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0 sats \ 1 reply \ @SimpleStacker 4h \ parent \ on: A Critique of Black Box Economics econ
I'd argue though that the incompetence of government workers has less to do with their methodology and more to do with the incentive structures inside government
No, because any analyst worth their salt understands that black box predictive models aren't going to be as accurate or useful in scenarios not seen in the training data. Thus, when faced with entirely new situations you'll rely less on a black box predictive model and more on deductive reasoning.
My problem is with any kind of absolutism in claims regarding methodology. Methodology should be chosen to suit the task. Whether you want accurate predictions, interpretability, or something else, depends entirely on the task
IMO you have the right strategy.
My guess is that his first objection is some variant of "greater fool theory" which is itself a variant of "no inherent value." Essentially, he believes that you only make money on Bitcoin by buying it low and dumping it at a higher price.
To try to move the needle, I might say something like,
"I believe you're thinking about Bitcoin wrong. You are seeing it as an asset, but I am arguing that it is better understood as money." ... and see where the conversation goes from there.
What transactions do you see on each side? Has Swan been making unauthorized withdrawals? Or simply they they've been withdrawing from your savings account when it should have been checking?
It seems to me that progressives are digging themselves deeper and deeper into cognitive dissonance because otherwise they'd have to admit that they elected and enabled one of the most incompetent, authoritarian, and war-mongering regimes in recent memory.
Do you have a direct channel to Stacker.News lightning node?
I wrote a beginner guide here: #723978
40 sats \ 3 replies \ @SimpleStacker 20 Nov \ parent \ on: Chaos in the Senate Yesterday Politics_And_Law
So, wait, do Republicans want to be present or absent? Politics is complicated.
Would have been interesting to see this normalized to population, and also going back to the 70s when the "war on drugs" started
Yeah... I was a Physics major in college but went to grad school for Econ. I never regretted switching fields until SpaceX came along and reignited my imagination for physics!