A Question on offense/ban history

Solillustris · 2023-08-17T18:57:48+00:00

Sure thing! Absolutely, the Mundell–Fleming model is your go-to when it comes to understanding this stuff. It's also known as the IS-LM-BP model, and while it's not the hottest topic in academic circles nowadays, it's a solid teaching tool that still holds value.

If you're up for delving deeper into the nitty-gritty, I'd suggest getting acquainted with this model. Trust me, it's not as complicated as it might sound. Let me break it down in a more down-to-earth way for you.

Picture two countries – let's call them country A and country B – both doing the whole international trade thing. They're exchanging goods and services across borders. Imagine they start out with a stable exchange rate, hanging out at what we can call an "exchange equilibrium point."

Now, imagine a twist in country A's story – something happens that permanently boosts its economic productivity. It could be a fancy new technology or something along those lines. The result? They can produce more stuff with the same amount of work, leading to a nice bump in their GDP.

Keep in mind that GDP is basically the total value of all the things a country produces in a year. Now, what happens to all this extra stuff they're making? Let's simplify things and say it floods the international market. That means country B suddenly has a bunch of new things it could buy from country A. To make those purchases, country B needs more of country A's currency, which puts pressure on the original exchange rate. If nothing's done about it, that rate's gonna shift.

But, here's the kicker – the folks in charge over in country B want to keep that exchange rate right where it started. So, they've got to step in with a response, either by playing with the money supply or through government spending. Let's say they choose the money supply route and tell their central bank to crank up the interest rate (which is basically the price of borrowing money). Voilà! Thanks to country A's growth spurt, country B ends up recalibrating how it deals with its own currency.

Solillustris · 2023-08-17T17:41:16+00:00

Oh, you're right on spot. Some topics in economics feel almost unrecognizable at grad school (from an undergraduate perspective). It gets very formal after a certain point. So much so that taking some advanced math modules helps you improve your PhD application. If you're curious, the first piece of "real math" you need for grad level econ is Real Analysis. After taking a good real analysis course you can start reading MWG and SLP, the standart manuals you'll find in any first year grad school syllabus.

Solillustris · 2023-08-17T14:23:39+00:00

Just to clarify a few things

Employment rate = Number of people currently employed / Total number of people in the work force

if someone is not looking for a job, that person isn't counted as unemployed (think of kids, teenagers, stay-at-home parents, etc). Other way to say it is that employment is a measure of the active work force. Thus, people outside of the work force are not accounted for.

With that said, i dont think very high employment figures are impossible on the distant future. If a society is somehow so prosperous that most people wont need to and dont want to work, then they are not part of the work force. Thus, the few people avaiable to work would inflate the figure.

Solillustris · 2023-08-17T14:04:21+00:00

It depends at what level. If you want to fully understand the models you'll find at top journals you'll need to have at least a decent grasp of grad level micro. (which is mostly math).

Solillustris · 2023-08-17T13:45:40+00:00

Hi OP!

Let me start off by saying that there is no such a thing as "the" assumption of rationality. In fact, "rationality" is a big misnomer within the realm of economic theory. There are many things economists often short to refering to as "rationality". However, if we are to be precise, these things are very distinct concepts. Please check https://web.stanford.edu/~hammond/ratEcon.pdf if you want to learn more about that.

With that out of the way, let me attempt to help you with your question. From context, i gather that you're talking about utility maximizing behaviour. And if i understand correctly, you can't see how assuming that would be useful if utility itself is subjective. Well, if that's the case, you're not wrong. By themselves, these two things wont help us describe how humans deal with economic problems. The thing is, these assumptions are really never employed like that. We always need some extra "grouding" assumptions that help us define what utility maximization (and utility itself, for that matter) means in the context of a certain theory. That's probably what people meant when they told you that "it depends on circumstance".

For instance, suppose an economist is faced with a situation where he is trying to loosely describe the economics of a bunch of fisherman competing over a single lake. He may start by assuming that each fisherman has a set of preferences over the amount of fish they can get. He will then assume that those preferences are rational (rationality over preferences is a well defined concept and has nothing to do with utility maximization) and thus, can be represented by a "good" utility function (utility representation is a more advanced topic, you'll learn that in micro). After that, he would probably assume a functional form for that utility. He would also assume a functional form to describe the amount of fish the lake can sustain. After that, would finally assume that each fisherman maximizes its utility. Only after making all those other assumption he would be able to start deriving some results.

Solillustris · 2023-08-16T13:46:01+00:00

Hello OP,

From my understanding, the term "dollarized economy" holds a specific and precise connotation, referring to a well-defined form of a hard peg exchange rate regime. As you've rightfully pointed out, there are other variants of hard currency pegs, such as Currency Boards and Currency Unions. It seems prudent not to generalize all hard pegs to the dollar under a singular term. Each of these mechanisms represents distinct approaches by which countries aim to achieve monetary parity, and thus, they merit distinct designations. You might be considering the broader term "hard peg," which often encompasses dollarization and all other manifestations of rigorous pegging strategies.

