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New sticky thread. (self.badeconomics)

wumbotarian"My name is Prescott: look upon my models and despair."[M] が 投稿 - stickied post

I'm making a new sticky because the old one has 200+ comments and a new one won't drop for 2 days. Post stuff here.

I don't think this violates my RI mandate.

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トップ新着論争中古い順Q&A

[–]Tiakoneo-mercantilist 12ポイント13ポイント  (6子コメント)

Oxi!

No matter what you think of the vote, it will be great for macro economists. Never a better time to get views on a blog post or to submit some freelance analysis.

[–]SubotanEcon-senpai~~ 9ポイント10ポイント  (4子コメント)

The conspiracists never seem to come to the realization that economists profit from economic crisis not from being in the pocket of the Central Banksters but from new opportunities to write papers.

Seriously tho, this is a complete fucking disaster, both from an economic and a political (pro-European) point of view. It's the worst setback for Europe since the War.

[–]haalidoodiThe Magic Aggregate Demand Fairy 6ポイント7ポイント  (0子コメント)

Honestly, I'm just fine with sitting back and eating my popcorn at this point. All sympathy I had for Greeks disappeared a long time ago. Why can't they be like us Poles? It's simple: you be a good little pet to Germany, and in return you get hundreds of billions of euros and no complaints!

[–]Tiakoneo-mercantilist 2ポイント3ポイント  (2子コメント)

I don't see it triggering Grexit unless Greece itself decides to leave. The troika knows that Greece leaving will just give ammunition to UK Euroskeptics, and the UK leaving is actually feasible.

My own view is that austerity measures transformed a financial crisis into an economic one, and increasingly in the last two years into a humanitarian one. I kind of agree with Krugman that slashing pensions again isn't a real solution.

I am not an economist though!

[–]MildlyEoghanDon't Prax Me, Bro! 3ポイント4ポイント  (1子コメント)

I don't see it triggering Grexit unless Greece itself decides to leave.

The ECB's refusal to keep Greek banks liquid will drive them out of the Euro if the creditors don't get what they want.

[–]Tiakoneo-mercantilist 3ポイント4ポイント  (0子コメント)

Which might be for the best, but I don't see this being the last word. I mean, it's the EU. It's a political matter.

[–]MildlyEoghanDon't Prax Me, Bro! 5ポイント6ポイント  (0子コメント)

Yep, the economists I follow on Twitter are having a field day ripping into the Eurogroup.

[–]usrname42There is no God but Keynes, and Krugman is his prophet 5ポイント6ポイント  (1子コメント)

Do you think we should start doing daily threads now? We seem to get enough comments.

[–]wumbotarian"My name is Prescott: look upon my models and despair."[S] 1ポイント2ポイント  (0子コメント)

Not daily, but I think every two or three days. I'll talk with the other mods.

[–]Oediumpareto efficiency is possible if we just kill the right people 4ポイント5ポイント  (1子コメント)

Fun fact: The last United Auto Workers negotiations finalized were secret to non-negotiators until it was put to vote, a vote that was exclusively up or down and non-amenamble.

[–]CutOffUrJohnson 0ポイント1ポイント  (0子コメント)

TIL the auto industry collapsed and that the union can sue employees for lost profits.

[–]bananameltdown 1ポイント2ポイント  (0子コメント)

Anyone have an insight on the Chinese markets, specifically the government interventions in the Stock Market?

Besides the however many bln RMB in stock they're about to buy, securities companies have been ordered to buy stocks totalling 15% of their registered capital (I think), this week's IPOs are cancelled, and insurance companies have been told to increase their stock holdings. The stated goal as I understand is to get prices up to last week's 5 day average. My wife is a bit of an insider to the situation and believes they should have let the market fix itself, but that now the interventions have made that impossible.

There's also a video going around of the CSRC's chairman's, Xiao Gang, job interview. In it he is saying that when he went to university he really wanted to study Chinese philosophy, but his entrance scores were too low. The only program he could get accepted to was finance, and he had know idea what finance was. It is not really helping investor confidence.

[–]SoyElGoddamnBatmanI don't really know anything, honestly 1ポイント2ポイント  (3子コメント)

Thanks, buddy.

I have a question for everyone who has been answering all my economics questions in the discussion threads:

Am I being annoying or parasitic? I have a few questions lined up, but I would hate to be a bother unintentionally. On the one hand, you're doing work informing me about things I could google (albeit with difficulty). On the other, you might feel you're sharing your knowledge and making the world a more intelligent place — and it's appreciated. I could see it going either way.

