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Old 10-09-2018, 07:36 PM
 
7,312 posts, read 8,149,428 times
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Quote:
Originally Posted by charlygal View Post
Are you kidding or are you downplaying ignorance? How could integrating technology into economic analysis be a scam?
Bingo.
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Old 10-09-2018, 07:39 PM
 
Location: Paranoid State
12,712 posts, read 9,472,640 times
Reputation: 15000
Quote:
Originally Posted by EDS_ View Post
Although after Romer I froze my butt off at Booth as well.
It was especially chilly when I went. But back then it was UCGSB.
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Old 10-10-2018, 06:25 AM
 
Location: Central IL
13,474 posts, read 7,181,256 times
Reputation: 31277
Quote:
Originally Posted by Jobster View Post
WTF does this even mean?

"Romer, a former chief economist of the World Bank, received the prize 'for integrating technological innovations into long-run macroeconomic analysis,' the Nobel committee said."

Sounds like a scam.
No, it sounds like someone having to describe a very complicated thing to an audience who wouldn't have a clue what it was so they had to make something general up.

Why do people with less knowledge assume everything they don't understand is a scam?
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Old 10-10-2018, 06:52 AM
Status: "So let us not talk falsely now, the hour is getting late." (set 12 days ago)
 
3,274 posts, read 1,478,808 times
Reputation: 6382
Quote:
Originally Posted by reneeh63 View Post
No, it sounds like someone having to describe a very complicated thing to an audience who wouldn't have a clue what it was so they had to make something general up.

Why do people with less knowledge assume everything they don't understand is a scam?
An effort to bring a little joy to the world
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Old 10-10-2018, 08:19 AM
 
3,189 posts, read 1,283,036 times
Reputation: 2351
Quote:
Originally Posted by reneeh63 View Post
No, it sounds like someone having to describe a very complicated thing to an audience who wouldn't have a clue what it was so they had to make something general up.

Why do people with less knowledge assume everything they don't understand is a scam?
Why do you assume that I don't understand this? Honestly, I don't care. I read an article and what he said was obvious, but there was nothing about this person that peaked my interest in such a way that could benefit me financially.

Why don't you accept this thread for what it really is?
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Old 10-10-2018, 10:59 AM
 
Location: Brawndo-Thirst-Mutilator-Nation
15,282 posts, read 15,266,256 times
Reputation: 11013
I passed old a long time ago, now I look in the mirror and see a living-zombie.
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Old 10-11-2018, 12:18 AM
 
7,312 posts, read 8,149,428 times
Reputation: 5406
Quote:
Originally Posted by Jobster View Post
Why do you assume that I don't understand this? Honestly, I don't care. I read an article and what he said was obvious, but there was nothing about this person that peaked my interest in such a way that could benefit me financially.

Why don't you accept this thread for what it really is?
Did you read Romer or an article about him? Nothing Romer writes about is obvious. The guy is at low level war with many of his peers - he's a disruptive force in econ.
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Old 10-11-2018, 03:16 AM
 
Location: Prepperland
13,149 posts, read 9,227,223 times
Reputation: 9022
Economics "Science" uses a variable as a unit of measure (paper currency) and apologizes for usury, which is mathematically unsustainable in a finite money token system. (Don't believe me - do the math on the exponential equation for calculating compound interest)

As to other features of "money madness" I will demur.

Suffice to say, the "free World" is hostage to an insane system.

IMHO, only producers / laborers should have power to create the mediums of exchange with which to trade for that which they can do, produce or have.
Letting governments (consuming parasites) or bankers (more consuming predatory parasites) issue "money" is a recipe for disaster.

Come to think of it, the USCON did NOT grant Congress any power to create money. Art. 1, Sec. 8 states that Congress can COIN money (stamp bullion) or BORROW money. If Congress ever had the power to create money, why would it need power to borrow it?


Ask an eCONomist to explain it to you. But don't ask two in the same room. That will only spark a fight.
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Old 10-11-2018, 07:36 PM
 
4,797 posts, read 2,283,571 times
Reputation: 8912
Quote:
Originally Posted by jetgraphics View Post
Economics "Science" uses a variable as a unit of measure (paper currency)
Congrats, you managed to say something false within the first ten words of your post.
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Old 10-11-2018, 09:15 PM
 
7,312 posts, read 8,149,428 times
Reputation: 5406
Quote:
Originally Posted by jetgraphics View Post
Economics "Science" uses a variable as a unit of measure (paper currency) and apologizes for usury, which is mathematically unsustainable in a finite money token system. (Don't believe me - do the math on the exponential equation for calculating compound interest)

As to other features of "money madness" I will demur.

Suffice to say, the "free World" is hostage to an insane system.

IMHO, only producers / laborers should have power to create the mediums of exchange with which to trade for that which they can do, produce or have.
Letting governments (consuming parasites) or bankers (more consuming predatory parasites) issue "money" is a recipe for disaster.

Come to think of it, the USCON did NOT grant Congress any power to create money. Art. 1, Sec. 8 states that Congress can COIN money (stamp bullion) or BORROW money. If Congress ever had the power to create money, why would it need power to borrow it?


Ask an eCONomist to explain it to you. But don't ask two in the same room. That will only spark a fight.

Dude. This insane system is the best devised and implemented by man EVER.
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