Party planning is going well for president Trump’s upcoming 90th birthday; now in his 11th year of his second term. He said via his speaking box “this will be the greatest party, possibly ever in the history of the world, many people are saying it”
Thanks.
4 was such a big one; I knew I couldn’t do it justice in a shortish post. But it is a fundamental assumption that is very wrong.
You are correct; information asymmetry is one big driver of people making “non-rational” choices.
I see it as an unstable economic model; it will either devolve to capitalism with monopolies capturing most if not all sectors; or devolve into communism with a single state-like entity controlling everything. At which point; no matter which way it went; it will collapse under its own weight.
The way it swings will depend on the people who are there at the start.
The modern version of libertarianism that we see most of; is based off some really bad assumptions:
(1) The market is perfect:
This leads to the assumption that all regulation is bad; and that it merely works to reduce personal freedoms and the ability of the market to produce things in the most efficient way possible.
It completely ignores history and the reason regulatory bodies were created. It also ignores that the market is not a thing unto itself; but is composed of people (see 4).
(2) Barriers to entry are irrelevant:
This follows directly from (1); even the simplest business has some barrier to entry. You have to buy somethings that your business needs to run. These are real costs, and will provide a barrier. Obviously, the bigger the barrier then more entrenched players have an advantage (see 3)
(3) Monopoly is not bad:
This is a subtle acknowledgment that (1 & 2) are completely false. Basically it is a cope, that even if monopolies form; clearly this is the market producing the most efficient production framework.
This ignores history; the major monopolies that were broken up. The crazy shit that went on to protect their monopoly status.
(4) Humans are rational actors:
Most economic models assume that consumers will make rational choices; they will make the most economically rational choices. Libertarians (in my experience) love this.
This ignores so much of reality; it also assumes that the values of all are the same as their own.
There is really too much in this point to cover here. So many things that we actually do make no sense if you were a rational actor, such as brand loyalty.
(5) If the market can’t address the issue, it is irrelevant:
There are many things that the market cannot address; but in the libertarian model these things are ignored.
e.g. fire fighting; this is the classic example where a market solution didn’t work.
But equally; policing; education; major infrastructure; functional health systems. There are so many examples; where if left to a purely market solution, simply would not get done.
Keep your flexibility… Almost impossible to get out back once it’s gone.
You can do alright, but keeping it is soooooo much easier. It will never get back to what you had if you don’t work to keep it.
We used to be. The rules changed about 10 years ago.
A lot of big appliances require higher power. Dishwashers, clothes dryers, fridges.
Some powers tools, drill press, plainer.
I never worry about load splitting,.
The benefit of the AS/NSZ plug, is that it isn’t much bigger than the US plug, but has a higher power density.
AS/NZS 3112
Simply the best
AS/NZS 3112
I can charge my electric car from a standard outlet. Can add 20kWh overnight, which is plenty for 3 days round town driving.
230V at 15A on a standard outlet, plug only slightly larger than the American one.
Quintin Tarantino is a hack.
Other than Pulp Fiction, none of his movies any good.
45M
I’m probably in better shape now, than when I was in my late 20’s and defiantly in my 30’s.
I go rock climbing once a week. And general running around with my 3 boys… For the exercise part.
But about 90% out the improvement is, I have a way better diet. If you can’t identify it by eye, severely limit how much of it you eat.
If you can’t confidently state “hey, that is a bit of broccoli” or “that’s beef mince” etc…don’t eat much of it.
Fruit, vegetables, meat, spices, simple grains, rice… Keep your ingredients simple, it will pay dividends in health long term.
This, could work.
But depending on personality issues… It could just escalate the issue.
I’ll put in a word for my preferred sport here.
My super energetic boy has been rock climbing since 7.
Strength, flexibility, balance, self confidence, progression is based on solving problems, climbs are graded.
I assumed that they are using some foreign keyboard.
Didn’t take long to parse the “th” from the symbol. Though sometimes it catches me and reads as a “p”
Great title.
The induced demand theory of coffee cup size.
Get a BIGGER cup.
I’ll accept it
Well yes. A model is just describes reality, the tools used in the description govern how accurate the model is.
e.g. the speedo in your car, is a model of reality. Obviously it only models a very tiny part, but depending on the quality of the tool; it is more or less describing reality covered by the model.
This is a concept that has been discussed for a long time ; you are in good company contemplating this fundamental paradox.
I’d compare you to a colostomy bag, but they are at least useful!