Post AzHZXEO2JPEq3xwleK by dlakelan@mastodon.sdf.org
(DIR) More posts by dlakelan@mastodon.sdf.org
(DIR) Post #AzHXqMbLnIVv8OAahM by futurebird@sauropods.win
2025-10-16T23:30:10Z
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Idea: Fill a basketball with a million dollars and with all the passes in a typical basketball game suddenly you have an amazing (green) GDP boosting engine!Idea2: Simply calculate the value of every basketball pass that happens in the country based on a $30 valuation of the ball and add that to the GDP, do this for all sports.Economics solved. You are welcome.
(DIR) Post #AzHYdyt6EePu4C8CQ4 by dlakelan@mastodon.sdf.org
2025-10-16T23:39:07Z
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@futurebird Unfortunately those damn economists have already excluded second-hand sales or transfers of assets 😩
(DIR) Post #AzHZ76By9n0h7PqFvc by futurebird@sauropods.win
2025-10-16T23:44:25Z
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@dlakelan But the *service* being sold is ball receiving. You aren't sell the ball, you are selling the experience of taking the ball from someone one when they pass it.
(DIR) Post #AzHZG58LSg4SRTQj6u by dlakelan@mastodon.sdf.org
2025-10-16T23:45:43Z
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@futurebird Checkmate economists!
(DIR) Post #AzHZNReM92ckInujJY by futurebird@sauropods.win
2025-10-16T23:47:22Z
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Explain to me why this doesn't count but the whole bubbles-n-chips situation is valid.
(DIR) Post #AzHZXEO2JPEq3xwleK by dlakelan@mastodon.sdf.org
2025-10-16T23:49:01Z
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@futurebird Unfortunately, since no money changes hands by definition (economists definitions) the value of this service is zero. Fortunately for us, by the same argument, pirating music via napster causes no economic harm. Checkmate RIAA!
(DIR) Post #AzHdxYH1OZU15RTK1A by david_chisnall@infosec.exchange
2025-10-17T00:38:38Z
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@futurebird This doesn't work because it's just money moving, but it remains the same kind of money in a way that is obvious to observers. The AI thing works because capital expenditure, investment, and revenue are different categories and, if you move money between them fast enough, then you can pretend the money magically appeared.In theory, the fractional reserve banking system allows the money supply to expand as the value of the economy increases, so you don't have problems with deflation (it's very bad if money goes up in value when stuffed in a mattress because it discourages investment). Unfortunately, it turns out that you can create mine by borrowing it against the value of your stock and then use that money to buy your own product and make the stock value go up, so the money supply grows but the value backing it doesn't. It looks like it does, because your stock price goes up.Eventually, there's a correction and a load of the stock price is wiped out. Then the money supply is larger than the economy and so the value of the money decreases (i.e. inflation). Typically, rich investors have moved their money elsewhere by this point and the people who suffer are the ones who have most of their wealth in money, or for whom daily expenditures are a significant fraction of income. The net result is a big transfer if wealth to rich people.If you're lucky, this lays the ground for a leader like FDR or Clement Attlee. If you're not, you get Robespierre or Stalin. Now is a really, really good time to start looking for someone in the former category.
(DIR) Post #AzHhFdlK1iubBVxgQK by pier@infosec.exchange
2025-10-17T01:15:31Z
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@futurebird I think this only works if the ball is AI. Maybe if you fill it with GPUs?