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If the econmy fails

For anyone who might want to have a side conversation...you're welcome here!
Re: If the econmy fails
Post by umbrarchist   » Thu Oct 27, 2016 10:43 pm

umbrarchist
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DDHv wrote:Have you noted that our recent improvements in cross communication reduce the influence of publisher and other "gatekeepers" about our access to information :?:

:cry:


Yeah, but it also means far more low quality information flying around to be filtered out.
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Re: If the econmy fails
Post by DDHv   » Thu Nov 03, 2016 8:13 pm

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umbrarchist wrote:
DDHv wrote:Have you noted that our recent improvements in cross communication reduce the influence of publisher and other "gatekeepers" about our access to information :?:

:cry:


Yeah, but it also means far more low quality information flying around to be filtered out.

Ouch - so true! This includes both low quality opinions, and inaccurate data. IMO, the worst is when any theory is elevated above observations because you then get no corrective against bad information
:shock:

Back to the economy.

From: http://townhall.com/columnists/thomasso ... sletterad=

Letter from a reader: "The Socialists want to take the 'sting' out of poverty. They don't understand that it's the 'sting' that got everyone I know out of poverty and not a minimum wage."
Well, it worked for my parents
:|

From: http://townhall.com/columnists/johnstos ... sletterad=

Bad idea. Economists call this the "tragedy of the commons." When everyone works "together," some people don't work very hard.

I once read that in all of congress, there is only one person who is an economist. Don't know if this is real, but some of the laws passed sure sound like it is
:lol:
Douglas Hvistendahl
Retired technical nerd

Dumb mistakes are very irritating.
Smart mistakes go on forever
Unless you test your assumptions!
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Re: If the econmy fails
Post by DDHv   » Sat Dec 10, 2016 10:34 am

DDHv
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From: http://politicalcalculations.blogspot.c ... EwRL_PTNFQ

It's just that now, we can directly communicate how much federal spending per household that the United States can truly afford with respect to the income of the median household.

If any of you have good contacts with a congressman or staff, you might bring this to their attention. I'm going to send it to the offices of ours. The same method of analysis should work for any other country where the needed data exist
:!: Of course, they can misuse it :cry:

From: http://www.economist.com/news/finance-a ... ing-parity

Innovation and differentiation—the creation of things new and singular—are a boon to economic progress and the bane of economic measurement.

Worth reading
:|
From: http://personalliberty.com/hidden-bank-power-see/

When sanity prevailed, financial markets were primarily a reflection and facilitator of the global economy. Now that it’s been financialised, we have a sort of ‘upside down’ casino in which financial markets act as the primary support mechanism and tend to lead the economy.

Does anyone know any time in history when this type of situation has worked out well
:?:
Douglas Hvistendahl
Retired technical nerd

Dumb mistakes are very irritating.
Smart mistakes go on forever
Unless you test your assumptions!
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Re: If the econmy fails
Post by WeirdlyWired   » Sun Jan 01, 2017 6:35 am

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DDHv wrote:From: http://politicalcalculations.blogspot.c ... EwRL_PTNFQ

It's just that now, we can directly communicate how much federal spending per household that the United States can truly afford with respect to the income of the median household.

If any of you have good contacts with a congressman or staff, you might bring this to their attention. I'm going to send it to the offices of ours. The same method of analysis should work for any other country where the needed data exist
:!: Of course, they can misuse it :cry:

From: http://www.economist.com/news/finance-a ... ing-parity

Innovation and differentiation—the creation of things new and singular—are a boon to economic progress and the bane of economic measurement.

Worth reading
:|
From: http://personalliberty.com/hidden-bank-power-see/

When sanity prevailed, financial markets were primarily a reflection and facilitator of the global economy. Now that it’s been financialised, we have a sort of ‘upside down’ casino in which financial markets act as the primary support mechanism and tend to lead the economy.

Does anyone know any time in history when this type of situation has worked out well
:?:

As far as I can find, this has gone back as far as the 1600s. Just before the french revolution the Real estate market blew up
Helas,chou, Je m'en fache.
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Re: If the econmy fails
Post by DDHv   » Wed Feb 08, 2017 9:44 am

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WeirdlyWired wrote:
snip
As far as I can find, this has gone back as far as the 1600s. Just before the french revolution the Real estate market blew up

The bean counters taking over an economy does seem to (by historical standards) precede collapses. Would this be this a cause or just an early symptom of the collapse?

For those using sunrooms, greenhouses, etc. for winter vegetable production: Eliot Coleman's books are worth study. Coleman discusses what can live at sheltered lower temperatures and how to handle them. He developed his commercial methods in zone 3, later moved to zone 5 to allow greater variety.

Finding that empty gallon jugs (2 >5/week) can be recycled from a local garage improved my winter night time (unheated) temperatures. I'm not complete, but current outside temperature is -7degF, solar room 22.6 deg F, up from last year. Jugs are more work than water barrels and only last a few years in sunlight. They also have more surface area. The recycling is: hold water > plant pots > fuel.
:idea:

From: http://cfif.org/v/index.php/commentary/ ... for-repeal
A recession comes, then >
Terrified politicians and hyperventilating media figures immediately begin identifying scapegoats and demanding scalps. Conveniently, those scapegoats always reside in the private sector, never mind how government mandates dictated business decisions or steered us toward the reckoning. Blame is always placed on alleged insufficient regulation, never overregulation.

Predictably, the scapegoats also happen to have deep pockets. Trial lawyers descend like vultures, and class action lawsuits multiply. New laws are passed. New regulations are imposed. New agencies are empowered. They won't let this happen again.

