Inequality, Interest Rates, Aging, and the Role of Central Banks

Re:Inequality, Interest Rates, Aging, and the Role of Centra... by dsfyu404ed on Friday December 30, 2022 @08:16AM (#34184713)

Even without externalities there is plenty of work that isa net negative in the macroeconomic sense.

If I pay someone to espouse the glories of ignorance, sow division and shill terrible policy online (not that many among us don't do it for free regardless) that work is of negative value to the broader economy despite having scant if any externality. But, that work is of positive value in the microeconomic sense hence why someone would get paid to do it. There are lots of niches like this in the economy.

See related: Broken windows fallacy and bullshit jobs.

[ Parent | on HN ]

Re:Inequality, Interest Rates, Aging, and the Role of Centra... by bullen on Friday December 30, 2022 @10:11AM (#34185711)

If you add to this that the value of "money" is backed by violence and you see that without energy to back that violence there can be no markets; then you will be able to imagine where this is heading at very fast velocity!

Nature does not negotiate.

  - Own you time! Don't sell your time.
  - Sell your past, not your present/future.
  - Only work with software. Hardware is done permanently.
  - Lower the energy requirements until it hurts.
  - Make permanent solutions.
  - Stop moving faster than 20 km/h, if you do take a train.
  - Live small, so you can heat it for less.
  - If you are in debt: SELL!

[ Parent | on HN ]