Recent Active Topics

Post and comment count Date Latest Comment Author Title or First Words
Open Discussion (468) 2018/09/22 curi > He also never took any interest in the That sentence should say *in the topic of overreaching* on the end. He did say he liked Paths Forward, but then never acted accordingly.
Donald Trump is a Moderate (14) 2018/09/20 curi lame. at least archive.org has them
Open Discussion: Economics (157) 2018/09/20 RN Current time-slice principles of justice
Letter to Jordan Peterson on Antidepressants and Rational Discussion (12) 2018/09/19 Anonymous uneducated people talking about mental illness when not even having a bachelors harm more
Do Primarily Easy Things – Increasing The Productivity Of Your Intellectual Labor Vs. Consumption (12) 2018/09/18 curi > How do I get better at these two things? Are there step-by-step instructions for doing this that work for most people? No. Knowledge that good – to not only highly effectively help an individual with such a problem, but actually to help anyone
Critical Rationalism Criticisms? (10) 2018/09/17 Anonymous > weird, i'm super nice. lmao
Preferences and Indifference – Comments on Walter Blocks' Article (3) 2018/09/16 Anonymous This article makes some of the same points as the blog post above, but not the coin flipping point. https://mises.org/library/choice-and-preference
Discord Discussions (1) 2018/09/12 Anonymous Related to the discussion of Sam Harris: http://curi.us/2137-sam-harris-vs-capitalism
I Changed My Mind About David Deutsch (12) 2018/09/10 Anonymous lol
Open Discussion: Parenting, Babies, Education (22) 2018/09/01 Anon56 > #10985 Why are you comparing disagreements with extended family to disagreements with co-parents? I said it's harder if you have *both issues to worry about* instead of just one type. Ah I misunderstood. I retract my claim that your post is wrong

Recent Individual Comments

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Title or First Words Author Post Date
> He also never took any interest in the That sentence should say *in the topic of overreaching* on the end. He did say he liked Paths Forward, but then never acted accordingly. curi Open Discussion 2018/09/22
#11225 Yeah, that was a couple days after he got triggered because I and others don't hate the idea of Trump building a wall. I told him he was triggered, and some other warnings, and asked some questions, and he just ignored me and kept ranting for l curi Open Discussion 2018/09/21
#11225 He was talking to curi. He was triggered because curi criticized his approach to subreddit moderation – which he both defended and also simultaneously disowned since he isn't solely in charge. Anonymous Open Discussion 2018/09/21
[6:28 PM] HeuristicWorld (Andy): I am really kind of confused at your bullying attitude towards me [6:30 PM] HeuristicWorld (Andy): Sabotaging, I guess you expect me to be like everyone else here that takes your word for gospel [6:30 PM] HeuristicWo Anonymous Open Discussion 2018/09/21
https://www.youtube.com/watch?v=ReTqMM7HNM8 Anonymous Open Discussion 2018/09/21
#11222 Why are you linking that? Do you have a question? Anonymous Open Discussion 2018/09/20
https://www.reddit.com/r/thedavidpakmanshow/comments/9hjldl/progressives_are_completely_failing_at_properly/ David Fapman Open Discussion 2018/09/20
https://www.jihadwatch.org/2018/09/france-marine-le-pen-ordered-to-undergo-psychiatric-tests-for-posting-photos-critical-of-the-islamic-state Quotes: > France: Marine Le Pen ordered to undergo psychiatric tests for posting photos critical of the Anonymous Open Discussion 2018/09/20
lame. at least archive.org has them curi Donald Trump is a Moderate 2018/09/20
all the links to donaldjtrump.com and tedcruz.org on this blogpost 404, here they are: wants to pause https://www.donaldjtrump.com/press-releases/donald-j.-trump-statement-on-preventing-muslim-immigration advocates some moderate stuff https://ww Anonymous Donald Trump is a Moderate 2018/09/20
Current time-slice principles of justice RN Open Discussion: Economics 2018/09/20
https://www.youtube.com/watch?time_continue=3&v=Giahp-hkK9Y Anonymous Open Discussion 2018/09/20
mykl's apology/reflections curi Open Discussion 2018/09/20
uneducated people talking about mental illness when not even having a bachelors harm more Anonymous Letter to Jordan Peterson on Antidepressants and Rational Discussion 2018/09/19
#11213 i don't have music running thru my head most of the time. almost never. sometimes i have music running thru my head, like right after hearing a song. i only listen to music while driving or working out. often i like it silent while dr Anonymous Open Discussion 2018/09/19
