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Comment Re:So is the Internet considered Telecom or no? (Score 1) 91

That's a creative argument, but the problem is, the law doesn't make that distinction.

In both cases, you're peering with another person and exchanging packets with them.

Wikipedia exchanging packets with an ISP isn't any different than me exchanging packets with my ISP.

Indeed, such an assertion would fly in the face of Net Neutrality that says all packets are equal. Wikipedia exchanging packets with me, isn't any different than Wikipedia exchanging packets with Cogent, isn't any different than Cogent exchanging packets with me.

Comment So is the Internet considered Telecom or no? (Score 1) 91

The EFF and other privacy groups immediately requested that the FCC stay its order. The FCC declined to do so.

Wait a second, the EFF was just telling me the Internet is a Telecommunications Service, not an Information Service, in order to get the Title II regulations they were cheerleading for.

When the FCC contorts CALEA, something only supposed to apply to telecommunications, against cryptography on the Internet, it's the end of days, the Internet is dead, ...

When the FCC contorts Title II, something only supposed to apply to telecommunications, against your local ISP, praise the state! It's a miracle! It's justice!

Please. Repeat after me: The FCC is not your friend. The EFF, or the FCC for that matter, can't even identify a single, concrete action by an ISP that Title II would have stopped. It's a pure power grab.

Either the Internet is an Information Service (meaning Title II and CALEA don't apply), or it isn't (so it's a telecommunication service, and CALEA does apply), but you can't have it both ways.

Comment Re:The cost of doing business (Score 1) 215

Consult any economics textbook. I throughly recommend it.

GP is (also) totally correct, and doesn't appear to be disagreeing with me, except to the extent we're classifying which set of rules of economics this is falling under exactly.

In fact, it reaffirms my point that costs aren't 'passed along' to customers.

There's so many variables involved we can't really cover it in a Slashdot comments section, so we're highlighting the interesting and most significant bits.

Comment Re:The cost of doing business (Score 1) 215

It's not quite accurate to say the money "comes from customers". Where do customers get their money? From their employers! Or their sole proprietorship, or whatever. And so on in a cycle. This description makes it seem like a positive feedback loop, but it's not.

If costs increase for a producer, that will shift the supply curve up, causing a new equilibrium price that, while indeed higher, isn't proportionally higher: The corporation will also take some losses in the form of reduced (accounting) profit, maybe even taking a loss, if that's the best they can do.

Comment Re:Casper is Concerned (Score 1) 352

Technically he is an ape, but anyway... It's not racist because there is no historical racist context for calling while people monkeys, only black people. That's just the way history is. It's hurtful though, sure.

So again, why are we letting people who are trying to be hurtful dictate to us what we're supposed to consider hurtful?

That's stupid.

Comment Re:Casper is Concerned (Score 1) 352

So let me get this straight:

An algorithm mistakenly calls a person an ape, and that's racist and hurtful. Even though it knows nothing about racism and is just doing its job.

A person calls George W. Bush a monkey, and that's not racist or hurtful. Even though they're deliberately trying to be... racist and hurtful.

Help, stop, the double standard is killing me.

And second of all, why are we letting white people from a century ago tell us what is 'racist'? That the most stupid (and racist) thing I've heard all month.

Comment Re:Two things (Score 1) 818

The Civil War started April 12, 1861. The Emancipation Proclamation was issued January 1, 1863. If the Civil War wasn't about slavery, then what the hell were they fighting over for nearly half the time of the war?

Second, if you were to show me an arbitrary person and tell me they were from the Confederacy, I could more likely than not correctly guess their opinion on race. So what if the designer shares in this opinion?

The only part of the argument I find persuasive is that states started flying it around the time of the civil rights movement. You offer no evidence that the correlation is causal; my only objection is that there was really no good reason to start flying it in the first place, regardless of time period. "Under God" was added to the Pledge of Allegiance around the same time, do you wish to imply that was also added in protest of civil rights?

As others have pointed out, Lincoln was a tyrant of the worst degree, imposing unconstitutional taxes, an income tax, deploying the military to enforce it, and jailing anyone who disagreed with him, without recognition of habeas corpus. I don't suppose you're trying to defend this!

There's every indication his position on slavery was 100% political: He needed the support of foreign powers and anti-war abolitionists; and there is still, today, active before the states, a Constitutional amendment that would permit slavery in individual states, approved as a measure to end the Civil War (North states signed on, but the South didn't bite, refuting both the notion the war was about slavery and the notion that Lincon was 100% principled on this issue).

