News for hackers. Stuff that matters.

realquick81

Sounding the Utilitarian alarm! Someone here hasn't done Philosophy 101. Here's the gist of it: utilitarianism is self-contradictory and by consequence self-defeating.
Keynes is the Jesus of leftist atheists.

They never question him, they don't want to know what others said about him and how those around perceived him, and most importantly, they don't want to actually study his teachings, only as presented by vicars (those speaking on behalf of Keynes).

Because of course, just like the best antidote against a religion is its holy book, the best antidote against Keynesianism is reading Keynes.

Re:Why Free Markets Make Fools of Us on Tuesday October 06, 2015 @02:38PM (#10341273)
The deductive process on which Austrian School theory is based, is itself based on Logic. That's as formal as you can get.

> Math is refined thinking.

No, Mr. Poet. Math is an abstract science that can be applied to concrete fields. So far no one has been able to meaningfully apply mathematics to economics, or we would have computers that can simulate markets like we can simulate tornadoes.

He's got a staggering IQ and you think he dismisses Keynesians "just because"?

When cleverer people than me state something, I listen, and do my research.

Re:The End of Safe Harbor and a Scary Path Forward on Tuesday October 06, 2015 @02:18PM (#10341077)
It wasn't money that ruined it, it was business people, marketing people and advertising people. As always, they're the ones that ruin everything.
Re:Why Free Markets Make Fools of Us on Monday October 05, 2015 @04:52PM (#10334838)
> Math can give an illusion of accuracy, when the real world is chaotic and often has far more confounding variables than you know about in something as complex as "the economy".

I don't know what you folks are talking about on this thread branch (what with "efficient markets") but Keynesian Economics is the "theory" that suffers from this "illusion of accuracy".

I don't believe in efficient anything, but I know Free Markets Theory involves no Math (only deductive methods like Praxeology).

Re:Twitter behavior can predict users' income level on Thursday October 01, 2015 @03:19PM (#10313899)
Yes.

> for example, those who earn more tend to express more fear and anger on Twitter.

That is to be expected. If you know your r/K selection theory, K individuals have larger-than-average amygdalae which is responsible for awareness, risk-assessment and consequentially fear.

K individuals in human beings are those who aren't promiscuous, marry early and have kids, and by consequence are infinitely less likely to be poor.

> Perceived optimists have a lower mean income.

This also makes sense, since r-individuals in human beings are more welcome to hope and change (optimism), and they tend to be less well-off financially since they switch their survival needs onto K-individuals (demanding help from them for paying their student loans, providing food stamps, etc).

Re:The sky's gone dark on Thursday October 01, 2015 @01:00PM (#10312624)
The words are self descriptive:

Collision = con + laedere = strike together (two things strike each other)

Conjunction = con + iungere = join together (two things become joined to each other)