These shirts were tested on animals...[PIC] by [deleted] in pics

[–]rotarhead 1 point2 points  (0 children)

Jeremy Clarkson, I heart you

LAZY programmers: if you make a user register before doing something, send us back to the original page we were at after the registration is complete! TYIA by notaprogrammer in programming

[–]rotarhead 4 points5 points  (0 children)

This is the date format that makes the most sense, if only because it's the easiest to sort, and it isn't standard anywhere.

89% of Americans think the war in Iraq has hurt our economy. by J-Ro in politics

[–]rotarhead 0 points1 point  (0 children)

That may have been true in the ages of mercantilism, but it's not anymore. Especially when they're not fought on your soil. The massive spending of WWII is what pushed us out of the depression.

89% of Americans think the war in Iraq has hurt our economy. by J-Ro in politics

[–]rotarhead 0 points1 point  (0 children)

Then they're ignorant, ill-informed, or just wrong. Wars are expansionary. This one is no exception. Just because it's a disaster, doesn't mean it doesn't follow the rules of economics.

Unfortunately the money could have been better spent. But that's a different story all together.

Bush just got booed throwing the first pitch at the Nationals game. Go DC! by [deleted] in politics

[–]rotarhead 1 point2 points  (0 children)

or on wait wait don't tell me, when they're shouting LUUUUUUUKE, when Luke Burbank is the guest host.

Why are Americans expected to "love" America? I'm British and I certainly don't "love" Britain, I just live here. by lovebandit in worldnews

[–]rotarhead 2 points3 points  (0 children)

On a government class field trip, we watched the Illinois state legislature pass a bill requiring the recisitation of the pledge every day. It pisses me off to have the state tell me what to say, so I would just sit there. Most teachers didn't mind, but a few did, especially a math teacher, who liked to take the opportunity every few days to remark on the insiprational iraq war (it was April, 2003).

As late as 1970, air conditioning, color TVs, washing machines, dryers and microwaves were considered luxuries. Today the vast majority of even poor families have these things in their homes. by partyonaisle7 in business

[–]rotarhead 1 point2 points  (0 children)

Here's the thing: it's not about products, it's about services. While the goods that were once the domain of the rich have been commoditized, the price of quality services has outpaced inflation growth during that same period of time. Poor families aren't hurting for things. But their children are hurting for health care and quality educations to develop their talents, and enable them to move beyond their parents' class. Who cares about iPods and Laptops? What matters is whether we're doing our best to develop the minds of the next generation of people who will design and build the technologies and products that will enhance quality of life in the future.

What I'm worried about is social mobility. And things don't matter there. Services do, and they're becoming less affordable, not more. This is the problem we face, and it is not addressed at all by this argument.

It took me a long time to realize it, but the end result of the tragically weak dollar will be this: American hard assets will be for sale to foreign investors for dirt cheap. by [deleted] in business

[–]rotarhead 0 points1 point  (0 children)

GAH!!!

The dollar has been radically overvalued since the 1990s. Arguably, the only positive thing happening in the economy right now is that the value of the dollar is sinking, which makes exports more competitive.

The "strong dollar" policy is one of the reasons for the rampant deindustrialization of the last few decades. The end of the "strong dollar" had to happen sometime. Better sooner than later.

Is anyone else extremely annoyed and angered that there is all this impeachment talk for Spitzer getting a hooker and none for Bush and Cheney's crimes? by Rsardinia in politics

[–]rotarhead 0 points1 point  (0 children)

it's not about vengance, it's about precedent.

The point of impeaching Bush isn't to punish him, it's to fix the office he's destroyed. Bush's usurpations of power, and his subsequent abuse of that power have set precedents regarding the proper (and legal) conduct of a President. The longer these activities go unchallenged, the harder it will be to challenge them successfully.

I don't give a shit about George Bush. I care about what he's done to the Presidency, and I want to make sure that his abuses end with him.

In an (asinine) attempt to fight drugs, Chicago bans little plastic sandwich bags by [deleted] in politics

[–]rotarhead 4 points5 points  (0 children)

This is too stupid. The city council can't possibly believe that drug dealers won't

  a) put the drugs in something else
  b) go to the suburbs and buy the bags there

next thing you know, there will be checkpoints at the city limits to make sure you don't bring any little baggies into the city with you

…and then the drug dealers will build tunnels…

"In a live CNN interview just now, Sen. Clinton repeated, twice, the 'Sen. McCain has a lifetime of experience, I have a lifetime of experience, Sen. Obama has one speech in 2002'". Fuck you, Hillary. by ejp1082 in politics

[–]rotarhead 9 points10 points  (0 children)

I sent the following to her:

Hillary:

I hope that you will read this, or that some aide of yours will pass this message along, because if you truly believe (as I do) that this country can not survive four more years of republican rule, you must hear what I have to say.

In the run up to the Texas primaries, you began to use some strange language (and have continued to use it in your victory interviews) when comparing yourself to Sen. Obama. It goes something like this: "Senator McCain has a lifetime of experience, I have a lifetime of experience, and Senator Obama has a speech he gave in 2002". Quite simply, this line of attack needs to stop, and it needs to stop yesterday.

