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  1. T

    Yet another fast food worker strike

    Try picking one up and spending some quality time with it, and you might be surprised.
  2. T

    Yet another fast food worker strike

    You do not need absolute advantage, just comparative. Each and every country has comparative advantage in the production of something. It's a mathematical necessity. And it can be easily shown that specialization in that (and trade) is what brings about the best equilibrium for both parts...
  3. T

    Oscar Pistorius : Not Guilty

    Actually, the jury is composed mostly of professionals in a wide majority of western world's judicial systems.
  4. T

    France to form new government

    Completely different demographics. Take GDP/capita for both periods and you'll see very different pictures for most areas.
  5. T

    Yet another fast food worker strike

    It is not. If you are interested, pick up any manual on International Economics (a basic one suffices and might actually be better) and you'll learn why.
  6. T

    High temperatures with Corsair H90. What could be wrong?

    By bracket you mean the plastic profile behind the motherboard? Would Corsair likely send me a new one if I ask for it or should I send back the whole unit?
  7. T

    High temperatures with Corsair H90. What could be wrong?

    Yes, HWMonitor says CPU is running at 3.5 I am stressing it via terminal command yes (it is a hackintosh), but if I boot into Windows and run Prime95 I get the same temperatures. I notice most reviews use the radiator as intake, while I am running it as exhaust. But can it really make a...
  8. T

    High temperatures with Corsair H90. What could be wrong?

    So, I assembled a system using a 4770k CPU and using a Corsair H90 as cooler. I had very, very good previous experiences with AIO water coolers and was expecting a lot from this 14cm cooler... but I am seeing temperatures quite higher than what any review online reports. My system idles with...
  9. T

    California school can ban US flag.

    You don't need inferences based on colors on a cute map when you have actual numbers. If anything in Europe the number of immigrants correlates with per capita income (though this is of course due to simultaneous causality). Also, from your very article: Another caveat is that people in...
  10. T

    California school can ban US flag.

    Scandinavian countries actually have among the highest percentages of immigrant population in all of Europe.
  11. T

    Meanwhile in Venezuela

    This is not correct. Venezuelans’ quality of life improved at the third-fastest pace worldwide and income inequality narrowed during the presidency of Hugo Chavez, who tapped the world’s biggest oil reserves to aid the poor. Venezuela moved up seven spots to 73 out of 187 countries in the...
  12. T

    Canada back to a Balanced Budget.

    The United States freely contributed to its drafting and then signed it.
  13. T

    Coerced birthcontrol shots for those on welfare legal?

    No, I am trying to explain to you that you ignore the interaction between regressors. It is not economic thinking that you should transfer, just the mechanisms of statistical inference (which in fact don't even need to be transferred, they are actually the same). Both genetics and the...
  14. T

    Coerced birthcontrol shots for those on welfare legal?

    I am an economist. I have a very, very deep understanding of the mechanisms underlying statistical inference. You maybe do not. It is not that it does not necessarily have to be, it just happens that it is an acquired result, that we then need to use in related inferences in order to reach...
  15. T

    Coerced birthcontrol shots for those on welfare legal?

    Correct. Dogs are not known to read novels. Dogs' intelligence is way less influenced by environment than humans'. It does not mean that. You wished it did, because you support extreme racism, but that does not make it true. The coefficients posted above told you how much intelligence is...
  16. T

    Canada back to a Balanced Budget.

    Actually it is. Universal Declaration of Human Rights - Article 25. (1) Everyone has the right to a standard of living adequate for the health and well-being of himself and of his family, including food, clothing, housing and medical care and necessary social services, and the right to...
  17. T

    Coerced birthcontrol shots for those on welfare legal?

    Chromosomes are not a function of experiences. IQ is (directly and through positive feedback mechanisms).
  18. T

    Coerced birthcontrol shots for those on welfare legal?

    No, it isn't.
  19. T

    If you're afraid of heights, come on in!!

    Well, no. Any intermediate rock climber could ascend that kind of structure literally blindfolded.
  20. T

    New York City Opera closure

    As a fellow opera lover spending most of my time in New York City, I do join you in your mourning. However, the MET is too much competition for any other opera house. I know their programs were very different, but even in a large metropolis like NYC the audience for musica colta is only so...
  21. T

    Dumbest thing you've said recently

    "Wood has been around for awhile". It certainly has... (I meant in ski production...)
  22. T

    If you're afraid of heights, come on in!!

    Scary. But no skill required. As opposed to... http://www.youtube.com/watch?v=Phl82D57P58 ...this guy, whose accomplishments are tremendous both from a technical and physical perspective.
  23. T

    Coerced birthcontrol shots for those on welfare legal?

    It's more complicated than that... Heritability measures in infancy are as low as 0.2, around 0.4 in middle childhood, and as high as 0.8 in adulthood. One proposed explanation is that people with different genes tend to reinforce the effects of those genes, for example by seeking out different...
  24. T

    Coerced birthcontrol shots for those on welfare legal?

