Hacker News: throwaway34903

New comment by throwaway34903 in "France pulls last gold held in US for $15B gain"

throwaway34903 — Mon, 06 Apr 2026 15:51:56 +0000

Sure in the spirit it's an unrealized gain but wouldn't the tax man consider it a realized $500K capital gain? seemingly this is would be the more appropriate way of categorizing it?

New comment by throwaway34903 in "AI Is Breaking the Moral Foundation of Modern Society"

throwaway34903 — Wed, 03 Dec 2025 18:13:41 +0000

> All value is derived from labor... all (sensible) economists agree on this

The labor theory of value is one of multiple theories of values [1]. And it is still widely debated.

> Marx would say that the amount of value is the amount of effort that goes into the commodity, something we now know not to be true.

Marx would say the _exchange_ value of a commodity is proportional to the amount of _socially necessary labor time_ required to produce it. Again, something that debatable.

[1] https://en.wikipedia.org/wiki/Value_(economics)#Theories [2] https://en.wikipedia.org/wiki/Criticisms_of_the_labour_theor...

The Knowledge Economy Was a Mistake

throwaway34903 — Thu, 18 Sep 2025 13:40:32 +0000

Article URL: https://cwcp.substack.com/p/the-knowledge-economy-was-a-mistake

Comments URL: https://news.ycombinator.com/item?id=45289579

Points: 2

# Comments: 2

New comment by throwaway34903 in "US Administration announces 34% tariffs on China, 20% on EU"

throwaway34903 — Thu, 03 Apr 2025 17:15:27 +0000

For what it's worth Pettis thinks tariffs would be beneficial for the American economy: https://www.foreignaffairs.com/united-states/how-tariffs-can...