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BadEconomics Discussion Thread, 14 October 2015 (self.badeconomics)

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[–]Post_CapitalistI am the hypothetical can opener AMA 0ポイント1ポイント  (0子コメント)

Any other communists on this sub?

[–]Kai_Daigoji 1ポイント2ポイント  (1子コメント)

A thought I had the other day: what do people here think about some sort of externality tax on guns? Basically viewing mass shootings etc. as a negative externality.

I can see multiple ways you'd implement it. A tax on bullets, making gun manufacturers legally liable for gun violence and letting law suits and punitive damages do the work of a tax, a straight up gun tax, etc.

Anyways, thoughts?

[–]MrTossPotMore of a sellout than Mankiw 0ポイント1ポイント  (0子コメント)

My first thought that gun damage is usually very high to a small number of people, unlike pollution which is a little bad to everyone over time. So what would the mechanism be to counter the externally to gun violence victims.

Then i remembered, this is a primarily US based thread therefore this will never happen so who cares.

[–]wshanahana slightly less shitty libertarian 0ポイント1ポイント  (0子コメント)

I just got a job doing market research. I'm really excited.

[–]Kelsig 2ポイント3ポイント  (0子コメント)

Does anyone know of where I can read about the (social?) economics of replica fashion? I buy tons of fake shit, and have never felt too bad if it came from China. Krugman's op-ed about sweatshops is really all I know, and even that is kinda irrelevant.

[–]infiniteinvestments 3ポイント4ポイント  (2子コメント)

So, Bernie Sanders lied (or at least misled) about African American and Latino American youth unemployment rates. Sanders stated that the unemployment rate among African and Latino American youth was 51% & 36% respectively. The true figures, according to the Department of Labor Statistics, are 21% and 13% respectively. The 51% & 36% figures referenced underemployment rates.

He also stated that 27 million Americans live in poverty when the true figure is somewhere around 43-44 million people.

[–]Kelsig 1ポイント2ポイント  (1子コメント)

Sounds like a verbal typo to me

[–]DwhyDx 0ポイント1ポイント  (1子コメント)

I've seen a lot of dislike for bernie sanders here, and I was hoping someone could point out what parts of his policies are good and bad economics, or point me to where someone already has. What him and his supporters seem to be promising seems to good to be true, and he comes of as a populist to me. Also, every time someone asks him how he's going to get things done he just repeats the tired platitude of "we need to come together."

[–]historymaking101 0ポイント1ポイント  (0子コメント)

Just finished Reamde. Who else here has read it? What did you think?

[–]Baratheon_EconomistEverything is endogenous 1ポイント2ポイント  (7子コメント)

How come, whenever /u/Integralds posts music it's crappy. Why not something good like this or this or this.

[–]NewmanTheScofflaw"Most" 0ポイント1ポイント  (0子コメント)

Eurotrash.

[–]infiniteinvestments 3ポイント4ポイント  (2子コメント)

I listened to Rammstein... when I was 13-15. I try listening to them now but their music makes adult me nauseous. Limp Bizkit too!

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

when I was 13-15

I hated Rammstein at that aged, but I was much less psychologically balanced than I am now. The aggressive and sadistic tendencies of many of their songs are cathartic in many ways, I find.

Limp Bizkit too!

The worst part about this is that it didn't make you nauseous while you were 13-15. Not immediately vomiting in the presence of such filth should really be high treason, punishable by flogging until death.

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

Hey man... I did it all for the nookie, come on.

[–]IntegraldsI am the rep agent AMA 3ポイント4ポイント  (2子コメント)

Someone's not getting a job at Integral, Say_Wot_Again, and Associates.

[–]say_wot_againThe one true Noah Smith 0ポイント1ポイント  (0子コメント)

We need to fix that name. Too Northeastern law firm, not enough California tech startup.

[–]Baratheon_EconomistEverything is endogenous 5ポイント6ポイント  (0子コメント)

and Associates.

And just who are these "associates", hmm? The Bilderberg Group? Freemasons? I'm onto you.

Fucking econometricksters.

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

Democratic presidential debate winners and losers? Thoughts?

[–]historymaking101 4ポイント5ポイント  (0子コメント)

Hillary, at least here at BadEcon, she seems to be the resounding top choice now.

[–]Webby911 7ポイント8ポイント  (2子コメント)

Webb

He said he killed a guy with a grenade

[–]say_wot_againThe one true Noah Smith 2ポイント3ポイント  (1子コメント)

You just like him because of your name.

[–]Webby911 0ポイント1ポイント  (0子コメント)

Okay true but also the grenade story

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

Recently I asked a question about the relationship between video game companies and "content creators." Now I'm curious about the relationship between those companies and their consumers.

Someone made the good observation that gamers are a populist bunch — at least on the Internet — and tend to become outraged at companies for perceived overreaches of their market power. Some targets of this outrage include preorder bonus, timed exclusivity, season passes, and microtransactions. I was curious whether you think these outrages are justified, or if they're just trying to cover greater costs of modern gaming without upping the basic price, like I suspect.

[–]thesublieutenant 2ポイント3ポイント  (0子コメント)

I think they're trying to cover the greater cost of modern game making, but I also think some of the outrages can be justified.

Arkham Knight came out not long ago, people preordered and it ran like complete garbage on PC for a lot of people. I would say outrage is justified when you get a product that isn't what was advertised or doesn't work at all.

With micro-transactions, the chief complaint I see is when you can "pay to win". I don't see a lot of people upset if the in game purchases are of cosmetic nature (skins for characters or gun camos etc). But if the player can purchase something that gives them an advantage over other players in game (I pay .99 for a gun in call of duty that is OP) I can see why people would be upset.