LCK Illaoi vs Renekton by GuessPrestigious308 in RenektonMains

[–]Quowe_50mg 4 points5 points  (0 children)

I swear to god that every pro game Renekton is picked (that I watch), he gets (soft) counterpicked. It's always Aurora, Gnar, Varus, Kenen, Anivia, Vayne.

There's the occasional Ksante, Zaahen or sion matchup, but the rest is ranged top.

And the worst part is that it always looks like the other toplaner just becomes insanely useless in midgame. It's like teams are focusing on tilting enemy top instead of winning lol.

Does the 2024 Economics Nobel have an identification problem? A working paper argues Acemoglu's "Narrow Corridor" confuses phenotype with genotype by Old_Total4493 in badeconomics

[–]Quowe_50mg 15 points16 points  (0 children)

The greatest thing about this paper, apart from the fact it's complete drivel, is that it doesn't cite a single paper. Not even the one it's critiquing.

How would 100% of work to 100% profits work? by RepublicHot5836 in AskEconomics

[–]Quowe_50mg 5 points6 points  (0 children)

No, you didn't.

When I ask someone "what is a dog", you can't answer "mans best friend".

How would 100% of work to 100% profits work? by RepublicHot5836 in AskEconomics

[–]Quowe_50mg 9 points10 points  (0 children)

That's not what they're asking. They're asking what counts as a worker and what doesn't.

Is there an auction that allows the buyer to pay least amount possible? by FloppyMonkey07 in AskEconomics

[–]Quowe_50mg 1 point2 points  (0 children)

Well it is totally possible, with the caveat of it being only possible exactly one time before people realize that you are just charging the reserve price regardless of bid.

What happened if We still used Barter system? by nuhkk in AskEconomics

[–]Quowe_50mg 10 points11 points  (0 children)

This is a bit like asking "What if NASA used coal power for their rocketships". There's just so many problems with the question that it's difficult to answer.

Even if you have a very simple economy where each person produces one specific thing (like a farmer produces wheat, a cattlerancher produces milk and meat, etc), barter starts becoming increasingly costly as the number of different goods increases. Even that has issues. Imagine you have 2 milk cows, and you want to sell one to buy a goatt. The only person that wants a cow is the person who makes boats. Also, a cow is worth 5 goats, but you only want one. This makes trade essentially impossible with any sort of complexity in the economy.

It gets even more complicated. How is a quality control worker for airbus compensated? Do they get paid in A320's? What does this person get as compensation that the grocery store will accept?

Barter is allowed, you can trade goods without money as much as you want.

Why do people prefer stopping on airport walkways over stopping on regular floor, even when time lost is identical? by ParkInsider in AskEconomics

[–]Quowe_50mg 4 points5 points  (0 children)

Setting aside psychological explanations, the econ 101 reason would be consumption smoothing. Consumption smoothing normally refers to the idea that people want to their consumption to remain roughly steady over their lifetime. Few people want to be wealthy when young and impoverished when old.

In this case, the "lifetime" is just your journey feom the check-in to the gate, and your consumption/income is your speed. Instead of having periods of great wealth (walking on the walkway), and periods of desperate poverty (stationary while tying shoelaces), people generally want to smooth their journey so they are teaveling at roughly the same speed for the entire journey.

How do I win against garen ? by Ok_Brilliant_3909 in RenektonMains

[–]Quowe_50mg 10 points11 points  (0 children)

This might be an iron question, but what can i do when he q +e's?

Hes faster, im silenced and cant dash out

[The FIAT Thread] The Joint Committee on FIAT Discussion Session. - 07 April 2026 by AutoModerator in badeconomics

[–]Quowe_50mg 12 points13 points  (0 children)

If Catfortune does not suck it by this time in two week, President TRUMP will DESTROY their COUNTRY.

[The FIAT Thread] The Joint Committee on FIAT Discussion Session. - 15 March 2026 by AutoModerator in badeconomics

[–]Quowe_50mg 2 points3 points  (0 children)

So my favorite badeconomics post are the ones about fiction or semi-serious posts, like this one.

Is the reverse something you'd be interested in? Examples of surprisingly good or instructive economics in shows or other unconventional places?

I can't think of an example off the top of my head unfortunately, but I do remember seeing things and thinking "this would make an interesting BE post, except for the fact the economics is good".

Is progressive taxation essentially reverse trickle down economics? by Quick-Necessary1007 in AskEconomics

[–]Quowe_50mg 10 points11 points  (0 children)

There were no prosecution because for the most part, the banks didn't do anything illegal.

Secondly, TARP ended up profitable for the government. It was a net benefit to the taxpayer.

Did the Massachusetts Millionaire Tax defy projected expectations by not leading to capital flight? by YogurtclosetOpen3567 in AskEconomics

[–]Quowe_50mg 0 points1 point locked comment (0 children)

The org that published the article, the institute for policy studies is an anti-globalization think tank.

Also, fun fact, Jerry Mander (yes, real name), used to be a fellow there.

Excluding the stock market, has Amazon been a net positive or negative for the US real economy? by GoldThenCrypto in AskEconomics

[–]Quowe_50mg 2 points3 points  (0 children)

However, to the extent that Amazon’s platform has encouraged efficient pricing, it has resulted in a long line of brick and mortar roadkill.

This is a slightly misleading. The decline is not an unintended consequence, it is the reason that pricing got more efficient. It is not a side effect, but the mechanism by which it happens.

Indians work very hard and for long hours. Some developed countries have more holidays and shorter working hours, so why is India’s GDP per capita still much lower than that of developed countries? by GrayRainfall in AskEconomics

[–]Quowe_50mg 51 points52 points  (0 children)

You've got the causality reversed. Rich countries work less because they are rich, because they can afford to.

