benlorenzetti

6 ms·

1.
by benlorenzetti 7y ago
Deflation and wage stagnation are not the same thing, indeed sometimes they are opposite. And I don't think their is a clear way to measure what potentially low percentage of the cost savings go to executives' pockets. But certain
2.
by benlorenzetti 7y ago
The trend of rich Chinese investing in US property is likely also due to the trade imbalance. Just supply and demand.
3.
by benlorenzetti 8y ago
<i> He and many others were able to state their critical opinions because they had the Web as an open platform, so they did not depend on anyone’s permission to publish their words. Crucially, the Web’s hyperlinking mechanism lets blo
4.
by benlorenzetti 8y ago
Does anyone blame John Oliver for all of this? A sort of Cold War of comments. Maybe there should be an internet startup selling e-stamps.
5.
by benlorenzetti 8y ago
Private organizations are of course able to take and support political opinions, especially since there are competitors in the browser space.
6.
by benlorenzetti 8y ago
Agreed? An empirical claim that $15 minimum wage is better than $10 could be proven false by some set of metrics and controls. That $1 is better than zero? That is a different type of argument, and one for which expounding upon the scientif
7.
by benlorenzetti 8y ago
I read this comment and think instantly of a creation vs evolution debate. Neither side can disprove the other and things just get more heated as we talk past one another. There is a fundamental logic to thinking that the floor for wages sh
8.
by benlorenzetti 8y ago
> As we've reported, the FCC falsely claimed that an outage in its public comment system was caused by multiple DDoS attacks, when in fact the outage was caused by the FCC's inability to handle an influx of pro-net neutrality c
9.
by benlorenzetti 8y ago
Many states have laws that force electricity distributors and producers to be legally separate entities. So for example an electric producer that is closer physically or offers the distributor more value by producing at the right time could
10.
by benlorenzetti 8y ago
I agree with you but something different, called "net neutrality" could be implemented trivially; just make sure the net revenue ISP receives from all external entities, for X amount of data is equal. I'm just trying to say t
11.
by benlorenzetti 8y ago
Here's a question for you then about the definition of net neutrality. Would it be net neutral to treat all data as the same net value but partition the cost differently? I.e. the cost of data from Wikipedia would fall on the consumer
12.
by benlorenzetti 8y ago
This exactly. The number of parties involved in any information transaction can be reduced to three: the consumer, the immediate producer, and the canonical producer. Prohibiting one of the participants from paying is not good for economic
13.
by benlorenzetti 8y ago
If Americans are so keen to pay people better they should vote to elect leaders who will decrease inflation. But they don't. So it does seem that the majority of voters don't care enough to decrease inflation. If Americans would l
14.
by benlorenzetti 8y ago
> I might be for that, as long as any welfare given to a company's employees is billed to the company. Sounds like a convoluted way of having a job and getting paid for it.
15.
by benlorenzetti 8y ago
Thanks! To all the others too.
16.
by benlorenzetti 8y ago
To HN: Is there a body of economic theory or a good text that separates inflation of the base currency from some other term that captures its relative value to other currencies?
17.
by benlorenzetti 8y ago
None of these articles ever talk about any concept of economic "distance". This one at least discusses the need for throttling if you read past the headline. End consumers pay an set price for generic data at their ISPs corporate
18.
by benlorenzetti 8y ago
This is a problem of economics more than design failure. The current legal/technical system that has developed between ISPs doesn't charge parties fractionally very well.
19.
by benlorenzetti 8y ago
Perhaps, but an even easier comparison to Maginot line is China's concrete islands
20.
by benlorenzetti 8y ago
Why do people lie? Maybe people are prone to exaggeration when its an idea they like or it's somehow attached to a position or stake they have taken (of)themselves. But really the point I was trying to make by saying it's just ano
21.
by benlorenzetti 8y ago
I think this is a major arguement for folks who criticize currencies. For example an energy based currency could be intrinsically ecologically conservative. Another example is continuous inflation of fiat currency (exponential growth), wher
22.
by benlorenzetti 8y ago
Has any politician ever campaigned on this though? I don't think I've ever had the opportunity to vote for a cap and trade
23.
by benlorenzetti 8y ago
I think the problem is not really a blip on GDP, because it could be done in a revenue neutral way. The problem is that it will change the winners and losers
24.
by benlorenzetti 8y ago
But this is just different sentiment. Personally, I think that people are very skilled at identifying when they are being spoken to unhonestly or dismissively.
25.
by benlorenzetti 8y ago
I hope that the FCC leaves well out of this, unless the state law later morphs into something that restricts home servers or favors California based servers
26.
by benlorenzetti 8y ago
There's a lot of plotting and plodding over artificial intelligence in our culture, from movies to politics. But we should look forward to the automation of simple tasks and not worry about creative and complicated ones. Appealing to b
27.
by benlorenzetti 8y ago
Competitor to the Federal Reserve :)
28.
by benlorenzetti 8y ago
I can't use every gear ratio on my 18-speed bike but I'm not upset by this relevation.
29.
by benlorenzetti 8y ago
An ironic name.
30.
by benlorenzetti 8y ago
Not traffic imbalances at peering points. Rather a situation where data has to travel further, through more nodes from source to destination. Shouldn't a logical system allllow that data to cost more? Or for example through the same nu

More ›