viburnum

22 ms·

211.
by viburnum 6y ago
Free market types love the sticky wages idea because it blames workers for their own unemployment (which is really caused by inequality, incomplete contracts, the unstable dynamics of investment, etc). The irrelevance of sticky wages was so
212.
by viburnum 6y ago
I’ve been reading Cowen for nearly twenty years. He plays dumb when he gets caught out (“I’m not really a macroeconomist,” “I’m not really familiar with Keynes,” etc). Think of him as a lawyer representing his client. He’s not going to intr
213.
by viburnum 6y ago
Samuelson literally self-censored his textbook in the wake of the Mccarthyite campaign against Lorie Tarshis. A similar campaigned blocked Galbraith from chairing the department at the University of Illinois. One thing Cowen has in common
214.
by viburnum 6y ago
You may believe what you do sincerely but if you believed otherwise then someone else would have had your job.
215.
by viburnum 6y ago
His paycheck literally comes from the Koch brothers. Nobody is required to be naive about this.
216.
by viburnum 6y ago
There aren’t that many econ textbooks. The others are all trying to do the same thing, stuck in the past in different ways.
217.
by viburnum 6y ago
“The Worldly Philosohers” is very good. Economics is full of controversies and contested ideas so it’s best to take them head on rather than pretending it’s physics. If you’re looking for a textbook, this is the best (it’s also free): http
218.
by viburnum 6y ago
This is a good example of how so much economics is meant to distract you from what’s important. Cowen is framing economics to exclude things like unemployment, the process by which investment, savings, and income are determined, and the dis
219.
by viburnum 6y ago
Rare plants are cloned all the time but it’s easy so nobody notices.
220.
by viburnum 6y ago
Even if you got the construction costs down and were willing to suffer the inefficiency of low population densities, neighborhood streets and buildings are still hostile to people who aren’t in cars. To do it right you have to rethink every
221.
by viburnum 6y ago
Nobody tell the author about Japan.
222.
by viburnum 6y ago
Financial institutions (such as hedge funds) borrow money for leverage but the rentier class as a whole are creditors. Raising rates pulls money out of the system but it also gives money to rentiers.
223.
by viburnum 6y ago
That's really cool you looked up the press release! Yeah, that's right, the central bank sets the rate. But the government could have managed inflation by other means, by regulation, raising taxes (perhaps on those who could most
224.
by viburnum 6y ago
Right, why was that the overnight lending rate?
225.
by viburnum 6y ago
Why were bond interest rates ever that high in the first place?
226.
by viburnum 6y ago
Where else are rich people going to park their money? The demand for investable assets has gone way up because rich people have gotten much richer, and rich people around the world (such as newly minted emerging market billionaires) often p
227.
by viburnum 6y ago
That’s what I did. Got to reuse my iPhone 6 case too.
228.
by viburnum 6y ago
It’s too expensive, that’s why!
229.
by viburnum 6y ago
Half the people I like on twitter are moving to substack.
230.
Not all early human societies were small-scale egalitarian bands(aeon.co)
2 points by viburnum 6y ago|0 comments
231.
by viburnum 6y ago
Jan Gehl is all over this. "How to Study Public Life" is particularly good. People interested in a complex understanding of streets and public spaces will want to check him out.
232.
by viburnum 6y ago
The word is “stole”
233.
'Price gouging from Covid': student ebooks costing up to 500% more than in print(theguardian.com)
55 points by viburnum 6y ago|11 comments
234.
by viburnum 6y ago
The funny thing is his blog posts are really solid and well-argued. I think his movies are cool but I’ve never actually made it to the end of one, all the drama is too much for me.
235.
The GameStop Bubble Is a Lesson in Absurdity(jacobinmag.com)
2 points by viburnum 6y ago|0 comments
236.
by viburnum 6y ago
Cars. When everyone has one then traffic and sprawl cancel the speed advantages. Without all the highways and parking lots and overbuilt roads you could walk in the same time.
237.
New PNAS paper: Income is a poor way to improve well-being(lindeloev.net)
3 points by viburnum 6y ago|1 comments
238.
Early warnings of Covid-19 outbreaks across Europe from social media(nature.com)
1 points by viburnum 6y ago|0 comments
239.
The Gap in Sleep Equality(tribunemag.co.uk)
1 points by viburnum 6y ago|0 comments
240.
by viburnum 6y ago
220 pages! That alone makes React a poor choice.

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