Search found 82 matches

by Economica
Fri Nov 01, 2013 4:19 am UTC
Forum: Individual XKCD Comic Threads
Topic: 1285: "Third Way"
Replies: 163
Views: 32543

Re: 1285: "Third Way"

Everyone's arguing about one space or two spaces, and I'm just sitting here letting TeX decide my whitespace for me.
by Economica
Mon Apr 08, 2013 7:41 am UTC
Forum: Individual XKCD Comic Threads
Topic: 1196: "Subways"
Replies: 147
Views: 62871

Re: 1196: "Subways"

Ok, this has to be a new low of me feeling unspeakably stupid - I can't make any sense of this (and it isn't even a math / programmer in-joke...). Yes, this resembles the subway map of a city. Since there are no such things as inter-city subways, what the @$#% am I looking at here , exactly? Actual...
by Economica
Fri May 18, 2012 2:08 am UTC
Forum: Serious Business
Topic: What topics should be included in education?
Replies: 76
Views: 10941

Re: What topics should be included in education?

Primary level: reading, writing, arithmetic, with a decent chunk of time devoted to "creative" activity (music, art, etc). Secondary level minima: ⋅  Two years of math: one year of algebra should be standard; similarly a semester of probability and statistics (with Excel skills i...
by Economica
Sun Nov 06, 2011 6:15 pm UTC
Forum: Serious Business
Topic: Would it help the economy to do less DIY/hire help?
Replies: 30
Views: 4466

Re: Would it help the economy to do less DIY/hire help?

My hope would have been: 1) Hiring more labor 2) Leading to hiring and promoting managers 3) New businesses starting to meet the demand 4) The newly employed workers and managers go shopping so the money keeps moving Basically, a Trickle Up theory. Thanks for the posts. Interesting stuff. By lookin...
by Economica
Tue Jun 21, 2011 2:26 am UTC
Forum: Individual XKCD Comic Threads
Topic: 0914: "Ice"
Replies: 92
Views: 53935

Re: 0914: "Ice"

How does one procure a bathtub full of kidneys? And who does that?
by Economica
Sun May 01, 2011 12:10 am UTC
Forum: Language/Linguistics
Topic: Homonyms
Replies: 6
Views: 2676

Homonyms

I've recently discovered an interest in the linguistics of homonyms, particularly words that are homonyms in multiple languages and are the *same* homonym across multiple languages. I find it somewhat difficult to articulate precisely what I mean, but here are two examples: 1. In English, "man&...
by Economica
Sat Apr 30, 2011 8:29 pm UTC
Forum: News & Articles
Topic: Americans favor GOP on budget
Replies: 55
Views: 5574

Re: Americans favor GOP on budget

Indeed, if current law were in fact implemented we would be in little trouble as far as the deficit is concerned (note that this is not an endorsement of current law!) Current law: - kills the doc fix by making sure it doesn't happen - kills the AMT patch by making sure it doesn't happen - lets the ...
by Economica
Sat Apr 30, 2011 5:52 am UTC
Forum: News & Articles
Topic: Americans favor GOP on budget
Replies: 55
Views: 5574

Re: Americans favor GOP on budget

Because reasoning about the entire corporate tax structure based on one data point is eminently reasonable, no?
by Economica
Sat Apr 30, 2011 3:49 am UTC
Forum: News & Articles
Topic: Americans favor GOP on budget
Replies: 55
Views: 5574

Re: Americans favor GOP on budget

Wodashin wrote:For one, a lot of Democrats seem to believe in New Keynesian economics. Like Joe Biden.

New Keynesian economics != Keynesian economics. Most Democrats in policy positions believe the latter.

The level of our public discourse on the economic role for government is decidedly stuck in 1962.
by Economica
Sat Apr 23, 2011 8:23 pm UTC
Forum: Serious Business
Topic: Deficit reduction problem
Replies: 63
Views: 8391

Re: Deficit reduction problem

It must be pointed out that the government spending muliplier is 0 in normal, non-recessionary times. Consider an economy in 'normal times' and consider the usual AD-AS analysis. Prices are P* and output is Y*. The fiscal authority reduces G. This reduces aggregate demand, causing prices to fall to ...
by Economica
Tue Apr 19, 2011 1:20 am UTC
Forum: News & Articles
Topic: Obama’s budget and debt reduction proposal
Replies: 57
Views: 6157

