mendelsd

6 ms·

1.
by mendelsd 7y ago
The EROI literature suggests EROI needs to be much higher than 1 to sustain economic growth. Also, some estimates of solar panel (PV) EROI are as low as 3. This short article addresses both of these points: https://www.sciencedir
2.
by mendelsd 8y ago
See [1] for a more in-depth analysis of this, and much more. "In America, for example, the benchmark measure of inflation (CPI-U) has been modified by ‘substitution’, ‘hedonics’ and ‘geometric weighting’ to the point where reported num
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Will EROI Be the Primary Determinant of Our Economic Future?(cell.com)
3 points by mendelsd 8y ago|0 comments
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Perfect Storm: Energy, Finance, and the End of Growth [pdf](ftalphaville-cdn.ft.com)
3 points by mendelsd 8y ago|0 comments
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by mendelsd 8y ago
Interesting that glucose levels are used, since they are significantly affected by diet: https://biology.stackexchange.com/questions/55853/what-is-th...
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by mendelsd 8y ago
Good comment, except I'd point out that plenty of creativity and invention gets employed in the service of rent-seeking: e.g. most of academic economics, and the way it gets used politically. Check out Michael Hudson and Richard Werner
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by mendelsd 8y ago
Brexit aside, some well-informed people are advocating a large Sterling devaluation in order to boost competitiveness [1]: "We should directly address our lack of competitiveness by the most obvious and effective means available: by
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by mendelsd 8y ago
You're going to love these guys: https://youtu.be/H5ii0wnMEBs?t=41 https://youtu.be/3j0Jx9IThII
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ECB Explains “What Is Money?” (2017)(ecb.europa.eu)
3 points by mendelsd 8y ago|0 comments
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by mendelsd 8y ago
"Manufacturing Consent: Noam Chomsky and the Media" https://www.imdb.com/title/tt0104810/
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by mendelsd 8y ago
>> the funds transfered to the customer Well, that's the crux of it right there. You are disagreeing with several authoritative sources who say that no such transfer happens, and in general the loaned funds are created out of thi
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by mendelsd 8y ago
OK, how does that gel with a report from S&P [1] that says: “Banks lend by simultaneously creating a loan asset and a deposit liability on their balance sheet. That is why it is called credit “creation” – credit is created literally out
13.
by mendelsd 8y ago
OK, so if each individual retail bank only lends out pre-existing, deposited funds, where does the increase in the money supply come from? Bear in mind that money created as a by-product of bank lending makes up the vast majority of the t
14.
by mendelsd 8y ago
Banks are not merely intermediaries between savers and borrowers. Loans create money, but only loans that are not used to repay other loans result in an increase to the money supply. The following text comes from an ING Bank research note,
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by mendelsd 8y ago
Governments aren't striving for ideal outcomes - government is necessarily a bunch of scoundrels whose chief goal is to stay in power, which is achieved by giving sufficient bungs to donors and voters: https://www.goodreads.
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by mendelsd 8y ago
Sorry to post this link at you again, but the problem is a high ratio of financial credit to productive credit: https://youtu.be/N-FDdHj7rPk Low rates, high LTV, and government guarantees all help to keep that ratio high.
17.
by mendelsd 8y ago
Indeed! BTW, you mentioned reservations about possible overspending by Corbyn's Labour. I'm encouraged however by the noises they're making about productivity, e.g. in a recent report: "The report’s guiding idea is to en
18.
by mendelsd 8y ago
"Land by its nature is scarce. A site in Mayfair cannot be reproduced like a pair of shoes. The monopoly rent it commands plays no productive role. It acts as a private tax on the productive economy. The question has always been what c
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by mendelsd 8y ago
If you want to make housing affordable you will need to reckon with this: http://positivemoney.org/wp-content/uploads/2013/04/UK-House... House prices move with mortgage credit growth. Credit growth is o
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The Quantity Theory of Credit and Some of Its Applications [pdf](postkeynesian.net)
1 points by mendelsd 8y ago|0 comments
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by mendelsd 8y ago
A major factor affecting housing affordability is the quantity of credit being assigned to mortgages relative to investment in the real economy. This is well explained by a professor of finance here (52 mins): https://youtu.be&#x
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by mendelsd 8y ago
Simon Wren-Lewis argues that increasing supply won't help so long as there exists an arbitrage between rental yields and interest rates. Wealthy people will just outbid everyone else for the increased supply: https://mainlym
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by mendelsd 8y ago
Frankie Boyle agrees with you (warning: lots of profanity): https://youtu.be/GtWA3jQN1Pg
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A Genetic Mutation That Can Affect Mental and Physical Health (2014)(psychologytoday.com)
1 points by mendelsd 8y ago|0 comments
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by mendelsd 8y ago
Werner writes: "Thus the theoretical dream world of “market equilibrium” allows economists to avoid talking about the reality of pervasive rationing, and with it, power being exerted by the short side in every market. Thus the entire p
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by mendelsd 8y ago
Regarding the validity of supply and demand determining prices, check out this essay from an Economics professor: https://professorwerner.org/shifting-from-central-planning-t... He argues that equilibrium conditions necessa
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by mendelsd 8y ago
The conditions were an inescapable sense that something had been going wrong with my life for a long time, and then getting very lucky: an acquaintance of mine is a genius and sort of transitioned several years ago into being a health guru,
28.
by mendelsd 8y ago
Since you mention Bill Evans and guitar, I must recommend Antoine Boyer's video recording of "We will meet again": https://youtu.be/iSkZVfFZmmA
29.
by mendelsd 8y ago
I started paging through encyclopedias 25 years ago, and got hold of recordings that sounded interesting. I started to pick out more and more in the music as my brain got attuned. The love affair is still going strong. I highly recommend th
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by mendelsd 8y ago
Loneliness, in my experience, can be a symptom rather than a problem in and of itself. I define my past loneliness as: Negative feelings, fed by: - feeling bad in the first instance - feeling powerless to improve my state - feeling that oth

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