#11152 > Why do people have music running through their heads? Is there anything we can do to get it to stop? Are there people who don't have music running through their heads most of the time? If so, what's the difference between them and the Anonymous Open Discussion 2018/09/19
> How do I get better at these two things? Are there step-by-step instructions for doing this that work for most people? No. Knowledge that good – to not only highly effectively help an individual with such a problem, but actually to help anyone curi Do Primarily Easy Things – Increasing The Productivity Of Your Intellectual Labor Vs. Consumption 2018/09/18
Two problems I'm running into are things you mentioned: I don't understand what I read very well. And I'm not very good at correcting errors in my understanding of what I read. How do I get better at these two things? Are there step-by-step instruc beginner Do Primarily Easy Things – Increasing The Productivity Of Your Intellectual Labor Vs. Consumption 2018/09/18
https://www.wired.com/story/apple-infinite-loop-oral-history/ > Forstall: Whenever I ate with Steve, he insisted on paying for me, which I thought was a little odd. Even if we went in together and he selected something quick like premade sushi, and Anonymous Open Discussion 2018/09/18
https://www.wired.com/story/apple-infinite-loop-oral-history/ > Scott Forstall (SVP of software, 1997–2012): Those buildings were mazes. Every time I would bring someone on campus, they would get lost. There’s only one time I remember someone n Anonymous Open Discussion 2018/09/18
https://www.wired.com/story/apple-infinite-loop-oral-history/ > Cook: It was an awful time. The stock crashed, it goes down by 60 to 70 percent. We get a call from Ted Waitt, founder of Gateway. He wants to talk about acquiring Apple. Steve and I w Anonymous Open Discussion 2018/09/18
https://www.wired.com/story/apple-infinite-loop-oral-history/ > Schiller: We’re like, “Steve! Newton customers are picketing! What do you want to do? They’re angry.” And Steve said, “They have every right to be angry. They love Newton. It Anonymous Open Discussion 2018/09/18
https://www.youtube.com/watch?v=B229-KLudTo > 17-YEAR-OLD STUDENT PILOT LANDS HER PLANE WITHOUT A WHEEL! They do a good job of staying calm and handling the situation in a reasonable manner. Anonymous Open Discussion 2018/09/18
#11202 Did you have any particular facts in mind? oh my god it's turpentine Open Discussion 2018/09/18
Antidepressants Harm JC Letter to Jordan Peterson on Antidepressants and Rational Discussion 2018/09/18
> weird, i'm super nice. lmao Anonymous Critical Rationalism Criticisms? 2018/09/17
truth hurts bro. facts don't care about your feelings. Anonymous Open Discussion 2018/09/17
#11200 Your hostile comments don't include specific arguments about specific claims anyone made. You don't appear to be attempting to have a rational discussion. Anonymous Open Discussion 2018/09/17
sounds like a bullshit excuse to let bad science that agrees with you pass through and ignore the good science that disagrees with you. That's how you get climate change deniers, anti-vaxxers and flat earthers. Postmodernism on the right. Anonymous Open Discussion 2018/09/17
https://twitter.com/JonathanTurley/status/1041900047800123393 > Venezuela’s Maduro Orders 3,500 Percent Increase in Minimum Wage … 40 Percent of Businesses Close Anonymous Open Discussion: Economics 2018/09/17
Ok. I see your point about coming at it backwards. And right now, I can't think of a problem that the ranking solves. You can just use general criticisms when comparing treatment options. Criticisms such as: - so far this drug has only been tried Kate Open Discussion 2018/09/17
> Is there some usefulness in ranking study designs, though? I’m trying to figure out exactly what should be ranked, if anything at all. More on this below. This is backwards. You should start with a problem and seek solutions, not take a poten Anonymous Open Discussion 2018/09/17
updated to use archive.org https://web.archive.org/web/20161201020817/https://www.donaldjtrump.com/policies/trade/ i think it's awful that trump takes down his recent campaign info. he's still president, he ran on this info, and it's already off curi Donald Trump is a Moderate 2018/09/17
#11191 > You shouldn't rank drugs by the types of studies that failed to refute them. Is there some usefulness in ranking study designs, though? I’m trying to figure out exactly what should be ranked, if anything at all. More on this below. Kate Open Discussion 2018/09/17
>He worries about "trade deficits" the link in the words "trade deficits" 404s now. Anonymous Donald Trump is a Moderate 2018/09/17
