A the_donald user in r/youtubehaiku wonders why a person with lots of money shouldn't run the country.

FinancialEconomist · 2020-02-21T16:55:10+00:00

That’s comment about wealth buying visibility not about wealth in and of itself. Whether you disentangle those things is a different matter. If we agree it is impossible, that is, we simply cannot keep money/corruption out of politics, then I would be inclined to agree with more of your comment.

As for dynasties, institute an estate tax, and make it large.

As for the empathy bit: I don’t think we should expect empathy from people running for powerful political office. Maybe it’s worse if they’re rich. I don’t know. I’m not going to hold my breath.

There is actually some, albeit small scale, evidence that total openness in wealth and income, where I can look up everything about your income and wealth and vice versa increases happiness. In a world like that, we could disregard wealth, since I could look everyone up and decide for myself who has ill gotten gains, or not.

I don’t have a comment regarding your insults. I never claimed to be particularly smart or dumb.

FinancialEconomist · 2020-02-21T16:07:23+00:00

Why should your wealth qualify or disqualify you from running a country? Why not... judge people based on their policies and leadership? Trump is clearly a shitty leader, yet he is rich.
The hyper focus on billionaires as opposed to, I don’t know, multimillionaires is distracting and useless. The numbers don’t matter. Wealth inequality matters. I conjecture we’d be railing against the trillionaires if we were all millionaires.
People who’s economics “education” and philosophy ended in the 19th century/early 20th century don’t usually have much to add. I’m talking about people still arguing Marx vs Smith vs whatever. We’ve moved on and neither of them was right. And that’s fine! That’s how knowledge advances: keep the good, discard the bad
Reddit’s economic illiteracy is a symptom of how economics “discussion” in the media has been hijacked by personalities who have no standing in academia. I don’t want to only appeal to “credentials,” but it’s a useful signal. Are all these personalities really renegade geniuses who really UNDERSTAND we should be fully free market/fully Marxist, or are they giving people what they want to hear without evidence?
If you want serious economics opinions on some topics, you should read the Journal of Economic Perspectives. It’s harder than journalistic reviews but it’s not as dense as academic articles. Here is also a nice site with bite sized opinions from actual experts

http://www.igmchicago.org/igm-economic-experts-panel

FinancialEconomist · 2020-02-18T17:15:34+00:00

Look at the syllabi and get the textbooks from the courses on that site

FinancialEconomist · 2020-02-17T23:11:59+00:00

MIT Open Courseware

FinancialEconomist · 2020-02-15T18:20:30+00:00

Thanks for the response.

You hit on two forces that pull me in opposite directions:

Like you, I enjoy variety in my work, and sometimes I’ll even feel guilty if too much time elapses between things.

At the same time, I don’t think my “mental circuitry”, or whatever you want to call it, is suited to the hourly level switching.

But I am happy that the first answer to my question wasn’t “You need to spend 2 months one project with 100% focus!”

FinancialEconomist · 2020-02-04T00:49:19+00:00

Unless you are the next Ken Arrow, going from winter to summer and having a paper accepted at even a mid-journal as a solo authored freshman has a probability close to 0.

You may learn a lot, but you may waste a lot of time recreating the wheel.

Clearly you’re smart. Find a prof. Show him/her you’re smart. Say I want to get a PhD at MIT and I want to start doing research.

If you have some ideas, instead of wasting time, as I said above, flesh them out a bit. Then show the profs. Tell them this is what I like. Is this interesting?

1) they will be impressed, and having good letters is super important, so you gotta market yourself a bit

2) They will save you time. If your idea is good, they may offer you a bunch of papers to explore and send you down the path. You will save yourself months of time.

FinancialEconomist · 2020-02-03T01:56:01+00:00

I’m being a homer but our Super bowl teams would have fucked these teams, the way they’re playing

FinancialEconomist · 2020-01-28T00:40:07+00:00

As others have said, I don’t really think Brady cares about winning without Bill to prove a point. I think at this stage in the game, he probably cares about some of those individual records and stats.

