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Jordan Gunderson
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8 months ago
in Open High School of Utah on Windley's Technometria
That's sound's like a fun and exciting project. I signed up as a volunteer.
1 reply
Phil Windley
Thanks! That's what will make this work.
8 months ago
in I'm Voting for the Conservative Candidate--If I Can Find Him on Windley's Technometria
@ Michael B. That's a pretty bad litmus test. Would you pay a lot of money for something that didn't benefit you? Only when the government makes you. :)
Sure, there are some people that make way too much much money, but the market already punishes that. It also punishes companies that pay employees way too little.
Point: the free market is the best regulator there has ever been or ever will be, and frankly, government is among the worst. If you want scarce resources (including people) to be allocated to their best uses, let free market economics allocate them for you.
Sure, there are some people that make way too much much money, but the market already punishes that. It also punishes companies that pay employees way too little.
Point: the free market is the best regulator there has ever been or ever will be, and frankly, government is among the worst. If you want scarce resources (including people) to be allocated to their best uses, let free market economics allocate them for you.
1 reply
Michael R. Bernstein
Not sure where you were going with your comment on the litmus test. The correct answer is either 'both are only rough approximations' or 'it depends' (for example, income from inherited wealth should probably be treated differently).
Punishment by the market can take too long, leading to more violent corrections. For example, the current correction is indirectly (and partly) due to long-term wage stagnation in the US (increased home ownership by various means was pushed as a substitute). Wage stagnation is primarily due to competition among companies for short-term profitability, when the market and the economy as a whole would likely have been better served by higher wages and less consumer debt. Meanwhile, the market punished any company that individually pursued the correct long-term strategy.
It turns out that the maxim 'the free market best allocates scarce resources' has many hidden assumptions and simplifications, such as a lack of externalities and symmetrical information. At the very least, markets themselves need to be regulated to better approximate those assumptions, or we get market failures, and I would say that a market that continues to reward CEOs of failing companies in collapsing industries is failing, and taking the rest of us down with it.
Yes, regulating markets can create the problem of regulatory capture, but we have that problem anyway, and it's evil twin 'deregulatory capture'. The answer is greater transparency (the primary role of regulation, in my opinion).
Punishment by the market can take too long, leading to more violent corrections. For example, the current correction is indirectly (and partly) due to long-term wage stagnation in the US (increased home ownership by various means was pushed as a substitute). Wage stagnation is primarily due to competition among companies for short-term profitability, when the market and the economy as a whole would likely have been better served by higher wages and less consumer debt. Meanwhile, the market punished any company that individually pursued the correct long-term strategy.
It turns out that the maxim 'the free market best allocates scarce resources' has many hidden assumptions and simplifications, such as a lack of externalities and symmetrical information. At the very least, markets themselves need to be regulated to better approximate those assumptions, or we get market failures, and I would say that a market that continues to reward CEOs of failing companies in collapsing industries is failing, and taking the rest of us down with it.
Yes, regulating markets can create the problem of regulatory capture, but we have that problem anyway, and it's evil twin 'deregulatory capture'. The answer is greater transparency (the primary role of regulation, in my opinion).
11 months ago
in Using bit.ly with MovableType on Windley's Technometria
"I find that I get more readers [through Twitter updates] than RSS or my newsletter at this point."
I would have never guessed that.
I would have never guessed that.
1 reply
Phil Windley
Yeah, me neither.
1 year ago
in Google Bullies Blogger to Surrender “GoogleAppsEngine.com” on Stay N' Alive
IMHO, your friend is in clear violation of a trademark. Something like AppEngineHelp would be less offensive since it's not likely to be confused with the real deal, and I can see why they might let something like that go. If I were Google, I would have done the same thing --after asking nicely, of course. :)
1 reply
jessestay
You may be right Jordy. I wish Google could have been nicer about it
though.
though.
1 year ago
in True Grassroots Politics on Windley's Technometria
Phil - Thanks for helping keep our representatives honest. I ran and won a seat for county delegate in PR25 and plan on doing the same.
1 reply
Phil Windley
Cool. That's good.
