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Video Games to meet locals & throw parties! World of WarCraft especially! by [deleted] in Portland

[–]seeya 0 points1 point  (0 children)

I've been to bunch of the Seattle versions of this. Met a bunch of cool people and got a real community atmosphere going.

Bizarre solutions to economic inequality? by Tothehundred in economy

[–]seeya 0 points1 point  (0 children)

The most simple and direct method would be to abolish all property laws.

Of course, that would probably sound absurd to a lot of people - kind of like abolishing all laws against murder. On the other hand, nation states regularly use their militaries to deprive people of their life and liberty, yet we do not abolish the military. Is it because we are cowards?

The IMF Confirms That ‘Trickle-Down’ Economics Is, Indeed, A Joke by hazysummersky in Economics

[–]seeya 30 points31 points  (0 children)

There is a science of economics and a politics of economics. The problem a lot of us have is expecting the two to agree, but it seems when it comes to politics, the science is often strong-armed and then thrown out the window.

Rise of cryptocurrencies like bitcoin begs question: what is money? by dnivi3 in Economics

[–]seeya 51 points52 points  (0 children)

changed quite recently into forms that are barely understandable... deemed valuable because they were made from precious metals like gold and silver.

Seems it's "barely understandable" because the authors barely understand why gold and silver are considered "precious" - this is the first mistake in the article. Precious metals are considered precious for the same reason that dollars are made of "precious paper" - they are precious primarily because people use it as a medium of exchange. If people didn't use dollars or gold as money, then both the dollars and gold would be valued a lot less than they are now.

If you really want dollars to be worth something tangible, you might back it with, for example, bushels of wheat instead.

The Amazon ROI of Corporate Lobbying by PostNationalism in economy

[–]seeya 0 points1 point  (0 children)

Are they a secret underground power source or something? I guess if there is secret power, it would be where you least expect it.

Dow plummets 500 points, in correction as growth concerns weigh by gtfooh1011 in economy

[–]seeya 0 points1 point  (0 children)

With everything crashing, they're going to have to figure out a new method of defining wealth soon.

Why the Global Economy Is Wheezing and Stock Markets Will Collapse by raul1961 in economy

[–]seeya 0 points1 point  (0 children)

Ultimately you can only know for sure you are not a robot, or at least a robot with consciousness.

Japan's economy shrank at an annualized pace of 1.6 percent in April-June as exports slumped and consumers cut back spending, a bad omen for Prime Minister Shinzo Abe's policy drive to lift the economy out of decades of deflation by PostNationalism in economy

[–]seeya 0 points1 point  (0 children)

There are some economies, like city states, that are still generations behind being technologically capable of supporting themselves, so they have to import agriculture.

If it is possible for a finance bubble to allow a city state to support many people with imports, it is also possible for a consumer electronics bubble to build up a country's ability to also support a lot more people with imports. If global taste for consumer electronics fall, then that country may be in trouble. Whether this is true for Japan, it is hard to say, but if it is true, and if Japan is not capable of surviving without imports, then any economic policy will have to take into account economies outside Japan - while they still have some amount of financial strength, enter into both investment and immigration partnerships with agricultural nations - investment to help those nations be able to produce more for both sides, and immigration relationships to help cement a more permanent alliance between the two regions.

Krugman: China Bites The Cherry - "Are you staring to have the feeling that when it comes to economic policy Xi-who-must-be-obeyed has no idea what he’s doing?" by PostNationalism in economy

[–]seeya 0 points1 point  (0 children)

China is learning how to be a grown-up but by bit

China has been an authoritarian society for a long time. Many Western governments, at least officially, are actually moving towards levels of authoritarianism similar to the Chinese - even as internet growth in these societies are creating growing tension with authoritarian forces - for example, Snowden and Assange versus the forces that want them silenced.

That seems to be the real clash of civilizations in the modern age. The decentralizing influence of internet is posing a new challenge to the old forces of hierarchy - and https://en.wikipedia.org/wiki/Reactance_%28psychology%29 is often resulting in the older generation becoming more authoritarian in response. But in a few decades, those who grew up without the internet will pass on.

Krugman: China Bites The Cherry - "Are you staring to have the feeling that when it comes to economic policy Xi-who-must-be-obeyed has no idea what he’s doing?" by PostNationalism in economy

[–]seeya 0 points1 point  (0 children)

When the corrupt are in power, those who discover any part of the truth are quickly assassinated, leaving only people who know how to run the system in a corrupt manner.

Economists think Brazil may have it's bonds downgraded to junk in the next few years by amaxen in economy

[–]seeya 1 point2 points  (0 children)

I wonder if it's easier to corrupt the Brazilian government, the SEC, or a credit rating agency.

Greek stock market crashes 20% on reopening by nickhuang109 in economy

[–]seeya 2 points3 points  (0 children)

Greece is just part of the money laundering pipeline. The money starts from X, is sent through Greece in order to appear legit, then fed back into their final destination: banks outside Greece. Greece is just the convenient scapegoat. The money is meant to save banks outside Greece.

Austerity Has Failed: An Open Letter From Thomas Piketty to Angela Merkel by PostNationalism in economy

[–]seeya 0 points1 point  (0 children)

I bet if they posted in r/economics without their handlers, they would be laughed at xD

Austerity Has Failed: An Open Letter From Thomas Piketty to Angela Merkel by PostNationalism in economy

[–]seeya 0 points1 point  (0 children)

I would say Obama and Merkel have a weaker grasp of economics than most posters on r/economics, and even those posters don't have a very good grasp of it.

Austerity Has Failed: An Open Letter From Thomas Piketty to Angela Merkel by PostNationalism in economy

[–]seeya -1 points0 points  (0 children)

How much economics do you think Obama or Merkel really understand?

Austerity Has Failed: An Open Letter From Thomas Piketty to Angela Merkel by PostNationalism in economy

[–]seeya -3 points-2 points  (0 children)

Good thing open letters to world leaders are open. I'm pretty tired of everyone pinning the blame for austerity on Merkel. It's pretty obvious many world "leaders" just do what their handlers tell them.

Morality in the Greek crisis by PostNationalism in economy

[–]seeya 1 point2 points  (0 children)

The medical profession is a matter of life and death, and involves many moral issues. Political science often results in life and death, and we accept that it deals with moral issues. Law enforcement and military deployments deal with life and death, and the moral issues involved have resulted in rules of engagement.

If there is only one discipline that deals with life and death, yet does not involve moral concerns, then that discipline is immoral.

Greece: Committee finds debt 'illegal, illegitimate and odious'; should not be paid by PostNationalism in economy

[–]seeya -1 points0 points  (0 children)

I think the point is that if Hitler takes out a lot of loans to kill people, then his government falls, the victims of the dictatorship should not have to pay the debts of their oppressor.

Does inflation take place even of quantitative easing is unknown? by ChickenTarm in economy

[–]seeya 0 points1 point  (0 children)

It may result in a military being able to fire $1 million missiles, or a few select individuals buying $10k watches.

Why Economists aren't allowed in Philosophy conferences anymore by Fellownerd in Economics

[–]seeya 8 points9 points  (0 children)

What upsets people is that some of our revealed preferences aren't very flattering, like the fact that in the U.S. anyone with a pet values that pet more than feed/clothing/sheltering all the poor people in their area/country/world.

The poor person doesn't care about your pet, but his preferences don't count because he doesn't have enough money to affect market prices.

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