So let me know if I'm annoying you with my dumb questions, and I'll stop.

[–]haalidoodiThe Magic Aggregate Demand Fairy 1ポイント2ポイント  (1子コメント)

We're not /r/badphilosophy, we're a learning sub as well as a badacademics sub. I for one have been fine with your presence as well as that of any other less economically knowledgeable person, so long as you don't act like a brat.

[–]SoyElGoddamnBatmanI don't really know anything, honestly 0ポイント1ポイント  (0子コメント)

Thanks, buddy.

I enjoyed your labor union discussion in the child comments to my other question, even though I didn't comment or anything. I followed a friend's lead and thought unions were the bee's knees. I'm even a lapsed member of the IWW technically.

[–]centurion44Milton spoke to me from a burning treasury note 1ポイント2ポイント  (0子コメント)

No, most of us just like discussion and dank memes. Questions, discussion points, just general talks are quite enjoyable. So you do you.

[–]Meta-Cognition"Neoclassical Bernankean shill" 0ポイント1ポイント  (0子コメント)

Out of interest, what's the general opinion of Lawrence White, both here and among the wider profession?

[–]lorentz65DEMAND FOR THE DEMAND GOD! 0ポイント1ポイント  (3子コメント)

Tomorrow I start my diff eq summer course. Anyone got any suggestions or anything?

[–]p0m"I had a (Keynesian, I guess) economics professor" 2ポイント3ポイント  (0子コメント)

If you're brushed up on your integral calculus (integration by parts, basic integration rules, etc) and don't make many silly math errors, diff eq isn't actually that scary.

[–]wumbotarian"My name is Prescott: look upon my models and despair."[S] 0ポイント1ポイント  (1子コメント)

Brush up on integrals. Learn to recognize integrals and their associated general solutions.

Diff Eq was one of my favorite math courses. Unfortunately I still don't get systems of differential equations but Laplace transforms were fun

[–]say_wot_againI guess I mod /r/goodeconomics now? 1ポイント2ポイント  (0子コメント)

Learn to recognize integrals

It'd be easier if he started his posts with "Economist here!"

[–]NewmanTheScofflawDingo ate my textbook 0ポイント1ポイント  (6子コメント)

Taking a my first computer science class, in Python. How do you prepare for the class in terms of studying and taking notes, seems foreign to me.

[–]___OccamsChainsaw___Garrett 4 Fed Gov. 2ポイント3ポイント  (2子コメント)

My experience with CPSC classes (which might not be transferable considering I loath programming with a revulsion usually reserved for people who like the movie Primer) is that you have to learn by doing. Sitting down with the script editor for an hour is better than a whole day spent memorizing syntax.

[–]a_s_h_e_nA stable currency, like bitcoin 1ポイント2ポイント  (1子コメント)

Primer fanboys act like it's the best time travel movie ever, I'll never get it.

[–]___OccamsChainsaw___Garrett 4 Fed Gov. 1ポイント2ポイント  (0子コメント)

Like, I appreciate that the film doesn't dumb itself down with respect to it being hard sci-fi, but the plot did not need to be as unclear as it was. And the characters are the most aggressively boring white-bread white-collar personalityless uncultured narrative-dialogue-delivery-vehicles I've ever seen (i.e., what you get when you let an engineering type write fiction).

[–]say_wot_againI guess I mod /r/goodeconomics now? 1ポイント2ポイント  (0子コメント)

Ooh fun! I always felt that more than taking notes, it's really helpful to try to reimplement any code examples or exercises yourself to understand how they work. Also, if you get stuck or need to look up a bit of syntax, get in the habit of Googling your problems. Even if they have a course reader, learning how to effectively Google your coding problems will save you lots of time in the long run.

[–]Durpel 1ポイント2ポイント  (0子コメント)

if youre taking a cs 101 course you'll mostly just go over standard library (printline etc) stuff and the very beginning object orientation, so unless youre totally computer illiterate you dont need to prepare. cs is a lot like math in that reading and taking notes arent great substitutes for actually writing programs. just write code and youll figure it out

[–]dirtfer 0ポイント1ポイント  (0子コメント)

I never really took notes on most things, the best way to study is to do some programming in your free time.

[–]urnbabyurnNeoPanglossian 0ポイント1ポイント  (0子コメント)

Anyone use Moblab (http://www.moblab.com) in classes?

[–]complexsystemsMWG is my homeboy 0ポイント1ポイント  (0子コメント)

This is badecon because WE DON'T NEED NO CENTRAL PLANNERS HERE.