• Xerographica's Avatar
    08-29-2016, 07:24 PM
    How does the current system get us there? How can you guarantee that the money can't be used to save more lives elsewhere? It's a fucking guarantee that you could spend the money in Africa to save a lot more lives. But if your argument is that we can't valuate laws... then how are you going to argue that we can valuate lives? Then again, you don't seem too concerned with consistency or coherence. I think that my valuations matter. I think that your valuations matter. I think that everybody's valuations matter. And I don't mean in some sort of metaphysical sense. I mean in the very concrete sense where it's beneficial to know everybody's valuations. When you spot a problem you automatically valuate it. You notice a little kid is heading straight for a busy street. You automatically have a very negative valuation of the situation. And if you're close enough... you immediately solve the problem yourself. But what if you're not close enough? What if you're on a two story balcony? Well... do you whisper "yoohoo... folks... we have a problem... "? Of course you don't whisper... you shout and point, "Stop that kid!!!" People hear you shout and they automatically look to figure out what's going on. Your shout gets their attention. Whoever is closest to the kid will hopefully understand you loud and clear and will solve the problem. Your eyes, valuation and communication were combined with their eyes, valuation and action to solve the problem. Neither of you alone would have been able to solve the problem. Separately you were defective... together you were effective. You deciding between whispering and shouting is based on the premise that your valuation matters. But if it's important for you to be able to decide how loud you raise your voice.... then why isn't just as important for you to be able to decide how much money you spend? It's the same exact premise.
    17 replies | 488 view(s)
  • Xerographica's Avatar
    08-29-2016, 05:30 PM
    Seriously? Look... these are all different arguments... A. it's impossible to valuate laws B. it's impossible to correctly valuate laws C. people aren't going to valuate laws These arguments are all mutually exclusive. If A is true... then B and C are irrelevant. If B is true.... then A and C are untrue. If C is true... then A and B are irrelevant. So which argument is your argument? Let me give you a hand...
    17 replies | 488 view(s)
  • Xerographica's Avatar
    08-29-2016, 03:55 PM
    What do you mean it's impossible? Did you miss the part where I did it? I said that my valuation of the law against prostitution is -$300 dollars. Either I accomplished the impossible... or it isn't impossible to valuate laws.
    17 replies | 488 view(s)
  • Xerographica's Avatar
    08-29-2016, 03:06 PM
    I didn't ask you whether it's easy or difficult to valuate the law. I asked you whether your valuation of the law matters. If you believe that your valuation of the law does not matter... then it's really pointless to debate whether it's easy or difficult to valuate the law. So again. Does your valuation of the law matter?
    17 replies | 488 view(s)
  • Xerographica's Avatar
    08-29-2016, 02:54 PM
    Look, I asked you a really simple and straightforward question. Does your valuation of the law against prostitution matter? If you don't think it does matter... then you're not interested in discussing economics. So you're in the wrong forum category.
    17 replies | 488 view(s)
  • Xerographica's Avatar
    08-29-2016, 02:08 PM
    Oh gosh, at this rate... this is going to be just like pulling teeth. Prostitution is mostly illegal. How much does this law help or hurt you? Does it matter? If you don't think it matters then this is not the forum category that you're looking for. If you do think it matters... then this is the category that you're looking for. Because economics is all about individual valuation. So which is it? Does your valuation of this law matter? If it doesn't... then please move along to the philosophy category or some other category. Don't waste my time. I'm interested in discussing economics. If you're not interested in discussing economics then you shouldn't be here. If you think your valuation of this law matters... then you should be here. Please tell me what your valuation of this law actually is. Is it $1000 dollars? Or -$500 dollars? What is it? Personally, I'm guessing that my valuation of this law is around -$300 dollars. Of course my valuation might be different if I was in a real life coasianism situation.
    17 replies | 488 view(s)
  • Xerographica's Avatar
    08-28-2016, 02:45 PM
    Poorer people shouldn't be allowed to trade with richer people? In other words, let's end all employment?
    17 replies | 488 view(s)
  • Xerographica's Avatar
    08-27-2016, 03:07 PM
    The outcome of voting is never mutually beneficial. But if we replaced voting with spending (coasianism), then the outcome would be mutually beneficial. In this story on Medium... here's how I inappropriately summed up coasianism... If I was stranded on a deserted island with some animal liberation chick… and she was like, “I’ll have sex with you if you stop eating rats and fish”… then it’s entirely possible that I might consider it to be a good deal.
    17 replies | 488 view(s)
  • Xerographica's Avatar
    08-24-2016, 01:43 PM
    My debate with a liberal... starts here. ********************************************** You said that publishers have tried the pragmatarian model. Yet, when I asked you which publishers have tried it… you didn’t answer the question. Why didn’t you answer the question? How, exactly, do those charts refute my argument that socialism fails with public goods just as much as it fails with private goods? The only possible way that socialism could be succeeding at public goods would be if government planners actually knew our preferences for public goods.
