This thread exemplifies what's wrong with the workplace: one poster advises people to lie to get a job, another asserts that groupthink trumps the advantages of telecommuting.
It seems that most workplaces are toxic environments, rife with moral hazards and perverse incentives. The goal is not to innovate, but to fit in, and please a greedy little Napoleon boss.
The best solution is to create a Basic Income guarantee. Then people can choose to innovate on their own on what they really want to be working on, instead of letting some rich guy order them around.
There's no shortage of money. The only scarcity is the lack of political will to fund basic social services and science. There is no economic or physical necessity preventing us from funding food stamps, science research, health care, a basic income.
No one really knows what happened to the South American Indians. You tell a story that fits with your ideology. But the North American Indians, when the first white men arrived, were well-fed and lived in a land that had abundant resources, which were as abundant as when they arrived. They didn't need gold, for example.
Swiss citizens will soon vote on a proposal to provide a basic income for all adults of $2,800 per month. The measure was introduced by grassroots activists from the Basic Income Initiative, who collected 100,000 signatures needed for a referendum.
Note that Enno Schmidt, the cofounder of the Basic Income Initiative, doesn't think the executive-compensation-limiting initiative is a good idea. Instead of capping the top, just guarantee the safety net. It's an idea that goes back at least to US Founding Father Thomas Paine in 1795's Agrarian Justice:
In taking the matter upon this ground, the first principle of civilization ought to have been, and ought still to be, that the condition of every person born into the world, after a state of civilization commences, ought not to be worse than if he had been born before that period.
"a pricing mechanism to judge whether various stages of production are efficient or not."
Even Fischer Black realized that prices are set by dealers in modern economies, and are pushed away from efficient levels by those dealers. From Perry Mehrling's Lecture 22 Notes for his Economics of Money and Banking, Part 2 MOOC:
On Monday, December 30, 1985, Fischer gave the presidential address to the American Finance Association which was meeting in New York, and stunned his audience with the following words:
“We might define an efficient market as one in which price is within a factor of 2 of value; i.e. the price is more than half of value and less than twice value. By this definition, I think almost all markets are efficient almost all of the time. ‘Almost all’ means at least 90 percent.”
A factor of 2 means, for example, that if the "real value" of oil is $100/barrel, the price set by dealers could be in the range $50/barrel to $200/barrel. That's a wide margin of error. Dealers profit from pushing the price away from the efficient level.
Basically, Japan (like Reagan) has proved that deficits don't matter, and a high debt-to-gdp ratio is sustainable. They should increase their debt and use it to increase their safety net.
Seems like Palin's making a lot of money saying that. The economic fact is that the Fed creates money to buy govt bonds, and returns the interest to the Treasury. So govt borrowing costs are essentially zero. Like banks, you keep the loans rolling over. (The Fed holds more Treasury bills than China and Japan put together.)
Why don't economists who say these are too high (and have been wrongly predicting Japan's imminent collapse for decades) mention that banks are regularly leveraged at 30 to 1, which is equivalent to a debt-to-income level of 3000%?
Taxes aren't necessary to fund the government. Buy government bonds instead, they pay you interest. The Fed can buy the bonds from you and pay you the interest upfront.
Reagan proved deficits don't matter. The Fed just expands its balance sheet to buy govt bonds, taxes aren't even necessary. Then govt uses fiscal policy to subsidize wages so there's no wage-price spiral inflation. Electric car companies produce cars with a low payroll liability, and govt further subsidizes the cost for the consumer because it's a good idea and helps society. Everybody wins.
More government stimulus, in the form of direct payments to people, like Bush did. Make it a permanent basic income. There is no production capacity problem, only a demand problem.
Taxes are unnecessary. Fund the govt with Treasury bills. Imagine: instead of paying taxes, you have a free choice to buy t-bills that pay you interest.
Also, how come your taxes argument isn't used against the big corporations that get money from the govt? "Hey, I got money for creating toxic assets!"
It's funny how the guy first says "certificates are worthless" then gets mad because he's asked to do something he doesn't want to do to get the worthless reward. What does he lose by not doing the survey?
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This thread exemplifies what's wrong with the workplace: one poster advises people to lie to get a job, another asserts that groupthink trumps the advantages of telecommuting.
It seems that most workplaces are toxic environments, rife with moral hazards and perverse incentives. The goal is not to innovate, but to fit in, and please a greedy little Napoleon boss.
The best solution is to create a Basic Income guarantee. Then people can choose to innovate on their own on what they really want to be working on, instead of letting some rich guy order them around.
Signed.
