Also pleading ignorance, as I am a biochemist and a moon is a couple of magnitudes away from the scale of things I am used to deal with - from basic physics, though, I don't see how facing/not facing the earth would make a geological difference. Why it should come from another moon impacting there and not from a collision with any old asteroid seems a bit far fetched for me.
Dr Miller apparently never did any serious cooking. Are you aware how much task-switching and parallel monitoring is involved in preparing a multi-course meal alone for a couple of guys? No delusions involved, as you would taste the results of someone only believing he can handle the parallel task load...
A state, however, is not a corporation, so what applies to AIG does not necessarily apply to the US. I do agree that the economy is shit, but I don't see what the price increase in commodities has to do with that - that's not a function of government debt, not even a sign of universal inflation, but rather driven by the oil price at large. That's where the fun starts, because it ain't gonna get any cheaper. Production has stagnated for years and will go into terminal decline soon. Government debt is peanuts compared to the real problem.
And I'd rather have it not overrun by slashdotters, since the signal to noise ration on TOD is excellent so far. I'd very much prefer it to stay that way;)
Agreed. That is basically my point - defaults being voluntary. Bringing up the debt/deficit ratio was meant to convey the notion that at some point of this curve, the voluntary default might become viable. Bringing the default on by obstruction is plain irrational, brought up by the deep wish of sheer destruction of the government.
Ahh, my old libertarian friend, you are getting desperate in your grasping for straws to defend your untenable pseudo-philosophy. It does not become you.
Pray that it isn't pinned to the ground by the evil forces of gubbermint oppression, lest you never get to pry it free. Perhaps it sunk because it got enslaved by the highway system? Them highways, they are everywhere, you know...
True, but other countries haven't seen an issue buying it until the teabaggers threatened to fuck it up by massive obstruction tactics. There were no fundamental indicators that would have necessarily lead to a downrating before that theatre act.
You might have noticed the odd war going on lately? Not like I endorse those, but they are happening. At the arse end of the world, with no trustworthy allies around the theater, and therefore logistics chains from hell. All that while spending an insane amount on defense apart from that wars - for whatever reason. The point still stands, though - the US will not crash from that debt as such. Not saying that it is good to have it, but the only risk of crashing came from political grandstanding of a couple of self-obsessed arseholes with the only goal being destruction.
Do we need to carry on that "risk of default"-bullshit? The US never were in any economical risk of default, given their top credit rating. Debt/GDP ratio has been worse in history and is worse in countries working just fine right now. The only risk ever was from the obstruction tactics of the tea party - and even if they kept it up, it would not have lead to a default in the strict sense. It might still lead to a downgrading of credit rating, as they amply demonstrated that a significantly influential group of the US political system can't be expected to act as adults these days - which scares off potential sources of credit.
With little gems on his blog page like "But I tried to cook Americium, Radium and Beryllium in 96% sulphuric-acid, to easier get them blended.", accompanied by photos of goop spilled all over his kitchen stove, I kinda agree with the authorities here....
Re:Could Someone Help Me Out With This?
on
Debt Deal Reached
·
· Score: 1
Now that's the whole problem with the Laffer curve argument, isn't it? Everyone is discussing the trivial cases of 0% and 100%, while no one has a real clue how the curve actually is supposed to look in between. And, as you say, that look is probably highly dynamic and bound to change.
The thing that most strongly makes me trust Keynes is the fact that he is no straight up economist, having focused his studies on mathematics and philosophy. Same with Schumpeter - a political scientist and legal scholar before economist. That's probably the determining fact why their works are so enjoyable to read, too - both are broadly educated and wise beyond the field the finally chose to focus upon. As for the GP's claim of Keynsians never predicting any major even - sure, yeah, Schumpeter only predicted the Weimar hyperinflation before the signing of the Versailles treaty. He actually withdrew with disgust from the negotiations, if I recall the anecdote correctly. The GP's lack of perspective burns...
To be honest, I don't think that is the explicit goal of those pulling the strings - it is just a side effect. The goal appears to be to extract as much wealth as possible from the whole society, before everything comes crashing down. Then, the flood. But they believe they can sit out the crash in their gated compounds. We'll see, we'll see.....
