(Thread IKs:
Platystemon)
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milton friedman just outright tells you not to worry about any of his poo poo being true
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Mar 14, 2021 11:09
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GWBBQ posted:700,000+ Visa transactions or 55,280 hours of watching YouTube. That's one Bitcoin transaction not even mining a whole BTC
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Mar 14, 2021 11:24
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FFT posted:re: crypto: remember that there's a poo poo-ton of implicit waste because there's no guarantee that X watts = Y butts A single Raspberry Pi could handle Bitcoin transactions, so it’s like one third of one billionth.
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Mar 14, 2021 11:29
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Nothus posted:You're assuming that effectiveness matters. It doesn't. I had a guaranteed military sale with ED 209! Renovation program! Spare parts for 25 years! Who cares if it worked or not?
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Mar 14, 2021 11:33
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https://twitter.com/motherboard/status/1370447003914735616
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Mar 14, 2021 16:24
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Platystemon posted:A single Raspberry Pi could handle Bitcoin transactions, so it’s like one third of one billionth. Someone hacked an NES to handle it back in the day. The actual transaction part of bitcoin is tiny. All this surplus is busy work to prevent transactions from happening too fast.
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Mar 14, 2021 16:26
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The Oldest Man posted:Neoliberalism is literally a religion and the only difference between the Austrian school and the rest of them are that at least the Austrians loving admit they don't believe in empiricism. The rest just lie. lmao what the gently caress i didn't know that they denied the existence of empirical evidence
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Mar 14, 2021 20:47
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Lady Militant posted:lmao what the gently caress i didn't know that they denied the existence of empirical evidence praxeology is an explicit rejection of both empiricism and also the very concept of involuntary human behavior, which is why its perfect for economics
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Mar 14, 2021 20:49
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Malleum posted:praxeology is an explicit rejection of both empiricism and also the very concept of involuntary human behavior, which is why its perfect for economics im just floored at what economics gets away with. as an engineer if i tried to pull even 1/10th of that poo poo id be laughed out of the discipline
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Mar 14, 2021 20:51
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Lady Militant posted:im just floored at what economics gets away with. as an engineer if i tried to pull even 1/10th of that poo poo id be laughed out of the discipline There's a joke that states that if we took all of the economists in the world and lined them up end to end, they still couldn't reach a conclusion.
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Mar 14, 2021 20:55
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Lady Militant posted:im just floored at what economics gets away with. as an engineer if i tried to pull even 1/10th of that poo poo id be laughed out of the discipline Austrian economics is a joke even among Chicago school types.
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Mar 14, 2021 21:03
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Lady Militant posted:im just floored at what economics gets away with. as an engineer if i tried to pull even 1/10th of that poo poo id be laughed out of the discipline "Austrians argue that empirical data itself is insufficient to describe economics; that consequently empirical data cannot falsify economic theory; that logical positivism cannot predict or explain human action; and that the methodological requirements of logical positivism are impossible to obtain for economic questions." and this is the branch of 'science' that our leaders believe, lmao
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Mar 14, 2021 21:10
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World War Mammories posted:"Austrians argue that empirical data itself is insufficient to describe economics; that consequently empirical data cannot falsify economic theory; that logical positivism cannot predict or explain human action; and that the methodological requirements of logical positivism are impossible to obtain for economic questions." these principles don't explain what we can empirically observe, ergo empirical observation is wrong
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Mar 14, 2021 21:40
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bagual posted:these principles don't explain what we can empirically observe, ergo empirical observation is wrong maybe this theory is broken? no, reality is wrong!
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Mar 14, 2021 21:59
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Austrian economics are a religion, it’s really weird
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Mar 14, 2021 22:06
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Mar 14, 2021 22:15
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https://voyagerstation.com/ Whitey's on the moon. Elman has issued a correction as of 00:12 on Mar 15, 2021 |
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Mar 15, 2021 00:07
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Elman posted:https://voyagerstation.com/ that’ll never be built
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Mar 15, 2021 00:12
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hobbesmaster posted:that’ll never be built
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Mar 15, 2021 00:14
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SMEGMA_MAIL posted:Austrian economics is a joke even among Chicago school types. Yeah Austrianism is good fodder for making fun of but I don't think any government takes it seriously as a source of practical knowledge. It's a politic for petit bourgeoisie to scream about taxes and gold standards, not for the truly powerful. Still very loving funny though.
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Mar 15, 2021 00:34
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the austrians are, through hayek, foundational to the neoliberal revolution lol it does bear noting that their skepticism of positivism in the social sciences is reasonable, though - there's really a whole host of issues with the perspective
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Mar 15, 2021 00:51
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ur telling me the country that gave us the habsburgs also gave us dumb capitalist poo poo
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Mar 15, 2021 02:21
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Elman posted:https://voyagerstation.com/ lmao just one of their habitation modules is bigger than the entire ISS, and they're talking about having 24 of those modules. not to mention that giant rear end ring imagine thinking a private company could actually build that and make a profit doing it
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Mar 15, 2021 03:29
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Main Paineframe posted:lmao since when does "actually making a profit" matter to corporations? just get as incestuously connected with senators and defense contractors as you possibly can, and make your company big enough that going bankrupt would leave ~20k people unemployed, and you're permanently Too Big To Fail so you get bailed out no matter how much money you spend on dumb poo poo (or just give yourself a big check and say you spent it on dumb poo poo, occasionally launch some empty heavy-cargo rockets of scrap metal into the ocean.)
