Hacker Newsnew | past | comments | ask | show | jobs | submitlogin

finance doesn't magically confer certain properties on humans. human seek to satisfy their wants with limited means. does the pursuit of money lead to evils? sure, but money is only a stand in for other wants. money is a good because it is transparent in a way that other methods of accounting for the distribution of goods isn't. if you can quantify the resources that go towards X instead of Y and yet society claims to value Y above X you have some very useful data to investigate. contrast this with the primary competition for money as a means of distribution: opaque and non-fungible social favor. when a system of social favor redirects resources in a way inconsistent with values it isn't a simple matter of pointing to quantifiable numbers.


Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: