rsj_hn

149 ms·

661.
by rsj_hn 5y ago
Meh, Hayek was awarded the Nobel. The Austrian school does have a lot of useful insights. Perhaps those insights are not so amenable to the kind of economics that is a fruitful research field and can get grants, but that doesn't mean i
662.
by rsj_hn 5y ago
The snake swallowing an elephant theory of the price level would explain a one time increase in the price level, but not higher constant inflation, and certainly not an increasing rate of inflation.
663.
by rsj_hn 5y ago
> Your model is overly simplified. You are correct that my model is simplified. I ignore the issue that demand isn't really stable, and you need some peaker plants. The problem is that Solar isn't really a good solution for pe
664.
by rsj_hn 5y ago
> Maybe education will help. You mean, Red education to get the Blues to see the error of their ways, or Blue education to get the Reds to see the error of their ways? People really don't want their enemies' values taught to th
665.
by rsj_hn 5y ago
> Nuclear as baseload remains very useful. What's more, we don't just seek to replace current capacity but also to quickly increase generation. The problem is that Nuclear may not be economical if it is only used when both sola
666.
by rsj_hn 5y ago
The only solutions to a culture war: 1) Domination: fight it out and exterminate the other side or disenfranchise them so much they become powerless to oppose your agenda. Then you rule over them and make sure to keep them weak and defeated
667.
by rsj_hn 5y ago
Better windows certainly have a better ROI, but they do not get you to replacing fossil fuels. Nuclear or solar/wind + battery does. Nuclear fortunately works everywhere and does not require batteries. It does, however, take engineerin
668.
by rsj_hn 5y ago
You can't have it both ways. Either allow the government to turn down most of these loans and charge higher interest rates based on credit-worthiness or make bankruptcy very difficult. What you want is the bankrupcty rights of a non-go
669.
by rsj_hn 5y ago
No, I'm talking about migrating to energy sources that don't rely on fossil fuels. I don't see "removing excess CO2" as a reasonable goal. This again goes to "recognizing which solutions are viable and which ar
670.
by rsj_hn 5y ago
Because the anti-CO2 coalition is primarily an environmental coalition whose main skills are condemning, taxing, and lecturing the public about grave injustices. But when it comes down to actually lobbying for the deployment of mass industr
671.
by rsj_hn 5y ago
I think not a bad faith actor, but an emotionally dominated actor. Most of the anti-nuclear opposition is about gut level emotion. This is why the bar is raised so much higher for nuclear than anything else. The reason boils down to &qu
672.
by rsj_hn 5y ago
Indeed, I have thought about this "deeply". But not hysterically , which is why you seem to be so troubled about a calm assessment of risk that takes into account other risks we already accept and things like opportunity costs.
673.
by rsj_hn 5y ago
It is really all the lawsuits, environmental impact reports, and bureaucracy that slows infrastructure down. We used to be able to build things quite quickly. E.g. The Bay Bridge was built in 5 years for $77 million (~$1.5 Billion today) in
674.
by rsj_hn 5y ago
Dig a hole and dump it in the hole. Then worry about real problems. I promise you no mutant monster will arise from the earth to destroy civilization. The hysteria over where we store this waste is really silly. Even if spray it into the ai
675.
by rsj_hn 5y ago
Are you comparing apples to apples? E.g. taxes, social contributions, social benefits, etc?
676.
by rsj_hn 5y ago
I think the problem is the gap between outrage and effective action. Outrage is what identifies a problem, but to solve the problem requires state capacity to deploy infrastructure cost effectively and at scale. Now we have no shortage of o
677.
by rsj_hn 5y ago
Do you get a low interest rate loan guaranteed by taxpayers when you bought that car? With provisions that payments would only be required after you got a job and that they would be capped as a percentage of income? And did you know that th
678.
by rsj_hn 5y ago
> China pledges to peak carbon emission by 2030 China pledged to peak Carbon emissions as a share of GDP by 2030. Not the same thing, given that GDP is increasing by 6-8% each year. Most Western nations already have had emissions per
679.
by rsj_hn 5y ago
> pledge to be free of fossil fueled power plants by 2025 Unlike pledges, which can be produced instantly, actually bringing reliable power online takes more than 3 years. It's these types of pledges that make the public view these
680.
by rsj_hn 5y ago
Down and Out is my favorite book. His essays were so much better than his fiction, IMO.
681.
by rsj_hn 5y ago
They already made a movie called "Wild Geese" (1978) starring Roger Moore and Richard Burton, inspired by the life of another adventurer, Mike Hoare. I recommend watching it. https://www.imdb.com/title/tt00784
682.
by rsj_hn 5y ago
I don't think it's just one thing. I wouldn't be surprised if almost every organ can be damaged somehow as a result of most kinds of viral outbreaks, so to make progress, it might be better to look at the specific clusters of
683.
by rsj_hn 5y ago
That's the job of utilities , not individual consumers. Look, if the government wants to migrate utilities away from gas for heating and replace that with something else, the way you to do that is to have the government build, or cont
684.
by rsj_hn 5y ago
> I know long covid sufferers personally The problem here is that covid is a respiratory disease, and as with any other serious respiratory disease, there can be a whole host of consequences that are long lasting. Everything from brain d
685.
by rsj_hn 5y ago
Companies pay the prevailing wage in whatever labor market they participate in. The prevailing wage in the UK is lower than in Silicon Valley, but higher than in, say, Oklahoma City. Not sure why people are still confused about this. But it
686.
by rsj_hn 5y ago
Industry was funding most of them, not universities. Because they were interested in all of the various applications to metallurgy, design of engines, new compounds and medicines, etc. To the degree that the public funded research, it was m
687.
by rsj_hn 5y ago
> This ignores the fact that dollar is used as a reserve currency. No, it's my whole damn point. Please re-read and stop it with the US "abusing" China by forcing them to run huge surpluses against us. These discussions ar
688.
by rsj_hn 5y ago
Ahh. So like "disposable fashion"
689.
by rsj_hn 5y ago
> I'm not sure if you're just expressing your personal concerns over what you believe can hypothetically happen, or whether you're grossly misinformed. So do you have an argument to make, or just a stream of ad hominem fol
690.
by rsj_hn 5y ago
Look, there are some table stakes before diving in with strong opinions, so the first thing to understand is the balance of payments identity, namely current account + changes in capital account = 0 http://www.econ.yale.edu/

More ›