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Mixtape Culture Club
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May 2024 Photo Theme - Peaceful
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What makes you smile?
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Things You Thought Today
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Bug Reports & Feature Requests
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Human Curated?
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Evolution!
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songs that ROCK!
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favorite love songs
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USA! USA! USA!
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Sonos
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Economix
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Fascism In America
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You might be getting old if......
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Your favourite conspiracy theory?
- KurtfromLaQuinta - May 29, 2024 - 4:58pm
Science in the News
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Roku App - Roku Asterisk Menu
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Geomorphology
- NoEnzLefttoSplit - May 29, 2024 - 10:56am
Baseball, anyone?
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The Obituary Page
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Name My Band
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Notification bar on android
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Interviews with the artists
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RightWingNutZ
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RP Daily Trivia Challenge
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Poetry Forum
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fortune cookies, says:
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• • • The Once-a-Day • • •
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First World Problems
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Funny Videos
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Internet connection
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Ways to Listen to RP on WiiM Plus
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John Prine
- KurtfromLaQuinta - May 26, 2024 - 5:34pm
New Music
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Artificial Intelligence
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What Makes You Laugh?
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The Dragons' Roost
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Media Matters
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2024 Elections!
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Dialing 1-800-Manbird
- oldviolin - May 24, 2024 - 3:42pm
What's that smell?
- oldviolin - May 24, 2024 - 3:41pm
Business as Usual
- R_P - May 24, 2024 - 12:49pm
It's the economy stupid.
- R_P - May 24, 2024 - 12:38pm
Bob Dylan
- Steely_D - May 24, 2024 - 10:50am
Rock mix sound quality below Main and Mellow?
- R567 - May 24, 2024 - 9:11am
Odd sayings
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Solar / Wind / Geothermal / Efficiency Energy
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Nederland / The Netherlands
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Music News
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Photography Forum - Your Own Photos
- KurtfromLaQuinta - May 22, 2024 - 8:51pm
Science is bullsh*t
- GeneP59 - May 22, 2024 - 4:16pm
Maarjamaa
- oldviolin - May 22, 2024 - 3:32pm
Gotta Get Your Drink On
- ScottFromWyoming - May 22, 2024 - 3:25pm
Coffee
- haresfur - May 22, 2024 - 12:12am
Most played: what's the range? Last 30 days? 90?
- theirongiant - May 21, 2024 - 2:20pm
Shawn Phillips
- Isabeau - May 20, 2024 - 6:20am
The Corporation
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Positive Thoughts and Prayer Requests
- GeneP59 - May 19, 2024 - 4:08pm
What can you hear right now?
- GeneP59 - May 19, 2024 - 4:07pm
China
- Isabeau - May 19, 2024 - 2:22pm
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Index »
Regional/Local »
USA/Canada »
It's the economy stupid.
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Page: Previous 1, 2, 3 ... 7, 8, 9, 10, 11 Next |
ScottFromWyoming
Location: Powell Gender:
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Posted:
Nov 30, 2016 - 10:39pm |
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Lazy8 wrote: haresfur wrote:I'll try again.
You are saying it is bad in that it there is a net loss of wealth making mankind worse off. I'm saying that they not only did it for publicity (something that can be purchased that usually is believed to lead to profit) but that they got their target market to pay for it out of the market-people's entertainment budget. So you are basically arguing that the choice people made freely is bad for mankind. Sounds like Libertarianism to me. Libertarianism consists of not stopping them. Not interested in stopping them. My point was purely economic; people spending absurd amounts of money to fund a basketball stadium and bribe a team to stay in town are also net destroyers of wealth, and also seen as economy-boosting measures. GDP measures only money changing hands, ignoring what that money actually bought. And I don't even regard entertainment (which consumes resources, land, and labor but produces nothing tangible) as bad. Art is inspiration—a meta-good, an essential part of civilization. Just don't equate it (directly) with economic progress. I guess I can think of worse things. The hole is a waste but what if, instead of buying hole-digging time, people bought Monster gold-plated speaker wire for their stereo? And threw out their old wire? The wire (either wire) might only ever carry Air Supply and Paul Harvey reruns.
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Lazy8
Location: The Gallatin Valley of Montana Gender:
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Posted:
Nov 30, 2016 - 10:26pm |
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haresfur wrote:I'll try again.
