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Anyone who knows with any sophistication how economics works isn’t telling: they’re pocketing the difference working at RenTec or Jump or whatever. A child know
by benreesman 5y ago
Anyone who knows with any sophistication how economics works isn’t telling: they’re pocketing the difference working at RenTec or Jump or whatever. A child knows that privatizing profits and socializing losses is only good for rich people, but a Nobel laureate can’t prove it.
So what we get is a bunch of “those who can’t, teach” social science economics. Greenspan in front of Congress talking about “flaws in conceptual frameworks” rather than “me and Summers shouldn’t have squished Brooksley Born like a fucking bug when she tried to institute some sanity in derivatives markets”. California and electricity. Repeal of Glass-Steagall. Top work guys.
Sometimes I think that HN will literally be the last place where temporarily embarrassed billionaires are pseudo-intellectualizing about pseudo-science economics when the tent-camp people under the 101 interchange finally head over to South Park and rig up a guillotine on that grassy bit.
- romwell 5y agoHN might be such a place even if most people here agree with you. My snarky comment critical of trickle-down[1] has been flagged and hidden when it reaches a score of 66; and the admins have threatened me with a ban. I don't mind this strict adherence to the "be kind, don't be snarky" rule, but I haven't seen it so vigilantly enforced on fumigation from fiscal conservatives, which I routinely see here. I feel like it reflects a dynamic in which flagging is used to steer a discussion, instead of improving its quality. I would be curious to see the stats on people to flag comments. Do they comment themselves? Do people agree with them? But I digress. I'm surprised your comment is still here, but that's a good sign. [1]https://news.ycombinator.com/item?id=29483790 https://news.ycombinator.com/item?id=29483790
- deleted 5y ago[deleted]