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by lone_haxx0r
2542 days ago
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> Why? The market is dumb (in a technical sense). The state is constantly monitoring and adjusting. The market is relatively 'dumb', but its decisions are based on human expectation and applied peacefully through voluntary transactions. The state is relatively 'dumb' too, but it's also evil most of the time, and its decisions use violence to be committed. Also, when the market is wrong, some people may lose money (specially those that were the most wrong), but the system corrects itself. When the state is wrong, the error accumulates because the system can't self-correct. >It’s like saying you trust a car with a brick on the accelerator over a self drive Tesla. The market is much like a machine learning algorithm. I say the market is the Tesla AI and the state is a drunk driver. |
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