#11192 People have different problems. I could make something like that if people were rational, but they get stuck on their personal irrationalities. There already are generic things like that, such as the FI website essays or reading recommendations curi Do Primarily Easy Things – Increasing The Productivity Of Your Intellectual Labor Vs. Consumption 2018/09/16
> FI involves ideas that are actually good and effective, as against rivals offering similar overall stuff (rational ideas) but which are incorrect. FI faces the following major challenges: 1) people are so badly educated they screw up when trying to beginner Do Primarily Easy Things – Increasing The Productivity Of Your Intellectual Labor Vs. Consumption 2018/09/16
> One of my conversational goals is to understand whether I'm making a mistake. Yes you're making lots of mistakes due to epistemological ignorance. You yourself say "vaguely". You shouldn't rank drugs by the types of studies that failed to refute Anonymous Open Discussion 2018/09/16
This article makes some of the same points as the blog post above, but not the coin flipping point. https://mises.org/library/choice-and-preference Anonymous Preferences and Indifference – Comments on Walter Blocks' Article 2018/09/16
> To end on a positive note: Block’s practice of introspection is far better than his theory. Caplan does indeed agree that “[Austrianism] has far more to offer the practitioner of economics than [Marxism]” (Block 1999, p. 37). what the fuck. curi Preferences and Indifference – Comments on Walter Blocks' Article 2018/09/16
Bryan Caplan curi Preferences and Indifference – Comments on Walter Blocks' Article 2018/09/16
#11186 No Das Kapital or Mao's Red book FF Open Discussion 2018/09/16
Sad to see Wikipedia list "Atlas Shrugged" in the worst books near "Mein Kamph" https://en.wikipedia.org/wiki/List_of_books_considered_the_worst#Atlas_Shrugged_(Ayn_Rand,_1957) FF Open Discussion 2018/09/16
#11180 >Different metrics of evidence quality are used for different purposes. (Though such things are overrated and often no such metric is needed.) Is there a useful metric (and ranking) of evidence quality associated with the hierarchy of ev Kate Open Discussion 2018/09/16
> Total ignorance is a bit of a stretch. I've done enough research to distinguish what I would consider weak and strong studies. However, I don't have to be an expert in research design to know that the goal is not authoritarian control but an attempt Dagny Open Discussion 2018/09/16
> calling curi mistaken without argument (a bit of a stretch is a claim about an error without giving reasoning) oops i didn't check the quote authors at first. but then i realized he was insulting me, not curi, this time. well, i await a of refuta Dagny Open Discussion 2018/09/16
#11181 You're advocating psychological pressure (as against rational arguments), calling curi mistaken without argument (a bit of a stretch is a claim about an error without giving reasoning), mistaken about strength and weakness (see https://yesornop Dagny Open Discussion 2018/09/16
>> I may not have a full grasp of that side or yours but I do not think you presented it in a way that is in accord with the principle of charity. > The principle of charity is commonly used to attack and pressure people – like you've just done Anonymous Open Discussion 2018/09/15
"quality of evidence" is not a well-defined, singular thing with any universal purpose. Different metrics of evidence quality are used for different purposes. (Though such things are overrated and often no such metric is needed.) Kate, you don't Dagny Open Discussion 2018/09/15
Do they differ in their quality of evidence that a particular tested treatment will actually work in reality as guessed? If so, is it useful to rank them according to this difference? Kate Open Discussion 2018/09/15
Kate, you seem to be asking about whether there's any difference btwn the things in the pyramid, or if CR views them as identical. Yes there are differences. They are, literally, different. These differences may be mentioned in arguments when people Dagny Open Discussion 2018/09/15
Clarification: >To clarify, I'm not criticizing treatment A itself. It could still be good. But I'm criticizing me going with it right now because it has given much of a demonstration on how it'll actually work in reality (yet). [...] because it Kate Open Discussion 2018/09/15
>So what's relevant is whether there is a criticism of the study, not what kind of study it is. So this diagram is about assigning authority not about how to make judgements rationally. Suppose treatment A has been investigated in a case study (som Kate Open Discussion 2018/09/15
