j15t
Joined 10 years ago
Joined 10 years ago
The obvious difference is that car loans are not Federally issued and defaults are possible. Hence creditors have to issue loans in a prudent manner or else they will incur a loss. Not everyone is able to acquire a car loan, and interest rates can be very high.
These incentives do not exist in the student loan market and thereby subsidizing demand. Students become price inelastic.
Either way, as far as I understand they are independent variables to the absolute value of federal fund rate -- what matters more is the stage in the business cycle.
I am work with technology that might be useful for this type of application. Thanks!
Science at its core is about scepticism and degrees of certainty - never about absolute truth (see: inductive logic, etc.). Using "science" as an appeal to authority to end debate is the opposite of scepticism.
I personally do not have strong opinions about this debate, but I think it is completely acceptable for someone to take a 'wait-and-see' approach, especially considering the number of times "scientific consensus" has been wrong in the past (see: smoking, fats, etc.).
Moreover, it seems to me that there isn't any immediate danger from people who are "GMO sceptics" since all they do is pay extra for organic products. Market forces will regulate this behaviour if any shortages occur; which I don't think is likely.
So overall I find the "pro-GMO" attitude (such as that displayed in the article) to be strangely insistent on influencing the choices of individual's, dispite such low stakes.
In my studies of philosophy I am yet to find any system of ethics that provides an objective and universal definition of right and wrong - if you find one, please let me know.
Until then, we are all dealing with subjective opinions - it's just that some opinions are more popular than others. In democracy the most popular opinion wins, but this does not imply that an opinion is objectively "right" (as we know from history).
Hence, I find this recent trend where people classify other people's beliefs as "objectively wrong" - with no consideration for the subjectivity of their own beliefs - to be deeply troubling. Such behaviour is a departure from reason; only dogma remains.
So I don't think the difference in efficiency will always be a significant factor.
In addition it is possible to create bond tokens on Ethereum, which might provide opportunities to invest the capital from premiums - provided that the bonds have sufficiently low risk.
But more generally, the reason why evolution works is because organisms are not equal (mutation and crossover are random). I don't expect that this will stop any time soon.