And here goes the last shred of your credibility. You are a DDT nutter. Wow. Those are still around? You are aware that Malaria prevention is the remaining allowed use of DDT? You are aware that indiscriminate use of DDT would breed resistance? Well, I guess you are, but because the hippies, "activists" and the evil gubbermint are behind it, it OUGHT NOT BE! You are a libertarian, a paragon of freedom, and as a free man, you got the goddamn right to MAKE YOUR OWN REALITY! Sticking to facts is oppression!
Regarding the GP, I think it is simply pointless to discuss rationally with anyone as soon as he uses "Al Gore" as an argument. At this point, you know that you are fucked, that you never can break their ideological barriers with rational argument. So far, this criterion has worked out every time for me.
WHARRGARBL! AL GORE! HIPPIES! DEMOCRATS! WHARRGARBL!
That's what it boils down to, isn't it? You dislike the political consequences some people draw from a frankly undisputable fact, and, therefore, the fact has to be wrong. And then you dare accuse the other side of unscientific behavior, and for the icing on the top of "ruining western countries." You are the one putting politics over facts, you are the raving mad ideologue.
And guess why I being me, a scientist by education, don't give a flying fuck about your Al Gore propaganda? What is it with you guys? Did he scare you when you were young? Touch you inappropriately? Over here, we discuss science, not propaganda crap like that. Much to learn you have, young denialist.
Well, it is a (temporarily) highly successful strategy, so I guess they keep their experts. All this propaganda is in the end not about changing public opinion for good, but rather about staving off the inevitable. So the proven experts at this pop up over and over again. The scary part is that the recipients don't learn at all.
I'd gladly leave you libertarians alone - somewhere where you only can fuck up your own life without dragging down everyone else. But for some reason, you won't move to Somalia. Besides, enjoy the heat and dust in the southwest. It's a sign of more to come, consistent with all models. Fun with the warmer climate.
Slashdot Mirror
Also pleading ignorance, as I am a biochemist and a moon is a couple of magnitudes away from the scale of things I am used to deal with - from basic physics, though, I don't see how facing/not facing the earth would make a geological difference. Why it should come from another moon impacting there and not from a collision with any old asteroid seems a bit far fetched for me.
Dr Miller apparently never did any serious cooking. Are you aware how much task-switching and parallel monitoring is involved in preparing a multi-course meal alone for a couple of guys? No delusions involved, as you would taste the results of someone only believing he can handle the parallel task load...
A state, however, is not a corporation, so what applies to AIG does not necessarily apply to the US. I do agree that the economy is shit, but I don't see what the price increase in commodities has to do with that - that's not a function of government debt, not even a sign of universal inflation, but rather driven by the oil price at large. That's where the fun starts, because it ain't gonna get any cheaper. Production has stagnated for years and will go into terminal decline soon. Government debt is peanuts compared to the real problem.
And I'd rather have it not overrun by slashdotters, since the signal to noise ration on TOD is excellent so far. I'd very much prefer it to stay that way ;)
Ahh, I deeply appreciate your suffering. Galt gulch is a cold place at times, isn't it?
Around here, we call it "truth". Shame you got no modpoints to suppress it, no?
Agreed. That is basically my point - defaults being voluntary. Bringing up the debt/deficit ratio was meant to convey the notion that at some point of this curve, the voluntary default might become viable. Bringing the default on by obstruction is plain irrational, brought up by the deep wish of sheer destruction of the government.
Ahh, my old libertarian friend, you are getting desperate in your grasping for straws to defend your untenable pseudo-philosophy. It does not become you.
Pray that it isn't pinned to the ground by the evil forces of gubbermint oppression, lest you never get to pry it free. Perhaps it sunk because it got enslaved by the highway system? Them highways, they are everywhere, you know...
True, but other countries haven't seen an issue buying it until the teabaggers threatened to fuck it up by massive obstruction tactics. There were no fundamental indicators that would have necessarily lead to a downrating before that theatre act.