#11172 > I don't think that's the most charitable interpretation of this. It could well come close to straw-manning what is intended with this. > > It is not about popularity or even authority. RCTs are put above cohort studies. But if a coho Anonymous Open Discussion 2018/09/15
> I may not have a full grasp of that side or yours but I do not think you presented it in a way that is in accord with the principle of charity. The principle of charity is commonly used to attack and pressure people – like you've just done – Dagny Open Discussion 2018/09/14
Expressing the position of Critical Rationalism is not straw manning. It is an actual, important disagreement. We have serious, published reasoning for this (which our opponents will not answer). curi Open Discussion 2018/09/14
I don't think that's the most charitable interpretation of this. It could well come close to straw-manning what is intended with this. It is not about popularity or even authority. The whole goal is to keep us from fooling ourselves, as we are Andy Open Discussion 2018/09/14
[image] (Image from https://www.researchgate.net/figure/Hierarchy-of-evidence-pyramid-The-pyramidal-shape-qualitatively-integrates-the-amount-of_fig1_311504831 ) this is all about *who should rule* curi Open Discussion 2018/09/14
If your current ideas (logic, explanations, etc) don't enable you to understand what's going on in an empirical situation, that you have more to learn and investigate. It can be a sign of a problem or at least an opportunity to understand more. But no curi Open Discussion: Economics 2018/09/14
#11168 With criticisms, as always. Whether or not the criticisms mention data, criticism is always the method of making intellectual progress. Dagny Open Discussion: Economics 2018/09/14
So how do we error correct in the light of new information? Andy Open Discussion: Economics 2018/09/14
#11166 Size is another factor. I don't think I'd want a larger phone than my X. I've tried a plus phone before and didn't like it. I can comfortably hold this in one hand. Anonymous Open Discussion 2018/09/14
https://www.cnet.com/news/iphone-xs-versus-iphone-xs-max-versus-iphone-xr-whats-the-difference/ I think I'm going to get the XR. The processor is the same as the XS. I don't care about the screen or camera not being quite as good. Anonymous Open Discussion 2018/09/14
*Logic and philosophy are not empirically falsifiable and are not supposed to be.* Not everything is a scientific issue, and no issues are pure science (making scientific claims always involves some philosophy of science, too). Dagny Open Discussion: Economics 2018/09/13
#11161 In the first 30 seconds, he says right wingers as a group "invariably" make certain arguments (which are not even close to my main points on the subject), accuses them of calling people "cucks" (which I don't do), and says he'll look at data (r Dagny Open Discussion 2018/09/13
I am a little worried that your theory might not be falsifiable. Andy Open Discussion: Economics 2018/09/13
#11161 was me Andy Open Discussion 2018/09/13
https://www.youtube.com/watch?v=YIL3JD7rxdE Anonymous Open Discussion 2018/09/13
> Even if the measure of unemployment is flawed. Would the base change still no matter. So let's say that unemployment is at 10% before the minimum wage increase. It then remains at 10% post minimum wage increase. Suppose that were true – that fo Anonymous Open Discussion: Economics 2018/09/13
Ok playing devil's advocate here: Even if the measure of unemployment is flawed. Would the base change still no matter. So let's say that unemployment is at 10% before the minimum wage increase. It then remains at 10% post minimum wage increase. Andy Open Discussion: Economics 2018/09/13
Best educational Overwatch streamer I've found: https://www.twitch.tv/fahzix Anonymous Open Discussion 2018/09/13
#11156 These people claim their economic policies aren't causing unemployment, while also being well aware that *we have unemployment*. Measuring the amount of unemployment may be hard, but it's uncontroversial that there are quite a few unemployed pe Dagny Open Discussion: Economics 2018/09/13
#11155 Two more points I'll mention quickly. 1) We already have unemployment. We clearly don't have a liberal-capitalist system in place – at most we have something which partially resembles it. So it'd be really important to figure out what is curi Open Discussion: Economics 2018/09/13
#11154 It reads like a foreign language because it's not meant to be understood. If it was understood, people would see it's flaws. It's meant to be dealt with in ways like these: 1) People can accept the conclusions on authority. 2) Activists c curi Open Discussion: Economics 2018/09/13
