How should we classify the internet among other “utilities”?Depending on what kind of utility the internet is classified as, what degree and type of regulation should be put in place to best benefit(through innovation, investment, lower prices, etc.) the “average” citizen?
Read More →The ability to remember is potentially the single most important of our abilities. Being able to make decisions about the future based on the past is the only reason that we’ve seen society and technology progress, ever. If you saw someone die from a poisonous berry but couldn’t remember it, what would happen when you were hungry and encountered the same berry? “Learn from your mistakes”. “Never forget” in reference to 9/11. I think the phrase “cherish our history” is immeasurably important - but only in its second definition. I don’t think all of our history should be held dear or shown affection. Certainly not this section of it.
Read More →“My people are few. They resemble the scattering trees of a storm-swept plain...There was a time when our people covered the land as the waves of a wind-ruffled sea cover its shell-paved floor, but that time long since passed away with the greatness of tribes that are now but a mournful memory.” ― Chief Seattle
Read More →Utility is a subjective notion in economics, referring to the amount of satisfaction a person gets from consumption of a certain item.Marginal utility refers to the extra utility a consumer gets from one additional unit of a specific product. In a short period of time, the marginal utility derived from successive units of a given product will decline. This is known as diminishing marginal utility.
Read More →Price is what you pay; Value is what you get - Warren Buffett
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