Your assertion that monetary policy is primarily responsible for the business cycle is false. I would also note that supposition stating that Laissez Faire approaches can actually work, are either convenient lies or stupidity as result of propaganda - depending on who you ask.
I read the book. It is unrelated to analysis of macroeconomic aggregates and indicators, and fails to introduce any new theory in its applicable field.
IMO, his individual in the crowd assertion is a good start, but fails to describe sufficiently in the economic system,
a) bounded rationality and imperfect information: * the individual is only one unit in the game * the individual is most likely not aware of or does not understand many macro-economic factors * the individual may not care, as the individuals goals have nothing to do with macroeconomic stability * the individuals goals may be parallel with good business practices and investment, but are not always. The individual unit exists in the game to profit. * macro or even micro economic factors may be too complex to understand without detailed analysis and information consumption
b) a so called "herd" effect can be explained by: * imperfect individual information when investing * the goals of the individual or investment company to profit not parellel with business reality, and therefore only being a conduit to perceived profit instead of business investment * the role of the media in stirring up fear and uncertainty, or conveying relative good times. This can effect the air in the investment community. * human uncertainty and emotion with other players in the game can create "irrational" behavior given a complete perspective that the individual doesn't have -- and even if the individual does have complete perspective, there is risk at hand, which may magnify small uncertainty * groups of individual units acting to personal rational behavior may create a situation where, for example, stock r attracts N individuals looking to profit, and stirring up hype and interest may be conductive to that cause. It just might not be conductive to future growth and earnings in stock r.
c) new industry and future predictions: * if the guessers, media and visible players state that that technology/stock group x will be the next big thing, then many will come and invest. Why? Imperfect information, the air created by media and big players being conductive to profit and growth, * the individual units are most likely above all interested in personal profit. This rational behavior may not coincide with macro health. * the individual does not know what other units are thinking, and may therefore think that, for example, that shorting stock {a,b,c,d,e and f), even though we may or may not know anything about it, or even know the business model is riddled with uncertainty, but not care, because of short sighted individual interest..
This is very simplistic, of course. To actually understand in detail, one would have to isolate all major players, their goals and statistical behavior, and apply said model from findings to various cases. IMO, there is no question of a herd effect, as repetition of uncertainty in the mass media and then drops in prices will create fear. The individual unit is actually acting rationally - its just that uncertainty, as in bounded rationality through imperfect information in self and others creates the environment.
A recent example is the Microsoft anti-trust hoopla:
Anti-trust make findings. Mass media reports across the board that it will have no effect on Microsoft. Therefore there is a rally in the stock, and uncertainty is held at bay.
Or, for example, Redhat or VA Linux:
There is sufficient hype and newness in linux and open source; people jump in, either guessing it will be the next best thing, or just looking to profit from one of the new gigantic IPO's, inter-related with the air over the 6 months prior that tech stocks are the next great thing - which creates a flood of buys and a completely inflated stock price. Whether most believe the hype or not, this is what happens. It's actually possible that none of them do -- they may just want to make a quick buck. It's simple really.
Another example:
It's not like people are thinking of macro-economic effects such as inflation and their money possibly being worth less when spending all their money and filling all their credit cards, possibly creating a situation where there is more demand than supply in certain markets, resulting in rising prices...
Oh, you don't want to see the main perl script. If I recall correctly, they call it "the beast" or something like that. Even then, most of the time the perl script should still be waiting for the SQL server.
It's slow right now. Look how long it takes to load even a comment page or enter a comment. As for it not responding to ping when it is down, that has not been the case for me. That of course is completely unrelated to mysql, as we would most likely just get errors from the web browser if it was mysql.
There is no question that it is slow. I have parts of a page loading and then I have to wait for whatever is coming out of the database to get the rest.
Re:Experience with MySQL with Ciritcal Role
on
Why Not MySQL?
·
· Score: 1
Slashdot is slow and goes down often. The slowdowns is most likely due to MySQL being deficient in its function on this site. Use slashdot at predictable times where there will be high traffic, like lunch times in eastern and pacific times zones and you will find that it is an underperforming web site.
Any other site on this ISP (dn.net) is always incredibly fast - at least, for me.
Re:How about combining them?
on
Why Not MySQL?
·
· Score: 1
Since they are both proprietary products, the likelihood of that happening is nill.
Why do you mention Oracle? They use PostgreSQL. If I'm reading their page correctly, they hope to support more RDBMS' soon. "The same stances are taken against perl and apache, and for AOLServer and TCL" There is an apache module for running ACS on apache now. Despite this, AOLServer and their version of TCL are technically superior to mod_perl and variants. Your cult rhetoric is hyperbole, although the hegemony that is the relationship between the two companies is apparent. This of course has no relation to the linked article at hand, which is completely valid, especially when considering it was made to tell all the MySQL kiddies to bugger off and stop asking for OpenACS on their pseudo relational database management system.
Re:Strawmen are easy to knock over
on
Why Not MySQL?
·
· Score: 1
You are separating the original intent of the article which is subject to the purpose of the web site of the project from which the article is hosted.
Slashdot Mirror
Yes, but I think he is drawing this conclusion in connection with all the money flowing into that market.
Not to mention flaws in CPI and the GDP deflator.
Your assertion that monetary policy is primarily responsible for the business cycle is false. I would also note that supposition stating that Laissez Faire approaches can actually work, are either convenient lies or stupidity as result of propaganda - depending on who you ask.
I read the book. It is unrelated to analysis of macroeconomic aggregates and indicators, and fails to introduce any new theory in its applicable field.