Well I guess we can start with this one: http://www.sole-jole.org/17722.pdf To be honest I don't understand the Math involved in this study. I never heard of a Bunching Estimator and when I look at the methodology I might as well be reading some Andy Open Discussion: Economics 2018/09/13
I don't know why a song gets stuck. But what works for me is to finish out the song in my head. Play it out until the end, then it no longer plays. Andy Open Discussion 2018/09/13
Why do people have music running through their heads? Is there anything we can do to get it to stop? Anonymous Open Discussion 2018/09/13
http://www.settingtheworldtorights.com :( Anonymous Open Discussion 2018/09/13
#11148 He didn't seem aware that paddling is already a thing in lots of US schools. And he was kinda hateful of strict parenting without a word about how the standard other side of that debate is also awful ("permissive parenting" is bad). Basically a Anonymous Open Discussion 2018/09/13
#11147 Pick a link and say what you can refute and what part you can't. curi Open Discussion: Economics 2018/09/13
https://www.youtube.com/watch?v=5jl2pRJRZNg Anonymous Open Discussion 2018/09/13
> Andy, are you satisfied about minimum wage? Convinced? Done with the topic? > If not, got further questions and objections? > If so, do you see how not everything is about research and sometimes logic and math are goods tool? And got any ideas Andy Open Discussion: Economics 2018/09/13
Related to the discussion of Sam Harris: http://curi.us/2137-sam-harris-vs-capitalism Anonymous Discord Discussions 2018/09/12
https://www.breitbart.com/tech/2018/09/12/leaked-video-google-leaderships-dismayed-reaction-to-trump-election/ leaked video of Google leaders hating Trump and expressing their desire to use their control over information for political activism. Anonymous Open Discussion 2018/09/12
Just got emailed this: > We noticed that you haven't logged into your ESL account within least 4 years and we are writing to inform you that we will unfortunately have to close your account soon. We are forced to do this due to the GDPR policy that Anonymous Open Discussion 2018/09/12
#11142 There are tons of related issues, and they aren't all about welfare. If you have stocks to sell that have gone up in value, you will be taxed more for this if you have higher income, so there's an incentive there to work less (perhaps temporari Anonymous Open Discussion: Economics 2018/09/12
#11061 this article seemed relevant to our discussion especially second paragraph > “So, we know that a sizable number of minimum-wage earners are not in need of a wage that can support a household. But what of the minimum-wage earners who are? Anonymous Open Discussion: Economics 2018/09/12
Andy, are you satisfied about minimum wage? Convinced? Done with the topic? If not, got further questions and objections? If so, do you see how not everything is about research and sometimes logic and math are goods tool? And got any ideas about curi Open Discussion: Economics 2018/09/12
EU gonna tax online links!? https://conjecturesandrefutations.com/2018/09/12/eu-copyright-directive/#comment-4965 Anonymous Open Discussion 2018/09/12
https://daringfireball.net/linked/2018/09/11/amazon-peterson [image] There's no way that's what Jeff Bezos wants his managers to do about injuries. He probably considers it just as immoral as most oth Anonymous Open Discussion 2018/09/12
> We had fantastic benefits from the Space program such as MRI's and CatScans for example. GPS, home insulation, smoke detectors, heart pump technology. The list is quite long. I agree there were major upsides. That is not, however, a comparison to Anonymous Open Discussion: Economics 2018/09/10
> and it's unclear to me that we did benefit from the NASA's tax funding relative to what could have been done with that wealth instead but wasn't. We had fantastic benefits from the Space program such as MRI's and CatScans for example. GPS, home i Andy Open Discussion: Economics 2018/09/10
lol Anonymous I Changed My Mind About David Deutsch 2018/09/10
https://en.wikipedia.org/wiki/Immigration_and_Nationality_Act_of_1965 > Immigration and Nationality Act of 1965 > The Immigration and Nationality Act of 1965 (H.R. 2580; Pub.L. 89–236, 79 Stat. 911, enacted June 30, 1968), also known as the Ha Anonymous Open Discussion 2018/09/10
[image] Epstein is so second-handed and/or panders to those who are. He asks about how Objectivism helped people accomplish things *that are recognized by other people with high social status*. That's ir Anonymous Open Discussion 2018/09/10
link for #11132 https://twitter.com/rooshv/status/1039144452722327552 Someone posted mykl's latest Overwatch YouTube video on reddit. mykl wrote the following comment: https://www.reddit.com/r/Competitiveoverwatch/comments/9emp1m/leaking_florida curi Open Discussion 2018/09/10
