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Sticky for 7/13/2015 (self.badeconomics)

wumbotarianI want to be the Walrasian Auctioneer when I grow up[M] が 投稿 - stickied post

New sticky. Automod won't drop one until tomorrow. Ask questions like "Is mayonnaise badeconomics?" or whatever.

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トップ新着論争中古い順Q&A

[–]Jericho_Hill"OFFICIALLY" Retarded Economist 7ポイント8ポイント  (3子コメント)

Final Proposal Submitted. Let the committee upvotes begin!

[–]commentsrusBring maymayday back! 3ポイント4ポイント  (2子コメント)

Upvoted for using rainfall as an instrument.

[–]wumbotarianI want to be the Walrasian Auctioneer when I grow up[S] 3ポイント4ポイント  (0子コメント)

Not a river?

[–]Jericho_Hill"OFFICIALLY" Retarded Economist 1ポイント2ポイント  (0子コメント)

Ha! Well, I did do that!

[–]SoyElGoddamnBatmanI don't really know anything, honestly 4ポイント5ポイント  (10子コメント)

Name one (or more, if you want) of the following:

  1. A tax that should be raised

  2. A tax that should be lowered

  3. A tax that should remaind about the same

  4. A new tax

  5. A tax that should be abolished

[–]Jericho_Hill"OFFICIALLY" Retarded Economist 4ポイント5ポイント  (2子コメント)

  1. Gas tax. We're clearly failing to price this right to pay for road maintenance, which is supposedly the point.

  2. Corporate Income tax (Its essentially double taxation)

  3. Income

  4. Carbon Tax

  5. Property taxes should not fund local schools.

[–]irondeepbicycleI got 99 problems but technological unemployment ain't one 2ポイント3ポイント  (1子コメント)

  1. Gas tax. We're clearly failing to price this right to pay for road maintenance, which is supposedly the point.

not to mention, we don't even try to use the gas tax to address other externalities caused by driving, like noise pollution, congestion, traffic fatalities, etc.

[–]Jericho_Hill"OFFICIALLY" Retarded Economist 1ポイント2ポイント  (0子コメント)

dude. externalities don't real. prax it out bro.

I wish I got a tax writeoff or something for riding an eco-friendlier scooter/motorcycle rather than an SUV into work every day.

[–]commentsrusBring maymayday back! 4ポイント5ポイント  (0子コメント)

As someone who doesn't specialize in taxes (or anything, for that matter):

A tax that should be raised

Probably the gas tax? Federal and/or state, idk.

A tax that should be lowered

Does a negative income tax for low-earners count as a reduction of the income tax?

A tax that should remaind about the same

The art tax in Portland, Oregon. It's current level of $35 per year achieves the optimal level of annoyance and tediousness.

A new tax

The CommentsRUs Flat Tax for American Prosperity, which takes a penny from each person in the U.S. and gives it to me. If you're a m'lady you may be eligible for a partial refund. ;)

But on a less serious note, a carbon tax.

A tax that should be abolished

The government. laugh track ZIMBABWE!!!!1

[–]say_wot_againI guess I mod /r/goodeconomics now? 2ポイント3ポイント  (2子コメント)

Presented in decreasing order of confidence:

  1. Consumption tax/VAT

  2. Corporate income tax

  3. Estate tax

  4. Capital gains tax

? Personal income tax

? Payroll tax

? Property taxes

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

Gotta give it the old backslash. I read the source though.

[–]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)

Ah

[–]irondeepbicycleI got 99 problems but technological unemployment ain't one 1ポイント2ポイント  (0子コメント)

  1. Gas tax.

  2. Cap gains tax.

  3. Liquor tax?

  4. LVT.

  5. Corporate income tax.

[–]alexhoyerhoard plywood now for our ANCAP overlords 1ポイント2ポイント  (0子コメント)

  1. Cap and trade count?
  2. Corporate income tax
  3. Sales tax Import duties (close enough to zero)
  4. Land value tax
  5. Capital taxes

[–]Meta-Cognition"Neoclassical Bernankean shill" 1ポイント2ポイント  (0子コメント)

  1. VAT.

  2. Income tax.

  3. Environmental taxes.

  4. Land value tax, at least in urban areas.

  5. Corporation tax.

EDIT: Note that I'm British. I'd be arguing for more environmental taxes were I American.

