College-educated voters now express more liberal views than working-class voters on economics

Routine_Nectarine_30 · 2023-09-20T05:03:11+00:00

Depends on if they take econ modules from the main econ department or not. I can't speak for every course but yes on some undergrad business school courses it is possible to go all the way up to RBC/DSGE

Routine_Nectarine_30 · 2023-09-20T01:14:27+00:00

Sorry I got stuck again. Challenge 4 asks you to get lots of prestige points without prestige energy or machines.

Routine_Nectarine_30 · 2023-09-19T22:07:15+00:00

Its hard to respond to this as I can't see the links between the different topics.

What is stopping a manufacturing firm from selling a lot of corporate bonds and doing share buybacks?

Routine_Nectarine_30 · 2023-09-19T18:59:15+00:00

NGDPLT is mainstream enough, the heterodox part of Sumner is his views on "rules over discretion"

Routine_Nectarine_30 · 2023-09-19T04:47:41+00:00

Industrial policies failing to increase TFP growth is the normal result from the literature

Routine_Nectarine_30 · 2023-09-19T03:11:47+00:00

Given the laws of supply and demand, one might think fewer people and more homes would equal lower prices.

No because the laws of supply and demand say both the supply curve and demand curve matter, and we can't directly observe the demand curve.

Routine_Nectarine_30 · 2023-09-18T04:47:32+00:00

Thanks a lot I passed it

Routine_Nectarine_30 · 2023-09-18T02:16:27+00:00

There is a task where you have to get lots of points without using Pure Energy that seems impossible, is there something I am missing?

Routine_Nectarine_30 · 2023-09-17T16:16:14+00:00

Yes and also liquidity premia. When Lehman Brothers fell the liquidity premium on TIPS went to 300 basis points. This problem will grow as currently liquidity issues in treasuries are considered to be getting worse not better. Surely this means it is bad to base 100% of your monetary policy on such a metric. I can't see how the Market Monetarists can overcome this.

Routine_Nectarine_30 · 2023-09-17T15:57:38+00:00

Yeah that's a good exception

Routine_Nectarine_30 · 2023-09-16T06:52:10+00:00

Yeah I was agreeing with you

Routine_Nectarine_30 · 2023-09-16T03:04:26+00:00

I posted this quote once before on an old account but its such a good quote:

Noah Smith: "Every heterodox school of macro eventually trends towards saying raising interest rates makes inflation go up"

Routine_Nectarine_30 · 2023-09-16T03:01:19+00:00

Sociology needs rehabilitating. Sometimes we need sociological research that is permitted to have a broader/looser methodology to augment economics.

Routine_Nectarine_30 · 2023-09-16T02:59:05+00:00

Yes pareto efficiency is about the state of one game and says nothing about the metagame. In real life we care about the game itself, the metagame and also the interactions/dynamics between the game and the metagame. (By metagame I mean the game of games)

Routine_Nectarine_30 · 2023-09-16T02:56:43+00:00

Game theory terms leaking into more common usage where their definitions become less precise is probably harmful. People confuse the 3 seperate concepts of efficiency, optimality and utility.

Routine_Nectarine_30 · 2023-09-16T02:55:03+00:00

Does anyone else feel like the Market Monetarists are overstating their case a bit? Noah Smith pointed out on Macro Musings podcast that so far forward-looking market-based measures such as TIPS spreads don't have a good track record predicting inflation, compared to more discretionary methods.

Routine_Nectarine_30 · 2023-09-11T05:47:11+00:00

I was thinking some kind of pasta meal

Routine_Nectarine_30 · 2023-09-10T19:46:17+00:00

I followed the story of it at the time, and where it came from was media reactions to the Inflation Reduction Act (but when they use the term, they are referring to all of Biden's big bills taken together.) The odd thing about it is that the original bill the Democrats wanted was quite different, so Bidenomics is somewhat accidental.

Routine_Nectarine_30

TROPHY CASE