Amazon Censoring PUA Books curi Open Discussion 2018/09/10
https://daringfireball.net/linked/2018/09/08/app-store-alex-jones > APPLE HAS PERMANENTLY BANNED ALEX JONES’ INFOWARS APP FROM THE APP STORE :( And DF tries to use the authority of Popper to justify it :( Anonymous Open Discussion 2018/09/08
> Why is increasing the spending power of the lower classes not good for everyone? Because, broadly, they aren't the best and brightest, and they would spend it on consumption expenditures instead of future-oriented investments. The masses would ow curi Open Discussion: Economics 2018/09/07
> Surely there is a way to help, problems are soluble right? There are lots of ways to help people, including at a profit. Furthermore, there are lots of ways to prioritize where to direct help. In general, *productive expenditures* make everyone r curi Open Discussion: Economics 2018/09/07
Yeah I don't think force would help. I don't want to discourage risk takers, as a lot of our biggest gains worldwide were at the back of some incredibly risky endevours. Though some of the riskiest huge projects were government funded like the Space Andy Open Discussion: Economics 2018/09/07
If you want high profits to be curtailed, you're taking away the incentive to make risky career decisions to try to achieve high profits, and the incentive for investors to invest in those kinds of companies. Also, there's no way to achieve it other t curi Open Discussion: Economics 2018/09/07
>> I honestly don't know. I don't know if there is a way to incentivize a company to after they are making a certain profit start reinvesting in their employees somehow. It is hard for me to see a minimum wage working anymore. > In general, it's ba Andy Open Discussion: Economics 2018/09/07
> I honestly don't know. I don't know if there is a way to incentivize a company to after they are making a certain profit start reinvesting in their employees somehow. It is hard for me to see a minimum wage working anymore. In general, it's bad t curi Open Discussion: Economics 2018/09/07
> https://www.nakedcapitalism.com/2016/11/can-uber-ever-deliver-part-one-understanding-ubers-bleak-operating-economics.html >> Published financial data shows that Uber is losing more money than any startup in history and that its ability to capture Andy Open Discussion: Economics 2018/09/07
> The primary reason that people drive for Uber is that it helps people relative to not driving for Uber, in their opinion. That's why many Uber drivers stick around. They consider it a better option than their alternatives. You think they are stupid, Anonymous Open Discussion: Economics 2018/09/07
https://www.nakedcapitalism.com/2016/11/can-uber-ever-deliver-part-one-understanding-ubers-bleak-operating-economics.html > There have been hundreds of articles claiming that Uber has produced wonderful benefits, but none of these benefits increase curi Open Discussion: Economics 2018/09/07
https://www.nakedcapitalism.com/2016/11/can-uber-ever-deliver-part-one-understanding-ubers-bleak-operating-economics.html > Published financial data shows that Uber is losing more money than any startup in history and that its ability to capture cu curi Open Discussion: Economics 2018/09/07
https://www.businessinsider.com/uber-leaked-finances-accounts-revenues-profits-2017-2 > repeatedly, leaks of Uber's financial data have shown the company carrying huge losses. Uber doesn't seem to be exploiting workers with huge profit margins, curi Open Discussion: Economics 2018/09/07
The primary reason that people drive for Uber is that it helps people relative to not driving for Uber, in their opinion. That's why many Uber drivers stick around. They consider it a better option than their alternatives. You think they are stupid, b curi Open Discussion: Economics 2018/09/07
Indeed and that's why it has such a high turnover rate. The people who enter these deals get screwed, the Uber CEO keeps getting richer and as soon as the employee realizes that they are getting screwed and leaves, no problem for the business another Andy Open Discussion: Economics 2018/09/07
[image] Anonymous Open Discussion 2018/09/07
[image] https://www.breitbart.com/big-government/2018/09/07/trump-pussy-hat-design-withdrawn-after-gender-furor/ Anonymous Open Discussion 2018/09/07
> So antifa is defensible, but Lauren Southern and Rebel Media are beyond the pale? To this question, the person actually replied beginning with a clear answer: "Yes." curi Open Discussion 2018/09/07
