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Jeff Y.
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I would put it only slightly differently: They resent their own benightedness and they project that right onto "the elites" (the non-beknighted).
Toggle Commented Nov 29, 2016 on On Krugman And The Working Class at Economist's View
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Good point. Although in this case he is not "preaching" tolerance but rather basic decency and safety. I'll take it.
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What a ham-handed dog-whistle. You didn't even use it right.
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Isn't the broader political question, "What is the appeal of the know-nothing (i.e. lesser information) approach of Donald and supporters?"? There seems to be whole "don't confuse me with facts/numbers" betting faction out there...
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Sure it will work, somewhat. "Duration of unemployment" is a dumb HR filter. Turn it off and let an interviewer evaluate candidates and their record in person. Not that it addresses the overall unemployment problem at all. It only works around the margins, for both the unemployed and the employers (and the government stats).
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The corresponding internal staff meeting went more like: "So there was some in-house benefit calculus done that prioritized a shared but personal political agenda over the stated mission of this FRB and the FR as a whole?" http://www.youtube.com/watch?v=lsfaShsvjdg
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So yeah, short answer is, "I was misinformed" (and left in an intellectual desert in front of my colleagues) by my staff. http://www.youtube.com/watch?v=yAlENsvnWhk
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@Maj, http://en.wikipedia.org/wiki/Ithaca_Hours
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@vaidas, Aren't you just describing derivatives?
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See also: http://en.wikipedia.org/wiki/Reductionism#In_science
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@Ralph, to expand a bit on what Nick said, you would have to declare Bernoulli's work (fluid dynamics), Boyle's Law, Maxwell's equations, etc. etc. as all "nothing resembling science" because they don't explain in terms of motions/interactions of fluid molecules, gas molecules, electrons, etc. It is a type of reiki cation fallacy: http://en.wikipedia.org/wiki/Map–territory_relation#Relationship
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@Nick, sure money is fungible, but (macro) money transactions are largely, we hope, not. We don't sit down with a Mr. Gates at the poker table and say, Wow where'd he get all that moola? :-) IRS requires reporting transactions $10000 and over. Swiss bank accounts are coming under scrutiny. Of course there *is* the underground economy (pipes under the lake) to worry about...
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@Ralph, thanks for the additional mechanisms, but a couple of clarifications -- The "sideways" I referred to was excess north surface water sliding to the south (on the surface), And that is a simpler explanation than invoking internal pressures etc. And that's kind of the point -- jumping to one such mechanism over the other doesn't make much sense, as the actuality is that mixtures of both, and additional others, are what likely occurs. See Nick' reply about "dye". On the other hand, I take the point, also made by Krugman, that there *is* mechanism and that its *existence* if not its details is important.
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@Ralph, gravity is insufficient by itself as "the" mechanism of water leveling. Because gravity alone does not explain the leveling. How do the individual new rain water molecules move? Down, pushing lower molecules sideways, pushing other molecules up? Or mostly sideways sliding over the surface of the existing water? Or both? Or something else? I don't a glib "gravity" grapples with the point at all.
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Umm, @Mike, he was talking about actual water.
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Oct 27, 2013