mc-lovin

15 ms·

91.
by mc-lovin 13y ago
Milton Friedman wasn't a Keynesian, and yet he advocated monetarism, which is essentially the same as inflation targeting, except instead of keeping inflation constant, you keep the rate of increase of the money supply constant. In academic
92.
by mc-lovin 13y ago
Neo-classical economics suggests that it is, in fact ethical to get as much money as possible out of your customers. Not because people should only care about themselves, but because redistribution through the tax system, and charitable giv
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by mc-lovin 13y ago
It's a diet shake where the seller goes "you know what, fuck it, I don't recommend that you eat a balanced diet, and I do recommend you replace all your meals with this shake"
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by mc-lovin 13y ago
You don't seem to understand what is meant by the term "efficient market". The efficient market hypothesis does not preclude the possibility that share prices could be improved by a buyout or activist shareholder.
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by mc-lovin 13y ago
>But one of the other requirements set forth in the paper is that if the slab is stolen, Eve must not be able to send or receive messages. I'm not sure how that is fulfilled here. If a "full" message involved both sides randomly picking
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by mc-lovin 13y ago
I wasn't joking. > If it were, as Buffett has noted frequently, his success would have been completely impossible. Indeed, the most money is made from the highest inefficiencies. Survivorship bias? I don't know, but in any case market
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by mc-lovin 13y ago
Thanks, that's what I thought but I'm glad you confirmed it and put it in their notation. So here is my issue: Eve knows P, so she can steal the object and hence compute K(B). The difficulty in "copying" the object is only significant when
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by mc-lovin 13y ago
It should be the other way around: below a certain IQ all you need is the efficient market hypothesis and you will be an adequate investor.
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by mc-lovin 13y ago
> I'm a pretty good looking guy with a good job that goes to a great school. So why the fuck is adding someone on FB Not that I think that your friend request was creepy, but why would a judgment as to the creepiness of your actions dep
100.
by mc-lovin 13y ago
Can someone explain this to me? I read the article but it didn't make sense. The physical object as I understand it provides a source of random data, with the property that it is fast to do a single lookup (shine an arbitrary light pattern
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by mc-lovin 13y ago
Formal auditing strikes me as a completely unhelpful layer of bureaucracy. What is needed is a culture of sharing code and data (unless that is impossible due to restrictions on the data that was used), and the tools to allow this to happen
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by mc-lovin 13y ago
The problem with your reasoning is that people already know that the pharma industry has a complex industrial structure, and that mergers happen from time to time. Furthermore, prices change constantly for a variety of reasons. None of th
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by mc-lovin 13y ago
(a) how dare you imply Slate don't have every right to put pop-ups anywhere they like on their property. (b) but she makes a great straw woman for people who don't want to debate against classical economic arguments.
104.
by mc-lovin 13y ago
Unfortunately the argument that in a free market, what maximizes profit is socially optimal, is not taught in schools, and alien to many people. It doesn't help that in public debate, this argument is usually espoused by people on the right
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by mc-lovin 13y ago
Excellent point. Furthermore, new foods can be developed that achieve better combinations of satiation and satiety, and other desired outcomes. I think it's fair to say that the entire medical profession has in the past suffered from a ten
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by mc-lovin 13y ago
Could you shed some light on the strange employment structure in your industry? My impression is that unions in this industry are a combination of the bad (artificially restricting the supply of labor, to the benefit of union members, and t
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by mc-lovin 13y ago
What do you think are the main potential areas for improvement in the field? Is there potential for more automation? It sounds like a fascinating job, those cranes look really cool.
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by mc-lovin 13y ago
>this comment also shows that for some of the work (here loading and packing), the container just moves to the burden to a different entity (here the manufacturer instead of the longshoremen). But shifting the burden to the manufacturer
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by mc-lovin 13y ago
It's an unspoken assumption that goes unchallenged because it's easier for people targeted by these stereotypes to distance themselves from "nerds" than to challenge these assumptions.
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by mc-lovin 13y ago
Well said. It seems to me that while we have deconstructed certain normative ideas (e.g. that everyone should be heterosexual), there is no general interested in pursuing a truly liberal agenda where people define for themselves who they ar
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by mc-lovin 13y ago
But they are working through the night to prepare the article for submission.
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by mc-lovin 13y ago
So what exactly was Orwellian about my terminology? I missed the point where you said that. You have basically dodged my argument about taxes an economic efficiency. By your logic, a policy that destroys $1 worth of real goods in a random
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by mc-lovin 13y ago
While you are correct that H-1B visa's benefit employers of tech workers, and harm American tech workers, you are wrong to claim that this means it is a matter of billionaires vs "workers". Most of these companies are public, and therefore
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by mc-lovin 13y ago
The argument you are making is basically an argument from authority, which would be fine if you understood the nature of the authority in question, but you do not. Peer reviewed journals contain a lot of garbage. Whether this should be the
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by mc-lovin 13y ago
"I'll let you take that up with the authors." That's a fairly flippant way to deal with my criticism. If you post a study here, it's fine if you haven't read it, but you shouldn't pretend that anything that's been published is infallible.
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by mc-lovin 13y ago
"In order to rule out the role of personality, we first identified Openness as the most consistent correlate. This trait was then statistically controlled for, along with two other important individual differences: the tendency to be drawn
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by mc-lovin 13y ago
Thanks, that was a good explaination. If you look carefully, the timing between exchanges is identical, so hopefully they at least chose some representative latency between exchanges.
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by mc-lovin 13y ago
The whole point of the article was to question the validity of the diagnosis of mental illness, which you completely ignore when you blithely add the disclaimer that "these folks" refers only to people who are mentally ill.
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by mc-lovin 13y ago
Not necessarily. The power of the government stems not only from it's ability to inflict violence against groups (e.g. bombing a city) but also individuals (e.g. arresting a single person). Against the latter, ordinary weapons are still v
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by mc-lovin 13y ago
The issue is that there just isn't that much data. You collect a bunch of macro level time series variables. Ok now what? No matter how cool or sophisticated your model is, there is just too little data to tell which models actually fit

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