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Old 2011-07-13, 03:54   Link #11481
SaintessHeart
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Quote:
Originally Posted by ganbaru View Post
Too bad the little economy class thn I had in highschool wasn't that interesting; about half of my group fail it. And it was just the basic ...
Basic economics (read as "Economics taught in school") is completely guaranteed to be garbage. I am having one right now and it is claiming that there is deflation during a recession, savings is the cause of decreased investment and inflation, and if a stimulus doesn't work it is a natural error called liquidity trap.

When deflation happens only once during a recession (and that is a Great Depression as US is still considered a semi-open, self-sufficient economy then, see the other recessions, we have prices soaring like mad), increased investment is one of the cause of inflation (not decreased investment), and when a stimulus doesn't work it means that the banking regulation is broken.

It is called "diluted Keynesian Economics", whatever shit they taught in school. Read his "General Theory of Employment, Interest and Money", the concepts and ideas he covered are far more deeper than his Keynesian Cross and IS/LM graphs. The most crucial part of economics is Supply and Demand, yet most schools spend only a lesson or two on it.

Students fail the subject because it doesn't make any logical sense. The way most schools teach it is too theoretical with little or no case studies, or use Fox News reports skewed in their favour. Not much of a surprise since my school is using a textbook written by Bernanke himself. Then again, it could be due to this subject being taught in business schools : note that the word "business" comes before "school", thus they might be eyeing at your tuition fees rather than your potential education. *sarcastic*
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Old 2011-07-13, 04:46   Link #11482
ganbaru
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Quote:
Originally Posted by SaintessHeart View Post
Basic economics (read as "Economics taught in school") is completely guaranteed to be garbage. I am having one right now and it is claiming that there is deflation during a recession, savings is the cause of decreased investment and inflation, and if a stimulus doesn't work it is a natural error called liquidity trap.
It's still more advanced than the class I got: we only learned your first statement, never even mentioned stimulus or the impact of saving...

Most of my knowledge on economy come from that class and some of my reading, The weath of nation, General Theory of Employment, Interest and Money and maybe the books from Alvin and Heidi Toffler...so I have to say not much but still better than most of mhy past schoolmate
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Old 2011-07-13, 06:40   Link #11483
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What's interesting is that in my uni, both when I did Business Economics and Economic Forecasting (read: Econometrics, and I like what Hayek [LMAO at how Firefox said Hayek is not spelled correctly] said in the vid that econometricians' approach is a fatal conceit, something I learned too late down the line) is that Hayek wasn't ever mentioned in any of the syllabuses. It was all about Keynes. The reason is because his model is so simple and straight-forward when it was really constructed as a way to create hypotheses on how the economy works.

The best part is that these hypotheses are made to be correct based on statistical data that is by no means a true representation of common behavior due to the error term in the models, error terms that often go unnoticed in the grand scheme of things. They're made to be correct if alternative hypotheses are "proven" incorrect. Not to mention that the statistical data being considered is often too small to be accurate. A large part of me thinks Keynesian Economics was made purposefully for the rich to have a simple way to understand how to control the economy and the people that create it in truth.
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Old 2011-07-14, 01:42   Link #11484
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Special Call of Duty: Modern Warfare 3 preview!!!

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Old 2011-07-14, 03:13   Link #11485
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Still don't see why so many people hate this~

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Old 2011-07-14, 04:13   Link #11486
Urzu 7
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Originally Posted by SOGESNAKE View Post
Still don't see why so many people hate this~



What the?! How did that Simpson's opening sync so perfectly with that song? Did the animators do that on purpose?

Edit: Re-watched it. The animators had to make that opening with that song in mind.
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Old 2011-07-14, 09:51   Link #11487
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Spoiler for Joke:
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Old 2011-07-14, 09:53   Link #11488
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from the Steins;Gate threads, ITS SO COOOOOL!!!
http://youtu.be/
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Old 2011-07-14, 11:06   Link #11489
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Old 2011-07-14, 15:04   Link #11490
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Ft. Freddiew at 1:34
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Old 2011-07-14, 15:24   Link #11491
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Quote:
Originally Posted by DRAGUN H.E.X. View Post
from the Steins;Gate threads, ITS SO COOOOOL!!!
http://youtu.be/
This video wins everytime I watch it
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Old 2011-07-14, 17:28   Link #11492
Sumeragi
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The uploader said it all.... 兄さん最高!!!!!!!
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Old 2011-07-14, 17:48   Link #11493
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Old 2011-07-14, 22:19   Link #11494
kenjiharima
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Originally Posted by DRAGUN H.E.X. View Post
from the Steins;Gate threads, ITS SO COOOOOL!!!
http://youtu.be/

Speaking of that...

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Old 2011-07-14, 22:22   Link #11495
Ithekro
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Oddly, I like all the Nichijou clips that guy has up as well.
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Old 2011-07-14, 22:31   Link #11496
SOGESNAKE
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Quote:
Originally Posted by Urzu 7 View Post
What the?! How did that Simpson's opening sync so perfectly with that song? Did the animators do that on purpose?

Edit: Re-watched it. The animators had to make that opening with that song in mind.

.... actually, it WAS playing Tik Tok for that episode's opening~
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Old 2011-07-14, 22:33   Link #11497
Urzu 7
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Quote:
Originally Posted by SOGESNAKE View Post
.... actually, it WAS playing Tik Tok for that episode's opening~

Oh. Well, that makes a lot of sense. Ha.


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Old 2011-07-14, 22:46   Link #11498
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... I must play this game now.

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Old 2011-07-14, 23:05   Link #11499
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RIP Sean Bean.... Wait, what?!

Spoiler for WARNING: Contains spoilers & scenes of a violent nature:
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Old 2011-07-14, 23:39   Link #11500
exekute15
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