Even if you reduce it by an order of magnitude, that's still $60 trillion. And estimates of the shadow banking system are $100 trillion.
There's no shortage of money. The only scarcity is the lack of political will to fund basic social services and science. There is no economic or physical necessity preventing us from funding food stamps, science research, health care, a basic income.
No, create more. Let the Fed fund the govt by buying T-bills. Since the Fed returns the interest to the Treasury, the borrowing cost is zero.
Give Republicans low (or no) taxes, but in return have them eliminate the debt ceiling laws.
There's no shortage of money. From http://www.bis.org/publ/otc_hy1311.pdf :
In the face of so much global liquidity, it's ridiculous to say there's not enough money for food stamps, or science, or free health care.
Yes, the real issue here is, why are drugs illegal?
No one really knows what happened to the South American Indians. You tell a story that fits with your ideology. But the North American Indians, when the first white men arrived, were well-fed and lived in a land that had abundant resources, which were as abundant as when they arrived. They didn't need gold, for example.
Better idea: the Swiss Basic Income Initiative.
Note that Enno Schmidt, the cofounder of the Basic Income Initiative, doesn't think the executive-compensation-limiting initiative is a good idea. Instead of capping the top, just guarantee the safety net. It's an idea that goes back at least to US Founding Father Thomas Paine in 1795's Agrarian Justice:
"a pricing mechanism to judge whether various stages of production are efficient or not."
Even Fischer Black realized that prices are set by dealers in modern economies, and are pushed away from efficient levels by those dealers. From Perry Mehrling's Lecture 22 Notes for his Economics of Money and Banking, Part 2 MOOC:
A factor of 2 means, for example, that if the "real value" of oil is $100/barrel, the price set by dealers could be in the range $50/barrel to $200/barrel. That's a wide margin of error. Dealers profit from pushing the price away from the efficient level.
I don't think stagflation means what you think it means. Japan has had deflation and low interest rates, and an unemployment rate that has never reached 6%.
Japan also holds over $1 trillion of US debt.
Basically, Japan (like Reagan) has proved that deficits don't matter, and a high debt-to-gdp ratio is sustainable. They should increase their debt and use it to increase their safety net.
... will 3D print them?
Seems like Palin's making a lot of money saying that. The economic fact is that the Fed creates money to buy govt bonds, and returns the interest to the Treasury. So govt borrowing costs are essentially zero. Like banks, you keep the loans rolling over. (The Fed holds more Treasury bills than China and Japan put together.)
The idea that a government can only spend what it takes in in taxes is feudal, obsolete. Japan has a 230% debt-to-gdp ratio, China over 200% (source: http://www.reuters.com/article/2013/11/21/china-banks-shadow-idUSL4N0J426S20131121 ).
Why don't economists who say these are too high (and have been wrongly predicting Japan's imminent collapse for decades) mention that banks are regularly leveraged at 30 to 1, which is equivalent to a debt-to-income level of 3000%?
Taxes aren't necessary to fund the government. Buy government bonds instead, they pay you interest. The Fed can buy the bonds from you and pay you the interest upfront.
Reagan proved deficits don't matter. The Fed just expands its balance sheet to buy govt bonds, taxes aren't even necessary. Then govt uses fiscal policy to subsidize wages so there's no wage-price spiral inflation. Electric car companies produce cars with a low payroll liability, and govt further subsidizes the cost for the consumer because it's a good idea and helps society. Everybody wins.
More government stimulus, in the form of direct payments to people, like Bush did. Make it a permanent basic income. There is no production capacity problem, only a demand problem.
Govt should subsidize the cost.
American Indians were well-fed and left resources in the same abundant state as when they arrived.
https://maps.google.com/maps?q=http://toolserver.org/~para/cgi-bin/kmlexport%3Farticle%3DList_of_active_volcanoes_in_the_Philippines%26usecache%3D1
18 active volcanos in the Philippines...
Taxes are unnecessary. Fund the govt with Treasury bills. Imagine: instead of paying taxes, you have a free choice to buy t-bills that pay you interest.
Also, how come your taxes argument isn't used against the big corporations that get money from the govt? "Hey, I got money for creating toxic assets!"
Everyone knows Lara Logan is the most credible!
Wait, I thought prescribing antibiotics is killing children by breeding superrestistant bacterial strains
Which country did it affect again? England?
How much did you get paid to make this post?!?
Physics 101: dark energy is free.
It's funny how the guy first says "certificates are worthless" then gets mad because he's asked to do something he doesn't want to do to get the worthless reward. What does he lose by not doing the survey?