2011-07-13, 03:54 | Link #11462 | |
NYAAAAHAAANNNNN~
Join Date: Nov 2007
Age: 35
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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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2011-07-13, 04:46 | Link #11463 | |
books-eater youkai
Join Date: Dec 2007
Location: Betweem wisdom and insanity
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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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2011-07-13, 06:40 | Link #11464 |
Disabled By Request
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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. |
2011-07-14, 04:13 | Link #11467 |
Juanita/Kiteless
Join Date: Apr 2006
Location: New England
Age: 40
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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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2011-07-14, 09:53 | Link #11469 |
its Ghost Madoka time!!!
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from the Steins;Gate threads, ITS SO COOOOOL!!!
http://youtu.be/
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2011-07-14, 15:24 | Link #11472 | |
~Official Slacker~
Author
Join Date: Aug 2010
Location: Xanadu
Age: 29
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2011-07-14, 22:19 | Link #11475 |
Mizore-chan
Join Date: Jun 2006
Location: Moe Land
Age: 43
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2011-07-14, 22:31 | Link #11477 | |
NEW WORLD BABY~!
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.... actually, it WAS playing Tik Tok for that episode's opening~
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