#discountrate — Public Fediverse posts
Live and recent posts from across the Fediverse tagged #discountrate, aggregated by home.social.
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Then, the medieval characters by Eco hit their #DiscountRate paradox
"“And what will we tell sinners, then, if we cannot threaten them with an immediate hell the moment they are dead?”
“The whole doctrine of indulgences goes up in smoke [...] and not even he will be able to sell any after that. Why should a priest who has committed the sin of bestiality pay so many gold pieces to avoid such a remote punishment?”" [1]
[1] ["Sext", "Fourth day"]
https://archive.org/details/nameofrose00ecoux/page/296/mode/2up?q=%22It+seems+John+is+planning+to+declare+that+the+just+will+not+enjoy+the+beatific+vision+until+after+judgment%22 -
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Then, the medieval characters by Eco hit their #DiscountRate paradox
"“And what will we tell sinners, then, if we cannot threaten them with an immediate hell the moment they are dead?”
“The whole doctrine of indulgences goes up in smoke [...] and not even he will be able to sell any after that. Why should a priest who has committed the sin of bestiality pay so many gold pieces to avoid such a remote punishment?”" [1]
[1] ["Sext", "Fourth day"]
https://archive.org/details/nameofrose00ecoux/page/296/mode/2up?q=%22It+seems+John+is+planning+to+declare+that+the+just+will+not+enjoy+the+beatific+vision+until+after+judgment%22 -
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Playful example on how deep our misconception of what a #DiscountRate is can be, in a curious recap within "The Name of the Rose" by Umberto Eco [1], when he recalled medieval theological disputes over a very broad time horizon indeed: infinite.
"“It seems John is planning to declare that the just will not enjoy the beatific vision until after judgment [...] And, more, it seems that he wants to go further and assert that nor will hell be open before that day ... not even for the devils!”"🧵
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1/
Playful example on how deep our misconception of what a #DiscountRate is can be, in a curious recap within "The Name of the Rose" by Umberto Eco [1], when he recalled medieval theological disputes over a very broad time horizon indeed: infinite.
"“It seems John is planning to declare that the just will not enjoy the beatific vision until after judgment [...] And, more, it seems that he wants to go further and assert that nor will hell be open before that day ... not even for the devils!”"🧵
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"The inflation rate signals instability in the social order. That instability, it seems, translates into capitalists’ fears about the future. When the price system is more unstable, capitalists discount present income more steeply."
in "The Ritual of Capitalization" by @blair_fix: https://economicsfromthetopdown.com/2021/06/02/the-ritual-of-capitalization/
#rituals #religion #inflation #prices #value #discountRate #finance #privateEquity #acquisition #valuation #capitalization #capitalizing #markup #money #property
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"The inflation rate signals instability in the social order. That instability, it seems, translates into capitalists’ fears about the future. When the price system is more unstable, capitalists discount present income more steeply."
in "The Ritual of Capitalization" by @blair_fix: https://economicsfromthetopdown.com/2021/06/02/the-ritual-of-capitalization/
#rituals #religion #inflation #prices #value #discountRate #finance #privateEquity #acquisition #valuation #capitalization #capitalizing #markup #money #property
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This may be a shot in the dark, but I might be writing an essay about the 7th generation social discount rate concept from #theministryforthefuture by #kimstanleyrobinson and I’m looking for interesting people to interview. Any recommendations? #intergenerationaljustice #climatechange #economics #discountrate #moralphilosophy
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What is the time value of money (TVM)?
https://cointelegraph.com/news/what-is-the-time-value-of-money-tvm
#Presentvalue #Interestrate #Discountrate #Futurevalue #Timevalue #Money -
Aave Launches Stablecoin GHO on Ethereum Goerli Testnet with Open Source Codebase and Audits
https://news.bitcoin.com/aave-launches-stablecoin-gho-on-ethereum-goerli-testnet-with-open-source-codebase-and-audits/
#AaveDecentralizedAutonomousOrganization #FlashminterFacilitator #prospectiveintegrators #EthereumV3Facilitator #decentralizedfinance #overcollateralized #EthereumTestnet #keycontributors #DollarAltcoins #Aavecommunity #AaveCompanies #AaveVersion3 #discountrate #flashloaning #DAO -
CW: Capital as Power Meme - Risk Adjusted Discount Rate
Capitalists who are selling shares of their company on a stock exchange, need to determine what price to sell those shares at. The way they do this, is to forecast their earnings for a given period (usually 3-5 years) and to then use a discount rate to discount that 3-5yr total to present value. And the level of confidence they have in their own forecasts, is what determines how risky their valuation is considered to be. When they eliminate enough of the risk by getting investors to be confident in the future of the company, the discount rate goes very low, and present value goes up (share price).
Part of what we need to be doing, is increasing any and all uncertainty in their forecasts. Strikes, Boycotts, Unionization. Sabotage of their productive capacity, Smear Campaigns, Influence campaigns, barrages of lawsuits, exposing of scandals, pressuring politicians and government bureaus to enact legislation that places the corporate future at risk. All of these make a great start.
" the discount formula, the social habit of thinking with which capitalists began pricing their capital in the fourteenth century.
[...] It calculates the present value of capital based on the future magnitude of earnings. These future earnings, however, cannot be known in advance. Furthermore, since capitalists do not know their future earnings, they cannot know the rate of return these earnings will eventually represent. Analytically, then, they are faced with the seemingly impossible task of solving one equation with three unknowns.In practice, of course, that is rarely a problem. Capitalists simply conjure up two of the unknown numbers and use them to compute the third. The question for us is how they do it and what the process means for accumulation. The previous section took us through the first step: predicting future earnings. As we saw, these predictions are always wrong. But we also learned that the errors are not unbounded, and that, over a sufficiently long period of time, the estimates tend to oscillate around the actual numbers. The second step, to which we now turn, is articulating the discount rate — the rate that the asset is expected to yield with the forecasted earnings. And it turns out that the two steps are intimately connected. The discount rate mirrors the confidence fortunetelling capitalists have in their own forecasts: the greater their uncertainty, the higher the discount rate — and vice versa."