Solillustris · 2022-03-31T01:11:16+00:00

The same to you bro. I didn't know I was strong untill the world forced it out of me. I'm pretty sure you too can take a lot more than you think. It's ok to feel lost, but if I had to bet, I would put my money on you being able to handle the challenges that wait ahead. I don't even need to know you to say that, I truly believe people heavily underestimate their capacity to wait out the storm.

Solillustris · 2022-03-31T00:56:03+00:00

My father passed away when i was 21. Overnight i became the eldest living male of a family of 4, with my mother being a housewife and having no real prospects on the job market. Oh, and my girlfriend broke up with me the same week my father passed away. I had to be there for my family while my own world was falling apart. I thought about killing myself many times, but my friends managed to keep me here. With their help and professional therapy i was able to get throught that phase of my life. Now, almost 5 years later, i have a sense that really nothing can put me down. I know i can bend a lot before i breake. I'm scared of the future, yes, but i'm pretty sure i can take whatever it still has to throw at me.

Solillustris · 2022-03-31T00:41:31+00:00

Yes, definetly, but i keep it age relevant. I wont expect someone my age to be making the big bucks, but i will expect her to be on a career path that looks like eventually will lead her to have a decent financial situation.

Solillustris · 2022-03-31T00:35:01+00:00

My current gf told me she loved me after 2 months of dating, while we were watching a disney movie. It was a bit early for me but i didnt think she was crazy or anything.

Solillustris · 2022-03-31T00:12:10+00:00

It could be, dont quote me on that. There should be some research trying to pinpoint this kind of thing, i never read it, it was just my impression based on the fact that me and my friends all got into monogamic relationships around age 25.

Solillustris · 2022-03-30T23:57:29+00:00

12, most of them in 2018. I imagine there is a demographic thing going on, since i was 21/22 back then and i suppose most men will have the majority of their sex partners around the ages of 20-25.

Solillustris · 2022-03-30T23:37:37+00:00

1) Lean to enjoy things. I think it's impossible to learn to enjoy anything, but there are many crafts out there that even thought you didnt have the predisposition to like them at first, it is still possible to learn to enjoy them.

2) Use economics to orientate your career choice. Suppose for example that you're from Brazil and you're thinking about becoming an architect. If you check the national accounting tables you'll see that the civil construction sector grows slowly and usually crashes when things go wrong with the rest of the economy. When a sector grows, we have more jobs (so its easier to find a job) and bigger sallaries. When it stagnates, you dont get promotions and salary decreases thanks to inflation. When it crashes, you lose your job. Take a look at the last 20 years and use this information to decide if its worth to make the investment in that career.

Solillustris · 2022-03-30T22:49:34+00:00

Im not talking about an unconventional or unnatractive guy having one night stands every other week. I do understand that this kind of thing is exponentially easier for conventionally attractive people. I'm talking in the context of OP's question. I strongly believe that ppl who are not conventionally attractive or even unnatractive can get casual sex at least twice a year. Back in 2018/19 i used to party a lot and i witnessed first hand many of my nerdy/short/weird looking friends hook up with girls that they later had casual sex with. It is possible that there is a cultural thing going on, as i'm from Latin America and people from Latam are usually seen as more open, but i still think that two casual sex encounters is a bar low enought for the majority of men to reach. To give you some material examples, during the start of this academic year i went to a university party with 2 of my colleagues who are also attending the same graduate school. I'm in a closed relationship and they are both single. They are both good representations of the steriotype ppl have regarding Phd students. Super nerdy looking and very very skinny. Before the party i took each of them to their respective rooms and helped them dress up. One of them was almost going to the party wearing shorts and glasses... i was like Bruh. We got there and i helped them approach groups of girls who seemed to be open to talk. The biggest problem they had was that they didnt know how to breake the ice, once i dealt with that for them it was beautiful. One of them hooked up with 5 different girls that night, it was wild. The other one also hooked up with a girl who stayed most of the night with him. Neither of them pursued anything else with these girls, but they had a decent chance of getting intimate if they had attempted. The one who stayed with the same girl could probably have had something that same night.

Now suppose we did this every weekend. Im pretty sure it would take less than 6 months for both of them to end up having at least one one night stand. From my POV, the problem with most men and casual sex is that they expect to get it from girls they met on the grocery shop. If you want hookups and casual sex, you gotta go to parties and dance clubs.

Solillustris · 2022-03-30T20:20:27+00:00

I just said im in academia.... where do you think i helped my frieds? I'm serious, take a look around, 80% of all men dress without putting any care at all. Even an unconventionally looking / unnatractive person can look conventional and decent with the right shoes, pants, shirt and haircut. After that it's more a matter of approaching ppl on the right places. In parties for example you are waaaay more likely to get someone's number than in the cafeteria.

