•
•

FiatThe Bretton Woods Sticky (self.badeconomics)

PonderayFollows an AR(1) process[M] が 投稿 - announcement

Clearly Automod is having some trouble with the end of the gold standard. Here's a new discussion thread until automod kicks in again.

全 17 件のコメント
並べ替え:
新着 (提案されたアイデア)
ベストトップ論争中古い順Q&A

[–]artosduhlordFDR caused Trump 0 ポイント1 ポイント  (0子コメント)

http://www.aei.org/publication/making-manufacturing-great-again-will-require-a-two-pronged-approach/?utm_source=twitter&utm_medium=social&utm_campaign=mathurmmga

AEI is doing penance to gain our forgiveness.

[–]13104598210 1 ポイント2 ポイント  (2子コメント)

So I just saw on Bloomberg that Noah Smith WAS an assistant prof at Stony Brooks. Was he fired? Quit to focus on blogging full time? Something else?

Sorry this is gossipy, but I'm curious. Plus if there was some kind of malfeasance it might mean his work should be taken less seriously.

[–]say_wot_againMachine learning is a fad 1 ポイント2 ポイント  (1子コメント)

I quit to focus on blogging full time.

[–]BEE_REAL_PEREZ FOR DNC CHAIR 0 ポイント1 ポイント  (3子コメント)

???

The Bretton Woods system wasn't really fiat

[–]PonderayFollows an AR(1) process[S] 1 ポイント2 ポイント  (2子コメント)

Bretton woods = transition from gold standard to full fiat currency.

[–]IntegraldsLiving on a Lucas island 0 ポイント1 ポイント  (0子コメント)

I approve

[–]BEE_REAL_PEREZ FOR DNC CHAIR 0 ポイント1 ポイント  (0子コメント)

The transition period happened with Nixon's temperature price controls, Bretton Woods was just another gold standard system

[–]artosduhlordFDR caused Trump 0 ポイント1 ポイント  (0子コメント)

https://www.ft.com/content/bbf54b3e-c5f3-11e6-9043-7e34c07b46ef

Deaton sells out to coal miners

[–]urnbabyurn 2 ポイント3 ポイント  (4子コメント)

Extra shitty /politics today with some economic news.

1) Trump's tariff is shitty economics. But what is shittier is poor economics arguments against it. (https://np.reddit.com/r/politics/comments/5jqyyq/trump_is_reportedly_considering_a_5_tariff_on_all/dbi8nzb/?utm_content=permalink&utm_medium=front&utm_source=reddit&utm_name=politics)

2) Horses are not people. (https://np.reddit.com/r/politics/comments/5jr9no/the_longterm_jobs_killer_is_not_china_its/dbicfdl/?utm_content=permalink&utm_medium=front&utm_source=reddit&utm_name=politics)

[–]DrSandbagsSurgically-Augmented Dickey-Fuller 0 ポイント1 ポイント  (1子コメント)

Jesus Christ it's like the Store Owner/Average Shopper commenter never learned about tax incidence.

[–]urnbabyurn 0 ポイント1 ポイント  (0子コメント)

Its certainly "possible" that a 5% tax raises prices by more than 5%. But that assumes the firms have significant market power and face demand curves with constant elasticities - meaning that raising prices won't affect the price-cost markup.

[–]PonderayFollows an AR(1) process[S] 1 ポイント2 ポイント  (1子コメント)

At least Mcconnell has said tariffs are dead on arrival.

[–]crunkDealerGlobalist Islamic Banker Mexican 3000 1 ポイント2 ポイント  (0子コメント)

Who knew we'd be looking to Swamp King McConnell to defend us from the Trumple. The enemy of my enemy...

[–]artosduhlordFDR caused Trump 2 ポイント3 ポイント  (2子コメント)

https://twitter.com/realDonaldTrump/status/811977223326625792

Apparently having enough to render the world uninhabitable isn't enough

[–]roboczarI see a linear VAR and I want to paint it black 0 ポイント1 ポイント  (0子コメント)

"comes to its senses"... what does that even mean? This is literally restarting the arms race. We came to our senses already. This is the opposite.

[–]Kelsigproponent of dumb market economics 0 ポイント1 ポイント  (0子コメント)

https://www.yahoo.com/news/putin-calls-strengthening-russias-military-nuclear-potential-101800687.html

🤔🤔🤔