Message from @JohnOakman

Discord ID: 511562386725928971


2018-11-12 15:20:25 UTC  

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.

2018-11-12 15:20:51 UTC  

Economy means that you allocated resources and do so most efficiently that you can manage, which is usually by demand.

2018-11-12 15:21:12 UTC  

If you triage a bunch of patients - you are economizing the limited resources of an ER, for example.

2018-11-12 15:21:35 UTC  

That's why government has a monopoly on protection, instead of a free market.

2018-11-12 15:21:37 UTC  

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.

2018-11-12 15:21:45 UTC  

Error 404 news not found

2018-11-12 15:22:00 UTC  

<:NPC:500042527231967262>

2018-11-12 15:22:43 UTC  

Sowell is a socialist.

2018-11-12 15:22:56 UTC  

i see

2018-11-12 15:23:54 UTC  
2018-11-12 15:24:17 UTC  

It reminds me of the often used phrase "How do you put a price on art"?

2018-11-12 15:24:25 UTC  

Well ... the same way you put a price on anything.

2018-11-12 15:24:29 UTC  

Prices do not fall from the sky.

2018-11-12 15:24:43 UTC  

What about the environment?

2018-11-12 15:24:58 UTC  

Chapter I linked is about autism, worth a listen.

2018-11-12 15:25:02 UTC  

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.

2018-11-12 15:25:39 UTC  

Interpersonal comparisons of value are logically invalid.

2018-11-12 15:25:41 UTC  

how do you put a price on art? starve the artist to death, that increases the "value" of their art.

2018-11-12 15:25:42 UTC  

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.

2018-11-12 15:26:17 UTC  

Kill him first

2018-11-12 15:26:45 UTC  

Okay, then...

2018-11-12 15:26:59 UTC  

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.

2018-11-12 15:27:08 UTC  

True art is an explosion

2018-11-12 15:27:22 UTC  

^

2018-11-12 15:27:25 UTC  

They don't add zeros, they add bills, for themselves.

2018-11-12 15:27:29 UTC  

The Muslims get it.

2018-11-12 15:27:39 UTC  

^^^

2018-11-12 15:27:48 UTC  

Who said it was anime?

2018-11-12 15:29:57 UTC  

animuuuu

2018-11-12 15:30:14 UTC  

desu desu

2018-11-12 15:30:18 UTC  

kawwaaaaaiiiii!

2018-11-12 15:30:20 UTC  

2018-11-12 15:30:25 UTC  

soooooooooooo desu neeeeeeeee?!

2018-11-12 15:30:33 UTC  

desu desu desu desu

2018-11-12 15:30:41 UTC  

fuuuucckk yeah

2018-11-12 15:30:43 UTC  

now this I wanna se

2018-11-12 15:30:51 UTC  

Ojeda V Trump will be eeppiiiiiccccc

2018-11-12 15:31:04 UTC  

@Undead Mockingbird the hell is all that nonsense?

2018-11-12 15:31:52 UTC  

ugh