My argument restated in 2 other academic fields and accepted as...

  1. 898 Posts.
    My argument restated in 2 other academic fields and accepted as 1 + 1 = 2:

    Physics = Converting from 1 form of energy to another or energy to matter, matter to energy or matter to another matter incurs heavy conversion costs. For example, today's solar panels only convert ~15% of solar energy in a very select frequency range into electrical energy. Therefore, most energy efficiency occurs when conversion is done only where necessary.

    Computer Science = Converting from 1 protocol to another incurs heavy conversion costs, division of security auditing, 'reinventing the wheel' redundancy for applications etc. Therefore it's best that all networking is based on TCP/IP and more specific protocol functions (SMTP, HTTP, IMAP, etc) are built on top of the only networking protocol TCP/IP.

    Next, my argument restated by Austrian Economist Hans-Hermann Hoppe:

    https://hotcopper.com.au/data/attachments/1423/1423572-dfaa2db63e2c62fdcc7aa33f9381233a.jpg

    https://hotcopper.com.au/data/attachments/1423/1423573-fdaf8eb7ff865081b04a2bbebcd8353c.jpg
    https://hotcopper.com.au/data/attachments/1423/1423576-06110c0495f2cdf9a51c0331b9002948.jpg
    https://hotcopper.com.au/data/attachments/1423/1423577-e9538727f3eb4c4a45850ae3e48bb9bc.jpg

    And now your strawman for the highly inefficient conversion costs of the Foreign Exchange Market:

    wow. You're absolutely right, foreign investment in economies is a huge negative and central banks (such as the RBA)

    Yet, yourself and mainstream economists cannot comprehend what is stated in the most pedestrian high school physics and computer science books as 1 + 1 = 2. For this point, I will die on this hill.
 
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