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BadEconomics Discussion Thread, 19 September 2015 (self.badeconomics)

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[–]urnbabyurnNeoPanglossian 3ポイント4ポイント  (1子コメント)

Fuck y'all, I'm first. New sticky will now come out about every 48 hours.

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

Thoughts on Bernie in this clip?

Also: Who's your favourite for the GOP nomination? I ask about the Republicans because the Democratic race just seems dead in the water, at the moment.

[–]bdubs91Maestro Today and Maestro Forever 0ポイント1ポイント  (2子コメント)

I guess I admire his ability to own up to his ideas. No dancing around.

I do not want him to be our president, but he owns up to his ideas, which is respectable.

[–]Baratheon_EconomistEverything is endogenous 1ポイント2ポイント  (1子コメント)

I'd say he danced around; or that he's incapable of nuance. He didn't really say anything of substance.

Wanting universal healthcare and the government to not incessantly represent the interests of the rich doesn't really make you a progressive, and certainly not a socialist.

[–]bdubs91Maestro Today and Maestro Forever 2ポイント3ポイント  (0子コメント)

I should clarify I think he doesn't dance around compared to other politicians as much (compare him to Trump). He at least says policies he wants. No vague "make america great again." He is definitely vague compared to say, an economist talking about policy.

[–]complexsystemsMWG is my homeboy 3ポイント4ポイント  (3子コメント)

Sticky hyperinflation is here to stay. Clearly Yellen needs to raise interest rates to curb it.

[–]bdubs91Maestro Today and Maestro Forever 0ポイント1ポイント  (0子コメント)

My poor shoes.

[–]arktouros 0ポイント1ポイント  (0子コメント)

If only these discussion threads were on the gold standard, we wouldn't ever have to worry about thread hyperinflation.

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

Didn't you hear? Yellen literally admitted that rates could stay zero, FOREVER!!!!!! The smoking gun:

So, I would be very-- I would be very surprised if [never escaping from the ZLB is] the case. That is not the way I see the outlook or the way the committee sees the outlook. Can I completely rule it out? I can't completely rule it out. But really that's an extreme downside risk that in no way is near the center of my outlook.

[–]laboreconomist3favorite words: labor, unemployment, trade 2ポイント3ポイント  (1子コメント)

I think /r/Europe has taken the prize as my least favorite sub. Sure the anti trade rhetoric is bad but at least no one is dying from it. The whole let me quote a couple of uncontextualizdd lines from borjas to justify my xenophobia of people fleeing from war torn areas is legitimately infuriating. people area actually dying because you and the people you elect refuse to accept that the belief that migration might marginally lower your standard of living is as baseless as it callous.

[–]discoFalston 0ポイント1ポイント  (0子コメント)

Question:

Every one is better off from free trade, but can a trade deals be bad enough to the point where one or both parties being worse off? Anything in history that fits this description?

[–]511neverforget 2ポイント3ポイント  (1子コメント)

What are the economic implications of the mass immigration in Europe right now? There are so many arguments on both sides of the issue so most discussions tend to get dumb fast, but im curious to what you guys have to say about it.

[–]commentsrusBring maymayday back! 1ポイント2ポイント  (0子コメント)

Short run costs, long run benefits, as seen in previous European countries accepting Muslim refugees. This study found the benefits for low-skilled native workers took 13 years to materialize.

[–]Babahoyo 0ポイント1ポイント  (0子コメント)

Undergrads: What class are you most excited about this semester?

mine is international development. I think we are going to start to get into the nitty gritty of how hard it is to measure anything or know anything.

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

I'm on track with the coursework, but is there anything else I should be doing in my 1st year as an econ PhD?

I couldn't get an RA or TA position this Fall. I'm meeting veteran students, faculty, etc. slowly but surely. I've met my entire cohort and we're all friends and whathaveyou. Am I missing something? I feel like I'm missing something.

Also, is it possible to get a TA position next semester if I didn't have one now?

[–]EveRommelDAY TUK UR JOBZ, didn't want it anyways, already replaced 0ポイント1ポイント  (0子コメント)

Ok I know this isn't economics but i need to vent.

I'm getting really freaking tired of all the jackass nuclear supporters on either side who say its such a great thing, it will get us off foriegn oil, its cheaper than X, its got no down sides!

First oil and nuclear power have almost nothing to do with each other and in no way shape or form effect the price of each other. Unless they are going to start making toyta corollas nuclear powered they will have nothing to do with the amount of oil we do or don't import.

Second if it was that freaking cheap economically people would be pumping out these facilities everywhere. Theres a problem they have massive build costs and thier operations costs grow more and more especially when you acocunt for security and waste disposal and final decommisioning. These things go over budget during construction constantly and run behind schedule more often than not.

They do have a great safety record but they have scared the living crap out of so many people that no one wants one anywhere near them, this makes it almost impossible to build any new reactors.

Rant over

[–]ocamlmycamli <3 central planning 0ポイント1ポイント  (0子コメント)

I have to learn options for work. Anybody have good references on textbooks or papers to read? I know what put call parity is and that's about it.