Ariele 🏗️🌐🏳️⚧️
@nominaltarget
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Italian National Ponzi Scheme victim // statistical and economic sciences undergrad @unimib // 🏳️🌈🏳️⚧️🇪🇺
Joined August 2024
i made this meme two years ago with the intention of being, y'know, humorous. nonetheless, it has received countless criticism for being way too simplistic. to address them, i decided to copy and paste the entirety of the use of knowledge in society (1945) on top of it. enjoy :)
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forcing people and redirecting resources to produce more weapons is not an economic miracle
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they made businesses and banks accept mefo bills of which they kept changing maturity dates to avoid repayments. they fixed wages at great depression levels. they had price controls and already extensive rationing to deal with shortages three years before the war even begun.
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they defaulted on international payments. they had a perpetual currency crisis that they tried to alleviate by annexing austria and threatening eastern european into accepting barter agreements in german weapons for food oil and other raw materials.
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contrary to popular beliefs they ran (up to 1938) small deficits. the german recovery is explained by an international cyclical upswing as most countries dropped off the gold standard in 1931. the bulk of the public works happened in ‘36, two years after reaching full employment.
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i’m so sick of the awkward nazi economics apologetics to score one point for keynesianism. there was no economic miracle and their policies weren’t keynesians, you’re giving it to fucking hitler for nothing
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"Causation does not imply variation." A lovely saying coined by Tyler Muir with applications to price pressure in stocks and the causality revolution in applied micro. Just because x causes y does not mean most variation in y is caused by x. https://t.co/8CIpeREBth
grumpy-economist.com
Tyler Muir suggested this lovely catchphrase, which should stand next to “Correlation does not imply causation” in our menagerie of econometric sayings.
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Econometricians: We present a new empirical method that comes with several caveats and should be use with caution... Applied microeconomists:
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is it because snap is an already existing program that’s dem coded, while doing their thing would be rep coded on the basis that they are the ones doing it
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what exactly is the reason why trump and republicans oppose snap benefits on grounds that it goes to “undeserving” recipients and it allows “immoral” consumption like sodas, but are seemingly in support of dishing out $2000 no strings attached
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Better yet, why not a mortgage with NO fixed deadline? In exchange for this flexibility, freeze payments at 0% principal amortization. Which would be worth it for low-income homeowners!—as the sole custodian of the equity, *the lender* would cover repairs, taxes, and insurance.
Thanks to President Trump, we are indeed working on The 50 year Mortgage - a complete game changer.
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it has only just occurred to me that andreessen is real life horatio from endless space 2. megalomaniac rich guy who wants to rule the universe and reshape it to his own image, cone head and everything
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2005-2008 FOMC:
honestly the crash and (hopeful) correction can't come fast enough. delayed torture vs. 5 minute surgery without anaesthetic
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@honestpollster The chart is real. Your conclusion is not. The split between productivity and worker pay after the 1970s doesn’t show “the death of capitalism.” It shows the rise of everything that isn’t capitalism: • Fiat money and inflation after the end of the gold standard • Payroll
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This chart is damning. The death of true capitalism.
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America's almonds, one of the most water-intensive crops, are almost exclusively grown in California— where there are constantly droughts, wildfires, and temperatures regularly reach 105 or more. If you live in Southern California and you don't hate farmers, you hate yourself.
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in the future, not now, disregard today’s job market conditions
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how hard would it be to get a visa sponsored job in the US corporate sector with a master in econ/econometrics from europe
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