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Comment Re:California (Score 1) 374

Yep, that's criticism of libertarian in a nutshell.

- Point out how poorly government does X.

- Lectures everyone how X wouldn't solve problem Y because X is so shitty.

We could have better courts, but we would have to admit government's incompetence. Outsource the whole thing to private arbitrators, make litigants bear the cost, and only have government involved in establishing the validity of these rulings. *Then* what's the problem?

Btw, I've never heard someone so proud of their own profession's inefficiency.

Comment Re: Nope (Score 1) 537

Just because you understand currency better, doesn't make up for how you're criticizing a new currency based on a misunderstanding of it.

Mises is dead btw.

The fact that bitcoiners see the hyperinflation of their currency as a GOOD thing in the face of all common economic theory saying otherwise is worrying.

You mean hyper-DEflation?

Comment Re:Theories about science... (Score 4, Interesting) 115

Scott Aaronson (of quantum computing fame) wrote a great paper on the implications of computational complexity theory for for philosophy, and he addresses a related issue, about "why should science work at all", specifically Occam's Razor.

He relates it to Valiant's PAC-learning model, which says that the more complexity your model allows (higher VC dimension), the lower the probability that any theory you match to the observe data will correctly generalize, hence why less complex theories tend to be more correct when going outside the sample data.

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