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0 pointslisper2y ago0 comments

> there could be incentives to hoard/save it

Yes -- for a while. Not forever. This is a feature, not a bug. Hoarding/saving for short periods of time (relative to human life spans) is a good thing. It helps damp out transients. Hoarding/saving for long periods of time is bad because it discourages people from taking risks by putting resources to productive use.

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tiredofleftist2y ago

Some leftists always saied that (i'm tired of): "Hoarding/saving for long periods of time is bad." and call themselves up, "because it discourages people from taking risks by putting resources to productive use."

I think that named a problem.

Think about something like "Measurement Importance" in terms of the "level of competence in the handling of the vehicle", so to speak ?

So how is your MI as high roller ? Think some people have not only accounts for that, but alghorithms, nor ? ^^

lottin2y ago

The idea that people need to be encouraged to consume (consumption being the opposite of saving) I don't think is supported by economic theory.

lisperOP2y ago

> consumption being the opposite of saving

No. The opposite of saving is spending. You can spend on capital as well as consumption. Inflation only devalues cash, i.e. money you keep in your mattress. You can avoid inflation by either consuming or investing, both of which help keep the economy humming along.

lottin2y ago

Maybe 'spending' is a better word, yes. However, 'consumption' isn't entirely inaccurate. Investment is the production of capital goods, and the production of capital goods involves consumption.

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0 pointslisper2y ago0 comments

> there could be incentives to hoard/save it

0 comments

tiredofleftist2y ago

I think that named a problem.

Think about something like "Measurement Importance" in terms of the "level of competence in the handling of the vehicle", so to speak ?

So how is your MI as high roller ? Think some people have not only accounts for that, but alghorithms, nor ? ^^

lottin2y ago

The idea that people need to be encouraged to consume (consumption being the opposite of saving) I don't think is supported by economic theory.

lisperOP2y ago

> consumption being the opposite of saving

lottin2y ago

Maybe 'spending' is a better word, yes. However, 'consumption' isn't entirely inaccurate. Investment is the production of capital goods, and the production of capital goods involves consumption.

1 more reply

j / k navigate · click thread line to collapse