When Everything That Counts Can’t Be Counted • Hacker News Board

Re: When Everything That Counts Can’t Be Counted

#51

Post by spinchange » Tue, Jun 18, 2019, 3:44 PM UTC

"This question is being answered on Wall Street every day, even if the participants are not aware of it."

This is basically the deal with MMT too. We talk about the defacto status quo reality like it's a hypothetical and not actually describing current unstated practice. "What happens" is what's happening right before our eyes. The question, as always, is for how long it will last. It's been >20 years of saying "this isn't normal," so when is it?

Re: When Everything That Counts Can’t Be Counted

#52

Post by simonebrunozzi » Tue, Jun 18, 2019, 9:25 PM UTC

> "You don’t go home to Greenwich from your Park Avenue office in a good mood when the market makes it a point to remind you of how vestigial your skills have become, day after day after day."

This is poetry.

Re: When Everything That Counts Can’t Be Counted

#53

Post by vlovich123 » Sun, Jun 23, 2019, 12:03 AM UTC

elcomet wrote: post #2

> This is why Uber is worth more than all of the auto makers and taxi companies that own their own fleets of cars. I think this is bullshit. Uber may be worth more than auto makers, but this is a bubble and will not last (unless uber manages to create an autonomous taxi service in the next few years). They were just lucky and intelligent enough to get around regulations, but regulations are catching them. Uber's tech…

Isn't the reason it's worth more because they figured out a way to grow the pie? The amount of people using taxi services has exploded due to Lyft & Uber (reliable ondemand, good customer service, low prices, etc). Similarly many people in cities are forgoing car ownership due to these on demand taxi services. So no, not obvious it provides much less added value.