You are saying it is bad in that it there is a net loss of wealth making mankind worse off. I'm saying that they not only did it for publicity (something that can be purchased that usually is believed to lead to profit) but that they got their target market to pay for it out of the market-people's entertainment budget. So you are basically arguing that the choice people made freely is bad for mankind. Sounds like Libertarianism to me. Libertarianism consists of not stopping them. Not interested in stopping them. My point was purely economic; people spending absurd amounts of money to fund a basketball stadium and bribe a team to stay in town are also net destroyers of wealth, and also seen as economy-boosting measures. GDP measures only money changing hands, ignoring what that money actually bought. And I don't even regard entertainment (which consumes resources, land, and labor but produces nothing tangible) as bad. Art is inspiration—a meta-good, an essential part of civilization. Just don't equate it (directly) with economic progress.
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kurtster
Location: where fear is not a virtue Gender:
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Posted:
Nov 30, 2016 - 9:14pm |
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haresfur wrote: I'll try again.
You are saying it is bad in that it there is a net loss of wealth making mankind worse off. I'm saying that they not only did it for publicity (something that can be purchased that usually is believed to lead to profit) but that they got their target market to pay for it out of the market-people's entertainment budget. So you are basically arguing that the choice people made freely is bad for mankind. Sounds like Libertarianism to me.
Ouch ...
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haresfur
Location: The Golden Triangle Gender:
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Posted:
Nov 30, 2016 - 7:33pm |
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Lazy8 wrote: haresfur wrote:I don't see it as any less productive than most entertainment industries. NBA doesn't exactly build wealth in the way you are saying. It is marketing where you get your market to to pay for it rather than forking out the money yourself. Even that isn't new - look at the T-shirt industry.
I agree that it is a waste, much like the NBA. I'll try this one more time. The point isn't that the event itself is good or bad. The point is that it resulted in a net loss of wealth, but the metric most commonly used to measure the economy says it grew the economy. Mankind is worse off, but the numbers look great. This stunt is basically a Keynesian stimulus without the pretense of actually accomplishing anything, something Keynes wrote favorably about. I'll try again. You are saying it is bad in that it there is a net loss of wealth making mankind worse off. I'm saying that they not only did it for publicity (something that can be purchased that usually is believed to lead to profit) but that they got their target market to pay for it out of the market-people's entertainment budget. So you are basically arguing that the choice people made freely is bad for mankind. Sounds like Libertarianism to me.
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Lazy8
Location: The Gallatin Valley of Montana Gender:
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Posted:
Nov 30, 2016 - 6:11pm |
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haresfur wrote:I don't see it as any less productive than most entertainment industries. NBA doesn't exactly build wealth in the way you are saying. It is marketing where you get your market to to pay for it rather than forking out the money yourself. Even that isn't new - look at the T-shirt industry.
I agree that it is a waste, much like the NBA. I'll try this one more time. The point isn't that the event itself is good or bad. The point is that it resulted in a net loss of wealth, but the metric most commonly used to measure the economy says it grew the economy. Mankind is worse off, but the numbers look great. This stunt is basically a Keynesian stimulus without the pretense of actually accomplishing anything, something Keynes wrote favorably about.
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haresfur
Location: The Golden Triangle Gender:
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Posted:
Nov 30, 2016 - 4:08pm |
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Lazy8 wrote:The company that makes Cards Against Humanity solicited donations to dig a giant hole. No reason, just dig a hole. Just to dig a hole. An utterly pointless gesture. They raised $100,573 and dug. I'm posting this here just to point out the absurdity of some economic orthodoxy. This exercise increased GDP because money changed hands, but resulted in a net destruction of wealth. Diesel fuel was burned, earthmovers inched closer to their ends of life, people spent hours of their lives that fed, housed, healed, and improved the lives of no one. In the end the land in which the hole was dug has—by any measure—declined in value. The earth as a whole is worse off. But John Maynard Keynes calls it a win. I'm sure somebody will step up to declare this a net positive because the guys who drove the earthmovers got paid, the refinery workers got paid, the people who make earthmover parts will eventually get paid a bit earlier than otherwise. Money moved! Hooray! But wealth—the sum total of resources, land, and man-hours available to useful things—declined. Mankind is worse off. The money that changed hands didn't increase, it just changed hands. Whatever productive use it would have had at the hands of its original owners will not happen. This happened instead. This is your economy on Keynes. Any questions? I don't see it as any less productive than most entertainment industries. NBA doesn't exactly build wealth in the way you are saying. It is marketing where you get your market to to pay for it rather than forking out the money yourself. Even that isn't new - look at the T-shirt industry. I agree that it is a waste, much like the NBA.