Re: Obama’s budget and debt reduction proposal

Oh, are we at the point now where we propose what to do with the taxation and expenditure system? Armchair analysts with spreadsheets GO! -- I have a few small ideas - Tax side 1) make health insurance taxable. This will remove the income/insurance tax wedge and reduce the generosity of health insur...
by Economica
Fri Apr 15, 2011 3:06 pm UTC
Forum: News & Articles
Topic: Obama’s budget and debt reduction proposal
Replies: 57
Views: 6157

Re: Obama’s budget and debt reduction proposal

On the proposal: all of the health-related savings are illusory. See: Doc fix. Could you perhaps be more specific than that? If you'd like. Back in 1997, Congress passed a bill that would slow the growth of Medicare. Practically speaking, it capped the growth rate of Medicare payments to doctors to...
by Economica
Thu Apr 14, 2011 1:29 pm UTC
Forum: News & Articles
Topic: Obama’s budget and debt reduction proposal
Replies: 57
Views: 6157

Re: Obama’s budget and debt reduction proposal

There is absolutely no budget solution that doesn't involve something horrible. What about cutting the military? If we spent twice as much as what the next highest country spends, that should be far more than what's necessary for just defense, and that alone would save more money than this entire p...
by Economica
Sat Feb 26, 2011 5:32 pm UTC
Forum: Serious Business
Topic: Talking the Budget to Death
Replies: 44
Views: 5543

Re: Talking the Budget to Death

The problem is that in the past, social security has doled out more money than it took in (and, I believe, continues to do so, though I can't be sure). In the post World War II, when there were many people working, very few retirees, and the economy was booming, people were receiving far more from ...
by Economica
Tue Sep 28, 2010 5:20 pm UTC
Forum: Serious Business
Topic: What would a US sovereign debt crisis be like?
Replies: 66
Views: 10787

Re: What would a US sovereign debt crisis be like?

Fortunately, it's quite easy to show that the 'multiplier' is a pretty meaningless concept no matter how you look at it. Which means we can get to more important long-run issues: the structure of the tax system, the composition of expenditures, the effects of public expenditure on the supply side of...
by Economica
Mon Sep 27, 2010 9:27 pm UTC
Forum: Serious Business
Topic: What would a US sovereign debt crisis be like?
Replies: 66
Views: 10787

Re: What would a US sovereign debt crisis be like?

A US debt crisis would be pretty boring, methinks, in that it's essentially embedded in demography and entitlement spending. If the US is going to see a debt crisis, it will be because the Federal government simply will not be able to find the revenues (by this I mean loosely, so both tax receipts a...
by Economica
Wed Sep 15, 2010 5:05 am UTC
Forum: Individual XKCD Comic Threads
Topic: 0793: "Physicists"
Replies: 158
Views: 42316

Re: "Physicists" discussion (#793)

This comic would have been (1) funnier and (2) truer if he'd used 'economists' instead of 'physicists'. I mean, really, have you seen an economist at the ASSA meetings? There's a reason they don't let us go near the sociology panels... There's even a term for it -- 'economic imperialism' -- to descr...
by Economica
Sat Aug 21, 2010 10:26 pm UTC
Forum: Serious Business
Topic: Stimulus vs National Debt
Replies: 104
Views: 16226

Re: Stimulus vs National Debt

It bothers me immensely that the artificially inflated GDP in 2008 is below your trendline. That suggests something is seriously wrong, and I would expect it's with the trend, not the reality. I suggest graphing your data on a log plot and fitting a line to it instead of the reverse. Although, the ...
by Economica
Sat Aug 21, 2010 6:53 pm UTC
Forum: Serious Business
Topic: Stimulus vs National Debt
Replies: 104
Views: 16226

Re: Stimulus vs National Debt

2. It's important to distinguish sharply between our short-run problem and our medium-run problem. The short-run problem is a lack of aggregate demand. Whether measured by nominal GDP or real GDP, the United States is currently operating about 9%-11% below capacity. The medium-run problem is an imb...
by Economica
Mon Aug 16, 2010 5:19 pm UTC
Forum: Serious Business
Topic: Stimulus vs National Debt
Replies: 104
Views: 16226