#11112 There are many crucial IRL factors we haven't talked about so far, like the 500,000 ways our governments have come up with to prevent the formation of new businesses and make existing businesses have much lower max $/hr they can pay. Going t curi Open Discussion: Economics 2018/09/07
https://www.youtube.com/watch?v=nuHpp9XsXkE&lc=UgyvZEB8_s2cBjHdFuB4AaABAg.8ku5OfVt77y8kuAdZwnaWO Like Facebook, YouTube permalinks don't actually work. But there's only a few comments so you can probably find it. I responded to a hostile comment wi curi Open Discussion 2018/09/07
> Also, there are ways we could expand the hypothetical scenario, e.g. by having 3 different industries and some workers can only work in one industry and some are multi-talented. Maybe you can already imagine how those changes to the scenario won't m Andy Open Discussion: Economics 2018/09/07
> OK so I guess you don't think a minimum wage is good in these scenarios, right? But you still think it might be good for Uber drivers and some other cases? If so, what are some other aspects of the Uber situation (or Walmart or whatever) that you th Anonymous Open Discussion: Economics 2018/09/06
OK so I guess you don't think a minimum wage is good in these scenarios, right? But you still think it might be good for Uber drivers and some other cases? If so, what are some other aspects of the Uber situation (or Walmart or whatever) that you thin curi Open Discussion: Economics 2018/09/06
So far so good. Yes. Andy Open Discussion: Economics 2018/09/06
> But the minimum wage would interfere if a new company wants to move in and hire another 100 workers but can only do it for less than $50. So if i see that company 1 is only paying $1/hour, I'd be willing to start a business even though I am ineffici curi Open Discussion: Economics 2018/09/06
> OK let's try this. Say there's only one company, the other 19 disappear. It's the one that can pay up to $50/hr and still make enough profit. It hires 100 people, and 700 people have no jobs. > *Maybe* the following happens: The wages it pays are Andy Open Discussion: Economics 2018/09/06
OK let's try this. Say there's only one company, the other 19 disappear. It's the one that can pay up to $50/hr and still make enough profit. It hires 100 people, and 700 people have no jobs. *Maybe* the following happens: The wages it pays are $1/ curi Open Discussion: Economics 2018/09/06
Oh I get a little scattered sometimes. No I was in agreement with you about the scenario of low competition. I can't think, based on the logic we laid out, of a way that creating an artificial minimum wage would not end up screwing those that need it Andy Open Discussion: Economics 2018/09/06
There absolutely is competition for Uber, Facebook, and YouTube. The issue is they are (now, but not originally) winning by a lot. And they reason they're winning is not just about being first movers, e.g. Facebook was preceded by My Space. Also some curi Open Discussion: Economics 2018/09/06
I should mention that I don't think the solution is minimum wage for these issues. I am just thinking about some IRL scenarios in where there is a disconnect from the theory presented. Andy Open Discussion: Economics 2018/09/06
The thing is that there really isn't competition in these new economies. It seems like it's just a matter of who are the first movers and what is popular. There really is not a competition to Uber, Facebook, YouTube. Andy Open Discussion: Economics 2018/09/06
The first factor I see is much higher supply of labor. So I'll start there. Take the scenario with 20 companies but raise the number of workers from 800 to 500,000. What happens? Wages drop to, let's say, $1/hr, and 2000 people are hired. We could curi Open Discussion: Economics 2018/09/06
>So, next step, I suggest you try to come up with ways the this kind of economic logic would not apply. What kind of situations would change things, and then what would the effects be? >Try to come up with *one factor* at a time, so it'll be easier Anonymous Open Discussion: Economics 2018/09/06
#11098 Also, on top of that, as Reisman would point out, the employed workers may have to pay taxes to provide some welfare for the 300 people who are prevented from working. curi Open Discussion: Economics 2018/09/05
Oh also I forgot. About the $80 minimum wage law in the scenario, I'll paste some of my answer about it: A minimum wage of $80/hour would cause 300 workers to be unemployed. Only 5 businesses are able to pay $80/hour or more and remain profitable, curi Open Discussion: Economics 2018/09/05
#11096 Great. I think the scenario went well. So, next step, I suggest you try to come up with ways the this kind of economic logic would not apply. What kind of situations would change things, and then what would the effects be? Try to come up curi Open Discussion: Economics 2018/09/05
