Maybe this is a 'Western World' problem, but most studies of economics focus on the mechanics of that arbitrage and most schools of Economic thought assume our ground state of existing laws and agreements and hoarding driving those mechanics are the only way things can work. (See also, 'Austrian' and 'Chicago' schools of Economics.)
But when I say, "Economics is the study of resource allocation," I am not including those assumptions in the statement. I assume a more *fair* #economy is possible.
Here's the thing: not all resources are scarce. And, by definition, there is no need to allocate abundant resources – everyone already has all they need.
However, the real world is not homogeneous or fair. Resources might be abundant in one place and not in others. They can be *made* scarce by various means: through laws or agreements or just one person hoarding all of it.
So, while scarcity might underlie Economics, the scarcity might be *created* to enable arbitrage not *naturally* possible.
While reading an article I came across someone describing Economics as, "The study of things that are scarce."
I'm of two minds about this. First, like anything I find overly reductionist, this elevator pitch one-liner offends me. (I won't explore that more here.)
But, secondly, it made me think a bit and I realized it wasn't actually correct, but could be restated in an equally reductionist – but more correct – way: "Economics is the study of resource allocation."
Notice 'scarcity' is gone?
> Hiking Is an Ideal Structure for Friendship. “Without this hike… it would have been one of those college friendships where you get together and talk about the old days.” https://www.theatlantic.com/family/archive/2021/02/hiking-ideal-structure-friendship/618066/
I'm a huge fan of hiking, both as a solo activity and as something done in groups. One of the reasons I live where I do is the, literally, hundreds of trailheads within a half-hour of my house.
Go for a hike. Take some friends.
Yet what drives me crazy about this isn't people believing something impossible; I can accept that.
No, what really sets me off are two things:
1. Every con game, get rich quick scheme, and political movement take advantage of this human quirk
2. The human quirk in question is *itself* a complex problem we cannot solve
Meaning a great number of the world's problems stem from assholes and even well-meaning folk leveraging human gullibility.
*And there is nothing we can do about it.*
It's very much a part of the #HumanCondition to believe there are *solutions* to complex problems. That, if we just do these things or fund that program or somehow retarget our lives along some new path we can make something dragging us down go away.
Thing is? It's all wishful thinking and bullshit. We cannot *solve* complex problems; at best we can change them into *different* complex problems. It doesn't matter how hard we work or how much money we throw at it or how much we change.
Was supposed to rain this morning, but has not so far. As a result I started working a couple of small projects outside, while expecting the rain to interrupt. Because that's how it works, right?
In other news, I'm deep-cleaning and doing a bit of maintenance on my propane grill. Something I should have done last fall. I need to clean the charcoal grill as well, but that's an easier – if a bit messier – project.
Plus I only use charcoal when I have enough people over to justify the extra work.
> Boom Supersonic: 'Anywhere in the world in four hours for $100'. https://www.cnn.com/travel/article/boom-supersonic-four-hours-100-bucks/index.html
There is a lot of #stupid required to believe this pitch. They are even claiming the $100 cost covers externalities like carbon emissions!
Sure, some aspects of #aerospace technology have gotten cheaper, but it's not like microchips and Moore's Law – we are not seeing AND WILL NOT SEE orders of magnitude decreases in aircraft manufacturing, safety, and maintenance costs. Much less fuel.
One more followup: The Wikipedia entry for Bob Ross shows *clear* signs of being scrubbed by someone familiar with PR. And yet the talk page is rather empty. https://en.wikipedia.org/wiki/Talk:Bob_Ross
To find the dirt I usually check the history page. And THAT one is quite busy… https://en.wikipedia.org/w/index.php?title=Bob_Ross&action=history
And yet even the history mostly avoids the controversial points of Ross' life and career. Nor is there a 'controversies' section in the article.
When you learn, even the Bob Ross story is one of backstabbing, deceit, and untrammeled greed.
Money just kinda fucks everything up, doesn't it?
Zombie Bob Ross…
> Sex, Deceit, and Scandal: The Ugly War Over Bob Ross’ Ghost. https://www.thedailybeast.com/sex-deceit-and-scandal-the-ugly-war-over-bob-ross-ghost
I'm seeing a LOT of pushback in the news to the new CDC guidance on mask wearing for vaccinated people. Only most of it isn't about the science – it's about a lack of trust in people. That un-vaccinated folk would use it as an excuse to not wear masks themselves.
And, yeah, given what we've learned about #COVID19 deniers and people refusing to wear masks already, this is a valid fear.
But let me add this: do you actually think those fucking assholes NEED THE EXCUSE from the CDC?
> Washington State Removes All Barriers to Municipal Broadband. https://ilsr.org/washington-state-removes-all-barriers-to-municipal-broadband/
Yay! And also yay!
1. We can expect Big Cable to start major lobbying operations in smaller towns
2. It probably won't help me personally
Related to (2): Still haven't heard *anything* from #Starlink. And the opaque way they are operating gives me concern for future customer service interactions when and if they ever get around to me.
Would it kill them to do a monthly email full of PR?
> Inside the War Between a UFO Influencer and Alien-Friendly Streaming Company
CHARISMATIC COLLAPSE? The UFO community has exploded in lawsuit drama invoking ‘Luciferianism,’ deep state villains and benevolent blue aliens.https://www.thedailybeast.com/ufo-community-explodes-in-lawsuit-drama-accusations-of-luciferianism?ref=home
Holy fuck is there a lot of crazy happening here.
The TL;DR? A guy is suing an Internet streaming company at least partially because they are making up crazy shit based on the crazy shit he previously made up. But that doesn't cover the half of it!
> Hundreds of bodies found buried in shallow graves along Indian riverbanks. Rains exposed the cloth coverings of bodies buried in shallow sand graves on the riverbank in Prayagraj, a city in Uttar Pradesh state. https://www.nbcnews.com/news/world/hundreds-bodies-found-buried-shallow-graves-along-indian-riverbanks-n1267518
The known extent of the #COVID19 disaster in India is horrifying. Inconceivable.
Except it's becoming more and more clear the 'known extent' may be that part of the iceberg above the surface.
I keep telling people newer != better for every value of newer.
Sometimes newer really can be better. (See Rust vs C.) But more often it's just another example of Dunning-Kruger syndrome.
Y'know what? I love IMF/MIME.
Sure, it's got line-length limits (thanks, SMTP), and the headers are restricted to US-ASCII ... I admit, it's old and could use a bit of freshening-up. But goddamn it, every company in the world is trying to implement some stupid bespoke JSON format for messaging these days. and they're all weird and incompatible and ALL THE WHILE, there's your good buddy e-mail, being super general-purpose, delivering plain text, rich text, and binary messages FOR DECADES.
Home late after a long day.
Drove to Larrabee state park, near Bellingham, to meet up with a friend and do a hike on Chuckanut mountain. (That's actually the name of the mountain. The road running along the coast below is 'Chuckanut Drive'. S'truth!)
Was a good hike and afterwards we ate dinner in Fairhaven (south Bellingham) before I headed home. On the way back I passed a horrible wreck between a county sheriff's car and a civilian vehicle on SR 530.