umair haqueinEudaimonia and Co·1 day agoMember-onlyWhy Are People So Pessimistic About the Economy? Because…It SucksHow Many People Think Things Are Doing Well? Go Ahead and Guess — There are numbers, and then there are numbers. I came across one lately that should have made more waves. What percentage of people would you say think the economy’s in excellent shape? Go ahead, guess. Now guess again. Just 1%. That’s not a typo, that’s a real finding. Go ahead…Economics9 min readEconomics9 min read
Egberto Willies·15 hours agoMember-onlyAli Velshi dismantles former Republican Governor. Why do corporations and not people get the breaks?Ali Velshi did not allow former Republican Governor of Ohio, John Kasich, to use his program to lie, misinform, and bloviate about the economy, inflation, taxes, & more. Ali Velshi dings Former Ohio Governor John Kasich.Economics2 min readEconomics2 min read
B·1 day agoWar of the WorldsIn parallel with – but perhaps not entirely unrelated to – the many technical aspects of the long decline of industrial civilization, my attention is increasingly captured by the massive global geopolitical shift precipitated by the war in Eastern Europe. I incline to believe that this battle is not a…Economics7 min readEconomics7 min read
Jared A. BrockinSurviving Tomorrow·1 day agoMember-onlyNever Mistake Political Malevolence for IncompetencePoliticians aren’t stupid; they’re evil — It’s never wise to start a sentence with “I love my wife, but…” but here we go: I love my wife, but I strongly dislike her view of humanity. …Economics6 min readEconomics6 min read
The Professor of MediuminBouncin’ and Behavin’ Blogs·12 hours agoMember-onlyMy Ko-fi Tip Jar is STUFFEDHere’s How You Can Earn Big Tips on Medium — After I received my 88th Ko-fi tip recently, I started to feel curious about how all of this has come to be. It seemed as though I started using Ko-fi around May of last year. …Economics5 min readEconomics5 min read
Alex Mell-TaylorinAn Injustice!·11 hours agoMember-onlyNo, a 4th Stimulus Check is Not "Just Around the Corner"The men (and women) selling false hope — Back in 2020, I wrote a piece called "The Men Who Sold the False Hope of Stimulus Checks" that chronicled an online trend of "finance gurus" reporting about news on the potential release of a second round of stimulus checks. This was after the Trump administration gave out $1200 checks…Economics6 min readEconomics6 min read
Fulin Guo·15 hours agoUsing GPT as Participants in Game Theory ExperimentsGPT Agents in Game Theory Experiments This paper explores the potential of using Generative Pre-trained Transformer (GPT)-based agents as participants in…arxiv.org Author: Fulin Guo In this study, I explored the fascinating potential of using Generative Pre-trained Transformer (GPT)-based agents as participants in game theory experiments. My focus is on the ultimatum game and the prisoner’s dilemma — two simple and extensively studied games in economics. …Economics8 min readEconomics8 min read
Cailian Savage·20 hours agoMember-onlyIs Too Much Education Ruining The Economy?My thesis: yes. — A month ago I listened to a podcast about an interesting phenomenon in today’s China: frequent references to the century-old literary character Kong Yiji. Yiji was a contemptible figure: a man who failed the examinations to enter the Imperial bureaucracy but still considered himself an intellectual. He therefore languished in…Economics8 min readEconomics8 min read
Benjamin CaininAn Injustice!·11 hours agoMember-onlyHas the “Bullshit Jobs” Thesis Been Debunked?David Graeber’s tactical error, and the underlying strength of his theory — In his book Bullshit Jobs, the anthropologist David Graeber argued that there’s been an explosion of “pointless, unnecessary, or pernicious” jobs since the 1980s, owing to the rise of managerial feudalism and to the financialization of capitalism. Graber’s analysis posits several types of BS jobs: Flunky positions are created because…Economics10 min readEconomics10 min read
Ira Kawaller·11 hours agoReflections on the Debt Ceiling Compromise5/31/23 I’m just beginning to exhale. For the past several weeks, I’ve been somewhat paralyzed by my concern that Congress would fail to raise the debt ceiling, thereby putting the world economy in jeopardy; and while the critical legislation has yet to pass, by all accounts, it looks like we’re…Economics3 min readEconomics3 min read
