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.
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/