brc

24 ms·

211.
by brc 11y ago
That is not economics in the macro/micro sense, that is more financial/ financial markets theory. It really is a different branch of thinking than what economists deal with. Finance != Economics
212.
by brc 11y ago
The best theories on economics date back much further than the twentieth century. The history of economics is far more interesting than trying to run experiments. A talented economist has to be able to come up with explanations for things
213.
by brc 11y ago
Good comment - I remember while studying economics (a subject I have always enjoyed) I got into an argument with some fellow students who felt that it was too 'fluffy' and 'not enough meat'. They wanted to do equations
214.
by brc 11y ago
I think we have a lot in common. The thing I sometimes wish for most is a 'hard reset'. When I was a lot younger I achieved this just by changing everything - cities, jobs, possessions, relationships. The resultant clear space w
215.
by brc 11y ago
I'm really coming around to the idea of car-free Sundays. Even from something like 5-11 am I think a lot of places would really benefit from that. This Sunday I participated in marathon/half marathon and it was great to see the s
216.
by brc 11y ago
In reality, it would be a waste of money to install charging point infrastructure in each place as the demand is so low. Most people would prefer better appliances than a charging point. It wouldn't be that difficult to fit the chargi
217.
by brc 11y ago
Good ideas but those different power plants all have very different coolong and exhaust requirements. Hard to design something that can adapt to all that.
218.
by brc 11y ago
I believe the OP means governments know that central planning is a compete failure but they just can't help themselves. Like alcoholics, 'a few beers' won't hurt. It's the same with planning - just a little five ye
219.
by brc 11y ago
The constant A/B testing of socialist policies alongside free economies does help to provide and endless list of economies ruined by socialism, though. It's tragic for the populations involved, but it helps blunt the constant cac
220.
by brc 11y ago
Blaming the population for being poor and stupid is inherently unfair. Economics is not a science, and trying to understand it with equations is wrong. Economics is the study of human behaviour in a world of restricted resources and choice
221.
by brc 11y ago
Social security measures can only be paid from earnings from individuals. A government usually cannot earn any money itself, and particularly so in places with history of corruption and cronyism. The governments job should be to maintain a
222.
by brc 11y ago
It only talks about customer pricing and there is a lot more to it than that. On overly nice founder might have trouble of disposing of a bad employee, which could destroy the culture or destroy the product. They might accept worse invest
223.
by brc 11y ago
My thoughts exactly. It's nowhere near enough revenue to even keep going, unless revenue is about to expand a lot without a commensurate expansion in employees or marginal costs.
224.
by brc 11y ago
It's not re-defining what a free market is, that's always been the case. I guess the point I haven't got across is that even if the government interferes covertly with one specific product or market, it has little effect on t
225.
by brc 11y ago
You'd have to say that - yes, there is such a thing. But gaining momentum and power requires money and leadership. Unless a grassroots movement can create those things themselves - which would be quite rare - inevitably a true grassro
226.
by brc 11y ago
The National Socialists were socialists in that they wished to control the means of production. State takeover was not part of that (as in the Soviets case) but new state-run industries (e.g. Volkswagen) were very much a part of that. The
227.
by brc 11y ago
Free markets are about freedom of choice in participation - freedom to create a business, take or leave a job, freedom to product or buy the products you want. It's about economic freedom. That the CIA interfered with things doesn&#x2
228.
by brc 11y ago
'Tinfoil hat' and 'conspiracy theorist' are just debate-stopping names thrown around. This is obviously true because anyone who tries to introduce an idea typically feels compelled to put a disclaimer 'I'm not
229.
by brc 11y ago
Savings are a necessary pre-requisite for investment. On balance it is better to have savings than debt. Creating bubbles in certain asset classes is usually the fault of differential tax or regulation treatment for that class. It can be
230.
by brc 11y ago
The one child policy was always madness for future demographics. The numbers generated and the sex imbalance are crazy to look at.
231.
by brc 11y ago
That is a very big drop in price! No wonder the iron ore price has dropped through the floor. I wonder if the innovation needed, then, is a mobile recycling plant rather than having to haul the raw goods to the scrapyard. I'm sure su
232.
by brc 11y ago
There is no doubt that free(er) markets in China have not only helped the Chinese people to a better life, but through the magic of free(ish) trade, have made the lives of people throughout the world better. The one thing China does better
233.
by brc 11y ago
The key feature of democracy is not necessarily having people choose their own rules, but instead enabling peaceful power transitions. Any place where people can still legitimately change the government through democracy is likely to have a
234.
by brc 11y ago
Sure, and the crank driven fans have been replaced by much quieter variable speed electric fans as you noted. These are also more efficient as they can be switched off during highway driving. There are also the thermo-couple engine fans w
235.
by brc 11y ago
Yes in my haste I forgot that Taiwan is the perfect A/B test control group, because of the postwar history. It had a lot of the same issues to overcome. I am biased towards Hong Kong having visited and loved the place, so it's a
236.
by brc 11y ago
"Great Leap Forward"? Improvements only came when they abandoned communism, and came up with a fig leaf of 'mao was 80% correct' It is hard to rewrite history with a different set of rules, but I think it's fair to
237.
by brc 11y ago
Toy airplanes do use oil, it's just mixed in with the fuel. Many water-cooled cars do have an oil cooler, but it's not the primary means of cooling the engine. In those cases it's more about keeping the oil at a constant tem
238.
by brc 11y ago
Not kidding, genuinely intersted. I think you have answered the question. The reason for asking is occasionally I read about stories of people who are sad that they no longer live in a communist country. There was a movie made about that
239.
by brc 11y ago
It's also the gigantic whirring fan on air cooled engines that is removed with water cooled engines which lowers the noise down significantly. One of the initial engine designs for the 911 was a twin-fan engine. Apparently it made suc
240.
by brc 11y ago
There is no question a well sorted 944/968 can out handle and out race a 911. It's not just the challenge of driving - well, they are very different in many different ways, and that's the sort of thing people like when it com

More ›