#11095 Yes Andy Open Discussion: Economics 2018/09/05
#11094 Yes. OK, backing up I had a concern about this: >> What if the #20 business also expanded to be able to hire up to 400 workers? > Rank 20 can't pay their workers enough to keep them, being able to hire 2x presumably means they could pay t curi Open Discussion: Economics 2018/09/05
> Another new business is created. This businessman invented a really great new product which is easy to make. He's able to offer wages of up to $500/hour for up to 100 workers while still making a 5% return on his capital or higher. What affect does Anonymous Open Discussion: Economics 2018/09/05
#11092 > What do you mean? Like maximum amount someone can bid for labor or a new business that can afford to pay that much I meant the example above: >> Another new business is created. This businessman invented a really great new product w curi Open Discussion: Economics 2018/09/05
> #11090 Great. Can you try some of the questions again then? > With the new $500/hr max bid business, what does the wage rage become for everyone? What do you mean? Like maximum amount someone can bid for labor or a new business that can afford Anonymous Open Discussion: Economics 2018/09/05
#11090 Great. Can you try some of the questions again then? With the new $500/hr max bid business, what does the wage rage become for everyone? With 200 workers entering or leaving, what is the effect on wages? When the #1 business expands to curi Open Discussion: Economics 2018/09/05
> This is incorrect. > The top 8 businesses would all pay $61/hour (or $60.01 if you want to use cents and the numbers are exact to the penny), because at that price the bottom 12 businesses will drop out of the market – they aren't willing to hire Andy Open Discussion: Economics 2018/09/05
#11088 This is incorrect. The top 8 businesses would all pay $61/hour (or $60.01 if you want to use cents and the numbers are exact to the penny), because at that price the bottom 12 businesses will drop out of the market – they aren't willing t curi Open Discussion: Economics 2018/09/05
>Can you figure out, specifically, which businesses would hire the 800 workers and what wages each business would pay each worker that it hires? Assuming full transparency Rank 1 Business would pay $96/hour Rank 2 $95 3$90 4.$85 80 75 70 65 Anonymous Open Discussion: Economics 2018/09/05
Can you figure out, specifically, which businesses would hire the 800 workers and what wages each business would pay each worker that it hires? > Business 6-8 Would go out of business because they can't afford to pay them that much. 300 of the work curi Open Discussion: Economics 2018/09/05
> What optimally happens in a free market, and why? How many workers are hired by which businesses, and what are their wages? What is the unemployment rate? In what ways does *worker need* matter (like the minimum wages needed for a good standard of l Andy Open Discussion: Economics 2018/09/05
OK, great. I think we should go through a more detailed scenario to review the economics more and see if we're on the same page yet. I am currently making educational content related to Reisman's book, (mostly videos), so I'm pasting below a scenario curi Open Discussion: Economics 2018/09/05
#11083 Yes Andy Open Discussion: Economics 2018/09/05
#11082 Ok and do you agree about the first part of #11081 ? curi Open Discussion: Economics 2018/09/05
>Setting aside the world today, do you think the assumptions are *approximately* possible, or that nothing very similar could be possible IRL in any human society? No I think anything is possible barring the laws of physics interfering. So yes it i Andy Open Discussion: Economics 2018/09/05
> Yes but This would require transparency I am not sure is possible I think. Both the employer and the employee need to know what the value of a particular labor market is, As an employee I would have to know what everyone doing my job is getting paid curi Open Discussion: Economics 2018/09/05
>> Well hold on if, if the business can afford to pay them above that minimum wage and make a profit (but smaller) then no they would not take a loss > Either they are worth more than the minimum wage to the business, or else the business would tak Anonymous Open Discussion: Economics 2018/09/05
> Well hold on if, if the business can afford to pay them above that minimum wage and make a profit (but smaller) then no they would not take a loss Either they are worth more than the minimum wage to the business, or else the business would take a curi Open Discussion: Economics 2018/09/05

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