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Apps 55753818692 57604852 9cfb5a666c56e52ae2f81297bcf2c9ab
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The link doesn't work. This one does. https://blogs.scientificamerican.com/mind-guest-blog/the-irrationality-within-us/
Toggle Commented Dec 13, 2016 on The Irrationality Within Us at Economist's View
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The interview is wonderfully informative. I have an issue with the title. Brexit was not a major topic of discussion. It was more on the effects of globalization the the perception of those effects, along with climate change and interlaced with everything political economy. The way I phrased it when I linked to it was; "It's about what the debates should have focused on."
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A fact that is often left out of the Copernicus story is that he did not eliminate the need for epicycles and eccentrics. By putting the sun at the center he needed far fewer epicycles than Ptolemy. They were still needed because he assumed that orbits were circular while in fact they are elliptical. It wasn't till Kepler was able to break free of the Platonic notion of perfection through perfect circles and used ellipses that the need for epicycles disappeared. The resulting system was simple enough to allow Newton to come up with the deeper theory of Universal Gravitation from which don't just describe the orbits of planets but explain them.
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what's the weather? Bernie and Trump are dependent on first time caucusers. if the weather is bad fewer of them will show up. I'm going with Hillary and Trump but think it likely one of them will lose.
Toggle Commented Feb 1, 2016 on Predictions? at Economist's View
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Why bring up childbearing age. The effect is most pronounced in the 46-54 age group. If childbearing age was the key it would hit younger women more. But that is the age range when menopause hits. Just such a strange way of putting it. Why not just say "women 46-54?
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The question is if the Fed puts on the breaks as soon as wages rise faster than productivity how will the ground that workers have lost to capital ever be made up? It enshrines inequality.
Toggle Commented Nov 10, 2015 on Questions for Monetary Policy at Economist's View
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Of course congress wants to cut the budget, it combines two things the Republicans despise, the government of the United States of America and empirical research.
Toggle Commented Oct 10, 2015 on 'Don’t Starve the BLS' at Economist's View
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So the market was a poor predictor when we were in the midst of events unprecedented in the investors lifetimes. Look at the wide spread of opinions of what would happen to inflation and interests rates. The hawks were sure we were going to become Zimbabwe. Krugman thought we might face deflation, he was a lot closer. So yes the markets did a poor job when they had no experience with what was going on. Why was the study confined to such an aberrant period? Was this the conclusion the authors wanted?
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"leaving the less fortunate, on net, far worse off." I suspect to many that's a feature not a bug.
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"Why does inflation get so much more attention from some people?" We all know the answer. Inflation disproportionately affects the rich while unemployment actually benefits those that pay other people to do work.
Toggle Commented Sep 9, 2015 on The Fed Must Act Soon? Why? at Economist's View
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I've blogged daily since November 2000 and I'm still going strong. Blogging better not be dead.
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The argument for it seems specious. States and localities would be banned from making tax breaks to specific businesses and industries, not general tax rates. If Republicana wants to have no business taxes they could. What they can't do is give businesses special exemptions.
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The textbook says ""Generous unemployment benefits CAN increase both structural and frictional unemployment." It doesn't say it will. It's like saying a useful medication can cause have a harmful side effect. It doesn't mean you never prescribe it. The critics are either terrible readers who don't know the meaning of "can" or hypocrites themselves.
I know that feeling well. I don't have to grade I have to make up a test and a final. It makes you appreciate the end of the semester.
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The entire deficit issue is based on misrepresenting the problem. We don't have a general future budget crisis. What we have is the cost of healthcare rising faster than economic growth. Obviously that can't go on forever as eventually healthcare would cost more than the GDP. Everything else including social security could be handled by tweaking the system. First off we don't even know if healthcare spending will continue on this trajectory, we just know that it is now. If it does then the only thing that will work are plans to slow down the growth in health care costs. The Republicans don't offer plans. They just put an arbitrary cap on how much the government would spend which would just leave the rising costs to the individual. That's fine for the rich who can afford it. For those that can't too bad. It cuts the rise in health care spending by denying it to those that can't afford it. We are going to have to make tough decisions on health care spending. We can't afford to spend money on treatments that aren't effective. The ACA actually addresses that. People shouldn't get tests just because the test exists. That doesn't even improve the outcomes. In Europe the do a lot less cancer screening but don't have more cancer deaths. We have to get over the idea that more is always better.
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It's all point of view. If you only care about is the wealthy than inflation is more important that unemployment, their assets are being relatively devalued. The suffering of those horrible poor people is a small price to pay to prevent that.
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Apps 55753818692 57604852 9cfb5a666c56e52ae2f81297bcf2c9ab is now following The Typepad Team
Apr 15, 2011