AngrySkillzz

12 ms·

61.
by AngrySkillzz 6y ago
I appreciate your response and think you're mostly on the right track. I didn't intend to call you out, more to point out a few mistakes in thinking that are common in these kinds of threads on HN (and indeed are more egregious el
62.
by AngrySkillzz 6y ago
Every HN thread on economics has a bunch of comments like these that are earnestly misinformed about economics. When commenting on something outside of your wheelhouse, please recall Socrates from the Apology: "I observed that even the
63.
by AngrySkillzz 6y ago
Which part is incorrect? No offense intended, but I may have a more thorough/more recent understanding of the topic than you do.
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by AngrySkillzz 6y ago
Banks have not been reserve constrained in at least a decade, the 0% reserve requirement is a red herring. Other countries have had 0% reserves for a long time. Banks are constrained in lending by regulatory capital requirements (see Basel
65.
by AngrySkillzz 6y ago
No. Look at the papers about QE from the financial crisis. Increases in bank reserves had very little effect on consumer price inflation. Even with large scale monetary intervention, we haven't seen significant inflation in any develop
66.
by AngrySkillzz 6y ago
Not really. Look at what happened in 2008. The Fed's LSAPs significantly increased the money supply with no feedthrough to inflation or a weaker dollar. The inflation process is much more complicated than laypeople tend to think. Weake
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by AngrySkillzz 7y ago
No, it is not at all obvious. Read up on the papers written about QE after the 2008 crisis. Monetary base increases significantly but the money multiplier falls in tandem. The net effect is that the price level is not strongly impacted by t
68.
by AngrySkillzz 7y ago
Not "buying crap," we are talking fallen angels AKA companies that were previously rated investment grade that have been downgraded due to the crisis. "... rated at least BBB-/Baa3 as of March 22, 2020 ..." in the p
69.
by AngrySkillzz 7y ago
Fed does not have the authority to do that, per se. Fiscal stimulus is congress and the Treasury's job. Monetary policy is a completely different thing. The Fed is already buying Treasury bonds, which are in part being used to fund the
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by AngrySkillzz 7y ago
There's no justification for it, people are just speculating. The BoJ buys equities because of long-term structural issues with the Japanese economy (e.g. low birthrate, low immigration, aging population) that cause deflationary pressu
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by AngrySkillzz 8y ago
Twin Oaks already does this - they grow most of their own food, have a few external businesses, and I'm pretty sure a few of their members have external jobs (at least one of which is a programmer, if I remember). They practice "i
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by AngrySkillzz 9y ago
It's not that profound. Both networks form through "preferential attachment." Large networks of galaxies form because gravity causes the largest conglomerations to get larger. Similarly, neurons are more likely to connect to
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by AngrySkillzz 9y ago
U-3 is the commonly published "unemployment rate," aka the thing that is currently 4.4%. I don't think many people actually looks at U-1. You can get a better picture by looking at U-5 or U-6 together with the participation r
74.
by AngrySkillzz 9y ago
Sorry but that's not true at all. You are counted as unemployed if you do not have a job and are actively looking for work. There is no "cut-off." Look up the definition at the BLS, there is no excuse for spreading this crap
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by AngrySkillzz 10y ago
Google is scary bad at providing accurate information and I think it's a big problem, skewing people's view of the world. Just search anything related to nutrition, supplements, medicine, etc. and you'll see that most of the
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by AngrySkillzz 10y ago
They are trying to gaslight us. Foreign powers want to misinform and distract the public in democracies; a misinformed populace puts pressure on elected governments to govern poorly. If democratic governments flounder because of this, that
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by AngrySkillzz 10y ago
Pushing an agenda is one thing if the person is doing it in good faith, even if I think their ideas are bad or not supported by evidence. In all likelihood there are large scale information operations going on with world powers trying to su
78.
by AngrySkillzz 10y ago
I was not quite precise saying it is self-reported; it was measured through a 10 item questionnaire that is self reported. Still, it's not watertight (as is often the case in psychology research). I'm just encouraging you to consi
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by AngrySkillzz 10y ago
Interestingly, that is the opposite of what I've seen in the scientific literature. Trait self-control seems to better relate to removing temptations from our lives via planning rather than having a high threshold for resistance. Peopl
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by AngrySkillzz 10y ago
How is that the user's problem? I don't care what the ad network does. If they are sending me links and I'm choosing to click on them, whatever happens is their own fault. I entered into no contract with this company.
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by AngrySkillzz 10y ago
Reading is fundamental. 0.6 on a rate of 6.2. That's roughly 10%. What would you do if your savings was 10% larger?
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by AngrySkillzz 10y ago
Sorry, these jokes aren't funny anymore.
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by AngrySkillzz 10y ago
A lot of people would say that, actually. World leaders throughout history have always picked up religions, ideologies as a way to get additional support, not because it's something they believe in or want implemented.
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by AngrySkillzz 10y ago
A man who literally said the worst thing about the KKK was that they smoke weed.
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by AngrySkillzz 10y ago
It does not mean always as in "the same voter every time." What it means is that if more than two voters have a preference ranking which is digested by a social choice function, the outcome should not be exactly the same as any in
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by AngrySkillzz 10y ago
Nice low-effort comment punk. The electoral college was created as a part of the three fifths compromise. In order to get southern states on board, the framers needed to find a clever way to count slaves as population without letting them v
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by AngrySkillzz 10y ago
No one is saying that campaigns and voting behavior wouldn't change. Just that the electoral college is a ridiculous system in the first place and should be gotten rid of.
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by AngrySkillzz 10y ago
Exactly. This is why Arrow's theorem has no applicability to practical use of voting systems in the real world. The dictatorship property is often misinterpreted.
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by AngrySkillzz 10y ago
You have to look very closely at what the definition of "flawed" is. The dictator rule in Arrow's thm is not what it is commonly portrayed to be. All it says is that there should be no voter whose preferences are the same as
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by AngrySkillzz 10y ago
That's nice. Wanna talk about it?

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