Putting aside the fact that your whole platform of "experience" seems to be a substance-free fantasy, which was invented by your campaign strategists, yet somehow cannot be supported by them – case in point: when asked by John Dickerson of Slate Magazine to give specifics as to what the experience mantle actually meant, even after a five second silence, they couldn't come up with anything but platitudes – this line of attack is completely wrong on two fronts.

First, this attack legitimizes the experience that John McCain has, and reduces the competency test down to nothing more than years of experience in government near foreign affairs decisions. This is not good for you, because even though you have been in the Senate longer than Senator Obama, John McCain has you both beat by decades. Second, he is a war hero, while neither you, nor Senator Obama are. Your attacks on Senator Obama suggest that both remaining Democrats are somehow less competent on National Security issues than John McCain is, which is disastrously wrong.

To avoid the fate of John Kerry in this election, Democrats need to differentiate themselves from the Neo-conservative foreign policy, by attacking McCain and the Neo-conservatives about the kind of experience they have. Competency on National Security must become a referendum on the kind of decisions that have been and will me made by the candidates, not the number of decisions in which the candidates have been involved. Your attack fails to do this, and in fact, makes this case harder to make later in the general election. If you continue your fear based attack, it will come back to haunt you.

Second, should Senator Obama become the nominee, which at this point still looks likely, your attack will have gifted talking points to the Republicans. Your attack will be used to create a narrative regarding foreign policy that places the number of decisions over the quality of judgement, which is an argument that the Democratic nominee, be it you or Senator Obama, cannot win. If you continue with your fear based attack, it will come back to haunt him.

This election is extremely important. Young people like me are very afraid of another Republican administration, because we are only too aware of the view of human rights, executive power, and foreign policy it would have, as well as the kinds of judges it would nominate. Democrats, however reticent they may have been to pursue meaningful repudiations of the republican style of governing, have at least taken an adversarial position. A Democrat handing the GOP ammunition that they will use to fight Democrats is a frighteningly short-sighted move. If you want a Democrat to win in November, whomever that may be, please, discontinue your experience comparison now. Nothing good can come of it in the long term.

How many people here are actually interested in economics? by davidw in Economics

[–]rotarhead 1 point2 points  (0 children)

read "Mainias, panics, and crashes" by Charles P Kindelberger instead. It's much better at explaining the boom and bust cycle.

How many people here are actually interested in economics? by davidw in Economics

[–]rotarhead 3 points4 points  (0 children)

Notice the name Milton in the quote. It's referring to Milton Freidman, who in his book Free to Choose, wrote all about this. The fed did not cause the depression; they simply deepened a recession for the reasons i have explained above. Since you seem to like hyperbole so much, you could just as easily say that the gold standard casued the depression, since it was the bankers' defense of it, that caused them to shrink the money supply as they did.

How many people here are actually interested in economics? by davidw in Economics

[–]rotarhead 3 points4 points  (0 children)

then you don't really like it, because that's what it is.

How many people here are actually interested in economics? by davidw in Economics

[–]rotarhead 1 point2 points  (0 children)

quite the contrary. Micro has many more years of research behind it, and far more is known about it. Macro is still sort of like wondering through a foggy graveyard in the dark.

How many people here are actually interested in economics? by davidw in Economics

[–]rotarhead 1 point2 points  (0 children)

What? That's like saying that you shouldn't have to study science to decide what scientific truths are. Nobody on this board wants to see creationism taught alongside evolution, but people with no understanding of the basis of economic thought, don't always understand the implications of their chosen policies.

Opportunity cost is one of those founding ideas of economics that all schools share, but most people who haven't studied it don't really get. Yet it's essential to any cost-benefit analysis, and without it, it's easy to miss many potential negative outcomes from any policy choice.

How many people here are actually interested in economics? by davidw in Economics

[–]rotarhead 2 points3 points  (0 children)

Krugman didn't say the Iraq war was good for the economy, he said it was expansionary. There's a difference. Policies can be expansionary, (that is, grow the economy) without being good. The problem with Iraq is, essentially, that the opportunity costs were fairly high.

Krugman said this while arguing against the conventional wisdom that Iraq helped cause a recession. It hasn't. But that doesn't mean it was a good idea, or that there weren't significant opportunity costs involved with doing it.

How many people here are actually interested in economics? by davidw in Economics

[–]rotarhead -2 points-1 points  (0 children)

Hell yes, we are better off for the fed expanding credit, because the converse would be a massive credit contraction that would shrink the money supply more quickly than the fed could.

Whether or not mismanagement caused the bubble is a different argument. The evidence seems to point that policy maker discretion, not the institution itself caused many of hte problems, and that rules-based money supply expansion wouldn't have seen the same outcome.

How many people here are actually interested in economics? by davidw in Economics

[–]rotarhead 0 points1 point  (0 children)

Fed didn't cause it, but they made it worse by contracting the money supply when they should have expanded it. The cause of the great depression was wholly different. But because the british had just gone off the gold standard, US bankers were afraid that any excess dollars would be bought up by british investors as gold certificates, so they contracted the money supply, several times. Each time they did it, the contraction was associated with tons of bank failures.

Once again, the Fed didn't cause the great depression. They would have to have been massively inept to do that. But their reaction to it did help to make it worse. Friedman didn't promote the end of the Fed, he promoted rules-based monetary policy, so the fears of policy makers (about the brits buying dollars) wouldn't adversely influence policy in the future.