News for hackers. Stuff that matters.

A comment on Finally, no bid on mortgage-backed securities. Parent comment

Re:Finally, no bid on mortgage-backed securities by miked85 on Monday June 13, 2022 @06:28AM (#31723413)
Driving a car isn't about pride, ego, or virtue signalling...it's about having a comfortable and convenient way to get from point A to point B.
[ Parent | on HN ]
Re:Finally, no bid on mortgage-backed securities by achenet on Monday June 13, 2022 @07:24AM (#31723899)
While it is a local optimum, it can lead to global inefficiencies.

For example, L.A. traffic, where because everyone wants to drive (and, to be fair, in L.A. where everything is super spread out and public transport is non-existant, this is understandable), you end up getting a solution that, due to horrific space inefficiency of cars [0], comfort and convenience go to zero.

[0] https://www.danielbowen.com/2012/09/19/road-space-photo/

[ Parent | on HN ]