October 14, 2019
On Thursday, 10 October 2019 at 19:17:03 UTC, kinke wrote:
> On Thursday, 10 October 2019 at 16:32:44 UTC, Ethan wrote:
>> https://www.youtube.com/watch?v=Og847HVwRSI
>>
>> While not unsurprising, it was still fascinating watching Objective-C come out of nowhere to get in the list 25 years after it was first released.
>
> Presumably the effect of a few opinionated decision makers in a way-too-big corporation with a shameless preference for closed ecosystems. Rightfully dropping into oblivion again by the looks of it [the language, not the corporation ;)].

https://computerhistory.org/blog/the-deep-history-of-your-apps-steve-jobs-nextstep-and-early-object-oriented-programming/

Next wasn't big at the time.  They needed to do something to increase developer productivity for gui.  Objective C was one early answer.  Company developed to commercialise it got crushed by C++.  Jobs was already using Obj C and licensed it and hired programmers from that company.

So there are all kinds of ways things can happen and sometimes the path is quite unexpected.
October 14, 2019
On Monday, 14 October 2019 at 16:23:01 UTC, Laeeth Isharc wrote:
> [snip]
>
>
> I went in 1993 to see Don Lavoie at the Center for the Study of Market Processes at George Mason University, one of the three important centres of the Austrian school at tbat time (Israel Kirzner at NYU and Murray Rothbard at Auburn were the other ones).

I did my MA in Econ at NYU and participated in the colloquium that Kirzner still showed up at from time to time.
October 14, 2019
On Monday, 14 October 2019 at 16:56:24 UTC, jmh530 wrote:
> On Monday, 14 October 2019 at 16:23:01 UTC, Laeeth Isharc wrote:
>> [snip]
>>
>>
>> I went in 1993 to see Don Lavoie at the Center for the Study of Market Processes at George Mason University, one of the three important centres of the Austrian school at tbat time (Israel Kirzner at NYU and Murray Rothbard at Auburn were the other ones).
>
> I did my MA in Econ at NYU and participated in the colloquium that Kirzner still showed up at from time to time.

Speaking of EU, I'm still a big fun of Huerta de Soto, but here we move towards money ...

Anyway, the importance of the impact of being "simply human" in economy can be shifted to a lot of disciplines, including technical ones. And I'm convinced that this is the most powerful factor that it's driving things nowadays.


October 14, 2019
On Monday, 14 October 2019 at 17:42:33 UTC, Paolo Invernizzi wrote:
> [snip]
>
> Speaking of EU, I'm still a big fun of Huerta de Soto, but here we move towards money ...
>

It's been years since I read him, but I recall him making some pretty weak arguments about fractional reserve banking being fraud. I believe either Larry White or George Selgin responded to the arguments, by him and others, sufficiently to suit me. Other Austrians who have the same beliefs about FRB tended to make very bad hyperinflation forecasts in the aftermath of the Great Recession. That being said, I don't know what de Soto predicted at the time.
October 14, 2019
On Monday, 14 October 2019 at 18:21:24 UTC, jmh530 wrote:
> On Monday, 14 October 2019 at 17:42:33 UTC, Paolo Invernizzi wrote:
>> [snip]
>>
>> Speaking of EU, I'm still a big fun of Huerta de Soto, but here we move towards money ...
>>
>
> It's been years since I read him, but I recall him making some pretty weak arguments about fractional reserve banking being fraud. I believe either Larry White or George Selgin responded to the arguments, by him and others, sufficiently to suit me. Other Austrians who have the same beliefs about FRB tended to make very bad hyperinflation forecasts in the aftermath of the Great Recession. That being said, I don't know what de Soto predicted at the time.

Oh, I don't want to turn this post in a discussion around economics, but I believe, as him, that fractional reserve IS fraud ... White and Selgin simply missed the points, but, again, who cares at the end ...

Regarding hyperinflation, well, we are since 2008 in a debt deflation, Japan history is here to tell us that US and EU are doomed to a long travel throw low or negative rates...
today 60 billions/months of FED "it's not a QE it's a different things!" are there to testify that ... everything is under control ...

But at the end, as usual, a default WILL happen, and we will see, if the Austrians fate will be legend or heavy truth ...

End of economic rant, but, hey, I've enjoyed the digression!





October 14, 2019
On Monday, 14 October 2019 at 18:53:15 UTC, Paolo Invernizzi wrote:
> [snip]
>
> Oh, I don't want to turn this post in a discussion around economics, [snip]

Probably a good idea!

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