JackYoustra

6 ms·

61.
by JackYoustra 1y ago
mariel boatlift study found that even with a 7% short-term supply shock to labor concentrated in only miami in only low wage work led to no disruption in either employment or wages: https://davidcard.berkeley.edu/papers&#x2F
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by JackYoustra 1y ago
I mean RT is bad. You're going to need a better example of something good that got banned.
63.
by JackYoustra 1y ago
Did some looking around and your claims seem correct. I hope we have another UNCLOS convention soon! Too many bad actors, looks like every major distant-fishing power is polluting / overfishing. I'd quibble with the PRC being the
64.
by JackYoustra 1y ago
Sorry - the thing that comes to the front of my mind is trawling all the way in Ecuador, a world over. You’re saying Japan does that as well?
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by JackYoustra 1y ago
I mean pollution is bad, regardless of who does it? China is also fairly unique with the brazenness that her (flagged) vessels violate other EEZ waters to fish.
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by JackYoustra 1y ago
Fwiw the United States is doing a lot of effective work to combat this. A lot of countries have large EEZs covering a lot of the pacific but have no navy to police it with. The last coast guard commandant, Adm. Fagan, intorduced bilateral l
67.
by JackYoustra 1y ago
I don't know, this just seems like a sectoral analysis among o&g? We have pretty strong evidence that density leads to higher productivity, I'd be keen to see it replicated more broadly (one such study of many: https:/&#
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by JackYoustra 1y ago
Certified doge moment. Waiting for all of the people who said that doge would lead to increased efficiency (or at the very least a smaller deficit) to say they're wrong.
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by JackYoustra 1y ago
htop has a setting where you can show how many fds you have open and how many remaining
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by JackYoustra 1y ago
What does allowed to succeed mean?
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by JackYoustra 1y ago
my favorite solow line "You can see the computer age everywhere but in the productivity statistics.": https://en.wikipedia.org/wiki/Productivity_paradox This eventually changed. Companies do figure out how to
72.
by JackYoustra 1y ago
I read this book. Going into it, in my head, I thought flannery always got the shorter end of the stick and was unsure if welsh or immelt did the company bad. After reading it, Welsh was great (his creation of GE credit, while merely just a
73.
by JackYoustra 1y ago
Many issues here, as in a lot of SSC stuff, I'll pick one for fun > Stagflation is not a strange monster from legend. It is, Jacobs says, just the normal state of everything. Backward economies are in fact constantly in a state of s
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by JackYoustra 1y ago
Chile had this and, while technocratically sound, was so unpopular it led to a new constitution.
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by JackYoustra 1y ago
technically true but people usually associate that with rate increases
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by JackYoustra 1y ago
you'd figure that the mere invocation of the name would dissuade such a person from the idea!
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by JackYoustra 1y ago
they would be, it's called saving. Every day I sell my stuff for promises of being able to get stuff for free tomorrow. It so happens that China has a ferociously large savings rate as a consequence of a terrible social safety net - th
78.
by JackYoustra 1y ago
It's a lot more than this, right. People want dollars because people want dollars, their motives we can guess at but don't know with certainty. With all likelihood it's to buy US G&S (which is very similar to investing in
79.
by JackYoustra 1y ago
Sure sure, my point is stuff like British national insurance and American social security are considered taxes, even though much of the money in expectation goes right back to you in retirement / health spending. In Singapore, the flow
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by JackYoustra 1y ago
https://www.vox.com/2015/7/28/9057149/wages-productivity-inf...
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by JackYoustra 1y ago
Not really? Migration exists and is basically bottomless for the US, especially among people with a lot of money. To increase net savings just let them all in!
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by JackYoustra 1y ago
(a) There's an argument that people should save more for retirement, but I haven't heard anything more than that about why domestic savings as a whole has to increase. If anything, this is quite a good place to naturally run a def
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by JackYoustra 1y ago
You put forth a bit of a broken model, if there's a surplus of currency abroad we should see our currency depreciate, but instead it's quite strong and has been for a very long time, even as we run persistent, large deficits.
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by JackYoustra 1y ago
> They could have built a similar amount of production in the US, for example, instead of importing. They could not. If they could've, why wouldn't they? Companies, all else equal, have an enormous preference to colocate supply
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by JackYoustra 1y ago
I mean China has cut off rare earths from time to time, and from time to time we don't see crippling shortages but a rather quick supply response. If you're concerned about short / medium term timeframes, I've yet to see
86.
by JackYoustra 1y ago
> There isn’t the income There's always the real income, the probably is usually just the price rigidity! Most rich economies have no problem with this (the US and the EU can just adjust interest rates, which are comfortably above z
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by JackYoustra 1y ago
The cause is persistent shortfall in domestic saving and the effect is using abroad dollars to finance spending. The cause starts from both micro agents secularly deciding to spend more than save and from the government making law large def
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by JackYoustra 1y ago
it's not greed! It's just being dumb. If the empire wanted it all they'd try and enforce this state of affairs and have an infinite trade deficit in exchange for nothing (/ dollar exporting).
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by JackYoustra 1y ago
> running a deficit in physical goods traded This is not a disadvantage. By your own admission: we send dollars overseas in exchange for goods. We never have to actually send goods of our own. We effectively get them for the price of pri
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by JackYoustra 1y ago
if that's so, then why does comp track productivity?

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