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Lazy8
Location: The Gallatin Valley of Montana Gender:
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Posted:
Nov 30, 2016 - 1:52pm |
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The company that makes Cards Against Humanity solicited donations to dig a giant hole. No reason, just dig a hole. Just to dig a hole. An utterly pointless gesture. They raised $100,573 and dug. I'm posting this here just to point out the absurdity of some economic orthodoxy. This exercise increased GDP because money changed hands, but resulted in a net destruction of wealth. Diesel fuel was burned, earthmovers inched closer to their ends of life, people spent hours of their lives that fed, housed, healed, and improved the lives of no one. In the end the land in which the hole was dug has—by any measure—declined in value. The earth as a whole is worse off. But John Maynard Keynes calls it a win. I'm sure somebody will step up to declare this a net positive because the guys who drove the earthmovers got paid, the refinery workers got paid, the people who make earthmover parts will eventually get paid a bit earlier than otherwise. Money moved! Hooray! But wealth—the sum total of resources, land, and man-hours available to useful things—declined. Mankind is worse off. The money that changed hands didn't increase, it just changed hands. Whatever productive use it would have had at the hands of its original owners will not happen. This happened instead. This is your economy on Keynes. Any questions?
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black321
Location: An earth without maps Gender:
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Posted:
Nov 30, 2016 - 7:54am |
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OPEC reaches deal to cut production (oil prices rising), Trump wants to ramp up spending, while cutting taxes, bond yields jumping in the last month...say hello again to our little old friend inflation.
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Red_Dragon
Location: Dumbf*ckistan
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Posted:
Nov 29, 2016 - 10:05am |
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Red_Dragon
Location: Dumbf*ckistan
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Posted:
Aug 21, 2016 - 11:23am |
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R_P
Gender:
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kurtster
Location: where fear is not a virtue Gender:
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kurtster
Location: where fear is not a virtue Gender:
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Posted:
Jan 27, 2015 - 3:42am |
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aflanigan wrote: Good point. Credentialism has been with us since the days of the guilds, right?
Letting go of old patterns and habits can definitely be difficult. There are various people sounding the alarm regarding credential inflation and pointing out that four year degrees/ advanced degrees aren't the bargain they used to be. So far I don't think middle class parents are convinced.
Maybe we need to convince people that we've reached a sort of singularity/tipping point with respect to our current version of capitalism. If trying all the old tricks that worked in the past fail to yield results now, if the middle class continues to shrink and wealth/wage gaps of various kinds continue to grow, maybe we can accept that some fundamental changes beyond the usual approach are in order.
Ah yes, capitalism. Real capitalism quit existing when the term too big to fail was introduced. Too big to fail is the antithesis of capitalism. In straight forward capitalism, nothing is too big to fail. Its a brave new / old world. Earlier, I mentioned the unemployment rate for 4 year grads and yes you were correct as a lot of that had to do with the selection of majors. In today's employment climate, it is unreasonable to expect full gainful employment with a degree in philosophy or art for example. Yet there are many going into these areas. Why ? Is it poor counseling or wishful thinking on the part of the student ? Someone needs to properly counsel on what majors will end up with good employment outcomes. These are not the times where the pursuit of personal indulgence ends up with gainful employment. An old factoid ... Back in the 70's I once heard that over half of over the road truck drivers had majored in psychology.
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aflanigan
Location: At Sea Gender:
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Posted:
Jan 20, 2015 - 2:25pm |
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I alluded to the shrinkage of the middle class previously below. Another aspect of this issue is that, however we define middle class these days, regardless of their numbers, they are not doing so hot financially. This was posted on Huffpo today presumably in anticipation of the SOTU speech tonight: The Sad State of America's Middle Class, in 6 Charts
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aflanigan
Location: At Sea Gender:
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Posted:
Jan 16, 2015 - 9:46am |
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miamizsun wrote:it looks like i've started my first meme
who knew?
Should we rename the topic COASTAL PUNS?
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MrsHobieJoe
Location: somewhere in Europe Gender:
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Posted:
Jan 15, 2015 - 4:25pm |
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I thought the thread might be referring to exchange rate turmoil in Europe, but no!
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miamizsun
Location: (3283.1 Miles SE of RP) Gender:
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Posted:
Jan 15, 2015 - 3:10pm |
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it looks like i've started my first meme
who knew?
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cc_rider
Location: Bastrop Gender:
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Posted:
Jan 15, 2015 - 7:38am |
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aflanigan wrote: I suspect pier instruction only works for stevedores.
I'm gonna dock you ten points for that.
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ScottFromWyoming
Location: Powell Gender:
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Posted:
Jan 15, 2015 - 7:35am |
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aflanigan wrote: I suspect pier instruction only works for stevedores.
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miamizsun
Location: (3283.1 Miles SE of RP) Gender:
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Posted:
Jan 15, 2015 - 7:15am |
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aflanigan wrote: I suspect pier instruction only works for stevedores.
good catch yeah them too
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