IMO, his individual in the crowd assertion is a good start, but fails to describe sufficiently in the economic system,
a) bounded rationality and imperfect information:
* the individual is only one unit in the game
* the individual is most likely not aware of or does not understand many macro-economic factors
* the individual may not care, as the individuals goals have nothing to do with macroeconomic stability
* the individuals goals may be parallel with good business practices and investment, but are not always. The individual unit exists in the game to profit.
* macro or even micro economic factors may be too complex to understand without detailed analysis and information consumption
b) a so called "herd" effect can be explained by:
* imperfect individual information when investing
* the goals of the individual or investment company to profit not parellel with business reality, and therefore only being a conduit to perceived profit instead of business investment
* the role of the media in stirring up fear and uncertainty, or conveying relative good times. This can effect the air in the investment community.
* human uncertainty and emotion with other players in the game can create "irrational" behavior given a complete perspective that the individual doesn't have -- and even if the individual does have complete perspective, there is risk at hand, which may magnify small uncertainty
* groups of individual units acting to personal rational behavior may create a situation where, for example, stock r attracts N individuals looking to profit, and stirring up hype and interest may be conductive to that cause. It just might not be conductive to future growth and earnings in stock r.
c) new industry and future predictions:
* if the guessers, media and visible players state that that technology/stock group x will be the next big thing, then many will come and invest. Why? Imperfect information, the air created by media and big players being conductive to profit and growth,
* the individual units are most likely above all interested in personal profit. This rational behavior may not coincide with macro health.
* the individual does not know what other units are thinking, and may therefore think that, for example, that shorting stock {a,b,c,d,e and f), even though we may or may not know anything about it, or even know the business model is riddled with uncertainty, but not care, because of short sighted individual interest..
This is very simplistic, of course. To actually understand in detail, one would have to isolate all major players, their goals and statistical behavior, and apply said model from findings to various cases. IMO, there is no question of a herd effect, as repetition of uncertainty in the mass media and then drops in prices will create fear. The individual unit is actually acting rationally - its just that uncertainty, as in bounded rationality through imperfect information in self and others creates the environment.
A recent example is the Microsoft anti-trust hoopla:
Anti-trust make findings. Mass media reports across the board that it will have no effect on Microsoft. Therefore there is a rally in the stock, and uncertainty is held at bay.
Or, for example, Redhat or VA Linux:
There is sufficient hype and newness in linux and open source; people jump in, either guessing it will be the next best thing, or just looking to profit from one of the new gigantic IPO's, inter-related with the air over the 6 months prior that tech stocks are the next great thing - which creates a flood of buys and a completely inflated stock price. Whether most believe the hype or not, this is what happens. It's actually possible that none of them do -- they may just want to make a quick buck. It's simple really.
Another example:
It's not like people are thinking of macro-economic effects such as inflation and their money possibly being worth less when spending all their money and filling all their credit cards, possibly creating a situation where there is more demand than supply in certain markets, resulting in rising prices...
Or conversely the opposite in savings..
There is plenty of evidence:
- DOJ case and findings
- halloween documents
- the palm e-mail
You can come back and cry liar or idiot when you, yourself can assert your reasonable opinion and data.
You are obviously not aware of the economic definition of the term 'monopoly'.
funny
Oh, you don't want to see the main perl script. If I recall correctly, they call it "the beast" or something like that. Even then, most of the time the perl script should still be waiting for the SQL server.
CGI bash shell scripts. Hands down.
I run a site with 10 trillion requests per day with ncsa httpd and a 386 dx 40.
Outer joins are coming soon. They are on the urgent to implement enhancement list.
"It seems the only DB out there to fully comply with SQL92 is Oracle"
Interbase 6 has a pretty good level of compliance.
7 is faster than 6.5.3
It's slow right now. Look how long it takes to load even a comment page or enter a comment. As for it not responding to ping when it is down, that has not been the case for me. That of course is completely unrelated to mysql, as we would most likely just get errors from the web browser if it was mysql.
There is no question that it is slow. I have parts of a page loading and then I have to wait for whatever is coming out of the database to get the rest.
hello
this is false
You can get version 7 now. It's still in beta, but runs fine. I have been using it for weeks at moderate load. Therefore it doesn't lack foreign keys.
try 7.0, it's much more stable than 6.5.x
Slashdot is slow and goes down often. The slowdowns is most likely due to MySQL being deficient in its function on this site. Use slashdot at predictable times where there will be high traffic, like lunch times in eastern and pacific times zones and you will find that it is an underperforming web site.
Any other site on this ISP (dn.net) is always incredibly fast - at least, for me.
Since they are both proprietary products, the likelihood of that happening is nill.
postgresql is free and an RDBMS, although it does not pass the ACID test
Interbase 6 is free and soon to be open source and is an RDBMS
Why do you mention Oracle? They use PostgreSQL. If I'm reading their page correctly, they hope to support more RDBMS' soon. "The same stances are taken against perl and apache, and for AOLServer and TCL" There is an apache module for running ACS on apache now. Despite this, AOLServer and their version of TCL are technically superior to mod_perl and variants. Your cult rhetoric is hyperbole, although the hegemony that is the relationship between the two companies is apparent. This of course has no relation to the linked article at hand, which is completely valid, especially when considering it was made to tell all the MySQL kiddies to bugger off and stop asking for OpenACS on their pseudo relational database management system.
You are separating the original intent of the article which is subject to the purpose of the web site of the project from which the article is hosted.