Oddbean new post about | logout
 You will need even more help if it doesn't. It has to happen at some point. 
 Elon Musk one of the most incompetent people currently walking the earth. The only Elon Musk company that Elon Musk actually manages is fucking Twitter. And look at what he's done to that shit heap. All his other companies that are normal and turning a profit are run by other people. Putting him in charge of running government departments that impact the lives of the American people would be unprecedented catastrophe. And Ron Paul is a fucking lunatic whose economic theories are literally insane, and go against every tested economic principle. You don't see reputable economists clamoring for Ron Fucking Paul to fix the economy, and you sure as shit don't see any reputable people calling for Musk to be in charge of things that will have a real impact on the lives of Americans. Wanting to fix things and putting these two idiots in charge are not the same thing. You can want things to get better AND find sane, sober, competent people to carry it out.  
 Você que é o foda . 
Quem é você ?
 
 tbh 
if "reputable economists" were clamoring for anything
I'd be opposed on principle.

the economics profession is in shambles  
 Utter nonsense. Sound economic principles are a matter of objective fact based on empirical evidence and data. It's literally math. Looney Tunes ideas about economics by people who have never studied economics and have no educational or experiential foundation for their beliefs are not a basis for determining how our problems should be addressed.  
 which is why things are going so well of course.
its just math.
based on all the freely available empirical data 🙄

(that data doesnt exist either, any more than there are "sound principles")

the incentive structure is broken. 
as a result the "sound economic principles" are manufactured to match presupposed necessities.
and then data is tainted with confirmation bias to support them.

its not just economics. its every highly politically charged arena where power and money is involved. 
 I'm not arguing that everything is great and nothing needs to be fixed. But economic principles and the application of economic principles are two very different things. One is empirical, based on math, and the other is tainted by politicians and their perpetual priority of advancing their own self-interests. I'm speaking about the empirical stuff. The math. You're talking about the political side which I'm in complete agreement with you on.  
 let me ask you this then.

where do you go to learn about these supposed "sound economic principles"?

maybe at some point they were "two separate things"
but they are de facto one now. 
 Well, you could learn on your own. The library is filled with good books on the subject. Or you could take economics courses in college. If you're actually interested, you could easily obtain a relevant syllabus from pretty much any university, and use that as a guide for your own self-directed learning.  
 lol sure

and i could turn on CNN and get an accurate picture of world events 
 Id love to agree w/ you...but look at how the MMT people are running the show....according to them 35T debt doesnt matter

The only way to validate traditional economics is with a hard crash that takes the entire economy down...stocks, RE, bonds, everything. 

Otherwise business cycle reloops and S&P  hits $10,000 
 I agree with you about the problem, but not your take on the solution.  
 I dont wanna be on a food line either bro...and i doubt any of us will be in one...after all we now live in an abundant/artificially scarce world of, 3d printed foods...world hunger has been practically fixed amirite? 

Scarcity plays a major role in traditional economics, but we have the technology now to produce food where there was no food before and water where there was no water before. 

Traditional economics cant even compensate for AI and the effects on GDP yet. 
 
 Let me cook 👌🏿💯
nostr:nevent1qqsqhma8jwzpqhd26g8dph32x8fl5qgfvjxuc70cwxesh44h05kdgzgpr4mhxue69uhkummnw3ezucnfw33k76twv4ezuum0vd5kzmp0qgs9g6grpj9wychl8h2slr0n80lr49fcyjdtgaskdkvtl7uyv89ru8srqsqqqqqpsj0jcp 
 I don't know what you're talking about. We can't magically create food and water out of nothing.  
 You never heard of Moses West's machine yet? The one that produces water out of the atmoshpere using 480v electricity? 🤔
 https://video.nostr.build/e2a765b65af3d18a1ea2294b141d86437ec19e3889139e47c7282df027ca80d5.mp4

 
 I had not heard about this machine, or it's creator. So, I stand corrected on the water issue. I appreciate you showing me this.  
 Really? https://video.nostr.build/e2a765b65af3d18a1ea2294b141d86437ec19e3889139e47c7282df027ca80d5.mp4
nostr:nevent1qqswmr3fuvmu39h3wzx64ssw7e6akn24lrprrn82ls22mumqy8crlzcpr3mhxue69uhkummnw3ex2mrp0yh8jet8dpex7tnnd96x2tczypjez2n669latnem4n8fwk0nh636gnu6xwtngrj4nncx09zaccut7qcyqqqqqqggp76z0 
 I stand corrected. Not exactly what I was thinking, but it definitely fits with what I was talking about. Thanks for sharing this. If it actually works as advertised, it's an amazing advancement with the potential to save lives.  
 The 480v input is the main obstacle to mass production,...but with an advanced electrical grid...anything is possible.  
 Absolutely. That's just a matter of engineering. Bringing this concept from theory to practical reality is a truly amazing feat. Why the hell haven't I heard of this before now?? This should be on the front page of every newspaper!  
 The current system we live under does not shine light on innovations like these because it ≠ power, profit, and control for the elite classes...

People like Moses used to get dissapeared all the time....remember the guy that invented the car that ran on water?  
 You forgot to leave the caps lock on. 
 I like how you have nothing substantive to say, just some edgy sarcasm.  
 When you manage to do anything other than rehash horseshit like a deranged NPC, you'll see the responses improving. 
 Another edgy non-response. LMFAO 🤣