It's not that EVs are a commodity. Competition and speculative production capacity buildouts combined with lower than expected consumer demand made the market less profitable.
They said "net worth" which is assets not cash that's being spent. M0 would shoot up which causes inflation. If they said "income" it'd still shoot up the velocity of money, since poor people have higher spending rates.
I find Illinois taxes to be scarier for land than other investments. Illinois state is in a bad financial position, they can't inflate their way out of it. Financial assets are easier to move than land if things get bad.
Yeah, it's sorta both big and small. It's small in that you can't support a family farming 500 acres of corn/beans. It's big in that buying 500 acres would cost $5M - $10M, that's real money!
There’s something righteous in farming where it’s really hard to feel like you’re doing wrong even if you’re getting rich — you are just feeding people. It’s like being a doctor.
1M was a nice round number for equipment. I see people without much land buy new equipment all the time, it’s wild! They tend to not stick around long though. You must have better land than we do. Land by me goes for…
I own the farm and farm it in Illinois. I owe the land through an LLC, because farming is dangerous and I don't want to go bankrupt if somebody sues me. Farms are expensive and hard to subdivide, so people will put them…
Yup, sort of the whole point. There's a lot of cost plus contracts floating around here, which is a terrible incentive.
facebook.com started out as a php app. It was easier to make php efficient (enough) than to rewrite the application.
I was suspicious before I joined, but it works way better than you'd think!
That seems wrong. More than half the US population uses Facebook. https://www.statista.com/statistics/408971/number-of-us-face...
EVs are ~1% of cars and ~5% of new car sales. It seems like we have another 5 years until those scale effects start to really kick in.
FWIW, I am happy to pay a premium for the living situation I want. I do that today across high housing costs / taxes / cost of local goods/services. I'd happily support paying for other externalities (e.g. carbon taxes).
Cities don't vote, people do. I own a single family home in the Palo Alto. If I wanted to living in a city like Paris, I would. I like it here. I don't care about the price of my house, since I do not plan to sell it…
https://en.wikipedia.org/wiki/Messerschmitt_Me_163_Komet O.o """ [M]any pilots were killed during testing and training, at least in part due to the highly volatile and corrosive nature of the rocket propellant used in…
It's not that EVs are a commodity. Competition and speculative production capacity buildouts combined with lower than expected consumer demand made the market less profitable.
They said "net worth" which is assets not cash that's being spent. M0 would shoot up which causes inflation. If they said "income" it'd still shoot up the velocity of money, since poor people have higher spending rates.
I find Illinois taxes to be scarier for land than other investments. Illinois state is in a bad financial position, they can't inflate their way out of it. Financial assets are easier to move than land if things get bad.
Yeah, it's sorta both big and small. It's small in that you can't support a family farming 500 acres of corn/beans. It's big in that buying 500 acres would cost $5M - $10M, that's real money!
There’s something righteous in farming where it’s really hard to feel like you’re doing wrong even if you’re getting rich — you are just feeding people. It’s like being a doctor.
1M was a nice round number for equipment. I see people without much land buy new equipment all the time, it’s wild! They tend to not stick around long though. You must have better land than we do. Land by me goes for…
I own the farm and farm it in Illinois. I owe the land through an LLC, because farming is dangerous and I don't want to go bankrupt if somebody sues me. Farms are expensive and hard to subdivide, so people will put them…
Yup, sort of the whole point. There's a lot of cost plus contracts floating around here, which is a terrible incentive.
facebook.com started out as a php app. It was easier to make php efficient (enough) than to rewrite the application.
I was suspicious before I joined, but it works way better than you'd think!
That seems wrong. More than half the US population uses Facebook. https://www.statista.com/statistics/408971/number-of-us-face...
EVs are ~1% of cars and ~5% of new car sales. It seems like we have another 5 years until those scale effects start to really kick in.
FWIW, I am happy to pay a premium for the living situation I want. I do that today across high housing costs / taxes / cost of local goods/services. I'd happily support paying for other externalities (e.g. carbon taxes).
Cities don't vote, people do. I own a single family home in the Palo Alto. If I wanted to living in a city like Paris, I would. I like it here. I don't care about the price of my house, since I do not plan to sell it…
https://en.wikipedia.org/wiki/Messerschmitt_Me_163_Komet O.o """ [M]any pilots were killed during testing and training, at least in part due to the highly volatile and corrosive nature of the rocket propellant used in…