Then, a few short years later it happens again anyway. Wash, rinse, repeat.

The push toward more state control ignores that bureaucratic blunders hurt many other people. A private sector blunder in something done at their own expense contrasts that with smaller problems, except to themselves. :roll: FWIR, a regulation requiring baby clothes to be non-flammable used a chemical which turned out to be a carcinogen. By the time this was discovered, a major recall was needed. Given a private effort, there would have been less sold, and possibly competitive alternatives
:|
The EPA recently recently let liquid mine waste be released into moving water. Does anyone know if those responsible had any personal consequences from the blunder
:?:

From: http://cfif.org/v/index.php/commentary/ ... filibuster

Minutes after President Trump announced his Supreme Court nominee, Schumer proclaimed that "on a subject as important as a Supreme court nomination," there have to be 60 votes to move the nomination along.
snip
At the Constitutional Convention, the framers considered requiring a supermajority in the Senate to pass laws, but repeatedly rejected the idea.

James Madison explained in Federalist No. 58 that it would give the minority control over the majority. The "principle of free government would be reversed." Requiring laws to pass two houses of Congress and giving the president a veto were better ways to promote wise lawmaking.
snip
NYU law professor Burt Neuborne deplores these "rules that scratch my back today and yours tomorrow." They protect career politicians but not the public.

From: "The Road to Serfdom" by Frederich A. Hayek
(in collectivist polities) Every activity must derive its justification from a conscious social purpose. There must be no spontaneous, unguided activity, because it might produce results which cannot be foreseen and for which the plan does not provide.

Hayek lived through the events of pre WWII Austria. This book was published in 1944, but IMO is still well worth reading. One point he explains is why in a collectivist movement, there is a strong tendency for evil people to rise to power
:)
Douglas Hvistendahl
Retired technical nerd

Dumb mistakes are very irritating.
Smart mistakes go on forever
Unless you test your assumptions!
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Re: If the econmy fails
Post by DDHv   » Fri Mar 17, 2017 9:53 pm

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From: http://cfif.org/v/index.php/commentary/ ... nder-obama

Per capita incomes are much higher in countries that are more economically free. Economies rated 'free' or 'mostly free' in the 2017 Index generate incomes that are more than double the average levels in other countries, and more than five times higher than the incomes of people living in countries with 'repressed' economies.

OTOH
"Economic freedom has advanced in a majority of the world's countries over the past year. Global average economic freedom increased by 0.2 points to a record level of 60.9 on the 0-100 scale used in the Index of Economic Freedom. Since the inception of the Index in 1995, average scores have increased by over 5 percent."

The US still ranks as "mostly free." Is this a comfort to those who have problems because some bureaucrat over-regulates
:?:
Douglas Hvistendahl
Retired technical nerd

Dumb mistakes are very irritating.
Smart mistakes go on forever
Unless you test your assumptions!
Top
Re: If the econmy fails
Post by Daryl   » Fri Mar 17, 2017 11:06 pm

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Depends if you use average or median capita incomes as your yardstick. Less regulations do tend to increase economic activity, but they can also increase income inequity. Not much use to the typical worker if the nation's average capita income rises, but his drops because more is going to the obligarths.


DDHv wrote:From: http://cfif.org/v/index.php/commentary/ ... nder-obama

Per capita incomes are much higher in countries that are more economically free. Economies rated 'free' or 'mostly free' in the 2017 Index generate incomes that are more than double the average levels in other countries, and more than five times higher than the incomes of people living in countries with 'repressed' economies.

OTOH
"Economic freedom has advanced in a majority of the world's countries over the past year. Global average economic freedom increased by 0.2 points to a record level of 60.9 on the 0-100 scale used in the Index of Economic Freedom. Since the inception of the Index in 1995, average scores have increased by over 5 percent."

The US still ranks as "mostly free." Is this a comfort to those who have problems because some bureaucrat over-regulates
:?:
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Re: If the econmy fails
Post by DDHv   » Fri Mar 17, 2017 11:37 pm

DDHv
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Posts: 478
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Daryl wrote:Depends if you use average or median capita incomes as your yardstick. Less regulations do tend to increase economic activity, but they can also increase income inequity. Not much use to the typical worker if the nation's average capita income rises, but his drops because more is going to the obligarths.


DDHv wrote:From: http://cfif.org/v/index.php/commentary/ ... nder-obama

"Per capita incomes are much higher in countries that are more economically free. Economies rated 'free' or 'mostly free' in the 2017 Index generate incomes that are more than double the average levels in other countries, and more than five times higher than the incomes of people living in countries with 'repressed' economies./"
OTOH
"Economic freedom has advanced in a majority of the world's countries over the past year. Global average economic freedom increased by 0.2 points to a record level of 60.9 on the 0-100 scale used in the Index of Economic Freedom. Since the inception of the Index in 1995, average scores have increased by over 5 percent. /"
The US still ranks as "mostly free." Is this a comfort to those who have problems because some bureaucrat over-regulates
:?:

Very true. OTOH, From: http://cfif.org/v/index.php/commentary/ ... izens-flee
People vote with their proverbial feet. So do employers.

IMO this is a case of theory vs. experiment
:|

Curently reading: "Specialization and Trade" by Arnold Kling. It looks very interesting so far and I'm still in the introduction
:!:
Douglas Hvistendahl
Retired technical nerd

Dumb mistakes are very irritating.
Smart mistakes go on forever
Unless you test your assumptions!
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