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16-Sep-22 10:19

Fight of the Century: Keynes vs. Hayek - Economics Rap Battle Round Two - YouTube[^]

100 centigrades worth!!

Bastard Programmer from Hell Suspicious | :suss:

"If you just follow the bacon Eddy, wherever it leads you, then you won't have to think about politics." -- Some Bell.

Greg Utas16-Sep-22 12:12

Greg Utas

16-Sep-22 12:12

That's really well done! Thanks for the link.

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jmaida16-Sep-22 14:07

16-Sep-22 14:07

it's not an either/or, it's both. Top down gives one a goal. Bottom up gives one flexibility to revise a top. Just saying. Clever video.

"A little time, a little trouble, your better day"
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Greg Utas16-Sep-22 14:09

Greg Utas

16-Sep-22 14:09

That works great in software but not in economics. Smile | :)

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The fox knows many things, but the hedgehog knows one big thing.

jmaida16-Sep-22 14:46

16-Sep-22 14:46

Does work with software, but I submit the US economy (and to some degree Canada) sort of works the same way just in very complicated slow motion (decades). I know you are going to disagree, but I still hold that opinion.

"A little time, a little trouble, your better day"
Badfinger

Eddy Vluggen17-Sep-22 0:10

17-Sep-22 0:10

The vid is about monetary policy; and it is not smart, as it implies a choice. We do not have one Smile | :)

Simple explanation. You own a lemonade stand, in the current economy, you need to grow with at least 2% each year;

So you grow bigger lemons. Sweeter lemons. Add more water. But at a certain point, you will reach a max, simply due to the amount of people passing. If that happens with our real economy, things collapse. If the economy collapses, war follows.

I'm not taking arms for some fools failing economic policy. The world is drowning in money, and now I should go to war to protect some characters in a database?

"We, the people", we had enough.

Bastard Programmer from Hell Suspicious | :suss:

"If you just follow the bacon Eddy, wherever it leads you, then you won't have to think about politics." -- Some Bell.

Daniel Pfeffer17-Sep-22 7:01

Daniel Pfeffer

17-Sep-22 7:01

Eddy Vluggen wrote:
So you grow bigger lemons. Sweeter lemons. Add more water. But at a certain point, you will reach a max, simply due to the amount of people passing.

So you expand to another neighbourhood - buy up another lemonade stand there, hire workers, etc.

Eddy Vluggen wrote:
If that happens with our real economy, things collapse. If the economy collapses, war follows.

Not necessarily. Lack of growth does not equal economic collapse. For that matter, neither does shrinking ("recession").

Most Western countries have stable or declining populations, so population pressure is no longer a reason for growing the economy.

The major reason why economies must grow is to pay for the over-spending of governments. As almost every government on the planet spends more than it collects in taxes, it must do one of two things: print money, which causes inflation, lessening the governmental debt as a proportion of GDP, or have the economy grow, again lessening the governmental debt as a proportion of GDP.

Freedom is the freedom to say that two plus two make four. If that is granted, all else follows.
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Eddy Vluggen17-Sep-22 7:27

17-Sep-22 7:27

Daniel Pfeffer wrote:
So you expand to another neighbourhood - buy up another lemonade stand there, hire workers, etc.

That's what the US is trying. By force. And even if they take the planet, it is limited, innit? Smile | :)

Daniel Pfeffer wrote:
Not necessarily. Lack of growth does not equal economic collapse

Usually it doesn't; but paying existing debts requires the growth.

It is not some economic theory.

Daniel Pfeffer wrote:
so population pressure is no longer a reason for growing the economy.

Which population pressure? The complete West would fold over without refugees to enter our workforce! The only pressure here is called interest.

Daniel Pfeffer wrote:
print money, which causes inflation

IT DIDN'T!!

It is just numbers on a computer sitting there; if it were real cash, then yes, you'd have a shitload of inflation after we "rescued" the banks. It didn't, even though trillions more slosh through the system.

There's no inflation! You pay more for yer shite, yes, but that's not inflation, that's just price going up.
Lessening debt?

You do realize that money is never coming back ehr? By now that is obvious for anyone who can count.

Daniel Pfeffer wrote:
lessening the governmental debt

Bastard Programmer from Hell Suspicious | :suss:

"If you just follow the bacon Eddy, wherever it leads you, then you won't have to think about politics." -- Some Bell.

Nelek17-Sep-22 11:39

Nelek

17-Sep-22 11:39

Eddy Vluggen wrote:
That's what the US is trying. By force.

Not only the USA... almost every country with some strength tries it. Even Holand (you had colonies too, hadn't you?)
BTW, today I would say China is way more aggressive with the economical expansion than USA.

M.D.V.

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Eddy Vluggen18-Sep-22 7:34

18-Sep-22 7:34

Nelek wrote:
Even Holand (you had colonies too, hadn't you?)

If you wrote it correct, then the name would still be wrong. And we do have colonies that we keep funding, not vassals.

Nelek wrote:
BTW, today I would say China is way more aggressive with the economical expansion than USA.

China? Aggressive?

There's a US military base not far from here; to protect "the Netherlands" from the evil commies and Germans. Just like you protect American oil wells in the mid-east.

Bastard Programmer from Hell Suspicious | :suss:

"If you just follow the bacon Eddy, wherever it leads you, then you won't have to think about politics." -- Some Bell.

Nelek18-Sep-22 10:21

Nelek

18-Sep-22 10:21

I said "economical expansion" not militar.

M.D.V.

Eddy Vluggen18-Sep-22 12:09

18-Sep-22 12:09

To some, that's the same thing. It's a rather large part of that economy, innit? To invade and conquer? Largest budget to warfare?

Bastard Programmer from Hell Suspicious | :suss:

"If you just follow the bacon Eddy, wherever it leads you, then you won't have to think about politics." -- Some Bell.

worldle 238 3/6

jmaida16-Sep-22 9:30

16-Sep-22 9:30

#Worldle #238 3/6 (100%)
🟩🟩🟩🟩🟨↖️
🟩🟩🟩🟩⬜⬅️
🟩🟩🟩🟩🟩🎉
https://worldle.teuteuf.fr
Had to look at map. Knew which country but could not recall the name.

"A little time, a little trouble, your better day"
Badfinger

Amarnath S16-Sep-22 14:37

Amarnath S

16-Sep-22 14:37

#Worldle #239 3/6 (100%)
🟩🟩🟩🟩🟨↙️
🟩🟩🟩🟩🟨↗️
🟩🟩🟩🟩🟩🎉
https://worldle.teuteuf.fr

jmaida16-Sep-22 16:25

16-Sep-22 16:25

We were off by one.
My mathematics/CS professor used to say if your program has an error, it's just off by one somewhere.

"A little time, a little trouble, your better day"
Badfinger

Amarnath S16-Sep-22 17:40

Amarnath S

16-Sep-22 17:40

I am in a time zone half-a-day ahead of you.

jmaida16-Sep-22 18:02

16-Sep-22 18:02

"A little time, a little trouble, your better day"
Badfinger

Amarnath S16-Sep-22 20:52

Amarnath S

16-Sep-22 20:52

I meant that my Worldle answer is for 239, whereas yours is for Worldle 238. So, I get it earlier than you.

OriginalGriff16-Sep-22 17:58

OriginalGriff

16-Sep-22 17:58

#Worldle #239 1/6 (100%)
🟩🟩🟩🟩🟩🎉

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jmaida16-Sep-22 18:02

16-Sep-22 18:02

Doh!

"A little time, a little trouble, your better day"
Badfinger

jmaida16-Sep-22 18:04