全 15 件のコメント

[–]xorchidsExpert at economics I know what bitcoins are 2ポイント3ポイント  (0子コメント)

Good bye dear leader, see you tomorrow just as frequently

[–]devinejohSecretary of the Bitcoin Treasury 2ポイント3ポイント  (3子コメント)

Writ has dropped, 11 week federal election campaign, I am not looking forward to it. Frankly I'm just not ready.

Also, Canadians of /r/badeconomics, where do you see this election going? Does anyone actually care?

[–]irwin08Milton Friedman predicted Bitcoin 0ポイント1ポイント  (0子コメント)

I'm just not ready.

lol

where do you see this election going? Does anyone actually care?

The Conservatives are probably going to win this one, the Liberals are a joke right now and the NDP is the NDP. Although I doubt it will be a majority.

[–]___OccamsChainsaw___I love endogenous expectations. They're so bad. 0ポイント1ポイント  (0子コメント)

Crap shoot at this point. If I had to make a bet it'd be Tory minority w/ NDP opposition, but it could easily go any which way. The NDP won in Alberta this year ffs.

[–]NewmanTheScofflawRA for Ethan Hunt 0ポイント1ポイント  (0子コメント)

I am trying to care but something about electoral politics is incredibly boring.

Probably going to be a CPC minority with NDP opposition or the other way around. That seems to be the new normal.

[–]irwin08Milton Friedman predicted Bitcoin 2ポイント3ポイント  (0子コメント)

Increasing the supply of stickies is good economics, I think.

Hyperstickflation is coming!

[–]CatFortune 0ポイント1ポイント  (3子コメント)

There’s a biology professor at my alma matter, Paul Bingham, who teaches a course on a theory of his that is meant to explain “human uniqueness.” It doesn’t have anything direct to do with economics, other than an intersection on studying human behavior, but it has captivated many young minds at the university, including my own, and I’m curious what this group of people think about how it explains behavior. I’ve since given into to my gnawing suspicion that it’s a BS theory, but I am still intrigued by it.

It’s called the coalitional enforcement hypothesis, and it is explained here. Looking at it briefly, I suspect it will be received as, at best, an entertaining read.

If you want a TL;DR, basically uniquely human levels of cooperation arose from the evolution of the ability to throw with such skill as to kill conspecifics from a distance with a diminished cost. This created the ability for a group of humans to cooperate more efficiently vis-a-vis the capacity to enforce that cooperation by killing freeloaders and antagonists (by throwing shit at them until they died). So with the ability to cooperate and its beneficial effects on human survival, humans began evolving the traits we see today (e.g., intelligence, language, human morality, etc.), as they are favorable for cooperation. The theory goes on to explain that human history can be broken down into steps of escalating scale of human distance killing and likewise escalating scale of human cooperation.

That might not be the best TL;DR; I was registered for the course, but dropped out due to a hospitalization, and only sat in on the class after I graduated. Still, I can try to discuss what I remember if you’re too lazy to read the link.

[–]xorchidsExpert at economics I know what bitcoins are -3ポイント-2ポイント  (2子コメント)

I cringe when I see something that belongs in /r/psychology (the hatred for the subject runs deep)

But let's turn that down. I have a distaste for participating in the market economy (it is exploitation as far as I'm concerned) and thus have some stranger than average views on the social welfare state. I find it to be quite laughable how the general population will go after someone who is receiving welfare before they will go after a CEO who takes a unmentionable salary. There is definitely some reason behind this, as we have an ingrained hatred of moochers, freeloaders. CEOs sure have their hatred, but it isn't nearly as much from what I can see. While we seem to mindlessly obey people inventing nonsense such as private property and selling you water, food, etc. Sorry - the concept of private property is something I will never understand the justifications for but I digress. People would rather go after someone doing the former, who is getting money to basically live very minimally. Is the idea of social welfare appealing? Sure it is, but the statistics are there - and not many people abuse the system. If you're lucky enough to live in a country with a decent social welfare system and you also have the personality of traits of minimalist and modesty - freeloading can start to look pretty good.

[–]prillin101 0ポイント1ポイント  (1子コメント)

Did you mean to reply to someone else?

[–]xorchidsExpert at economics I know what bitcoins are 0ポイント1ポイント  (0子コメント)

Nope I don't think so. I'd make a joke about not being able to read but unfortunately my reading kinda sucks at times

[–]UltSomnia 0ポイント1ポイント  (2子コメント)

So I just saw that my Dunkin Donuts was fair trade. The consensus is this does nothing right? Well, not counting what it does for DD marketing, at least.

[–]___OccamsChainsaw___I love endogenous expectations. They're so bad. 1ポイント2ポイント  (0子コメント)

Pretty much. The cost of certification eats up any potential benefits to the growers and then some, and what benefits that do exist are realized only by growers who are already comparatively well off. Not to mention that the quality of the beans is usually shit.

Much better is direct trade, where the roaster develops specific relationships with singular growers at a higher price, which is good for the grower (I'm not sure how much better though). Single-source coffee is also of such a higher quality than the trash most people usually get that I can't even put it into words.

[–]xorchidsExpert at economics I know what bitcoins are -3ポイント-2ポイント  (0子コメント)

Be right back, let me take off my capitalist sunglasses and put on my hipster ones. You know, I think I broke my hipster ones I'm going to go get a new pair from Walmart

Just another day, another dollar for Americans to feel like they're doing good in the world

[–]strayadvice 0ポイント1ポイント  (0子コメント)

On Krugman's "A country is not a Company", I'm not sure I completely understand what he's saying. Copying my comment from elsewhere:

I'm still debated about it. The central assumption to his entire article is that countries are closed systems but companies are open. Of course, I'm sure he'd agree about varying degrees of openness and closeness, and that countries are more closed while companies are more open. Otherwise, there has to be a transition point somewhere between the two scales where the laws change like a singularity.

However, I feel he ignores, at least in the article, transient effects that would occur in trade. If one considers trade is transient, that could change all the arguments he makes about accounting. For example, he talks about capital inflows resulting in trade deficits, but does that happen coincidentally or is there a lag? Once you consider there might be lags, does the argument still hold?

One of the commenters had an interesting question, does the closed-ness of a country still hold in a globalized world? Why is a country closed but a state/city open? Why does the same argument not apply to the comparison between the world and a country?

[–]prillin101 0ポイント1ポイント  (0子コメント)

Question time!

What would your ideal healthcare system be?