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  • Re: Killing 1 person to save 10 type of questions

    1. Yes. 2. Yes 3. Yes I'm also a libertarian for pragmatic utilitarianish reasons, just like Mises. I'm an ethical egoist as are most people.
    Posted to Political Theory (Forum) by TropicalK on Wed, May 18 2011
  • Re: What caused 2008 stock market crash?

    Why are prices going down a bad thing? In other words, why is it preferable for the ratio of near-term assets like cash to investable assets to be smaller? The level of high prices in most-all basic materials shows a cornering of the market, fuelled by gov cash injections. This is a malinvestment because it is a shift of easily accessable commodities
    Posted to Economics Questions (Forum) by TropicalK on Thu, Mar 24 2011
  • Re: Utilitarian Blocks Against Wealth Redistro

    Redistribution does make sense in one way. If you and your wife were having a baby, and an insurance company went up to you to suggest adding your child to a group plan. The rules of the group plan are that 20% of all earnings that your child makes will go into a fund that will help the most disadvantaged in the group. If your child is dumb or ineffective
    Posted to Political Theory (Forum) by TropicalK on Wed, Jan 12 2011
  • Re: Public goods question

    There are many cases of fixed costs and tiny marginal costs. The theoretical answer is that the people that use the bridge are the same people that own the bridge. This is sort of like a members club in combination with a season's pass. Before the bridge is built, a company would publically anounce that everyone is able to buy shares in the bridge
    Posted to Economics Questions (Forum) by TropicalK on Sun, Dec 26 2010
  • Re: Deflation Question

    If a currency is expected to increase in value, the proper response is to bid up the currency to a level of equilibrium of buyers and sellers. If the currency rises fast and far enough, people will change their expectations. Having too much wealth is not really a problem to begin with. Most problems of deflation are the result of governments attempting
    Posted to Economics Questions (Forum) by TropicalK on Mon, Sep 13 2010
  • Re: Rational Expectations Theorists

    If you have some objection to RE Theory, please point it out. As far as I know it seems almost entirely correct. They hold the belief that monetary policy will have an effect, but not the intended beneficial effect as market participants adjust to the policy, rendering the policy largely ineffective.
    Posted to Economics Questions (Forum) by TropicalK on Sun, Mar 28 2010
  • Re: Austrian take on Game Theory?

    Game theory is one of the best branches of economics out there. Most logical, most testable, most ingrained with realistic human action. The prisoner's dilemma is one of many situations in game theory. -Two actors acting in their own self-interest leaving a worse outcome for both. This is certainly a possible situation in the real world. This seemingly
    Posted to Economics Questions (Forum) by TropicalK on Fri, Mar 26 2010
  • Re: Cause of Today's Economic Crises: Too Much Thrift

    I find the common justification of many economic and political suggestions on the great depression to be extremely annoying. The Great Depression is a single datapoint. A datapoint with many many unique characteristics. The GD is historically an atypical event. Conclusions should not be made from atypical events. Mathmatically and logically, it is irresponsible
    Posted to Newbies (Forum) by TropicalK on Sat, Mar 13 2010
  • Re: Keynesianism and Monetarism Worked! (They Say)

    There was deflation through much of the 1800s. When GDP numbers are put in real terms, the 1800s look more attractive. Also, note that looking purely at GDP is not perfect as much GDP is wasted by the government in "stimulus", war, and borrowing.
    Posted to Economics Questions (Forum) by TropicalK on Wed, Feb 10 2010
  • Re: Do minimum wages raise employment?

    If you send a link to your paper and the data, I would be glad to give you a precise critique (if there is one.) I have the necessary econometrics background to do so. [quote user="process"] log(Yist)=φlog(MWst)+γ′Xist+μi+λit+τt+(epsilon)ist where i, s, and t refers to county, state and quarter of observation
    Posted to Economics Questions (Forum) by TropicalK on Tue, Aug 18 2009
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