Viewing profile — Fantastic_T

>1) Vote for politicians who are going to create real structural change in society, e.g. Bernie Bernie Sanders 2011: American dream more apt to be realized in Venezuela where incom…

Ostler was a human job. The parent comment implied that horses had jobs.

The cost of automated processes approaches zero over time, because automation can be scaled up so easily, so the cost of human labour, and scarce natural resources, will always tre…

>There is no fundamental relationship between taxing profit and investment. The sole motivation for investment is profit. As profit declines, fewer investments are justified by the…

>Horse jobs (horses are a special and strange kind of human) are nil. There is no such thing as a horse job. Horses are not people with legal rights. They are property, that was re…

Could you explain a little more explicitly what you are referring to, and what you think the solution will be?

>Average wage can go up while national income goes down. Only sustained increase in national income can support sustained wage growth. Wage growth that comes out of increasing labo…

Right, but who knows how property is best configured to serve society. Given the market's profit loss system aligns the interests of private investors with the interests of society…

>If a company invests their excess cash then that money is spent and is no longer profit and no longer taxed. I was using a simplified example that ignores deductions. You're right…

>Industrial machines such as the Jacquard Loom could only affect one industry at a time. And in doing so we brought about the service economy. The power loom was but one variation …

Please do dig it up, because I find it highly unlikely that in an environment where the average wage increases by 20% over a generation, that the children of those who had been in …

Yep I assumed they believed in tech unemployment but I checked my assumption and couldn't find any evidence for it. However I will say that in the long run it is very unlikely that…

The Luddites were wrong in the sense that they and their children for the most part had far better jobs than they did before the power loom. Automation has always caused improvemen…

I can't find anything to suggest that you are wrong. I can't find any evidence that the Luddites themselves believed in technological unemployment.

Corporations also have record high corporate debt levels right now. Cash reserves are vitally important as cushions to provide stability in a volatile economy that crashes every fe…

If you take a dollar for every four dollars of corporate profits, corporations (meaning the compacts created between shareholders) will have less money to invest with. The sharehol…

So basically you believe in the Luddite fallacy that automation hurts workers. http://www.economicshelp.org/blog/6717/economics/the-luddite... Welfare hurts incentives and misalloc…

You're deflecting with a change of subject. This is the kind of attitude that is typical of the pro-censorship crowd.

It's not finite but inflation is paid out to ETH holders in proportion to the amount of ETH they stake for validation, so on the balance, ETH holdings experience no dilution. Rathe…

Not with the block size limit serving the market for payments to the first competing cryptocurrency (like Ethereum) that develops a decent wallet and gets critical traction. If the…

I was one of the first people to join /r/bitcoin, and was banned years later, after the block size debate started, for being on the large block side.

Hearn is right. The wider world simply doesn't know how dysfunctional Bitcoin is, mostly because of the censorship taking place on the main communication channels. You will literal…