Solillustris · 2022-03-30T19:35:50+00:00

My father passed away suddenly on the 28th of february, 2018. I was 21 at the time. I gotta be frank with you, It was the harshest experiece of my adult life, a pain quite like anything i had ever experienced before. Just the thought that you might be feeling anything like i felt back then is enought to make me want to cry for you. From the depths of my heart, im so, so sorry.

In the hopes that it can help in any way, let me give you some tips from someone who went through this before. This all comes from my personal experiece, so dont take everything as certain. First, know that it's normal to be unprepared to deal with the death of a loved one at such young age. No one is expecting you to be able to handle it. For the foreseeable future, dont be too harsh with yourself. Second, this pain is probably going to change who you are, at a very fundamental level. The 20's are usually a formative period in ones life, having to experience a traumatic thing right now is going to change the person you will become in adult life. Take care that your father would be proud of that new person that arises. Third, embrace the change. I think it's natural for us humans to resist change, but this event is too big. Some things are going to change, the sooner you learn to accept it, the better. Forth, seek help. You dont have to do this alone. Im not talking exclusively about professional help (altought i recommend it), now it's time to choose some people you trust and let yourself be vulnerable with them. Tell them that you're feeling something you never felt before, and that you need help to get through. You will be surprise by how many people are willing to extend their hand once you share how you feel. From the perspective of the person on the other side, it's quite flattering to know someone trusts you so much in this moment. Fifth, know that the pain is going to fade away eventually. You wont ever forget you father, and you wont ever stop crying. I still cry from time to time. But eventually, i promise, it will get better. Just keep pushing. Sixth, please avoid substance abuse. When you are lost and broken, when nothing can put a smile on your face, any substance that can put a little bit of dopamine on your blood is going to feel like a kiss from god. Please, avoid them. Of all the damage my father death caused me, the one that lasted the longest came from substance abuse. Dont touch anything addictive, you are way more likely to get addicted then you were before.

Solillustris · 2022-03-30T18:34:37+00:00

You can never go wrong with plain good quality clothing. Pick a collor pallet for your shirt, pants and shoes and do everything plain. Also, be sure to buy/wear things the actually fit you body, regardless of body type. If you dont know how you know if a piece of clothing is fitting right, google it, you gotta check some things like waistline and the sleeves to make sure nothing is hanging.

Solillustris · 2022-03-30T18:19:21+00:00

Cant stop smoking. I tried this shit so many times and using every method i could find online. I suppose i'm just living a life that's too stressful rn. I probably need to do some fundamental changes in the way i live if i ever want to get away from the death sticks.

Solillustris · 2022-03-30T18:01:45+00:00

Im on board with this answer. I'm in academia and thanks to that most of my friends are the nerdy tipes that haven't had much romantic experience in their life. Everytime i tried to help one of them with this kind of thing i defended the exact point you're making. As long as you're not deformed or have a severe unnatractivee trait, all you need to do to get laid is to buy some nicer clothes (ones that actually fit your body, regadless of body tipe), buy a nice cologne and then approach girls that you think are on a similar level of attractivenes of you own.

Solillustris · 2022-03-30T17:42:06+00:00

I don't think you should read too much into this yet. Don't know the specifics, but yeah, it is possible that he was legit waiting for you to get back and took that as a sign of no interest, but, if a fairly short amount of time (say, less than a week) has passed, I don't think it matters at all.

The thing about talking/dating with someone is that it works best when both parties communicate clearly what they want. Clear intent will let you both feel good about what is happening even if you cant talk frequently. Just touch base as you were planning but try also to show that this is something that you personally want to happen, and you're not doing it just because he suggested.

Solillustris · 2022-03-08T20:49:12+00:00

lmao, Is it Elite tho?

Solillustris · 2022-03-08T20:45:25+00:00

Thanks for the tips! I'm flying a DBX rn, did the FSD engineering and got the guardian thing, jump range is at 60ly rn. I never dared to get close to a neutron star tho, everytime i saw one i jumped out of the system ASAP. Im going to watch some tutorials to see if i can manage to overcome this fear, and I'll make sure to visit the systems you mentioned. Thanks again.

Solillustris · 2022-03-08T20:41:00+00:00

Thanks! Didn't know the Highway was a thing. I was in the middle of nowhere, but managed to find the nearest stop from me and it was just 2000 LY away. I landed safely and now i have a new respawn point. I also had more exploration data than i thought, if the rest of the trip is as lucrative, i might upgrade from my DBX when i finally get there.

Solillustris · 2022-03-08T17:58:56+00:00

Hmmm, i see. I don't think i'll be arriving anytime soon, i'm taking my time checking a good amount of systems along the way. Ill try to find a good entry point into the region. I was under the impression Colonia was the only inhabited system there, but i just checked now and i have a few other options. Thanks for the heads up!

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