    0 replies | 144 view(s)
  • Xerographica's Avatar
    08-23-2016, 05:27 PM
    My reply to Christians and Government, Part I by Matthew Wilson *********************************** I’m not a Christian… I’m a Xeroist. But I grew up reading the Bible and I love economics. What’s economics? It’s the study of how resources are allocated. In a market economy… resources are ultimately allocated based on the spending decisions of consumers. One day everybody wakes up and decides to become a vegetarian and voila! The economy would change accordingly. The meat industry would be totally annihilated because everybody suddenly decided to stop buying meat. The technical term for this is consumer sovereignty. From my admittedly very biased perspective… the number one theme of the Bible is… sacrifice. And sacrifice is spending. So the Bible is pretty much the most widely read economics textbook. I remember being a little kid and not understanding why God rejected Cain’s sacrifice. What’s wrong with fruits and veggies? I liked fruits and veggies. Well…most of them. Eventually I realized that Cain’s sacrifice was less valuable than Abel’s sacrifice. This is how God discerned that Cain didn’t love him as much as Abel did. Cain wasn’t as grateful or appreciative of all that God had given to him. All of Cain’s blessings were from God… but Cain’s sacrifice didn’t effectively demonstrate appropriate or proportional gratitude. Sacrifice is the most important form of communication. In economic terms… willingness to pay (WTP) is the most important form of communication.
    0 replies | 126 view(s)
  • Xerographica's Avatar
    08-17-2016, 09:45 PM
    Why AI will break capitalism by Henry Innis My reply... ********************************* Which is better for capitalism… brain drain or gain? Also, why do you assume that brainy AIs will be owned? I think that even stupid people can understand that brain gain is better for capitalism. Or can they? Can stupid people understand where opportunities come from? Do opportunities come from doing dumb things with society’s limited resources? Are you going to create many opportunities by farming poison oak? Of course not. Are you going to create many opportunities by farming artichokes? Of course… assuming you’re a decent farmer. Opportunities obviously come from doing smart things with society’s limited resources.
    0 replies | 160 view(s)
  • Xerographica's Avatar
    08-15-2016, 10:16 AM
    Steemit is a newish website kinda like Reddit. But, unlike Reddit... people can get paid for their contributions. I recently joined and posted my thoughts on the economics of the website... The Economics Of Steemit Anybody else on Steem? If so, what do you think? Here are some recent articles with the economics tag.
    0 replies | 133 view(s)
  • Xerographica's Avatar
    08-15-2016, 09:52 AM
    It's important to understand the difference between popular and valuable. Take prohibition for example. Was it popular? Sure... in the sense that lots of people voted for it. But was it valuable? We don't know. It's not like voters were required to put their money where their votes were. It's the same thing with Reddit. The stories with the most votes are clearly the most popular... but it's doubtful that they are the most valuable. From my perspective, the solution is to replace voting with spending. For articles this could be accomplished by facilitating micropayments. The most valuable stories would receive the most payments. We could do the same thing with this forum. I suggested it a while back but, unfortunately, most members of this forum don't see the value of putting their money where their values are. Markets work best when value signals are accurate. This is why the minimum wage is a problem. The minimum wage creates inaccurate value signals. Inaccurate value signals are also why ad-based revenue is a problem. You might share an article or video that you love... but your love will be largely latent. A "thumbs up" isn't going to accurately communicate your love. Only sacrifice/spending can accurately communicate your love. When sacrifice/spending is largely absent... then do we really have a market? Is this forum a market? We can choose which threads we spend our time in... but it's not like we use our cash to communicate our love. So if this forum is a market... then it's a crappy one.
    6 replies | 389 view(s)
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    08-14-2016, 03:24 PM
    A gazillion years ago I was pretty darn certain that allowing people to choose where their taxes go (pragmatarianism) would definitively prove, once and for all, that the proper scope of government is limited to... 1. defense 2. courts 3. police Now, a gazillion years later... I'm not so sure. In another forum I've been debating a few liberals and I've been trying super hard to get one of them... "Tofu"... to predict how the tax rate would change if we implemented pragmatarianism. In a pragmatarian system... congress would still be in charge of the tax rate... but.. taxpayers would be in charge funding, or defunding, congress. So if taxpayers weren't happy with the tax rate, then congress would know it. Congress would get the message. Despite my best efforts though... Tofu is really avoiding making a prediction about how the tax rate would change in a pragmatarian system.
    1 replies | 110 view(s)
  • Xerographica's Avatar
    08-12-2016, 09:51 AM
    I liked the story and replied to it.
    8 replies | 323 view(s)
  • Xerographica's Avatar
    08-03-2016, 07:52 PM
    Diversity VS Biodiversity
    23 replies | 2448 view(s)
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