thomashobohm

7 ms·

31.
by thomashobohm 6y ago
I'm not sure what your point is? The comment I was replying to said "we know this is always true" I said, actually, economists aren't really sure about that issue. If your concern is that economists aren't good at m
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by thomashobohm 6y ago
"Most economists" never believed that. Lots of people in finance did, sure, but they're not economists.
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by thomashobohm 6y ago
Yes, this is a good methodology: we should take the lowest point of a random ETF, extrapolate it out, and use that number in our analysis of the Fed's actions. edit: they edited their comment extensively after I sent this haha.
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by thomashobohm 6y ago
This is not accurate. A "plummet" in value when it comes to the fallen angels that the Fed is purchasing is more like a 10% drop, and even if you treat the difference between the "true" value of the bonds (if the Fed did
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by thomashobohm 6y ago
I have no idea why you're being downvoted; anybody should be able to understand that the Fed is independent (from the "government" in the typical sense of the word, but especially from private interests) by simply googling it
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by thomashobohm 6y ago
Absolutely BEGGING you to figure out the difference between the Fed and the Treasury.
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by thomashobohm 6y ago
Sorry, let me be clear: by "smart people" I mean economists who have spent their lives studying monetary and fiscal policy and analyzing how it can be used to make the world a better place. Not sure why the onus is on me to be &qu
38.
by thomashobohm 6y ago
Uh, actually, the notion that the economy has the capacity to provide enough for everyone is a falsifiable statement supported by facts. You can analyze the total amount of resources and the amount of work required to produce them, and figu
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by thomashobohm 6y ago
That's not how any of this works; inflation statistics are calculated by the Bureau of Labor Statistic, independently of the Federal Reserve. There's no conspiracy among Fed economists to try and hide inflation.
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by thomashobohm 6y ago
These things are not known, actually. There are people much smarter than you or me that would disagree with your sentiment that "we know MMT is a bad long term policy."
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by thomashobohm 6y ago
That is NOT what M2 means! Have you discounted the value of the ETFs and bonds the Fed has purchased? They're not suddenly valueless.
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by thomashobohm 6y ago
The actual reason why inflation hurts young people has to do with economic stability and its cascading effects on the economy. A period of significant inflation can wipe out generational mobility. Inflation has a minimal effect on "clo
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by thomashobohm 6y ago
This is inaccurate; most economists think we're most likely to see deflation over the next several months as demand collapses. Considering the position of the dollar, a "monetary implosion" like you're describing is stil
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by thomashobohm 6y ago
What are you even talking about?
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by thomashobohm 6y ago
Love the interface!
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by thomashobohm 6y ago
I really have no idea what large parts of this comment are supposed to mean. Regardless: What is the "monster" in this case? Obsession? That's just a feeling; in a vacuum, there's nothing wrong with it. No philosopher, N
47.
by thomashobohm 6y ago
I have no stake in this at all and (I literally just learned what "Wolfram Derangement Syndrome" was by reading the comments that you linked to). It looks like you've said several times in the past that the people talking abo
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by thomashobohm 7y ago
Please show me a single time in history when the Fed has implemented a fiscal stimulus. I'll wait. I, personally, believe we need a stimulus for working families, and that we should significantly increase taxes on capital owners, etc.
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by thomashobohm 7y ago
Yes, giving money to people/governments directly is a good idea, but it's not something the Fed can actually do. The government has to step in for that sort of policy. This isn't "creating money as private debt"-it&
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by thomashobohm 7y ago
Any state that wants a loan can get one. This isn't really a "stimulus" per se; the Fed is just ensuring that states facing short term liquidity issues can continue operating. To solve the broader structural problems at play,
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by thomashobohm 7y ago
I mean, panic attacks have no "real" cause by definition. They are your body overreacting in response to a perceived threat that isn't really there; they are a type of cognitive distortion. If a panic attack was in response t
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by thomashobohm 7y ago
I deal with a panic disorder and what you're describing sounds super similar to what a garden-variety panic attack is like. Especially the part about your heart rate rising but your oxygen saturation staying pretty much the same (the d
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by thomashobohm 7y ago
I'm still in school and am just starting to get into more difficult math; right now I'm learning introductory odes, vector calculus, and introductory analysis. All three are really enjoyable, but in some ways vector calculus and d