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Thirteenth law of worker entropy: Difference between revisions
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Hence, ''pace'' Blaise Pascal, [[charge-out rate]]<nowiki/>s tends to rise, not fall, with prolixity. | Hence, ''pace'' Blaise Pascal, [[charge-out rate]]<nowiki/>s tends to rise, not fall, with prolixity. | ||
Similarly, ''v'' is actual, real-world value, and not “notional fright-value imbued by the neurotic expostulations of paranoid lawyers”. | Similarly, ''v'' is actual, real-world value, and not “notional fright-value imbued by the neurotic expostulations of paranoid lawyers”. ''v<sub>f</sub>'', we think, is a cosmological constant. | ||
Thus, a [[Medium term note|secured medium term note]] — typically in the tens of hundreds of millions of dollars — has high intrinsic value even though the basic premise of a transaction — “I lend you money, you give me a note, I can sell it, you repay whoever holds it at maturity, with interest, depending on certain externalities” — is pretty simple. | Thus, a [[Medium term note|secured medium term note]] — typically in the tens of hundreds of millions of dollars — has high intrinsic value even though the basic premise of a transaction — “I lend you money, you give me a note, I can sell it, you repay whoever holds it at maturity, with interest, depending on certain externalities” — is pretty simple. | ||