2002-11-04»
full disclosure»It’s the little differences that make a marriage. When I get pestered by someone phoning up all hours of the day, I try to ignore it. When it happens to Quinn, she starts up a blog about it.
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Archive for November 4th, 2002
kaminsky on friedman»
Great slashdot comment by Dan “ssh ninja” Kaminsky, matching the decentralised theories of maverick economist David Friedman with the grim realities of how reputation management works. I really enjoy reading Friedman’s work, because he seems to be the only laissez-faire economist who truly believes what they all appear to be saying. Friedman genuinely does think the market is the best solution to anything – including legal systems, national defence, and the environment. I don’t agree with him, but I think his models give strong clues on how a completely decentralised, emergent infrastructure might work. He’s also much more readable than most economists (“The direct use of force is such a poor solution to any problem, it is generally employed only by small children and large nations.” is one of his). If you’ve read any Ken Macleod, the economy of The Stone Canal is based on Friedman’s Machinery of Freedom: the weird bit where you can kill someone legally if you get a witness is lifted from his analysis of the private law world of medieval Iceland.
soggy versus crunchy»
1988 Economist editorial by Nico Colchester, on the advantages of crunchy over soggy.(From Tomski).
Crunchy systems are those in which small changes have big effects leaving those affected by them in no doubt whether they are up or down, rich or broke, winning or losing, dead or alive. The going was crunchy for Captain Scott as he plodded southwards across the sastrugi. He was either on top of the snow-crust and smiling, or floundering thigh-deep. The farther south he marched the crunchier his predicament became.
Sogginess is comfortable uncertainty. The modern Scott is unsure how deeply he is in it. He can radio for an airlift, or drop in on an American early-warning station for a hot toddy. The richer a society becomes, the soggier its systems get. Light-switches no longer turn on or off: they dim.