HN user

rjldev

33 karma
Posts0
Comments10
View on HN
No posts found.

That’s a very paranoid way of looking at things. Signalling support for the status quo would involve something more active, eg “wooo, go status quo!!” on a banner.

Maybe they have different priorities than you and just want to make money. Not everything is political.

Inflation incentivises investment and allocation of capital towards the most productive enterprises

This would be true with deflation, assuming returns from investing outpace the returns from doing nothing. Inflation incentivises investing for returns that do better than the loss from inflation. It would incentivise investments that have a negative return, so long as that return is greater than the inflation rate.

Why would you spend money today when it would be worth more tomorrow

Because owning a good today is worth more to you than having the same good in the future. Eg it’s better to have the iPhone 11 today than it is tomorrow, as you have it for an extra day. Additionally there’s many things you can’t put off into the future like paying for food, water etc.

[edit for typos, sorry, phone posting]

It’s not a leak, it just means it cant beat the opponent for the maximum it could by playing the exploitative counter strategy vs their tendencies. Instead it just plays gto which will win against any given non gto strategy, though not for as much as the exploitative counter strategy. Playing an exploitative strategy however leaves you open for exploitation and this goes back and forth until the players converge onto gto, assuming the players are (very) good.

t. former poker pro