    This is not correct. Both genetics and environment have dramatic effect in determining the adult level of IQ. In fact last time I read about it the consensus was environment was by far the most important factor. A genius is by definition an outlier, that usually needs both factors to align...
  25. T

    Obama's legacy so far (2008-2013)

    As I wrote in the topic about monetary policy, it's not their fault. The media do a terrible job at presenting these topics (I suspect because they don't understand them themselves) and politicians are even worse. It's to be expected people are confused. To be fair, even economists are not...
  26. T

    Obama's legacy so far (2008-2013)

    It does not make much sense to talk about fiscal budgets in a vacuum. It all depends on the phase of the business cycle you are in. You want fiscal deficits when you are in a contraction or in the immediate aftermath of a recession. The important thing is that you then have surpluses in the...
  27. T

    Coerced birthcontrol shots for those on welfare legal?

    When you are dealing with human life talking averages does not make any sense, unless you are 12. I also believe you think intelligence is much more genetics-determined than it actually is. Growing up I had a friend who was the son of gypsies. His parents were basically illiterate. The guy...
  28. T

    Could you live without TV?

    No TV since 2002. P.s. The reason why people who don't have television tend to say it very soon after you meet them is often because they soon do not get some pop culture/television show reference and immediately make people know they should not assume everybody understands these. At least...
  29. T

    Bernanke Leaves Fed with Record Balance Sheet of 4.1 trillion

    I'll elaborate a little. The economy has quite a few positive feedback mechanisms. For example, as soon as you hit negative inflation rates investments fall, as credit becomes more expensive to maintain in real terms. This feeds back creating more deflationary pressure (and worsens employment...
  30. T

    Bernanke Leaves Fed with Record Balance Sheet of 4.1 trillion

    I think you should have a look at an annualized monthly inflation rates table such as this: http://www.usinflationcalculator.com/inflation/historical-inflation-rates/ There is way more volatility than you think. We are not talking about 0.1% differences. We are talking about going from 5.6% to...
  31. T

    Bernanke Leaves Fed with Record Balance Sheet of 4.1 trillion

    Check a graph of quarterly inflation data. See how often you are one, two or sometimes even five percentage points off target. It is radically different to have two points of buffer before you hit deflation, and it also changes dramatically the way you need to react to off-target readings. My...
  32. T

    Bernanke Leaves Fed with Record Balance Sheet of 4.1 trillion

    Targeting zero would be simply reckless. In fact quite a few economists think we are already taking too much risk with such a low target.
  33. T

    Planning Trip to Italy - Need some advice and suggestions!

    Also, I advise against visiting 5 terre right now. Because of the very particular geological situation they have, they have been hit very hard by the floods/landslides/storms that the country has experienced in the last two months and a lot of roads/railways/paths are blocked.
  34. T

    Planning Trip to Italy - Need some advice and suggestions!

    Are you sure it was gypsies (who are Romanian) in the train station? I am curious as I have never seen this. I do see quite often north or western African immigrants in the Florence or Milan stations helping foreigners or old people with the kiosks hoping they will then give them an euro or two...
  35. T

    Bernanke Leaves Fed with Record Balance Sheet of 4.1 trillion

    You might want to read about the securitization process, and what role is played by the special purpose vehicle. The owners of the final MBSs only own right to the financial fluxes generated by the security.
  36. T

    Dylan Farrow slaps Woody Allen around

    I am not sure an indicator of what, given the tremendous variety of people on that list from basically every socio-ethnic-national perspective. I also know quite a few people who supported that petition and are neither uninformed nor supportive of pedophilia.
  37. T

    Bernanke Leaves Fed with Record Balance Sheet of 4.1 trillion

    The FED has bought property? P.s. Just curious: what could you print money out of, instead of thin air? I always found this expression fascinating...
  38. T

    Bernanke Leaves Fed with Record Balance Sheet of 4.1 trillion

    Yup. Really. If you are really interested in the subject read: Jordi Galì, Monetary Policy, Inflation and the Business Cycle It's not his fault. The generalist media has absolutely no clue and has been construing a totally distorted narrative on these topics for years now. It does not...
  39. T

    Dylan Farrow slaps Woody Allen around

    But if that's the case, you would conclude the entire who's who of cinema on both sides of the Atlantic is a bunch of pedophiles... The fuss is about the artist, not the man. Being a pedophile did not make Nabokov any less an outstanding novelist, just like being anti-Semites did not...
  40. T

    Bernanke Leaves Fed with Record Balance Sheet of 4.1 trillion

    That is not pumping money in real estate. To implement quantitative easing has to buy some asset releasing at the same time liquidity. You can do it on any asset: short-term sovereign bonds, asset backed securities, longer term fixed income instruments, or anything else you might think of. The...
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