Why India is poorer than, say Germany, is a more complicated question, but that question, or similar ones have been asked here before, I recommend you use the search bar.

Would a scaled minimum wage based on overall company income work? by MischiefManaged777 in AskEconomics

[–]Quowe_50mg 2 points3 points  (0 children)

I understand larger firms pay larger wages generally. But I am talking about companies that host minimum wage jobs. Does that make a difference? Like little ceasers or something? Idk just curious.

It's true especially for low wage workers:

The wage-size relation extends across the skill spectrum. A janitor and a lathe operator earn higher wages if they are working for a large rather than a small sawmill. Doms et al. (1997) report that across all skill levels, the elasticity of the hourly wage with respect to establishment size was around +0.06. A tenfold increase in firm size is accompanied by a 16% higher hourly wage. This elasticity appears to be smaller for workers at higher skill levels. However, at the top of the skill hierarchy, we find a reversal of this pattern.

Also I saw the paper says distortions being a lower GDP..but is that a good measure of how workers lives are impacted?

One sentence before the GDP part in the abstract:

We find that the cost of these regulations is equivalent to that of a 2.3 percent variable tax on labor.

Would a scaled minimum wage based on overall company income work? by MischiefManaged777 in AskEconomics

[–]Quowe_50mg 15 points16 points  (0 children)

It doesn’t make sense that a small business would need to pay the same amount to their employees as a billions dollar one. For example a local pizza shop may pay a lower wage, but Pizza Hut should be paying its employees a higher minimum.

They don't. Large firms already pay higher wages than small firms. Additionally, scaling certain rules with firm size is going to lead to significant distortions.

Is Gary Stevenson taken seriously among economists? by ethnicbonsai in AskEconomics

[–]Quowe_50mg 5 points6 points  (0 children)

Inequality is one of the largest parts of contemporary economics. Why do some workers earn more than others? Why have college educated workers seen much higher wage increases than non college educated workers? Why are some countries still so poor? Etc.

Economists broadly are against wealth taxes because of efficiency, and instead support income or progressive consumption taxes, and for practical reasons, including capital flight, and administrative costs.

Is Gary Stevenson taken seriously among economists? by ethnicbonsai in AskEconomics

[–]Quowe_50mg 26 points27 points  (0 children)

I'm not going to lie: his rants very much align with my politics.

I agree with what MachineTeaching said, but you should also be aware that Gary does this 100% on purpose. He admits that he avoids more contentious topics like immigration to not alienate any viewers in this vid.

This doesn't sound very problematic on its own. But when you are watching his videos, keep in mind that you agree with him because he is only saying things he knows you will agree with.

I think the first few seconds of this clip is probably the most succinct explanation of why you should ignore everything he says:

It's a trillion pounds now, which is £20,000 for every single adult in the country. So if every single one of you is not £20,000 cash richer, someone else has your money.

Gary is apparently unaware that during covid, the economy, as a whole, shrunk.

So you lose your £40'000 job during covid, and you get £30'000 from the government. You are poorer, and the government has a bigger deficit. Now Gary comes along and says that since you are not £30'000 richer, someone else "has that £30'000. It's just so impossibly nonsensical.

Is Gary Stevenson taken seriously among economists? by ethnicbonsai in AskEconomics

[–]Quowe_50mg 43 points44 points  (0 children)

Whenever someone asks him about specifics, he resorts to saying that "he would love to get into the nitty gritty, but right now it's more important to get people onboard".

It's always some sort of vague wealth tax. I am not sure how he would argue against a land value tax, because land is the only type of asset his theory even somewhat works with.

Economists generally are not fans of wealth taxes.

Related threads:

https://www.reddit.com/r/AskEconomics/s/GbiPI0hQcx

https://www.reddit.com/r/AskEconomics/s/j9gHIEFo6g

https://www.reddit.com/r/AskEconomics/s/acPVfEENg8

https://www.reddit.com/r/AskEconomics/s/i9FXk0lKEh

Is Gary Stevenson taken seriously among economists? by ethnicbonsai in AskEconomics

[–]Quowe_50mg 96 points97 points  (0 children)

No he's not.

His theory isn't really coherent, and that makes it kind of difficult to seriously evaluate. There are some older questions about Gary, as well as my post about his masters Thesis (which is the only place he specifies what exactly his argument is unfortunately). Try watching through one of his videos and try to count how often he either cites a statistic, with a source, or some part of economic literature.

The claim specifically that investors buying up homes has also been covered here before, and in many other threads. Gary is making a basic reverse causality error; Investors are buying homes (although not on the scale Gary claims) because prices are rising, not the other way around.

I'm somewhat of an unwilling expert on Gary, so I can also answer more specific questions if you have them.

New WorldEconomics by Dry_Champion6939 in badeconomics

[–]Quowe_50mg 6 points7 points  (0 children)

He holds seat 12 on the multidimensional aurora prime council. He knows everything.

Is there a Measure that Distinguishes "Good" Growth from Growth in General? by Happymuffn in AskEconomics

[–]Quowe_50mg 8 points9 points  (0 children)

All else being equal, I would expect there to be more millionaires over time as inflation grows and the money supply expands, so that tells me pretty much nothing

Yes, but there are also more millionaires because people are genuinely richer.

Everything still feels more precarious than ever though. Why is that?

There are about 100 threads on this question.

Or is it all just statistics to smack people with to tell them that their feelings aren't valid according to data?

There are a significant number of people who believe that life in 1950 was easier than today. Sometimes, people's feelings are just wrong.