Intelligence and radical economic attitudes • Hacker News Board

Re: Intelligence and radical economic attitudes

#161

Post by hirvi74 » Wed, Sep 21, 2022, 6:21 PM UTC

marketerinland wrote: post #126

hirvi74 wrote: post #120

Earlier quoted context omitted.

I am not sure what is defined as "financial success," since it appears to be something one can be born into regardless of IQ. In regards to income, I briefly skimmed the Wikipedia section for IQ and Income, which can be found here: https://en.wikipedia.org/wiki/Intelligence_quotient#Income "Highly correlated" would not be the choice of words I use to describe correlations between (0.23 - 0.5). We, as people, should c…

Maybe you’re not familiar with how correlation is reported, but 0.23-0.5 is very high.

I think I am hung up on semantics.

If 0.23-0.5 correlation is "very high" then what is 0.7-0.9? Would r >= 0.7 be literal causation at that point for psychologist? (I'm kidding, of course)

Again, I am not saying that a correlation of 0.23-0.5 is statistically insignificant by any means. I just think I needed "very high" to be coupled with "for psychology."

Re: Intelligence and radical economic attitudes

#162

Post by hirvi74 » Wed, Sep 21, 2022, 6:24 PM UTC

political12345 wrote: post #135

hirvi74 wrote: post #120

Earlier quoted context omitted.

I am not sure what is defined as "financial success," since it appears to be something one can be born into regardless of IQ. In regards to income, I briefly skimmed the Wikipedia section for IQ and Income, which can be found here: https://en.wikipedia.org/wiki/Intelligence_quotient#Income "Highly correlated" would not be the choice of words I use to describe correlations between (0.23 - 0.5). We, as people, should c…

> Highly correlated" would not be the choice of words I use to describe correlations between (0.23 - 0.5). lol, this range is 0.5 to 0.7 variance explained (R squared) which is an insane value. in typical social studies a correlation of > 5% is considered a major improvement. In finance a correlation or > 1% is considered amazing. You are either a hyper-intelectual drinking Taleb's kool-aid or simply don't know what…

> a hyper-intelectual

Very far from it. I'm just an idiot with Internet access.

> drinking Taleb's kool-aid

I do agree with some of what he has said about IQ, but I am not well-versed in any of his other writings.

> simply don't know what you are talking about

Perhaps, but I am still not convinced.

Re: Intelligence and radical economic attitudes

#163

Post by astrange » Wed, Sep 21, 2022, 6:25 PM UTC

WalterBright wrote: post #116

astrange wrote: post #109

Earlier quoted context omitted.

If you didn’t have regulations you wouldn’t be able to consume or produce any modern product. It’s not worth making electronics if your users all have randomly shaped random voltage power sockets installed by whoever built their house, uncontrolled RF emissions, and want to pay you in private bank currencies you can’t spend. This is an example of the article - libertarianism requires people to replace how things actu…

> It’s not worth making electronics if your users all have randomly shaped random voltage power sockets installed by whoever built their house, And yet nearly all electronics standards arose through voluntary cooperation. Ever notice the USB socket on your computer? The audio jack? The HDMI port? etc. Did you know that Edison standardized the Edison lightbulb socket, not the government? > uncontrolled RF emissions, A…

> And yet nearly all electronics standards arose through voluntary cooperation. Ever notice the USB socket on your computer? The audio jack? The HDMI port? etc. Did you know that Edison standardized the Edison lightbulb socket, not the government?

How do you know the USB shaped sockets on your chargers are actually implementing USB, and not something that either doesn't work or burns your house down? It's partly private enforcement and partly customs blocking imports of things found to be dangerous, but you didn't ask customs to do that.

> Again, the free market does not allow one to interfere with other peoples' property.

This seems like a posthoc principle but isn't proven to be one you could actually build a working government on. ie you're saying "private standards are fine" and "this principle can replace FCC radio regulation", but a government only implementing the NAP is just as capable of banning your "private standards" by declaring them harmful. USB is a kind of cartel after all, it's just one we happen to like.

> BTW, we still mostly use PRIVATE BANK CURRENCIES all the time! Amazing, but true. They're called credit cards, bank checks, paypal, venmo, wire transfers, money orders, cashier's checks, etc. Even store coupons are private currency.

Yes, and why isn't that a problem? Because all those private dollars magically have 1:1 exchange rates to other kinds of dollars. That doesn't happen on its own.

(There are other currencies in the world, and currently a bunch of private ones like stablecoins, and you can read in Matt Levine about how they're constantly blowing up and losing investors' life savings and the inventors are on the run from Interpol.)

Re: Intelligence and radical economic attitudes

#164

Post by aeternum » Wed, Sep 21, 2022, 6:55 PM UTC

WalterBright wrote: post #71

aeternum wrote: post #61

Earlier quoted context omitted.

Much of the most heavily polluted land in the US is privately owned, so I don't see how that eliminates the issue. I'd be much more concerned with issues like groundwater contamination, seeping gasses, and toxic waste dumping.

> groundwater contamination, seeping gasses, and toxic waste dumping Are all not allowed in a free market. A free market does not condone damaging other people or their property. BTW, US military bases are on some of the most polluted ground because they polluted it.

How would aviation, water-rights, or even building a railroad/tunnel work in your pure free market society?

Can factories actually exist without 'damaging' the air or water runoff to other people's property?

Re: Intelligence and radical economic attitudes

#165

Post by WalterBright » Wed, Sep 21, 2022, 7:04 PM UTC

Test0129 wrote: post #150

WalterBright wrote: post #116

Earlier quoted context omitted.

