RC_ITR

73 ms·

901.
by RC_ITR 4y ago
This is just people not understanding databases (see: crypto as an extreme example) Money is very real, it's just abstract in the sense that it's a unit in a database more than it's an object (it used to be both). So su
902.
by RC_ITR 4y ago
>It would be trivial to implement a law to punish (say) Eric Adams or someone else in or formerly in nyc government for what they did. Sure, but what, you're going to send the mayor to Jail (violence) over a political decision he ma
903.
by RC_ITR 4y ago
>If this was true, how do you explain backyard cookouts, pool parties, trick-or-treating, or Christmas present exchanges? How do you explain why you get to determine the guest list?
904.
by RC_ITR 4y ago
>where's the penalty for committing those actions in the first place You've hit the core problem of society/government that countless generations have tried to obfuscate via an academic body that implies that social intera
905.
by RC_ITR 4y ago
> But in practice, the leave-it-at-the-door delivery-or-no-touch-pickup world is not one I'd describe as higher trust and more social. You’re making the point for them. Interaction with service providers shouldn’t be a primary soc
906.
by RC_ITR 4y ago
You realize there are plenty of places like Exeter, Andover, Stuyvesant, Boston Latin, Bronx Science, etc. full of genius children, right? I agree those places are much better than a given average High School. The problem is putting a c
907.
by RC_ITR 4y ago
I mean sure, Hacker News is proof of that, but most hyper successful adults that were prodigies went to places like Exeter, Andover, Stuyvesant, Boston Latin, Bronx Science, etc. where they are around smart people their age .
908.
by RC_ITR 4y ago
You know what else is natural? Dying of polio
909.
by RC_ITR 4y ago
I'm sure it was very hard for you to be a genius surrounded by dunces and I'm sorry those dunces didn't like you for no reason.
910.
by RC_ITR 4y ago
Yeah so I responded to your joke with a joke then things got all serious because you didn't take it as a joke. And here we are, two nerds online.
911.
by RC_ITR 4y ago
I'm also curious what you mean by "trade is not zero sum" when definitionally, trades are zero sum. Definitionally, trading doesn't create things on its own (though I do recognize your D-K mind is probably trying to ma
912.
by RC_ITR 4y ago
>Might be true, but we were talking about GDP. GDP is production. Imports are not included in GDP, so an increase in imports doesn't cause GDP to go down. Imports cause GDP to go down relative to C+I+G . Full stop. I'm sorry
913.
by RC_ITR 4y ago
It was a joke? I'm aware I'm not 'fighting for my life'
914.
by RC_ITR 4y ago
> The most important things for immersion are the visuals, then sound, and then your ability to interact with the environment (more on this later) I mean agree to strongly disagree I guess.
915.
by RC_ITR 4y ago
Inflation readings being higher have nothing to do with a higher count. Exact same amount of data points for inputs as 2% inflation.
916.
by RC_ITR 4y ago
I have never said that’s not a definition for a recession. I said it’s not the official (or frankly good ) definition. Which it is not. Then everyone who doesn’t like that assumes it’s some grand political statement when I’m just some au
917.
by RC_ITR 4y ago
Bro I’m here fighting for my life trying to convince people that a trade deficit financed by asset sales is a good thing. I meant a net drag on GDP. Please chill.
918.
by RC_ITR 4y ago
But by that logic, error bars increased because the number went up? Idk if that’s how statistics works.
919.
by RC_ITR 4y ago
Sure if you want the student to never be around same aged peers and struggle to develop a social life so they instead focus on their work, I agree.
920.
by RC_ITR 4y ago
I think i ended our conversation with “agree to disagree” then you came over here. So yeah you’re right I can’t give it a rest. But I don’t know why citing BEA releases is considered politics. Like I get it, you don’t like Biden, neither do
921.
by RC_ITR 4y ago
Bro, what you are not understanding is that equating a recession to a decrease in production is pointless. It’s why you won’t answer my C+I+G question. What is happening is that Americans are selling debt/assets in exchange for goo
922.
by RC_ITR 4y ago
My point is that an amount of economic activity happened (let's simplify and say that its consumption/investment/government spend). GDP measures how much a country makes, but that's only a proxy for economic activity b
923.
by RC_ITR 4y ago
Well what don't you believe because you're using 6.6% inflation as your reason for skepticism, but that's what GDP is deflated by?
924.
by RC_ITR 4y ago
Philosophically, GDP is an useful economic metric because it proxies economic activity and in theirframework, economic activity is up, we are just paying for it via trade imbalance, which great, I love that foreigners will trade us goods fo
925.
by RC_ITR 4y ago
Yeah ok so here you go. Philosophically, GDP is an useful economic metric because it proxies economic activity and in your framework, economic activity is up , we are just paying for it via trade imbalance, which great, I love that foreign
926.
by RC_ITR 4y ago
I don't. Please expand on what my bias is. I'm curious.
927.
by RC_ITR 4y ago
>The labor force participation rate is still lower than it was pre-pandemic: https://fred.stlouisfed.org/series/SPPOP65UPTOZSUSA >Consumer loans are substantially higher than pre-Covid https://fred.stl
928.
by RC_ITR 4y ago
>"The US is in a recession". Perfectly valid and reasonable statement and any economist and most people vaguely interested in economics and politics will know exactly what is meant if they heard that today. Agree to disagree I
929.
by RC_ITR 4y ago
Ok so now I get your convoluted point, but then great let's exclude net exports, the other categories like PCE etc. haven't declined? EDIT: I want to give you the benefit of the doubt here because I like where you're headed (
930.
by RC_ITR 4y ago
>I think you're making this more difficult than it is. I think you're missing the entire point Whether or not the US is in recession is a very complex decision that is usually easy to make because most of the metrics move

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