danesparza
Joined 14 years ago
Joined 14 years ago
This has taken months to up-end multiple industries.
I don't think the article makes a fair comparison.
It's wrong. We need to stand up for educators and healthcare providers.
Read that again.
Wendover productions has a great video on the phenomena of self-storage and the economics around this: https://youtu.be/uEVv8SOJ6Is
What is no longer the norm is getting first-hand experience with a product before you buy it. Everything comes in the mail and it's a surprise to the consumer after they buy it. That's nuts!
Not at all.
But I don't know that they would do any worse than an average human would in the exact same situations.
Sure they can - especially when conferences are designed to have an API.
And when more companies are run by an AI, they will absolutely have secret meetings to discuss a merger.
That police officers just don't get successfully prosecuted for this because of qualified immunity: that should be the big takeaway here.
Flock is just the whipping boy of the hour.
"No one serious is worried about American solvency. The paper says 50% over the next 10 years, but even most economists misunderstand how the monetary system works. There are so many other issues to worry about at the moment more immediate than solvency."
And the only point I was trying to make was this: Nobody expects an entire (powerful) system of government to stop being a thing ... until it stops. And other powerful governments have stopped being a thing.
I'm sure there were plenty of pundits in ancient Rome who said things like, "No one serious is worried about Roman solvency". And eventually, they were wrong.
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Side note: It doesn't matter if unserious people think these things or not. The article's premise is about the ideas of "too much debt" making the bond market a more risky bet.
If people aren't buying bonds this will eventually slow (and stop) cash flow to governments (including the federal government) to the point of it being a crisis, because bonds cover 25% of our Federal government spending.