Yes, both sides had absolutely despicable qualities, and even today, we do horrible things to foreign countries under the US flag. That doesn't make me ashamed of the flag!

Comment Re:The most underrated misconception of economics (Score 1) 940

I know we talk about it sometimes as if you can, but you cannot, in fact, measure utility. You're making no sense.

Supply and demand deals with exchange. For as long as an apple is more valuable than the price you're selling it for, I'll buy apples; AND for as long as $2 is more valuable than the apples I'm selling it for, you'll keep buying $2; and as long as the two previous conditions are true, we'll perform that exchange.

This neglects the price mechanism, but hopefully this clarifies something.

Comment Re:The most underrated misconception of economics (Score 1) 940

Oh yes, the old "there's no such thing as a right triangle in real life, only in mathematics" argument.

I'm afraid I don't have a good answer for that, but I'm curious, how ever do you manage to use a tape measure? /s

----

Your demand curve has less to do with price than it does with whether or not you've seen a billboard for ice cream or it happens to be a hot day and your kids are in the back seat screaming for ice cream.

Economists call that a change in demand.

Also consider that cost includes not just the $5, but the drive to the store, tolerating screaming kids, etc. $5+(drive to store) is much more expensive than $8+(right next to you while inside a movie theater).

Most of the time, it's accurate enough to combine these costs into the price and call it a day.

Why do you think they're able to sell so much premium ice cream at $6/cone?

This is totally possible if some people have a demand curve above $6/cone. That doesn't even sound unreasonable, my last purchase of an ice cream cone from a retail storefront was 8USD after tax.

People go to Starbucks when they can get a coffee at McDonalds.

The nature of a good is well-defined in economics. If there's any reason to distinguish between two instances of a good, then they're not the same good. Any other conclusion is a violation of ceteris paribus.

For simplicity's sake, unless there's a need to talk about competition, substitute goods, etc, we talk about one kind of coffee, one kind of ice cream. Same thing as neglecting the gravitational pull of the sun in physics.

Is it because there is a smaller supply of Starbucks coffee?

Dunno. Different sellers will have different supply curves.

The argument is based on a notion of cardinal and/or ordinal utility of commodities, but neither the cardinal nor ordinal utility can be measured (or even observed).

Yes, utility is ordinal. But we're not measuring utility, we're measuring price, which is objective exchange ratio: I give up $6, you give me an ice cream cone, the price is $6/cone. (A cost is also a ratio, but the usage is slightly different.)

The circularity of the argument can be described as "Utility is the quality in commodities that makes individuals want to buy them, and the fact that individuals want to buy commodities shows that they have utility".

Utility has to do with the satisfaction of a person's inherent, subjective wants (including needs), irrespective of goods/services. Sitting on my couch right now, not trading with anyone, has utility. Yet in a little bit, going to the store hopefully before it closes will have more utility.

You don't need utility to apply the law of supply and demand, however.

Comment Re:The most underrated misconception of economics (Score 1) 940

The law of supply and demand is a mathematical theorem.

Surely you're familiar with mathematical theorems: If A is the length of one side of a right triangle, and B is the length of another side, then the length of the hypotenuse = Sqrt(A*A + B*B)

Supply and demand is the same thing. If I'm willing to buy two ice cream cones at $2/piece, one at $4/piece, and none at $6/piece; that forms a demand curve.

If you're willing to sell up to 100 ice cream cones at $2/piece, and up to 200 ice cream cones at $4/piece; that forms a supply curve

If the two above statements are true, then other things being equal, the law of supply and demand says I'll purchase somewhere between 0 and 2 ice cream cones from you - that's where the curves intersect.

It's only about as complex as the pythagorean theorem -- though far fewer people are familiar with it. In fact, I had to sketch this out on paper to make sure the numbers were correct.

Comment Re:The most underrated misconception of economics (Score 1) 940

You realize the banks were hauled into the Treasury Department and ordered to take the money, right?

And you realize the purported purpose of the bailouts was so people don't lose their life savings, homes, and businesses, right?

And you realize that I'm against the bailouts, correct?

And you realize that two wrongs don't make a right, yes?

Finally, who's to say what the "correct" duration of time to hold a house is? If the banks really need the cash, they can put them to auction. And they frequently do.

But frequently, it goes to a speculator who thinks there's another person, somewhere down the road, that'll be willing to pay more than they did. (This is a valuable service to the market, by the way: The speculator is risking their own savings to bet that housing will be in higher demand in the future. If they're right, this has the effect of stabilizing prices, eliminating huge peaks in prices, and stimulating construction in time for when the demand actually arrives.)

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