[–]PonderayFollows an AR(1) process 3ポイント4ポイント  (5子コメント)

Macro qual tomorrow. Hoping for a good realization of my productivity process.

[–]Jericho_Hill"OFFICIALLY" Retarded Economist 1ポイント2ポイント  (2子コメント)

You'll do fine. Just remember that if you're stumped, so are all your classmates except that one overachiever.

[–]besttrousers"Then again, I have pegged you for a Neoclassical/Austrian." 0ポイント1ポイント  (1子コメント)

Ugh. Hate that guy.

[–]Jericho_Hill"OFFICIALLY" Retarded Economist 2ポイント3ポイント  (0子コメント)

that guy is probably integral.

[–]IntegraldsI am the rep agent AMA 1ポイント2ポイント  (0子コメント)

I will sacrifice a sheep on the alter of Modern Macro tonight for you.

I bless you in the name of the Friedman, and the Lucas, and the Holy Prescott, may your agents be representative and your problems be concave-convex.

[–]wumbotarianI want to be the Walrasian Auctioneer when I grow up[S] 0ポイント1ポイント  (0子コメント)

Good luck buddy! May the Macro Gods be with you.

[–]Redug345cancer is also a "growth miracle" 4ポイント5ポイント  (2子コメント)

Is mayonnaise badeconomics?

EDIT:

Alternatively, is mayonnaise a strong instrument?

[–]TychoTiberiusKeynes never died, he just changed his name to Satoshi. 2ポイント3ポイント  (1子コメント)

I hear that Volcker preferred mayo and Bernanke preferred miracle whip. You be the judge.

[–]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)

So miracle whip is as hyperinflationary as it is fattening?

[–]Meta-Cognition"Neoclassical Bernankean shill" 3ポイント4ポイント  (6子コメント)

Asked in r/AskSocialScience, but since it's full of Marxists I'll ask it here and hopefully get some balance: Where did Marx fuck up? Where does Marxian theory not coalesce with the evidence?

I also asked this in the last sticky, but unfortunately got no response: Bernanke's global savings glut, yay or nay?

[–]alexhoyerhoard plywood now for our ANCAP overlords 3ポイント4ポイント  (0子コメント)

There are four areas where I'd say Marx royally fucked it up. First, in the Manifesto he predicted capitalism would naturally preclude the formation of a middle class (capitalists and serfs alone). Second, Marx failed to predict the rise of nationalism as a means of pitting the proletariat against one another (he couldn't really explain why the proletariat engaged in WW1). Third, the Labor Theory of Value has been refuted by marginalism as a theory of price. Fourth, perhaps most importantly, Marx didn't use enough math to make keep his ideas straight.

[–]commentsrusBring maymayday back! 2ポイント3ポイント  (1子コメント)

My comments:

  1. I have a question. What does anyone think about Lawrence Kotlikoff running for President in 2012? What do you think of his platform? I don't mean to run these "What do economists think is the best presidential platform" questions into the ground, but this was literally an economist running for president, so I thought you guys might care.

  2. I'm pretty sure /u/besttrousers is pulling the top post from /r/econpapers each week for the new AotW on /r/economics, so maybe consider submitting shit there, too.

  3. Working on my response to /u/cutlasss about the economics of prostitution legalization/illegalization. Don't worry! I just needed to find the time to crack open my old thesis and papers and get back into the swing of things. My thesis wasn't on legalization per se, but since that's the issue with the most lit (the econ of prostitution lit is surprisingly scarce) I had to cover it, as well.

  4. In the meantime, please come to /r/economichistory so that my existence is validated. I've got my RSS feed shit together so there will be actual content.

When in doubt, prax it out.

Sincerely,

Comments R' Us

Glorious Dear Leader of the Econo-Meme Team

[–]Jericho_Hill"OFFICIALLY" Retarded Economist 3ポイント4ポイント  (0子コメント)

1) His purple plans include proposals that Red Republicans would hate, along with Blue Democrats...its mixing oil and vinegar. His platform ideas seem to fail very basic game theory tests...he's asking people to act against their individual incentives... he should know better.

2) Zzz. Needs more shill.

3) Please let me know what the going rate is. For research...

4) I subbed your sub.

That, and