Re: Stimulus vs National Debt

I put the post together in a hurry, and used the wrong deflator. My deepest apologies. Corrected version: http://img340.imageshack.us/img340/8049/defense.png Technical note: I didn't deflate defense expenditures but did deflate GDP. That's a mistake one of my students would make! Again, my apologies...
by Economica
Mon Aug 16, 2010 1:53 am UTC
Forum: Serious Business
Topic: Stimulus vs National Debt
Replies: 104
Views: 16226

Re: Stimulus vs National Debt

@roflwaffle The major government expense item that needs to be constrained over the long term is health expenditures. However, you're more right than I initially believed on defense spending; for reference, here's defense expenditures as a percentage of GDP in the postwar era: http://img341.imagesha...
by Economica
Thu Aug 05, 2010 2:29 pm UTC
Forum: Serious Business
Topic: Stimulus vs National Debt
Replies: 104
Views: 16226

Re: Stimulus vs National Debt

@Wnderer: could you delineate more clearly between what you call 'monetary inflation' and 'price inflation'? I'm not sure I follow. I was waiting to get called on that one. According to Jens O. Parsson's Dying of Money. Inflation has two different aspects. One aspect is rising money prices of thing...
by Economica
Thu Aug 05, 2010 12:22 pm UTC
Forum: Serious Business
Topic: Stimulus vs National Debt
Replies: 104
Views: 16226

Re: Stimulus vs National Debt

Here's an economics question. Given a situation where you would like to increase the money supply (or even when you don't), doesn't deficit spending by the federal govt. do this anyway ? It seems to me that it does. Not necessarily. I mean, you can have government debt in models that don't even hav...
by Economica
Thu Aug 05, 2010 1:10 am UTC
Forum: Serious Business
Topic: Stimulus vs National Debt
Replies: 104
Views: 16226

Re: Stimulus vs National Debt

A few thoughts, which can be expanded on upon request. 1. The DOW is a horrible indicator of the economy. It's 30 companies. Use real GDP per capita or something reasonable, otherwise the economists aren't going to take you seriously. 2. It's important to distingush sharply between our short-run pro...
by Economica
Sun Apr 18, 2010 11:15 pm UTC
Forum: Mathematics
Topic: Dot Product Applications
Replies: 19
Views: 7212

Re: Dot Product Applications

Hell, here's a really basic one: your spending at the grocery last week was the dot product of price and quantity vectors. Nominal Gross Domestic Product is the dot product of price and quantity vectors for the entire economy. Similar observations hold for price indices, real GDP calculations using ...
by Economica
Sun Feb 14, 2010 9:29 pm UTC
Forum: News & Articles
Topic: Reid Kills Jobs Bill
Replies: 18
Views: 2163

Re: Reid Kills Jobs Bill

Which is why the government doesn't just decide to hire all the unemployed people. Luckily, they don't have to, because you're forgetting the multiplier effect. There are at least two ways that a jobs bill multiplies--first, because the people who get jobs spend that money on stuff, which helps bus...
by Economica
Fri Dec 04, 2009 9:34 pm UTC
Forum: Individual XKCD Comic Threads
Topic: 0671: "Stephen and Me"
Replies: 84
Views: 16724

Re: "Stephen and Me" Discussion

...wait, there are people here who didn't get the Michael Moore reference?

Really?
by Economica
Tue Jul 22, 2008 6:49 pm UTC
Forum: Serious Business
Topic: Why capitalism sucks...I think...
Replies: 196
Views: 18679

Re: Why capitalism sucks...I think...

Summary: So I can reply to this and assume that I've hit the highlights of the OP as well? 1) Healthcare is a privatised industry in the US, and it stinks, which is why people have to go to Mexico for their healthcare. Healthcare is not fully privatized in the United States. We provide public healt...
by Economica
Wed Feb 20, 2008 1:46 am UTC
Forum: Serious Business
Topic: Illegal Immigration.
Replies: 498
Views: 42174

Re: Illegal Immigration.

Maybe it is just me but i was under the impression that we have more than just a trade deficit with China. That we have more of a debt in the range of trillions of dollars that we haven't paid back. If it is not just my imagination then i think that it is quite a pressing issue seeing as how if we ...
by Economica
Sat Feb 09, 2008 12:25 am UTC
Forum: Serious Business
Topic: Illegal Immigration.
Replies: 498
Views: 42174

Re: Illegal Immigration.