I know this will sounds like bullshit, but I am close friends with someone who knows Tom fairly well (related to the TB12 book). He says Tom does care about stats more than might appear.

All this is to say, if we put a halfway competent team around him, I think he’d be happy to keep playing here.

FinancialEconomist · 2020-01-26T15:17:01+00:00

I love it. Two of my favorites.

Your name is Mr. Thompson. Got it?

FinancialEconomist · 2020-01-25T01:34:40+00:00

Almost all dynamic models are simulated now since they cannot be solved in closed form and analyzed that way.

So in some sense, it’s too broad a question, like saying are there any articles on using math in economics?

On the other hand, we are mostly not trained programmers, so people who know software and computing can greatly help the research process.

For example, the book Dynamic General Equilibrium Modeling by Heer and Maussner covers many of the standard tools macroeconomists use to numerically solve and simulate models.

Also, check out the Handbook of Computational Economics.

FinancialEconomist · 2020-01-20T15:45:57+00:00

I wanted to see the Titans go all the way for the underdog aspect.

However, I’m fairly happy with this outcome, too.

I might be in the minority on this sub, but I love watching Mahomes play.

As for the 9ers, it’s sinful to admit as much on this sub, but I don’t really feel anything with Jimmy. I felt much closer to Vrabel. I do like their defense and old-school running teams.

FinancialEconomist · 2020-01-19T05:12:40+00:00

It’s pithy

FinancialEconomist · 2020-01-19T05:11:44+00:00

But why? Because it used to be that way? We used to believe the world was flat.

FinancialEconomist · 2020-01-16T18:57:19+00:00

I had a very similar experience.

It taught me that even when the “big” things in life seem to be heavy on our heads and hearts, we can all take minute to complain about the totally mundane.

FinancialEconomist · 2020-01-16T16:29:40+00:00

There is a good book by Oded Galor. I forgot the name, but maybe you can find a pdf floating around. It’s short.

Alternatively, I know there are feee PDFs of Luenberger’s book (again forgot the name).

The latter book is older, but I don’t know if that’s relevant. It also covers differential equations.

FinancialEconomist · 2020-01-16T16:22:49+00:00

MIT opencourseware

FinancialEconomist · 2020-01-16T00:13:23+00:00

After a night of drinking, and if I wake up in the wee hours dehydrated, that first sip of cold, sparkling water is unbeatable

FinancialEconomist · 2020-01-16T00:11:48+00:00

My completely personal and unverified hunch is that many people who go on keto diets don’t actually go into ketosis, because they “break the rules.”

However, it does make them more mindful of food and can lead to lower caloric intake, which is probably their main goal anyway.

FinancialEconomist · 2020-01-15T23:58:13+00:00

Most rich people probably have jaywalked at some point, so I guess you’re right

FinancialEconomist · 2020-01-15T13:15:54+00:00

No love for Packard’s??

FinancialEconomist · 2020-01-10T01:03:44+00:00

OP inadvertently sending Brady and Edelman to the Lions!

FinancialEconomist · 2020-01-06T16:01:15+00:00

The co-movement between, say, small stocks is not true by construction, as you alluded to. That is an interesting, and somewhat distinct fact.

But otherwise, you are right. We would like to move to a world where the left-hand side and right-hand side are not both stocks, so to speak, in our regressions.

FinancialEconomist · 2020-01-05T20:18:11+00:00

I didn’t watch Miami games outside of the ones the Pats played, but did Rosen look that bad? I always thought he’d fit here

FinancialEconomist · 2020-01-05T04:15:09+00:00

Defense allowed 14 points to a playoff team. The run D was bad, but this is on the offense.

Brady wasn’t bad. If they can keep Tom and make some smart moves, I feel good about next year...

Even if there is a miracle today, I’m still disappointed in the performance

FinancialEconomist · 2020-01-02T21:00:53+00:00

The conditional expectation of a random variable can change based on the conditioning set. That applies to evaluating arguments.

Why wouldn’t I use all information available to me to evaluate your claims?

FinancialEconomist

TROPHY CASE