neffy

45 ms·

481.
by neffy 9y ago
Yes, but that has really nothing to do with economics. Globalization is above and beyond all else a result of the Internet, and digital communications, dropping latency to practically 0. No economist predicted, understood or indeed currentl
482.
by neffy 9y ago
This would be the same macro-economic theory that even macro-economists will now grant is fundamentally flawed. The rest is left as an exercise to the reader.
483.
by neffy 9y ago
Right, because boys never get mocked at school...
484.
by neffy 10y ago
Yes and No. Both countries are currently in desperate need of sizeable public works programs to keep people usefully occupied. Cost is proxy for human activity, but not necessarily a useful one. If we really are looking at massive near term
485.
by neffy 10y ago
Kind of. It's really an instance of market failure. In particular, it's an instance of the failure of market based systems, which is intrinsic, to be able to set prices when there isn't any scarcity. Markets can't really
486.
by neffy 10y ago
The big advantage of double entry book keeping is that it provides multiple layers of security in the basic ledger handling the banks must perform. (The big disadvantage is the implicit instabilities that result from the associated statisti
487.
by neffy 10y ago
That's one of several things to bear in mind - but it's not a straightforward one - the various causes of high inflation tend to mitigate against matching investment rates. Leaving that aside - even at the time it seemed ridiculou
488.
by neffy 10y ago
I remember, back in the 90's, going to one of those retirement planning/sales sessions, where they explained how much you would need to invest at what rates to have a good retirement. With the little I knew then about economics&#x
489.
by neffy 10y ago
It's much worse than that. Commitments have been made that could never have been met - and not just in California. Hard equations are coming home to roost.
490.
by neffy 10y ago
It might be more accurate to think of it as an exploit. There are all sorts of ways company financial structures can be abused - this is just one of them.
491.
by neffy 10y ago
Really? http://www.dave.rainey.net/calendars/dystopias/process3.html
492.
by neffy 10y ago
And so it turns out once again, in every field, people really are the problem ...
493.
by neffy 10y ago
Historical trivia - it also overwhelmed the system in 1929 - adding to the panic then were long delays in stock prices being updated regionally.
494.
by neffy 10y ago
Some of which involved radium... https://www.orau.org/ptp/collection/quackcures/radsup.htm
495.
by neffy 10y ago
A deliberately sceptical person goes and reads the climate literature, and forms their own opinion based on all the information available. ... and then they move to high ground.
496.
by neffy 10y ago
Oh it's general. Apart from anything else, a majority of all scientific papers rely on some form of software, be it simple R statistical scripts, to complex programs. None of those programs ever have bugs in them, right? Then to be fai
497.
by neffy 10y ago
I'm not sure why you think the extraordinary increase in world wide prosperity, general living conditions, health, and access to information that the last 40 years has ushered in is a "failed experiment in social democracy".
498.
by neffy 10y ago
That argument (Malthusian) goes back to the beginning of the industrial revolution. But since pretty much every technologist, scientist and engineer currently working can trace their lineage in less than 4 generations back to the working cl
499.
by neffy 10y ago
Close, but not quite. > Banks scale up fiat money creation in response The US money supply approximately doubles every 10 years, it's remarkably consistent modulo the occasional hiccup. https://fred.stlouisfed.org/se
500.
by neffy 10y ago
Even more perspective. Let's say hypothetically the salary difference came down to being able to afford to buy a starter home in London versus renting for that period. The tax free property appreciation would dwarf the return on the op
501.
by neffy 10y ago
Ten years ago it was much harder to find information on all of this - and even if you went in knowing it, there was little or nothing you could do about it. I knew enough then to discount options to 0, but I'm permanently jaundiced in
502.
by neffy 10y ago
The better way to tackle that problem is to turn the incentives around in the US health sector, which currently runs on a piece rate model, which rewards the medical professions for finding as meany treatments as possible to deliver to the
503.
by neffy 10y ago
1) Historically Keynes is certainly known for profiting on foreign exchange bets, Irving Fisher on the other hand is notorious for predicting multiple times that the recovery of the 1929 crash was about to begin - and his funds followed hi
504.
by neffy 10y ago
I also have this picture in my mind of the pacific plates slowly twisting progressively clockwise... not that I know a whole lot about how this all works.
505.
by neffy 10y ago
I saw a version of that with one of my proposals. I found out from a job ad. for the postdoc to do the work - the really unfortunate part was that they had dropped in a drag bag of concepts from a field they didn't understand, creating
506.
by neffy 10y ago
Finding something to do with the spare cycles is definitely one problem that has to be solved.
507.
by neffy 10y ago
Probably not. There is a particular kind of hearing problem, where the brain doesn't process the frequency bins that sounds are broken down into very well. It impacts your ability to do source separation and tell the difference between
508.
by neffy 10y ago
Stonehenge also appears to have been part of a much larger permanent settlement. http://www.bbc.com/news/uk-england-wiltshire-34156673 And Stonehenge is far from being the only examplar of its kind. There's a big
509.
by neffy 10y ago
Some species survived and adapted, some didn't. Hey, evolution! The available evidence on the onset/offset for major climatic swings over the last 1 million years does suggest between a 10 - 100 year switching time, probably linke
510.
by neffy 10y ago
No, the temperature has been significantly higher before - to the point that the poles had a tropical climate. Climate change isn't the end of the world, just the end of the world as we know it.

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