Mike Smith

[Mike Smith @mikesmithdude]

@Dan_Jeffries1 The benefits of having more minds working on human problems & being able to trade freely w/ them, vastly outweighs any of these silly nat'l security concerns & trying to make sure the US "beats" China to AGI or the moon.
Childish nonsense.
Wealth creates more peace than control.

[Mike Smith @mikesmithdude]

@slattdanny00 @fedtanyl None of that follows. But regardless, you're taking this far afield: the point of the initial comment is to say that, while property tax is more efficient than funding those services with sales/income tax- the liberty good is greater still than a more efficiently-taxed dollar.

[Mike Smith @mikesmithdude]

@JoseyWales_Spit Yup. And this is just the tip of the iceberg: they all outsource orders of magnitude more of their violent tendencies, to law.

[Mike Smith @mikesmithdude]

@slattdanny00 @fedtanyl No there is no hive mind. Consent is an individual & explicit phenomenon.
Roads are not hard to provide privately. Political negative externalities dwarf the market externalities which can lead to underproduction relative to an ideal. The liberty good is greater than the service.

[Mike Smith @mikesmithdude]

@bryan_caplan If only the humans watching this clip thinking they're so glad they are enlightened enough to know it's bad to own other humans, were capable of extending that just a little further to also condemning partial ownership & other coercive relationships with "the law".

[Mike Smith @mikesmithdude]

@scottlincicome There is zero chance that government/special interests allows ai-powered robotics to serve as a substitute for medical, senior living & hospice care.

We might get cafeterias.

[Mike Smith @mikesmithdude]

@PatrickHeizer Stop zoning.

Just let markets work. Only prices can find the socially-optimal land plots & amounts converted to data centers.

You cannot centrally-plan this beneficially & you cannot avoid massive unintended consequences from trying.

[Mike Smith @mikesmithdude]

@slattdanny00 @fedtanyl You seem to think "liberty" is the condition of having services provided to you.
Liberty is the condition of not being coerced.
Those services can not only be provided without coercion; but provided much better & cheaper: producing liberty goods & consumption goods.

[Mike Smith @mikesmithdude]

@AlecStapp This is a short-sighted, low-intelligence take on an already bad assumption (that the world is better off if China can't develop frontier AI).

Free trade works better. You just have to be smart enough to look at the long term and Nth-order effects.

[Mike Smith @mikesmithdude]

@NewsmanMuppet @PatrickHeizer Reading is hard. You'll get there.

[Daniel Jeffries @Dan_Jeffries1]

Export controls are working to jump start the Chinese chip ecosystem.

Their industry was a dinosaur and then we fired up export controls and they rightly saw those controls as an existential threat and are throwing all their power and resources into building a powerful alternative ecosystem.

They will succeed. Nobody does engineering, scale and manufacturing like the Chinese. Not even close.

And we did it to ourselves. We had 100% of the market and now have virtually zero.

It is short-sighted to get an advantage for a few years only to enable a massive disadvantages years later.

When China has abundant cheap chips they'll proliferate around the world and erode NVIDIA and US company chip sales and margins.

The US will banned from using cheap, affordable open source intelligence models on national security grounds because of short-sighted hawks and agitators, forcing to use centrally controlled, surveillence economy squared models for our "safety."

Meanwhile the rest of the planet of 6 billion people will be happily using cheap, affordable chips and local, private intelligence powered by open source while your NVIDIA retirement shares plummet.

Even worse, once that happens, China will invade Taiwan and if we haven't re-shored every single engineer and chip factory, our own intelligence scaling will get crushed and you'll be paying 10x for Apple and NVIDIA and phone chips because we can't make them anymore so you'll be buying them second hand for exorbitant prices like you're trying to buy American cars in Cuba.

Economic wars lead to only one place.

Depression.

And after that?

Shooting wars.

[Mike Smith @mikesmithdude]

@slattdanny00 @fedtanyl Yes it is (efficient, not "productive"). Pay attention, I already explained why:

"Every single dollar not taxed & not spent by government, produces a liberty good of vastly higher value than the deadweight loss saved by shifting a dollar of taxes to more efficient forms of tax."

[Mike Smith @mikesmithdude]

Okay, but how can I get that Dixie cup aesthetic in my graphs?

[Jan Muchorowski 🌐 @JMuchorowski]

You need only one graph to support them btw

https://t.co/rTbTWaFTsb

[Mike Smith @mikesmithdude]

@TrueSlazac Most every1 wants to both save as many people as possible, & save themselves. This is an incommunicado coordination problem where everyone is thus trying to reason out the most likely Schelling point. Certain self-preservation is the rational guess for what everyone else presses.

[Mike Smith @mikesmithdude]

@aziz0nomics No, technological productivity is still creating a little growth, despite governments having destroyed most semblances of capitalism.

Growth is on life support now; dependent mostly on how badly govts stultify ai/robotics development.

We live in a centrally-planned society.

[Mike Smith @mikesmithdude]

@SocRepProject Nationalism & patriotism always lead to forced bad investments.

[Mike Smith @mikesmithdude]

@NewsmanMuppet @PatrickHeizer Justice is an individual concept where victims deserve restitution from aggressors.
You dont get a say, Judge Dredd. You don't get to take your pound of flesh so that actual victims get little or none.

And no victim, no crime.

[Mike Smith @mikesmithdude]

@JamesSurowiecki We liberals took the term back from progressive statists a long time ago.

Ilya is very much a liberal.

[London River @LondonRiverSFW]

Economic central planning has never worked well for the average person. Remind yourself of that when you look at your rising prices and your shriveling wallet as Trump continues to centralize the economy. Apply this knowledge next time Democrats offer you the same thing.

[Mike Smith @mikesmithdude]

@LinkofSunshine This one is a stopped slopulist clock moment.

All reductions a dollar of taxes (w/ commensurate reduction in spending) produces a liberty good far larger than any good from reduction of deadweight loss by changing a dollar of tax to a more efficient one.