> It’s not worth making electronics if your users all have randomly shaped random voltage power sockets installed by whoever built their house, And yet nearly all electronics standards arose through voluntary cooperation. Ever notice the USB socket on your computer? The audio jack? The HDMI port? etc. Did you know that Edison standardized the Edison lightbulb socket, not the government? > uncontrolled RF emissions, A…

> Banks solved that problem long ago. The free banking system worked. BTW, we still mostly use PRIVATE BANK CURRENCIES all the time! Amazing, but true. They're called credit cards, bank checks, paypal, venmo, wire transfers, money orders, cashier's checks, etc. Even store coupons are private currency. To reiterate this point the current US dollar is a private dollar issued by a private bank and funded (essentially) b…

> the current US dollar is a private dollar issued by a private bank

LOL. The Federal Reserve System is a sham "private" bank used to get around the Constitution that does not empower the government to print money.

You should check to see who appoints the people that run the Fed.

Re: Intelligence and radical economic attitudes

#166

Post by paganel » Wed, Sep 21, 2022, 7:14 PM UTC

nh23423fefe wrote: post #160

paganel wrote: post #156

Earlier quoted context omitted.

Yes, pure 100% libertarianism results in people dying in the streets because of no medical services, pure 100% communism results in people dying in internment camps. This is if we want to talk about economics, but we can extend that view to lots and lots of other fields. The onus is on the other side, to show that an evangelical "there is only one truth" thing really works.

thanks for providing evidence for my claim that most people's "views" are actually just barren husks without content.

Communism ended up putting people in internment camps, and I say that as a person that has leaned left more and more these past few years, libertarian-like policies have most likely gotten people killed or, at least, threw them in an unmanageable debt-spiral (like we currently now have in the US), and I say that as a former libertarian (yes, one could say that there's no true "libertarian" health market in the US, and that would be correct, but even the concept of a "health market" is libertarian per se).

I honestly don't know what you want me to say that would have more "content" than this.

Re: Intelligence and radical economic attitudes

#167

Post by WalterBright » Wed, Sep 21, 2022, 7:17 PM UTC

astrange wrote: post #163

WalterBright wrote: post #116

Earlier quoted context omitted.

> It’s not worth making electronics if your users all have randomly shaped random voltage power sockets installed by whoever built their house, And yet nearly all electronics standards arose through voluntary cooperation. Ever notice the USB socket on your computer? The audio jack? The HDMI port? etc. Did you know that Edison standardized the Edison lightbulb socket, not the government? > uncontrolled RF emissions, A…

> And yet nearly all electronics standards arose through voluntary cooperation. Ever notice the USB socket on your computer? The audio jack? The HDMI port? etc. Did you know that Edison standardized the Edison lightbulb socket, not the government? How do you know the USB shaped sockets on your chargers are actually implementing USB, and not something that either doesn't work or burns your house down? It's partly priv…

> are actually implementing USB

Preventing fraud is a proper function of a free market government.

> Because all those private dollars magically have 1:1 exchange rates to other kinds of dollars

No, they don't. Credit cards have a 3% fee tacked on. Paypal does, too. Money orders do. Travelers' checks do. Wired money does. All of them do.

> losing investors' life savings

The government's job in a free market is to protect people from fraud. I've said this a dozen times in this thread. You can stop now bringing up more cases of fraud, as it won't help your case.

Re: Intelligence and radical economic attitudes

#168

Post by palmetieri2000 » Wed, Sep 21, 2022, 8:24 PM UTC

WalterBright wrote: post #159

palmetieri2000 wrote: post #142

Earlier quoted context omitted.

By what metric is the US market free? I find it difficult to believe that it would be considered anything other than in a state of regulatory capture.

> By what metric is the US market free? You can start any business you like. People do it all the time.

No you cannot... Crack, heroin, firearms, sex work.

There is a massive list of things one cannot start a business doing in the US. Why would you say such nonsense?

Re: Intelligence and radical economic attitudes

#169

Post by palmetieri2000 » Wed, Sep 21, 2022, 8:26 PM UTC

WalterBright wrote: post #157

palmetieri2000 wrote: post #140

Earlier quoted context omitted.

>It's why Americans live the highest standard of living in the world. Some Americans*, and far fewer than those that have some of the lowest standards of living in the world. And the US has greater wealth disparity than many other countries with living standards many would argue are at least equal. Altruism isnt necessary, education is. Education teaches people that the best way to prevent the most harmful acts in so…

America's crime is due to drug abuse and the government not enforcing criminal laws. People aren't stealing food to eat, they're stealing alcohol and anything they can sell to buy drugs. Americans have the highest standard of living in the world. That's why the poor from everywhere are trying to get into the US. Do you watch the news about all those migrants pouring over the border?

Okay you're officially a moron!

Every single point you make completely lacks consistency, truth, and reality. You just regurgitate shit you don't understand.

Re: Intelligence and radical economic attitudes

#170

Post by palmetieri2000 » Wed, Sep 21, 2022, 8:29 PM UTC

nickpp wrote: post #146

palmetieri2000 wrote: post #140

Earlier quoted context omitted.

>It's why Americans live the highest standard of living in the world. Some Americans*, and far fewer than those that have some of the lowest standards of living in the world. And the US has greater wealth disparity than many other countries with living standards many would argue are at least equal. Altruism isnt necessary, education is. Education teaches people that the best way to prevent the most harmful acts in so…

> Altruism isnt necessary, education is. Communists tried so hard to educate us into the "New Man". For the betterment of all mankind, of course. Of course, ignoring human nature tuned the whole "experiment" into a huge, predictable failure.

And seeing Soviet Russian Communism as the only possible form of socialism is shortsighted and foolish.