You might have noticed the odd war going on lately? Not like I endorse those, but they are happening. At the arse end of the world, with no trustworthy allies around the theater, and therefore logistics chains from hell. All that while spending an insane amount on defense apart from that wars - for whatever reason. The point still stands, though - the US will not crash from that debt as such. Not saying that it is good to have it, but the only risk of crashing came from political grandstanding of a couple of self-obsessed arseholes with the only goal being destruction.
Do we need to carry on that "risk of default"-bullshit? The US never were in any economical risk of default, given their top credit rating. Debt/GDP ratio has been worse in history and is worse in countries working just fine right now. The only risk ever was from the obstruction tactics of the tea party - and even if they kept it up, it would not have lead to a default in the strict sense. It might still lead to a downgrading of credit rating, as they amply demonstrated that a significantly influential group of the US political system can't be expected to act as adults these days - which scares off potential sources of credit.
With little gems on his blog page like "But I tried to cook Americium, Radium and Beryllium in 96% sulphuric-acid, to easier get them blended.", accompanied by photos of goop spilled all over his kitchen stove, I kinda agree with the authorities here....
Now that's the whole problem with the Laffer curve argument, isn't it? Everyone is discussing the trivial cases of 0% and 100%, while no one has a real clue how the curve actually is supposed to look in between. And, as you say, that look is probably highly dynamic and bound to change.
The thing that most strongly makes me trust Keynes is the fact that he is no straight up economist, having focused his studies on mathematics and philosophy. Same with Schumpeter - a political scientist and legal scholar before economist. That's probably the determining fact why their works are so enjoyable to read, too - both are broadly educated and wise beyond the field the finally chose to focus upon. As for the GP's claim of Keynsians never predicting any major even - sure, yeah, Schumpeter only predicted the Weimar hyperinflation before the signing of the Versailles treaty. He actually withdrew with disgust from the negotiations, if I recall the anecdote correctly. The GP's lack of perspective burns...
To be honest, I don't think that is the explicit goal of those pulling the strings - it is just a side effect. The goal appears to be to extract as much wealth as possible from the whole society, before everything comes crashing down. Then, the flood. But they believe they can sit out the crash in their gated compounds. We'll see, we'll see.....
And here goes the last shred of your credibility. You are a DDT nutter. Wow. Those are still around? You are aware that Malaria prevention is the remaining allowed use of DDT? You are aware that indiscriminate use of DDT would breed resistance? Well, I guess you are, but because the hippies, "activists" and the evil gubbermint are behind it, it OUGHT NOT BE! You are a libertarian, a paragon of freedom, and as a free man, you got the goddamn right to MAKE YOUR OWN REALITY! Sticking to facts is oppression!
Regarding the GP, I think it is simply pointless to discuss rationally with anyone as soon as he uses "Al Gore" as an argument. At this point, you know that you are fucked, that you never can break their ideological barriers with rational argument. So far, this criterion has worked out every time for me.
That's what it boils down to, isn't it? You dislike the political consequences some people draw from a frankly undisputable fact, and, therefore, the fact has to be wrong. And then you dare accuse the other side of unscientific behavior, and for the icing on the top of "ruining western countries." You are the one putting politics over facts, you are the raving mad ideologue.
And guess why I being me, a scientist by education, don't give a flying fuck about your Al Gore propaganda? What is it with you guys? Did he scare you when you were young? Touch you inappropriately? Over here, we discuss science, not propaganda crap like that. Much to learn you have, young denialist.
Well, it is a (temporarily) highly successful strategy, so I guess they keep their experts. All this propaganda is in the end not about changing public opinion for good, but rather about staving off the inevitable. So the proven experts at this pop up over and over again. The scary part is that the recipients don't learn at all.
No offense, but are you really surprised by that?
You guys crack me up.
Of course. We all are. I only wonder why I never got a payout from Al Gore for my participation....
I'd gladly leave you libertarians alone - somewhere where you only can fuck up your own life without dragging down everyone else. But for some reason, you won't move to Somalia. Besides, enjoy the heat and dust in the southwest. It's a sign of more to come, consistent with all models. Fun with the warmer climate.