Regulation only works when it's more profitable to follow the regulations than to break them.
Over-regulation simply encourages regulations to be broken.
Is there something similar to a Laffer curve for Amount of Regulation vs. Compliance?
Under-regulation can be equally devastating, but where is the point of peak compliance with regulation?
Alternatively, how else can we encourage powerful and influential people to just stop being dicks?
Saturday, August 11, 2012
Sunday, February 19, 2012
Financial Hockey
If hockey was like modern finance:
- Teams would be able to borrow goals from future games
- Teams would be able to borrow goals from other teams
- Referees would have a stake in the outcome of the game
Thursday, February 16, 2012
A Theory of Money
Money is just a method for redistributing labor and goods across space and time.
Borrowing is a method for moving labor and goods through time, but of course time travel costs money.
Since money is just a convenient fiction, we must realize something: everything that has ever been created by people could have been created without money. Money did not magically move actual labor from the future to the present or the past. Everything that has ever been accomplished was done within the capabilities of the people alive at that very moment. The only thing that ever mattered was the motivation/incentive.
That is interesting, because the banks and governments of the world have managed to generate obscene levels of debt, but debt is just a fiction too. It may have been used as a good incentive to get things done at a particular time, but it didn't actually create labor, it only created incentive.
I wonder what we could accomplish if we were all sufficiently motivated without dragging a burden of debt along.
Borrowing is a method for moving labor and goods through time, but of course time travel costs money.
Since money is just a convenient fiction, we must realize something: everything that has ever been created by people could have been created without money. Money did not magically move actual labor from the future to the present or the past. Everything that has ever been accomplished was done within the capabilities of the people alive at that very moment. The only thing that ever mattered was the motivation/incentive.
That is interesting, because the banks and governments of the world have managed to generate obscene levels of debt, but debt is just a fiction too. It may have been used as a good incentive to get things done at a particular time, but it didn't actually create labor, it only created incentive.
I wonder what we could accomplish if we were all sufficiently motivated without dragging a burden of debt along.
Monday, December 5, 2011
Prohibition
Ostensibly, the reason for prohibition is that using them will destroy the user's life.
This explains perfectly why the punishment for using them is to throw the user in prison and destroy their life.
Oh, wait, no it doesn't.
It's like capital punishment for attempted suicide.
Just had to get that off my chest.
This explains perfectly why the punishment for using them is to throw the user in prison and destroy their life.
Oh, wait, no it doesn't.
It's like capital punishment for attempted suicide.
Just had to get that off my chest.
Tuesday, September 13, 2011
Saturday, May 28, 2011
The Alphabet According to Goolgle.ca Auto-Complete
A is for aubrie
B is for basketball
C is for cookie
D is for dangerous lyrics
E is for ethics
F is for frank
G is for girlie
H is for hook
I is for insignificant
J is for jake (and a is for apple)
K is for kani
L is for love (L is for lies)
M is for maple
N is for neville (who died of ennui)
O is for outlaw
P is for party
Q is for quarry
R is for rainbow
S is for silence
T is for tiger
U is for undertow
V is for vendetta
W is for wind
X is for x-ray
Y is for yearbook
Z is for zamboni
What is a(n):
What is an adjective
What is a blog
What is a canuck
What is a dutch oven
What is an earthquake
What is a fever
What is a g6
What is a hernia
What is an ipad
What is a joule
What is a kindle
What is a leader
What is a metaphor
What is a no fly zone
What is an ode
What is a podcast
What is a qr code
What is a root canal
What is a stroke
What is a tsunami
What is an ulcer
What is a verb
What is a wiki
What is an xml file
What is a yeast infection
What is a zip code
B is for basketball
C is for cookie
D is for dangerous lyrics
E is for ethics
F is for frank
G is for girlie
H is for hook
I is for insignificant
J is for jake (and a is for apple)
K is for kani
L is for love (L is for lies)
M is for maple
N is for neville (who died of ennui)
O is for outlaw
P is for party
Q is for quarry
R is for rainbow
S is for silence
T is for tiger
U is for undertow
V is for vendetta
W is for wind
X is for x-ray
Y is for yearbook
Z is for zamboni
What is a(n):
What is an adjective
What is a blog
What is a canuck
What is a dutch oven
What is an earthquake
What is a fever
What is a g6
What is a hernia
What is an ipad
What is a joule
What is a kindle
What is a leader
What is a metaphor
What is a no fly zone
What is an ode
What is a podcast
What is a qr code
What is a root canal
What is a stroke
What is a tsunami
What is an ulcer
What is a verb
What is a wiki
What is an xml file
What is a yeast infection
What is a zip code
Tuesday, April 5, 2011
Election time again
Let's run down the parties:
Liberal
Attempting to bribe me with money borrowed from my grandchildren
NDP
Attempting to bribe other people with money borrowed from my great-great-grandchildren
Conservative
Not even bothering to bribe me, won't even tell me how big the bribe is
Green
My mom telling me how naughty I have been, wants me to go sit in the corner and have a time-out
Since at this moment there doesn't appear to even be a candidate registered in my riding other than the Conservative incumbent, the choice for the moment is fairly easy.
Liberal
Attempting to bribe me with money borrowed from my grandchildren
NDP
Attempting to bribe other people with money borrowed from my great-great-grandchildren
Conservative
Not even bothering to bribe me, won't even tell me how big the bribe is
Green
My mom telling me how naughty I have been, wants me to go sit in the corner and have a time-out
Since at this moment there doesn't appear to even be a candidate registered in my riding other than the Conservative incumbent, the choice for the moment is fairly easy.
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