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Comment Dumbest idea today (Score 0) 163

My day is just getting started, but this is the dumbest one I've heard today. There's a lot of competition in credit card rates and a lot of alternatives to getting loans for all kinds of people. This won't do what they think it will do. It will either create the rise in additional fees or discourage credit card companies from providing credit to low-income/higher-risk borrowers. It is not going to result in them cutting their profits.

Comment Re:We should probably work on figuring out (Score 1) 165

"Earth can support a finite number of human beings." You think the repeatedly discredited Malthusian assumption and a vague feeling that someday, somehow we'll run out of resources should be a guide for decisions? Here's a fun one. My childhood science textbooks said the world would run out of oil by the year 2000. Several things made that extrapolation nonsense the most powerful of which is likely to be the decreasing relevance of oil as an energy source. Lots of people turn that into a happy parable about human ingenuity. I think it's more a parable about the crappy quality of human predictions about distant-future outcomes in complex systems. I guess you can't stop making predictions but for goodness sake, we must have humility about our ability to know what the future holds.

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