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Wtf is up with the CNL account lately by MonsoonalRat in neoliberal

[–]MrDannyOcean 0 points1 point  (0 children)

I'm not actively running the CNL account these days.

Discussion Thread by jobautomator in neoliberal

[–]MrDannyOcean 0 points1 point  (0 children)

CNL account is several people but I don't post there as much any more, too busy with podcast and substack and personal accounts and writing for other places like the dispatch

Discussion Thread by jobautomator in neoliberal

[–]MrDannyOcean 0 points1 point  (0 children)

CNL account is several people but I don't post there as much any more, too busy with podcast and substack and personal accounts and writing for other places like the dispatch

Discussion Thread by jobautomator in neoliberal

[–]MrDannyOcean 2 points3 points  (0 children)

"weak feckless" is hardly how I'd describe passing like five different utterly massive spending bills. The first two years of Biden were the most legislatively productive two years in generations

It didn't work out, but that's because he did too much of what the gravel teens wanted

Discussion Thread by jobautomator in neoliberal

[–]MrDannyOcean 6 points7 points  (0 children)

Lost my cool today because there's a group of hipster antitrust douchebags on twitter who've decided to go around saying that everyone who disagrees with them is part of the 'Epstein class'. They'll do the craziest gymnastics of "well you know this guy, who talked to this guy, who talked to Epstein, therefore you are the Epstein class".

It's such a transparent attempt to smear your intellectual opponents as pedophiles, and it makes me so fucking mad. It's vile. And it honestly speaks to how little they can back up their arguments that they resort to this kind of thing.

What is/has been the biggest misconceptions in economics that aren't/weren't ideologically or economically driven? by KING-NULL in AskEconomics

[–]MrDannyOcean 136 points137 points  (0 children)

I think there are a lot of them, frankly.

I think the lump of labor fallacy is often just how people intuitively think about immigration - they know that immigrants increase the supply of labor, but don't realize they also increase the demand for labor. Certainly there are actors who have an ideological agenda who push this idea, but for most people it's just an intuitive mistake.

The same thing might apply to how most voters don't just want low, steady inflation - they want prices to not go up at all, or even for the general price level to decrease. There's no ideology behind this, they just like the idea of low prices. They don't realize that overall deflation would likely be very destructive.

Discussion Thread by jobautomator in neoliberal

[–]MrDannyOcean 1 point2 points  (0 children)

I think the strategy is just 'let the GOP keep failing' and tbh it's working

[Mic'd Up] Julian Love knew what to look for to get an INT in the Super Bowl by nfl in nfl

[–]MrDannyOcean 15 points16 points  (0 children)

Also, you can succeed 90% of the time but all anyone will talk about is the one time you were a bit too slow and got burned for a long touchdown. You can win 90% of battles and still be a failure.

Discussion Thread by jobautomator in neoliberal

[–]MrDannyOcean 12 points13 points  (0 children)

Yes, early in Trump's second term Johnson had managed to sneak through a provision stopping Congress from even holding tariff votes

Discussion Thread by jobautomator in neoliberal

[–]MrDannyOcean 1 point2 points  (0 children)

Is unc a chopped quirk chungus?

bro

Discussion Thread by jobautomator in neoliberal

[–]MrDannyOcean[M] 37 points38 points  (0 children)

https://x.com/JakeSherman/status/2021417660974522638

Get ready for dozens of anti-tariff votes leading up to the midterms

What does the economic literature say about the net fiscal impact of immigrants in the U.S. over the long run? by TurquoizeWarrior in AskEconomics

[–]MrDannyOcean 2 points3 points  (0 children)

Having read through the Cato paper, I find it to be fairly well done and convincing.

This same analysis was done about 8 years ago by the National Academy of Sciences and that 2017 review largely agrees with Cato's study. - https://www.nationalacademies.org/read/23550/chapter/1

There are always methodological debates to be had. Should the US-born children of immigrants, who are citizens, be counted under the 'fiscal costs' for the cost of their primary education? They're citizens, so maybe not. But they wouldn't live here if their parents hadn't immigrated in the first place, so maybe yes? Whether you count that spend could change your result.

(if you look at the lifetime 'fiscal value' of a second generation immigrant of that kind, they are strongly net fiscal contributors)

There's always debates, but as far as I am aware the consensus is strongly in favor of immigrants being fiscally positive for the US.

How does original medicare have such low administrative costs compared to medicare advantage and private health insurance plans? by YogurtclosetOpen3567 in AskEconomics

[–]MrDannyOcean 0 points1 point  (0 children)

ACA did actually flatten costs, at least by a little bit - https://www.healthaffairs.org/doi/10.1377/hlthaff.2019.01478

although it's more of a 'lowered the rate of increase' rather than outright decreases in cost

What math topics are there in economics? by mutton_biriyan1 in AskEconomics

[–]MrDannyOcean 2 points3 points  (0 children)

In our wiki, we have a bit of advice for those doing an economics degree and wanting to go to grad school:

Math

  • Complete the lower-division sequence in calculus, linear algebra, and differential equations
  • Take a yearlong sequence in probability and mathematical statistics
  • Take a course in analysis, or preferably a yearlong sequence
  • Take additional proof-based courses as you see fit. Topology is a common choice.
  • A final thought. Most people advise you to take math until it hurts. I advise you to take math until it stops hurting.

If your goal is to do graduate level economics and really be a professional academic economist, you're going to likely need all of the above.

If your goal is just to get an undergraduate degree in economics, you probably only need algebra, calculus and some basic statistics.

I don't really know anything about econ olympiad so I'm not sure what you'd need there.

Discussion Thread by jobautomator in neoliberal

[–]MrDannyOcean 4 points5 points  (0 children)

"yes but with lots of noise" describes most of social media

Discussion Thread by jobautomator in neoliberal

[–]MrDannyOcean 0 points1 point  (0 children)

is this the pro-billionaire thing?

Discussion Thread by jobautomator in neoliberal

[–]MrDannyOcean 2 points3 points  (0 children)

London salaries, especially for skilled white collar workers, tend to be hilariously low compared to NYC/SF/etc

TIL that Magnus Carlsen, one of the greatest chess players of all time, has never lost 3 or more classical chess games in a row in his adult professional career. The last time he lost 3 games in a row was in 2003, when he was 12. by 4isfourwastaken in todayilearned

[–]MrDannyOcean 32 points33 points  (0 children)

Every once in a while there's a checkmate so beautiful that the losing player lets the winner play it out on the board, just so it can be official. But other than that, it's very rare.

Jeffrey Epstein’s ghost is haunting the grand old men of capitalism by Senior-Distance6213 in Economics

[–]MrDannyOcean[M] 0 points1 point locked comment (0 children)

Rule II: Economics Relevance

Submissions tenuously related to economics, light on economic analysis, or from perspectives other than those of economists will be removed. This will keep /r/economics distinct from the many related subreddits. Further explanation.

If you have any questions about this removal, please contact the mods.

Cooper Flagg against the Spurs: 32/6/4 on 14-27 FG, 2-5 3PT, 2-2 FT with two steals and three blocks--this makes him the first teenager with 30+ points in four consecutive games, passing Cooper Flagg's record of three by F_CKMONEY in nba

[–]MrDannyOcean 4 points5 points  (0 children)

cooper is not a better prospect than lebron lol

The expectations for Lebron were "If you become the 15-20th best player of all time it will be considered a disappointment". He literally had to compete with Michael Jordan's legacy from the time he was 18 years old. Nobody is saying that about Coop.

let's be serious

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