hookahboy

7 ms·

1.
by hookahboy 1y ago
yeah but wages are also taxed on nominal terms, not real terms.
2.
by hookahboy 1y ago
And how exactly does capital owe "future" taxes on gains or dividends based on inflation?
3.
by hookahboy 1y ago
Balderdash! Inflation and risk do not round to zero for wage income - wage income for the most part is NOT indexed to inflation and is certainly NOT guaranteed.
4.
by hookahboy 2y ago
This reads like a re-telling of Atlas Shrugged, dressed up for the 21st century but the causality runs from lack of government spending throughout the decades after the Great Financial Crisis. The EU deliberately chose to starve itself of g
5.
by hookahboy 2y ago
Here's a more fleshed out version: https://en.wikipedia.org/wiki/Coase_theorem . He did acknowledge things like transactions costs etc., which like in can-opener fashion, is typically assumed away by mainstream eco
6.
by hookahboy 2y ago
That is NOT what Coase was about - his proposition was that if you have well defined property rights, the parties would transact and price out any negative externalities efficiently, without govt. intervention. In this case, the bodies of w
7.
by hookahboy 2y ago
With regard to your comment, and since we are on the subject of style, I would rephrase "... only contend on two things" as "... only differ on two things". While it is grammatically correct, it feels awkward.
8.
by hookahboy 2y ago
I don't know whether approaching linear algebra using a "gut feeling" approach is a good idea though.
9.
by hookahboy 2y ago
"Intuition is the ability to acquire knowledge, without recourse to conscious reasoning or needing an explanation." https://en.wikipedia.org/wiki/Intuition I don't think this is what you meant to say - h
10.
by hookahboy 2y ago
Andy Grove didn't run Intel the way Paul Otellini did - Boeing had CEOs too before the current crop - it's not just modern capitalism, it's this perverse mutation we seem to have birthed over the last 2 decades or so. That&#x
11.
by hookahboy 2y ago
You've totally missed the point of the article - the failure is not idiosyncratic to any one CEO or to an individual manager's failure, it's the result of incentives that put these kinds of CEOs in charge, who then single-min