This time displacement of value service is exactly why the industry is financialized. Of course, the financialization creates a huge moral hazard and introduces middlemen that take more than they supply in many cases…
I agree with you. The island simplification came later. If the economy is broken, gold is not a good investment. This doesn’t change the fact that it is also non-extractive of future labor, though, which was the purpose…
It depends on how the problem is defined. Do private pensions solve the “I hope I have money in old-age” problem better in a fundamental way? No. Do they solve the “I want to pay more now to have more later” problem…
Yes, a nonzero quantity of labor is necessary to avoid a pathological economy? This is not debated. The question is how the future value is priced. The original assertion was that future value must come from labor and…
You have demonstrated only that the thought experiment is dependent on the future market for a commodity and not on some future labor being exploited. Value in the future is dependent on demand and not on extraction…
Yes, it could be! Life is risky. Nothing is guaranteed. I’d rather have the market set the rate of redistribution than have it done by fiat in a completely unsustainable way.
In your simplification, you have removed everything that isn’t labor (i.e. demand for commodities) as well as labor. It is unsurprising that working to bury gold is a bad investment in this scenario. Instead, you should…
If you redefine everything as deriving value from labor and labor alone, OK. Government intervention is not a given, is not universal, and its impact on labor isn’t unique. There are other investment vehicles besides…
Why must the money come from future labor? Money can be saved and invested. Let them eat their capital and not their young.
I use it with WireGuard.
I contributed improved ipset support to this project. As far as I know, it’s one of the few off-the-shelf DNS servers that can insert result records into Linux ipsets to enable domain-based firewall policy. I run it on…
We agree. You don’t want universal computation in your configuration. Your “gas” approach is the right one and very weak computationally. I further posit that you don’t even want to offer gas fuelled TC and everyone…
The article did not advocate for a TC config language. I think Ruud would probably have been happy with a total primitive recursive language.
Spam. Please flag and remove.
Classical logic embeds in intuitionistic logic by Gödel–Gentzen see https://en.m.wikipedia.org/wiki/Double-negation_translation
I recommend creating a pyclass over a struct that stores the converted data. Instantiate it once and then repeatedly call a function on it in a pymethods impl with the parameters that differ.
This time displacement of value service is exactly why the industry is financialized. Of course, the financialization creates a huge moral hazard and introduces middlemen that take more than they supply in many cases…
I agree with you. The island simplification came later. If the economy is broken, gold is not a good investment. This doesn’t change the fact that it is also non-extractive of future labor, though, which was the purpose…
It depends on how the problem is defined. Do private pensions solve the “I hope I have money in old-age” problem better in a fundamental way? No. Do they solve the “I want to pay more now to have more later” problem…
Yes, a nonzero quantity of labor is necessary to avoid a pathological economy? This is not debated. The question is how the future value is priced. The original assertion was that future value must come from labor and…
You have demonstrated only that the thought experiment is dependent on the future market for a commodity and not on some future labor being exploited. Value in the future is dependent on demand and not on extraction…
Yes, it could be! Life is risky. Nothing is guaranteed. I’d rather have the market set the rate of redistribution than have it done by fiat in a completely unsustainable way.
In your simplification, you have removed everything that isn’t labor (i.e. demand for commodities) as well as labor. It is unsurprising that working to bury gold is a bad investment in this scenario. Instead, you should…
If you redefine everything as deriving value from labor and labor alone, OK. Government intervention is not a given, is not universal, and its impact on labor isn’t unique. There are other investment vehicles besides…
Why must the money come from future labor? Money can be saved and invested. Let them eat their capital and not their young.
I use it with WireGuard.
I contributed improved ipset support to this project. As far as I know, it’s one of the few off-the-shelf DNS servers that can insert result records into Linux ipsets to enable domain-based firewall policy. I run it on…
We agree. You don’t want universal computation in your configuration. Your “gas” approach is the right one and very weak computationally. I further posit that you don’t even want to offer gas fuelled TC and everyone…
The article did not advocate for a TC config language. I think Ruud would probably have been happy with a total primitive recursive language.
Spam. Please flag and remove.
Classical logic embeds in intuitionistic logic by Gödel–Gentzen see https://en.m.wikipedia.org/wiki/Double-negation_translation
I recommend creating a pyclass over a struct that stores the converted data. Instantiate it once and then repeatedly call a function on it in a pymethods impl with the parameters that differ.