The same page doesn’t mean we’re in total agreement. It means we understand the ‘gist’ of each other now and aren’t reading from different books.

The same page doesn’t mean we’re in total agreement. It means we understand the ‘gist’ of each other now and aren’t reading from different books.

Measuring the exchange value itself as a bidirectional ‘thing-in-itself” disassociated from product or service is probably what makes the whole field fascinating.

-=—

Looking at other economies that are worse doesn’t make our economy better.

“Wait and see” can be dangerous particularly when bad things are happening around you. It’s like being a horse wearing blinders when the barn is on fire.

Steven Mnuchin is a fan of a “weak dollar”.
—-

He has said so on numerous occasions. I’m not sure what style of economics that is but I do know he was known for his foreclosure actions during the 2007/2008 mortgage crisis, so he may understand a falling economy better than a rising one. That’s all I can figure.

—-

Talk about what’s strong about what we’re doing or should be doing.

IF I want to turn a screw, you can tell me not to use a hammer as it’s not very effective. You can also tell me to not use a glass of water as it’s not very effective.

But stopping there and not saying what TO do, isn’t very useful.

====

I’m the scientist, the large thing is my 6.5 yr old nephew, and my 8 yr old niece joined in from her phone as well. They live here.

With the kids all home from school permanently for the rest of the year (school is cancelled for the year, everybody automatically passes for the next year, no testing or grades – all quite bizarre), I’ll be doing having to avoid him a lot – as 6.5 yr olds will play with you ALL DAY LONG.

Time isn’t money but we can assign it that role and we collectively do. Time is a measurement of change. Spending time playing with kids doesn’t make money today. But it makes for a better society in the future if done right.

The thing about this kind of investing – investing in people, investing in character, investing in a sense of safety and comfort and trust – is these values (see what I did there? – changing definition for value) can grow of their own accord with each interaction, whether you’re there or not.

One bad event can be a cancer that grows or a fracture that won’t heal.

But a lot of little good interactions add up. Multiple. Exponential. Who knows how to model it? But they’re usually very small. So it takes a lot of them.

Ok, that was my off topic thing.

——

Fake time is the value of the 40 hour work week. Real time is that half hour spent playing with the kid.

====

Ah. I see the disconnect. When the post says “TIME IS FAKE”, she’s talking about things like deadlines, assigning importance to arbitrary dates and times whereby work-must-be-accomplished-by a time.

SOMETIMES there are real deadlines that are actually important.

But they’re at a far smaller percentage than the things we regularly assign as deadlines.

====

“You have to get this project done by Friday.”
_why? Do you need to use it for something?_
“No, that’s just when I want you to do it by.”

That’s what fake is.

===

In _fact_, Jes, the answer is sitting right in the word itself.

Business.
Busy-ness.
Busy ness.

Work is fake. Time is Fake.
Busy work. Busy Time. Filling time. Killing time.
etc.

I’ve done a lot of office work. A lot of what you do is arbitrary busywork. A little is significant. Most is not.

I’m not stopping anybody from spending their time how they like.

====

 

This situation with the virus has stopped time. Workplace time. Business time. Busy work time.
 
Stripping us to less than we’re accustomed to for the moment.
 
It is workplace time she is talking about. The ebb and flow of capitalist time -that apparently starts falling apart with just a few days not working right.
—–
 Right now? Time is NOT money. Time is time.
—–
It has for decades. Instant skepticism upon reading a theme of “Since 2016, [x] thing got worse and it’s up to [y] to fix it”.Author’s got interesting background:Secondary School Attached to the Embassy of the Russian Federation, Hellenic Republic
High School Diploma
2013 – 2020Basically, it’s modified George Soros – author writes about their modification to his ideas.Short of it: Nothing wrong with a Soros model but part of it is encouraging and profiting from well placed bits of chaos that utilizes the emotional investing of people, tendency to get cocky and upset alike, etc.https://www.linkedin.com/in/sukhayl-niyazov/
——
 Contrast from 2015: which focuses on RATIONAL economics, which is a totally different base than modified Soros, which is emotional based.
—-
Stretch back to 1994 – and THIS paper talked about AI changing economics towards DECENTRALIZED economies, in contrast to a 2015 focusing on RATIONAL investing and a 2020 paper focusing on AI’s opportunity in emotional investing.
 
Artificial Intelligence and Economic Theory
Nicolaas J. VRIEND*
 
Santa Fe Institute
 
Abstract. Recently, economists have shown a rapidly growing attention for the field of artificial intelligence (AI). This contribution does not discuss the technology of AI, or its applications to econometrics, business. finance or management. Instead, we explain the signi ficance of AI for economic theory; in particular for the theory of decentralized economies.
 
https://pdfs.semanticscholar.org/83fc/7c792521fc052b881130595f8f4d13778f40.pdf

—-

I love reading similar articles written far apart in time when talking about THE FUTURE.
 
It’s a great way to see how they projected and helps look at at TODAY’S future projection with a rational and skeptical head.
—-
 Realities are starting to shift. It all depends on where you live and what your government and corporations are doing about this in response.In Florida, all bars and nightclubs are closed for 30 days now.
All school buildings are shut down until April 15th to be reassessed.School is cancelled state wide. Everybody passes to the next year. NO grades. No tests happening. It’s over.Restaurants have to cut capacity in 1/2 and I’m expecting that to get smaller.Lost jobs all over here too, including in this house.What to do?This is where governments and corporations step in. As America is run by corporations more than governments, most internet and phone companies will not shut anybody off for 60 days. Same with electric.

SO that’s several things where time has stopped or paused for now.

School, internet bill, phone bill, electric bill, all paused.

—–
People in HUD homes can’t be evicted for now. Late fees are being eliminated. Deadlines stopped for now. Time stopped for now.
—-
 They can’t get it. They’re not losing what they can’t get. They simply don’t have.It’s up to those who are asking them for money: landlords / mortgage companies, food providers, service providers, to reassess what to do.
—-
 You cannot earn what is not there. It’s simply gone.
—-
 Not really. Run a company. Almost all are “Just in time”. Without business happening, they run out of money quickly. Most run on credit.No worker, no business. No business, no money.
—–
 98% of US businesses have under 20 employees. Yes, they can run out in a week or two.
—-
 To be pedantic: 89% of US businesses have 20 employees or less. But if you include non-payroll workers – 1099 instead of W2 only – – that jumps up to 98%.For employee-only, not including 1099s,
“Firms with fewer than 500 workers accounted for 99.7 percent of businesses. Firms with fewer than 100 workers accounted for 98.2 percent.”

Profit margins for most businesses is not that high. There’s simply no margin for stopping suddenly for a day or week or two.

====
 Your challenges help me get my own arguments and statements stronger, so I appreciate these conversations.
====

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