Krisztián Pintér

Budapest, Hungary

About Krisztián

Bio

Computer programmer of the Old Age (before everything became Java), spends all his time on learning new things about human nature, life on Earth, human or other, latest advances in technology, the possible futures ahead us, and seeking for ways to improve the world. (If you have a tip how to do it, tell me!)

Areas of Expertise

Chemical Engineering-BA, Programming, Austrian Economics

An idea worth spreading

my idea is that TED internal email service is defective, so when you review one of my translations, or i pick your translation for review, please contact me on the email addresses below, as i will not be able to write to you otherwise. pinterkr O freemail.hu or if you prefer gmail: pinterkr O gmail.com . thanks.

I'm passionate about

ideas, creativity, future, science, technology, education, liberty, economics, philosophy

My TED story

i have no idea what a ted story is

Favorite talks

Comments & conversations

155757
Krisztián Pintér
Posted over 1 year ago
Michael Metcalfe: We need money for aid. So let’s print it.
"In your situation, the benefit would not outweigh the harm" how do you know it would not? other than it is being your opinion, can you come up with some arguments? " it is easy to point out "logical" flaws in many solutions" it is impossible to point out logical flaws in solutions without one. (i don't get the quotation marks. my point was indeed logical, not "logical". also "logical" is not academic, just bad science. logical is academic.) if your solution contains logical flaws, it is bad, and needs to be abandoned.
155757
Krisztián Pintér
Posted over 1 year ago
Michael Metcalfe: We need money for aid. So let’s print it.
robin hood stole from the powerful and gave to the needy. modern day robin hood aspirant Metcalfe suggests the powerful to steal from everyone and give to the needy. in addition, he suggests that the powerful uses sneaky techniques, so the public does not notice they are being robbed. just let this sink in to your mind for a minute. on how many levels is this wrong? some explanation for those that don't understand the concept of money printing and its effects on the economy. money is just a facilitator of exchange. it does not have a direct use, only affects how real things distributed. if you magically create a bunch of money, and give it to someone, that person can then buy things from the market. things mean resources and work hours. those resources and work hours will not be available for someone else that otherwise would have got them. according to the universal law of supply and demand, it means rising prices. so far, it is economics 101, common knowledge. what does that mean if creating money does not increase prices? it means the money does not enter the market, and is not used for purchasing goods. it is stockpiled somewhere, like propping up the balance sheet of a practically failed bank. but it does not work with aid. we want aid to be actually used. we want the poor to be able to buy food and tools and construction materials. those need to be manufactured. there is no way around the hard fact: we can give the poor money for free, but we have to pay with time and resources if we actually want them to have any real benefits. therefore the proposed method does not differ from taxation. the only difference is that it is not visible. it is a secret tax.