Lots of good discussion here. First, regarding immigration generally. I seem to remember a certain quotation on a certain statue in New York Harbor. We would do well to continue in its tradition. I'm all over relaxing the immigration restraints in this country. Second, regarding illegal immigration....
by Economica
Thu Feb 07, 2008 6:48 pm UTC
Forum: Serious Business
Topic: Who to vote for?
Replies: 6
Views: 1793

Re: Who to vote for?

The first step is to familiarize yourself with the candidates' stated policy positions. This can be done most easily by simply going to their website and clicking on "issues". However, that's not nearly enough. I recommend On the Issues , which provides bullet-listed overviews of each cand...
by Economica
Mon Feb 04, 2008 5:48 am UTC
Forum: Individual XKCD Comic Threads
Topic: 0379: "Forgetting"
Replies: 111
Views: 20932

Re: "Forgetting" Discussion

This one definitely reminded me of Wasteland.

And the alt-text was the most depressing thing I've read in days. :(
by Economica
Sun Feb 03, 2008 12:11 am UTC
Forum: News & Articles
Topic: XKCD brings all the geeks to Obama's yard
Replies: 77
Views: 8705

Re: XKCD brings all the geeks to Obama's yard

Another good link to complement the CNN link above is On the Issues , which lists the position of every candidate on every issue based on statements in speeches and votes in Congress. For example, I can go to On the Issues -> Barack Obama -> Technology to see where Senator Obama stands on technology...
by Economica
Fri Feb 01, 2008 12:35 am UTC
Forum: Serious Business
Topic: The economy scares the hell out of me.
Replies: 196
Views: 16352

Re: The economy scares the hell out of me.

I'd like to make a few more general comments on the stimulus package as it makes its way through the Senate, if I could. Hope you guys don't mind. Warning: long post ahead. Disclaimer: This post is free, and worth what you paid to get it. Contains personal opinions, predictions, and general rants ag...
by Economica
Wed Jan 30, 2008 6:47 am UTC
Forum: Individual XKCD Comic Threads
Topic: 0377: "Journal 2"
Replies: 346
Views: 55760

Re: "Journal 2" Discussion

Black Hat Guy! No!

Oh, how the mighty have fallen.

(I was half-expecting him to just whip out another hat in the final panel...)
by Economica
Thu Jan 24, 2008 11:52 pm UTC
Forum: News & Articles
Topic: Tax Rebate Deal Reached
Replies: 5
Views: 1225

Re: Tax Rebate Deal Reached

I don't really think it will have that great of an impact. No, it won't. Short-run fiscal solutions are ridiculously weaker than short-run monetary solutions. The vast majority of the rebates will be saved rather than spent, and the overall effect will be too small to make a real difference and wil...
by Economica
Thu Jan 24, 2008 11:21 pm UTC
Forum: Serious Business
Topic: The economy scares the hell out of me.
Replies: 196
Views: 16352

Re: The economy scares the hell out of me.

Since just about everyone is admiting to the U.S. being "near" financial stress, what do the stimulus packages proposed by the president and other members of legislation really mean to the average person? It seems like it's going to be more of the same "give breaks to those who don't...
by Economica
Mon Jan 07, 2008 5:28 am UTC
Forum: Individual XKCD Comic Threads
Topic: 0367: "Fandom"
Replies: 158
Views: 26565

Re: "Fandom" Discussion

I lol'd. Excellent update. :)

RP wants to put the US back on a gold standard. (hint: bad idea.)
by Economica
Tue Dec 11, 2007 3:11 am UTC
Forum: News & Articles
Topic: Political Compass
Replies: 96
Views: 11324

Re: Political Compass

If I were to label economic policy, I'd probably go with centralisation versus marketisation. Marketists believe in a free market, wheras centralists believe in a centralised economy. If we're discussing the political compass and similar tests though, we should use their terminology, which is that ...
by Economica
Tue Dec 04, 2007 7:24 am UTC
Forum: News & Articles
Topic: Political Compass
Replies: 96
Views: 11324

Re: Political Compass

I'd like to add a bit about the biases of the test. I've got a modest data set from another forum I frequent, with 100 data points from posters from the United States and Europe. The sample's too small and dispersed to be really statistically significant, but here are the results: Upper-right quadra...

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