neocentrist
@neocentrist
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You're all wrong. Autism is caused by inflation (R^2 of 0.976). And to be clear, NGDP targeting would fix this.
This is not coincidence. Autism is driven by organic food sales.
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Heterodox pages like this spent two weeks saying that it's absurd to claim that they don't understand math, and then they turn around reveal they don't know what an expectation is.
The New Keynesian Investment-Savings curve is time-travel economics.😂 To get demand today, you first need to know what demand will be tomorrow. So DSGE models aren't causal systems they're solved backward, assuming everyone already knows the future.
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My political journey: center-right liberal ---> center-right liberal
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I've made this point in the past, but if heterodox macroeconomists want to prove they're right, they should team up with traders and make a hedge fund. If they're really better able to predict macroeconomic outcomes, then they'll make $$$ and put mainstream economists to shame
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BREAKING: Mamdani's odds collapse in NYC Mayoral Election. If he continues falling at the rate he has the past 24h, Cuomo would be the projected winner.
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this should be on a macro exam with a question like "when do countries usually have very low interest rates?"
Trump: "We should have the lowest interest rates of any country, because without us there are no other countries really."
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oh my god they finally did something
🚨 The Senate votes 52-48 to overturn President Trump's 50 percent tariffs on Brazil. 5 GOP Senators break ranks to vote against Trump: Collins ME, McConnell KY, Murkowski AK, Paul KY, and Tillis NC.
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Unless we count market monetarism as heterodox, in which case only heterodox economists understand the GFC and the subsequent recession.
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🏥 Grand Pianos, Super Bowl Ads, and College Basketball NIL A viral (now deleted) video from a Miami hospital exec started a firestorm about the 340B scam - in which taxpayers subsidize drug discounts for “non-profit” hospitals that use their windfalls to fund outrageous things.
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Yes. See: Weingast and North 1989
Does democracy cause economic growth?
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Estonia? Lithuania? Latvia? Poland? come on.
It is not a coincidence that the two most successful economic development stories at the moment — China and Vietnam — are both socialist market economies.
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if someone in 2024 said that Trump would: 1. put tariffs on everyone 2. take over the DC police department 3. send the national guard into states 4. Basically kill H1B visas 5. give the gov a stake in tech firms 6. used the office for a coin They'd be accused of having TDS.
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Supply curves do exist outside of perfect competition! Best response curves under oligopolistic competition are also supply curves! The arrogance in these declarations is astounding.
@mean_field_zane Even in neoclassical economics of course, supply curves do not exist outside of perfect competition, and perfect competition depends on diminishing returns. No supply curves simply do not exist. They are a fiction. Might be useful in a very narrow set of markets, but not general.
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As a rule of thumb, the burden of proof should be on those who want to restrict individual liberties, not those who want to expand them. But to answer Joe: consumer choice theory says that expanding the choice set makes people better off.
What's the best argument that the liberalization of sports betting laws has made the country better off?
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This November 29, one guest will experience the ultimate travel reward! Play all month and let your next adventure begin at FireKeepers.
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Adding another one: Bank runs can happen to solvent banks in equilibrium if the bank has to pay out on a "first come first serve" basis. But they can be avoided if the bank has discretion on the order in which it returns deposits to customers.
Why is math useful in economics? Here are some counterintuitive results, which math makes intuitive: - Portfolio diversification: an asset with expected return higher than the risk-free rate, which is uncorrelated with the rest of your portfolio, is always worth holding
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One of the problems here is that making models "less hand-wavy" would mean introducing far more math and making models harder to comprehend. Perhaps that's the right thing to do, but it's in opposition to the "do more non-mathematical economics" goal that heterodox thinkers have
IMO it would probably look very different from the actual textbook model, because the contradictions and hand-waves we're all used to would be subject to much more scrutiny.
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the left needs to understand that the right loves to engage in vice signaling
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honestly, horror movies don't go nearly as hard when you're having research anxiety like the image on the left is a lot scarier than the image on the right
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Grand Royal Arch Chapter Mason (highest degree) FAA Top Secret Clearance 1935-1965 Key(1947) Head Engineer and calibrator of electromagnetic/microwave devices and frequency modulation equipment among many titles . American Armed Forces Radio and frequency specialists
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Obama was president when Stranger Things season 1 came out
Bro I was in high school when that show came out, if I didn't have surgery a while ago I'd have a master's degree before it finishes
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Man walks into a store in USSR. He looks around and asks "you don't have any meat?" The clerk says: "No, sir. we don't have any bread. The store next-door doesn't have any meat."
An old joke from communist Bulgaria adapted to modern audiences (see below how) At the Socialist Coffee Shop - I would like a medium coffee. - That would be $6. - Wait, it was $3 yesterday! - Yes, now it’s $6. - Is it double in size? - No. - So the price went up? - Comrade,
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see, i also say deranged things in group chats sometimes, but usually it only goes as far as "maybe inflation targeting isn't that bad"
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