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Mar 15, 2021 03:57
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Austrian economics isn’t even the worst thing to come out of Austria in the twentieth century.
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Mar 15, 2021 04:32
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They are a nation that produces artists thats true.
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Mar 15, 2021 04:33
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the investment site is wild https://netcapital.com/companies
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Mar 15, 2021 04:33
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https://twitter.com/SamMillman/status/1370949095867568128?s=19 Edit lol https://twitter.com/DionRealEstate/status/1370994511883595779?s=19 A Bakers Cousin has issued a correction as of 04:52 on Mar 15, 2021 |
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Mar 15, 2021 04:38
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Platystemon posted:Austrian economics isn’t even the worst thing to come out of Austria in the twentieth century. They did bring us the New Austrian Tunneling Method though.
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Mar 15, 2021 04:48
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A Bakers Cousin posted:https://twitter.com/SamMillman/status/1370949095867568128?s=19 That seems very illegal to me, but then again it is in America.
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Mar 15, 2021 04:58
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V. Illych L. posted:the austrians are, through hayek, foundational to the neoliberal revolution lol SMEGMA_MAIL posted:Austrian economics is a joke even among Chicago school types. It's actually foundational to what they believe, they just choose to wrap it in a veneer of bullshit methodologically unsound "science" that inevitably terminates in overthrowing latin american countries or intentionally driving climate change because my peer reviewed paper says that's the way that you make freedom number bigger. Here's some cool beans "science" that chicago school dipshits have literally won the notnobel prize in economics for quote:According to the original formulation of DICE, staying below the 2°C as agreed by the Paris agreement would cost more in mitigation investments than would be saved in damage from climate change. An updated damage function revised this conclusion, showing that a warming of around 2°C would be "optimal", depending on the climate sensitivity to greenhouse gases.[35] Wow! Endorsing climate genocide? Sign me the gently caress up! quote:The nudge theory can also be applied to fundraising. Nudge theory can help to increase donor contributions, increase continuous donations from the same individual and help to entice new donors to give.[33] There are some simple strategies used when applying nudge theory to this area.[33] The first strategy is to make giving easy. Creating default settings that automatically enrol a donor for continuous giving or prompts them to give every so often encourages individuals to continue giving. The second strategy to increase donors is to make giving more enticing. Some ways to do this involves increasing a person’s motivation to give through rewards, personalized messages or focusing on their interests. Personalized messages,[34] small thank you gifts,[33] and demonstrating the impact one’s donation can have on others, has been shown to be more effective when increasing donations,.[35][36] Another strategy helpful to increasing donors is using social influence. People are very influenced by group norms.[37] By allowing donors to become visible to the public and increasing their identifiability, other individuals will be more inclined to give as they conform to the social norms around them.[33] Using peer effects has been shown to increase donations.[38] Finally, timing is important. Many studies have demonstrated that there are specific times when individuals are more likely to give,[39] for example during holidays. This motherfucker designed the way political campaigns grift plebs for money now! quote:Beginning in the 1960s, Eugene Fama and several collaborators demonstrated that stock prices are extremely difficult to predict in the short run, and that new information is very quickly incorporated into prices. These findings not only had a profound impact on subsequent research but also changed market practice. The emergence of so-called index funds in stock markets all over the world is a prominent example. We should eliminate financial regulation and leverage restrictions because that makes asset prices bad and wrong. My model says so, and models are never wrong! quote:Human capital is the stock of habits, knowledge, social and personality attributes (including creativity) embodied in the ability to perform labour so as to produce economic value.[1] It's literally Human Capital Theory.
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Mar 15, 2021 04:58
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withak posted:They did bring us the New Austrian Tunneling Method though. The world told Austria “keep digging” and they did.
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Mar 15, 2021 05:01
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A Bakers Cousin posted:https://twitter.com/SamMillman/status/1370949095867568128?s=19 Now that’s some fuckin cyberpunk dystopia right there.
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Mar 15, 2021 05:02
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It would only be appropriate if an airship ran aground on a structure called “The Reef”.
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Mar 15, 2021 05:12
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whats the light for? nuisance?
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Mar 15, 2021 06:28
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Companies can invest in human capital by maintaining minimum air volumes per worker in enclosed spaces and optimizing calorie availability to their work forces.
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Mar 15, 2021 06:30
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Real hurthling! posted:whats the light for? nuisance? advertising lol
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Mar 15, 2021 06:48
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profitable nuisance.
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Mar 15, 2021 06:55
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one thing I like about Alaska: billboards are illegal.
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Mar 15, 2021 12:45
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| # ? May 27, 2024 17:58 |
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V. Illych L. posted:the austrians are, through hayek, foundational to the neoliberal revolution lol Even Hayek was literally an Austrian economist that has a libertarian bent, isn’t really an “Austrian economist”, he was okay with things like a 40 hour work week, welfare, and taxes. Actual Austrians by definition got into really weird poo poo like explicit anti-empiricism which he didn’t. He was basically compared to most libertarians just a relatively moderate free market that realized you need some sort of social democracy structure for it to not come crumbling down. I think in his case growing up between Hitler and Stalin and having to flee Europe kinda broke his brain on any policy was called socialism.
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Mar 15, 2021 12:55
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