for there to be one dollar more of something." But it can be flipped around to your line of thinking as "a dollar spent is a representation of one dollar's worth of dissatisfaction or unmet need that someone has." If everyone has exactly what they want, then market velocity goes to zero. Money doesn't cease to exist; it just ceases to be moved around. (Inflation is, partly, a disincentive for ever letting this happen.) Either way, even in a post-scarce utopia, capitalism would still survive; it has useful emergent information-redistribution properties beyond its use in plain survival. For example, an "everyone gets a basic income and spends it in a market" system thoroughly beats a central-allocation system when it comes to figuring out what crops need to be grown, what factories need to be built, etc.
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