Hacker News new | ask | show | jobs
by cryptica 1509 days ago
This hits the nail on the head. Also, all the money-printing creates extreme market distortions, inequality and injustice. It greatly increases the role of luck and social connections in financial success (due to Cantillon effects) and therefore those who end up at the top, blinded by their extreme survivor bias, tend to be overly optimistic about reality and so they are among the worse qualified to be making complex decisions on a global scale which affect the majority (who are non-outliers by definition)... I doubt anyone is qualified to be making those decisions, let alone extreme outliers who don't fully understand the magnitude of the problems.
1 comments

I read it: 'UN wants to curtail their 5-years-plan 'agenda 2030' to be finished in 2025 , cos they are planning to impose you with their might (davos 05-22-2022 who want to overrule health, stripping sovereignty and if thats succsessful, forbidding nationalism world wide) to use the same _scare_tactics_ - as other western nations (media-driven experiment) before (-migration -covid-19 -war in ukraine for example), saying now - 'The UN welcomes you to 1,5 disaster per day beginnig in 2030!' (-; No... and while that wasn't about money, have you ever thought 'rising markets are an equivalent of increased productivity' ? ^^ Some days ago there was a headline: 'productivity is on an 75-year low.' But in terms of asking 'Is that a participation-thing?', i might enjoy what you wrote, sry, won't sound offending... (-: