Message from @JohnOakman
Discord ID: 511562386725928971
Economizing means the allocation of scarce resources. Scarcity is one of the most basic human conditions. And if it is a resource that is truly important, like health care, that is all the more reason to economize it.
Economy means that you allocated resources and do so most efficiently that you can manage, which is usually by demand.
If you triage a bunch of patients - you are economizing the limited resources of an ER, for example.
That's why government has a monopoly on protection, instead of a free market.
Profit and markets are the best mechanism we have found to allocate limited resources. If it's an important resource, that is only more reason to economize it.
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Sowell is a socialist.
i see
It reminds me of the often used phrase "How do you put a price on art"?
Well ... the same way you put a price on anything.
Prices do not fall from the sky.
What about the environment?
Chapter I linked is about autism, worth a listen.
Two goods having about the same price means that, by and large, people would exchange these goods for each other. It means they have roughly the same value.
Interpersonal comparisons of value are logically invalid.
how do you put a price on art? starve the artist to death, that increases the "value" of their art.
Now, if you want to "put a price on art", just tell me what you would exchange for a given painting. If you would trade a bunch of soup cans - that's what it's worth. If someone is willing to spend a million on it - that's what it's worth.
Okay, then...
The nominal value we print on currency is arbitrary. If you added a zero to all of our dollar bills, our economy, after some hiccups perhaps, would roughly settle for good A and good B having the same price after if they did before.
True art is an explosion
^
They don't add zeros, they add bills, for themselves.
The Muslims get it.
^^^
Who said it was anime?
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❤
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now this I wanna se
Ojeda V Trump will be eeppiiiiiccccc
@Undead Mockingbird the hell is all that nonsense?
ugh