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BadEconomics Discussion Thread, 07 August 2015 (self.badeconomics)

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トップ新着論争中古い順Q&A

[–]commentsrusBring maymayday back! 14ポイント15ポイント  (0子コメント)

Upvote if you are a strong, educated, dependent young shill who don't need no centrally planned discussion thread coordination failure.

[–]Homeboy_JesusAssume we have a can opener... 3ポイント4ポイント  (4子コメント)

FIRST

Am I the only one who has mostly abandoned /r/economics and pretty much stuck to this sub?

edit: CURSE YOU /u/commentsrus and /u/prillin101 !!!

[–]prillin101 2ポイント3ポイント  (0子コメント)

rekt

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

But where do you find BE?

[–]k4rter 3ポイント4ポイント  (0子コメント)

He free riding yo.

[–]CutOffUrJohnsonResident Free Market Marx-Leninist 0ポイント1ポイント  (0子コメント)

In Wumbo's drunken rants on liberals.

[–]prillin101 3ポイント4ポイント  (3子コメント)

wat

wtf 2 shens!?!?!?

[–]Homeboy_JesusAssume we have a can opener... 1ポイント2ポイント  (1子コメント)

wot

[–]say_wot_againConfirmed for Google bigwig 1ポイント2ポイント  (0子コメント)

[–]somegurkWhy doesn't modern medicine use more leaches? 0ポイント1ポイント  (0子コメント)

o7 You were our moral compass.

[–]CatFortuneにゃんぱす! 1ポイント2ポイント  (3子コメント)

Damn, I am looking sharp tonight for my neighbor's 18th birthday semi-formal. It's nice to look as important as I feel instead of as important as I am. That's what my TMNT PJ's are for.

[–]Homeboy_JesusAssume we have a can opener... 1ポイント2ポイント  (2子コメント)

Good call.

In my frosh week there was a formal event for everyone but my roommate had 0 formal attire and I'm about 6 inches taller than he is. We decided that if he couldn't dress up then we would dress down so we went in housecoats.

[–]the1percentt 1ポイント2ポイント  (1子コメント)

My friend with an accounting degree wants to learn econometrics. Do I just give him my copy of Wooldrige?

[–]NewmanTheScofflawRA for Ethan Hunt 2ポイント3ポイント  (0子コメント)

Yes, and a probability and statistical inference textbook.

[–]BaratheonEconomistEverything is endogenous 2ポイント3ポイント  (6子コメント)

Where do people stand on fiscal austerity?

[–]urnbabyurnNeoPanglossian 4ポイント5ポイント  (0子コメント)

As a microeconomist, I defer to my politics of soaking the poor with the tears of the rich.

[–]k4rter 0ポイント1ポイント  (2子コメント)

Depends on what you want to obtain. I have zero belief in expansionary austerity, but if you want to make clientelist, statist government smaller(making economy smaller is side effect) it's the way to go.

In the short run it's harsh, you may get populist (far left or right) government doing so, but in the long run it should be good for the economy.

Anyway, aren't you supposed to be saving during booms so you can invest during busts?

[–]BaratheonEconomistEverything is endogenous 0ポイント1ポイント  (1子コメント)

I have zero belief in expansionary austerity

I thought it was possibly, but over-exaggerated by the literature which identified it. Canada pulled it off in the 1990s.

[–]say_wot_againConfirmed for Google bigwig 0ポイント1ポイント  (0子コメント)

Did Canada have expansionary austerity, did they have a boom that enabled relatively painless austerity, or did they have a boom that would have been even larger without austerity? And how do you know which of the three it was? (Without knowing the specifics, I would probably guess the second.)

[–]HealthcareEconomist3Krugman Triggers Me 0ポイント1ポイント  (1子コメント)

Mostly nonsense.

[–]BaratheonEconomistEverything is endogenous 0ポイント1ポイント  (0子コメント)

So you don't support current Conservative spending cuts in the UK (I'm presuming you still keep up with British politics)?

I imagine, for economists, it largely comes down to whether or not they think monetary policy can stabilise the business cycle even at the ZLB. If it can, whether or not you pursue austerity (outside of the things like deficits driven by increased transfers/decreased tax receipts (automatic stabilisers? I think)) then presumably austerity is negated.

[–]Babahoyo 1ポイント2ポイント  (0子コメント)

Here's a question:

Did you guys read this nytimes op ed "Capitalists Arise" by Peter Georgescu?

He has 2 points:

1) It's good for businesses in the long run to pay their workers more, so we should work to change corporate culture to make them more aware of that and more willing to pay their workers more.

2) Government should give tax breaks to companies that raise wages.

I'm not really concerned with whether it is badeconomics or not, but I would be interested in hearing in thought on how you, the informed bad economics commentator, can imagine changing the incentive structure of companies so they pay workers more.

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

Does anyone have knowledge of automod posting? I need the code for making a new post automatically when the original reaches a specific number of votes.

[–]mcollins1In Keynes We Trust 0ポイント1ポイント  (0子コメント)

So anyone watch that republican debate?

[–]commentsrusBring maymayday back! 0ポイント1ポイント  (0子コメント)

Before the others!

#JustPraxxyThings