Shouldn’t machine learning technology be able to create an almost perfect lie detector? — By David Grace (Amazon Page — David Grace Website) If I were Palantir or the Director of the CIA or some similar agency I certainly would have used machine learning to attempt to create a highly reliable lie detector, but if I had done that I probably wouldn’t have told…

What Something Is & What Causes It To Be Are Two Completely Different Things — By David Grace (Amazon Page — David Grace Website) Definitions Of A Word Or Term Are Factual Descriptions The definition of a word or a term needs to be a factual statement describing what people who use that term understand it to mean. Causes For A Word Or Term Are…

Like Italian sports cars and sail boats, don’t own a pet — rent one! — By David Grace (Amazon Page — David Grace Website) My friend’s mother asked if he was going to come to California for her birthday, and his immediate reply was, “What would I do with Mittens?” At first she thought he was asking “Will you pay for a cat hotel?” but…

Oil Companies Make More Than 3x More Gross Profit/Gallon On The Gas They Sell In California Than The Gas They Sell in Missouri — By David Grace (Amazon Page — David Grace Website) At the time that oil was at about $110/barrel, the average retail price of Shell and Valero gasoline sold in California was about $5.80/gallon and the average price for Shell and Valero gasoline sold in Missouri was about $3.80/gallon, give or…

The prime factors are how much buyers need the product and the ratio of the price increase to the buyers’ income — By David Grace (Amazon Page — David Grace Website) For many products, as the price increases the sales volume decreases, so sellers want to know at what point the dollars lost because of the reduction in sales volume will exceed the increase in gross revenues derived from the higher price.

The key factor is if the large seller’s market-share is materially greater than the industry’s excess production capacity — By David Grace (Amazon Page — David Grace Website) People intuitively think that the price for a product cannot increase so long as There are multiple competing sellers The cost of producing the product has not increased, and There is a sufficient supply at the current price to fully satisfy…

Strong Competition Creates An Efficient Economy. Large Imbalances In Bargaining Power Destroy It — By David Grace (Amazon Page — David Grace Website) Society’s fundamental competing interest groups are:

Unrestrained, unbalanced bargaining power produces a concentration of wealth in massive corps and the top 1% of families — a plutocracy — By David Grace (Amazon Page — David Grace Website) Reality Point Number One — Many If Not Most People Are Motivated By Money You can dislike it all you want, but a large percentage of the population, if not a majority, wants more money, something that every single experiment in…

Progressives Who Support A Universal Basic Income Have Been Suckered By This Elite-Class Scheme To Keep Wages Low — By David Grace (Amazon Page — David Grace Website) The Elite Class There is always an Elite Class at the top of every society. The members of the Elite Class are the people who have their society’s greatest wealth and power. …