2025-01-18 04:13:31 <nmz         > my answer is russia
2025-01-18 04:30:25 <nmz         > nobody knows how the economy works, if anybody did, they'd be rich
2025-01-18 04:30:47 <nmz         > hell, warren buffets company cheats as well
2025-01-18 04:31:04 <nmz         > berkshire hathaway pulls insider trading
2025-01-18 12:09:44 <xentrac     > veltas: probably around the 01950s, yes
2025-01-18 12:10:20 <xentrac     > KipIngram: "cheap is good" vs. "durable is good" largely depends on your discount rate
2025-01-18 12:11:02 <xentrac     > aluminum wiring needs aluminum-wiring-safe connectors
2025-01-18 12:12:29 <xentrac     > Zarutian_iPad: aluminum is the only conductor in basically all electrical transmission and distribution lines (because it's not just cheaper but also lighter)
2025-01-18 12:26:42 <veltas      > nmz: This "nobody knows how the economy works" thing is interesting given even the current system is an approximation of what we did in the 1600's and it's not changed in all that time
2025-01-18 12:26:57 <veltas      > And that's an approximation/variation of how it worked 4000+ years ago, maybe longer
2025-01-18 12:27:50 <veltas      > My mates in the Gobekli Tepe Stock Exchange said so
2025-01-18 12:28:45 <xentrac     > :-D
2025-01-18 12:29:31 <xentrac     > I had never read I Throw Itching Powder at Tulips before, but it is fucking revelatory: https://www.dreamsongs.com/Files/Tulips.pdf
2025-01-18 15:57:20 <zelgomer    > nmz: there are a lot of people who understand economics. just because you don't does not mean nobody does.
2025-01-18 16:45:19 <KipIngram   > I think the banking industry works quite a lot differently from the way it did then.
2025-01-18 16:45:34 <KipIngram   > There was probably just as much abuse back then as now, but I suspect it operated in a different way.
2025-01-18 16:45:56 <KipIngram   > Today we have reserve banking, and that wasn't a thing back then.
2025-01-18 16:46:31 <KipIngram   > But yeah, "the market" as an idea is the same kind of thing.
2025-01-18 18:02:23 <veltas      > KipIngram: There's more flexibility today, and more ways we've allowed 'debt' to exist, but fundamentally I don't think it's changed
2025-01-18 18:02:55 <veltas      > There's a surprising amount of continuity
2025-01-18 18:13:30 <thrig       > the Rosetta Stone, among other things, is about debt relief
2025-01-18 18:16:18 <Zarutian_iPad> to a cult iirc
2025-01-18 21:26:47 <nmz         > zelgomer: Oh I clearly don't understand economics, but I also know that other people don't