mech1234

4 ms·

1.
by mech1234 7y ago
Try not to confuse the Federal Reserve (the Fed) with the Federal Government.
2.
by mech1234 7y ago
1. Below is a summary of evidence that UBI reduces employment. The reductions of working hours are substantial, even in studies widely spun as "no change". Below that is also HN debate about it. https://www.chrisstucchi
3.
by mech1234 7y ago
Reserve requirements are typically made more stringent while the economy is doing well. The history of these changes by the Fed is available at the link below. https://www.federalreserve.gov/monetarypolicy/reservereq.ht
4.
by mech1234 7y ago
Take note that your state of residence may or may not have done the same.
5.
by mech1234 7y ago
Your argument can be extended infinitely. It's pretty easy to understand that Tesla (and any other assembly plants that fit in this window) is simply getting special treatment here. The factory that makes hydraulic fluid for Tesla&#x27
6.
by mech1234 7y ago
It is not delaying the inevitable. There will be many profitable restaurant businesses who find their business lacking liquid cash over the next few months. Being thrown a credit lifeline means that they can make it through this period of t
7.
by mech1234 7y ago
Spreading the problem out over a long period of time keeps the company in business. It's a no-brainer good idea for the SBA to do this. Not sure what you would prefer instead.
8.
by mech1234 7y ago
Typically, For every dollar a bank "keeps" in your bank account, they are allowed to loan out some fraction of the dollar. Let's say that this is usually 90 cents. The amount of cash your bank actually has on-hand is 10 cents
9.
by mech1234 7y ago
There is a large risk of inflation under UBI. You cannot make an honest argument about UBI without accepting this risk. 1. On the margin, UBI reduces employment and production. This contributes to inflation. 2. On the margin, UBI increases
10.
by mech1234 7y ago
The zero reserve requirements are intended to prevent the problems caused by a potential bank run. Once the economy is running smoothly again, reserve requirements will be made more stringent again. It seems likely that the Fed is more well
11.
by mech1234 7y ago
Bokeh is both a feature and a bug. I kinda figure if cameras never had bokeh we would never miss it.
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by mech1234 7y ago
If you think the median american had more disposable income in 1940 than today, you are hilariously uninformed. https://fred.stlouisfed.org/series/DSPIC96 (only goes back to ~1960, and the I think this is mean, not me
13.
by mech1234 7y ago
What mechanism other than litigation and the consumer protection bureau do you think should enforce against false advertising? How much resources should be expended to fight it? Do you have an alternative to propose, or do you prefer instea
14.
by mech1234 7y ago
There's only 3 confirmed cases of the virus in Ohio. UD is being very proactive here.
15.
by mech1234 7y ago
I think punishing or firing the employees is appropriate. It is often, but not always, also appropriate for those employees to have criminal punishments imposed on them. I suppose you think that current norms for these punishments are too l
16.
by mech1234 7y ago
Don't those unlimited plans state that data may be throttled, etc? Unless you cite a specific example it's pretty tough to argue against. To argue against your theoretical case: If there is a data plan that advertises unlimited da
17.
by mech1234 7y ago
Advertising fraud is already illegal. The situations where case law dictates what is illegal are varied and nuanced. As a side note, there are many categories of claims that fall in neither "provably true" nor "provably untru
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by mech1234 7y ago
In matters of life and death, being careful is important. Taleb and others have a lot to say about tail risk, and coronavirus looks like a large tail risk to me. If I were a resident or planned an urgent visit in a Seattle nursing home I&#x
19.
by mech1234 7y ago
You are claiming that the masks are useless. They are not. They have some effectiveness, and that effectiveness is limited. This is well-understood. Aerosol-based transmission is well-understood. Claiming that there are "gotchas"
20.
by mech1234 7y ago
The most interesting bit of misinformation that I've seen develop is the claim that N95 masks do not help when you are in public, despite the fact that they factually do help. The chain of events: 1. Concerns arise that respirator inve
21.
by mech1234 7y ago
Trump runs huge deficits during boom times. He'll probably run even huger deficits during bust times.
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by mech1234 7y ago
I really don't understand the appeal of dutch ovens for most home cooks. How is it better than a cheap roasting pan? ie. https://www.amazon.com/Granite-Ware-18-Inch-Covered-Roaster/... I understand that you can bu
23.
by mech1234 7y ago
A race to the bottom seems like it is a pretty good thing in this case. People are reasonably well-informed of the difference between the different levels of seating. To pretend otherwise is to claim ignorance of how many up-sell screens ev
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by mech1234 7y ago
Air travel got way cheaper and more popular over the last two or three decades. Some of this is deregulation and technological innovation enabling lower fuel costs. Much more of this is because customers almost always choose the lowest cost
25.
by mech1234 7y ago
In Economics, secular essentially refers to long-term trends regardless of boom-and-bust business cycles. The focus is on the long term. In the context of economics it has nothing to do with religiousness. A secular trend is a variable that
26.
by mech1234 7y ago
Interest rates have been on a secular decline over the course of the last century. Different economists have described this via various terms- "savings glut" is the one I like the most (even though I don't like Krugman). Righ
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by mech1234 7y ago
In terms of investment risk and returns: The more honest approach is to admit that shifting your investments will make you marginally less diversified and exposed to marginally greater idiosyncratic risk, but to weigh the tradeoffs and to d
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by mech1234 7y ago
I strongly urge all people who wish to be informed citizens to consume news sources from diverse sources. Selection bias of what events get covered is a huge source of political spin, and using diverse sources is the only way to eliminate s
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by mech1234 7y ago
My old boss, before he retired a year ago, was heavily invested in G.E. stock throughout his career at the recommendation of his Edward Jones financial advisor. I am pretty sad about his financial situation.
30.
by mech1234 7y ago
Proper response to this: https://www.ft.com/content/01fc06b8-fb6e-3e36-acb0-a1f8b47a7... It remains true that high debt ratios hamper growth.

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