brynndragon: (scientist)
Supply-side economics includes the notion that money trickles down from the rich to everyone else. Has anyone ever done a study to see if this is actually the case? I'm thinking a retrospective study of what the rich do with their money and following where it goes from there (surveys should be sufficient for at least a first-order approximation). It's basic science: a theory gives you testable hypotheses which you need to test in order to demonstrate the validity of (at least portions of) the theory. Did anyone do the research?
brynndragon: (scientist)
Supply-side economics includes the notion that money trickles down from the rich to everyone else. Has anyone ever done a study to see if this is actually the case? I'm thinking a retrospective study of what the rich do with their money and following where it goes from there (surveys should be sufficient for at least a first-order approximation). It's basic science: a theory gives you testable hypotheses which you need to test in order to demonstrate the validity of (at least portions of) the theory. Did anyone do the research?
brynndragon: (A Very Spider Xmas)
If you're not bored learning about the financial mess, here is another good read on the subject. (Oh, and "The End" that he links to in the first paragraph is really damn good)
brynndragon: (A Very Spider Xmas)
If you're not bored learning about the financial mess, here is another good read on the subject. (Oh, and "The End" that he links to in the first paragraph is really damn good)
brynndragon: (Default)
An essay on the competing economic ideologies of the upcoming election (and no, socialism is not one of them): Supply vs Demand
brynndragon: (Default)
An essay on the competing economic ideologies of the upcoming election (and no, socialism is not one of them): Supply vs Demand
brynndragon: (Bad Idea)
A friend's post reminded me of something I heard yesterday. Apparently when the CEO of Lehman Brothers was testifying to Congress he mentioned this: One day when he went in to use the company gym an LB employee actually decked him. This gives me a great idea: you can have your Golden Parachute(tm) if you allow every person who your actions harmed financially to hit you once (not such that it does permanent harm). Otherwise you don't get one red cent (or equivalent!) when you are kicked out leave. That way either everyone gets what they want, or no one does. . .
brynndragon: (Bad Idea)
A friend's post reminded me of something I heard yesterday. Apparently when the CEO of Lehman Brothers was testifying to Congress he mentioned this: One day when he went in to use the company gym an LB employee actually decked him. This gives me a great idea: you can have your Golden Parachute(tm) if you allow every person who your actions harmed financially to hit you once (not such that it does permanent harm). Otherwise you don't get one red cent (or equivalent!) when you are kicked out leave. That way either everyone gets what they want, or no one does. . .
brynndragon: (Default)
Of all the metaphors I've heard this week, Stephen Colbert's market-orgy-STD was by far the best, both in terms of describing what happened and horrible pun factor. I will post it when it pops up on the internet (probably in less than an hour, but I'm going to bed shortly).
brynndragon: (Default)
Of all the metaphors I've heard this week, Stephen Colbert's market-orgy-STD was by far the best, both in terms of describing what happened and horrible pun factor. I will post it when it pops up on the internet (probably in less than an hour, but I'm going to bed shortly).
brynndragon: (A Very Spider Xmas)
I've noticed that all the people who were posting/commenting about how unfair it would be when there was discussion of legislation to help out folks facing foreclosure, saying that Those People should be allowed to become homeless on account of their poor decisions, aren't saying anything at all about the (still theoretical) bailout of Wall Street. Hmm. . .
brynndragon: (A Very Spider Xmas)
I've noticed that all the people who were posting/commenting about how unfair it would be when there was discussion of legislation to help out folks facing foreclosure, saying that Those People should be allowed to become homeless on account of their poor decisions, aren't saying anything at all about the (still theoretical) bailout of Wall Street. Hmm. . .
brynndragon: (Default)
Preferably one with a degree higher than a minor on a BA, since that I've got in my immediate family (and I'll be asking his opinion as well). I'm an armchair economist and I don't trust my opinion so well, so I'm not liable to trust other armchair econs either.

What I'm looking for is commentary on this video (45 min, with sound). I want to know if monetary reform is a tree worth barking up or not. It's obviously biased, hence me looking for an informed opinion (preferably more than one).

EDIT: He's not an economist, but Robert Anton Wilson pointed out the problem my brain was hinting at WRT that video: Secrets make you dumb
brynndragon: (Default)
Preferably one with a degree higher than a minor on a BA, since that I've got in my immediate family (and I'll be asking his opinion as well). I'm an armchair economist and I don't trust my opinion so well, so I'm not liable to trust other armchair econs either.

What I'm looking for is commentary on this video (45 min, with sound). I want to know if monetary reform is a tree worth barking up or not. It's obviously biased, hence me looking for an informed opinion (preferably more than one).

EDIT: He's not an economist, but Robert Anton Wilson pointed out the problem my brain was hinting at WRT that video: Secrets make you dumb

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benndragon

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