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Mon Sep 22 23:06:26 UTC 2014  <Dimsler>   then %40 of the economy in russia was blackmarket

Mon Sep 22 23:00:04 UTC 2014  <JuliaTourianski_>   +Dimsler tribalism maybe, this is the first time I think anarchy could work on a large scale becuase the blockchain offers a very practical set of tools for operating economy, trade, legal systems etc, in a trustless fashion. so I got obsessed ye.

Mon Sep 22 22:33:42 UTC 2014  <Dimsler>   mmm austrian school of economics

Mon Sep 22 19:32:21 UTC 2014  <The20YearIRCloud>   I don't hear many good things from guys i've known who have gone to romania. (Specifically comments about money/economics)

Mon Sep 22 19:21:01 UTC 2014  <The20YearIRCloud>   US is huge ,and hard to understand. The economy of my state alone is extraordinarily complex

Mon Sep 22 19:20:32 UTC 2014  <mircea_popescu>   The20YearIRCloud if that's true, which it could be depending how you define "economy", then the country is a lot more stable than it looks

Sat Sep 20 20:51:35 UTC 2014  <decimation>   moriarty earlier said that such an attitude is 'simplistic' - after all, how can these people (economists, programmers, students) have so many papers and have said nothing?

Sat Sep 20 20:07:58 UTC 2014  <mircea_popescu>   moriarty no, because the us is getting screwed in its imaginary economic war.

Sat Sep 20 20:06:28 UTC 2014  <mircea_popescu>   no, in terms of who gets flattened by an economic war

Sat Sep 20 20:05:15 UTC 2014  <moriarty>   mircea_popescu, economic aggression can be just as painful

Sat Sep 20 20:02:45 UTC 2014  <moriarty>   its aggressions are all economical so far

Sat Sep 20 20:00:25 UTC 2014  <moriarty>   china has economic might not military clout

Sat Sep 20 17:41:35 UTC 2014  <bounce>   you know, social sciences. contemporary economics. that sort of thing.

Sat Sep 20 17:33:41 UTC 2014  <moriarty>   decimation, economic models are much like scientific models, or any models for that matter, they are inapplicable to reality without an overdose of simplifying assumptions to linearise what would otherwise be a higher dimensionality reality

Sat Sep 20 17:32:42 UTC 2014  <decimation>   economists too can be made to wash windows

Sat Sep 20 17:31:19 UTC 2014  <decimation>   all these models. here's some real economists discussing how inappicable almost all economic models (sets of assumptions) are to reality: http://www.econtalk.org/archives/2014/09/paul_pfleiderer.html (it's a podcast with transcript mircea!)

Sat Sep 20 17:17:41 UTC 2014  <moriarty>   mircea_popescu, the value in the set may be so economically, but socially? you attain more value by going for the unattainable

Sat Sep 20 15:40:52 UTC 2014  <moriarty>   mircea_popescu, finance or economics, is closely linked to the political nuances of a country, so whenever one reads journals by personalities like Paul Krugman, nobelist though he may be, i always read it keeping in mind his political proclivities

Sat Sep 20 15:38:49 UTC 2014  <mircea_popescu>   in point of fact, there exists no intellectualy respectable economist outside of buffett that lived in the 2nd part of the 20th century.

Sat Sep 20 15:38:31 UTC 2014  <mircea_popescu>   and the argument that taleb is "popularizing" brought by butthurt but otherwise worthless "statisticians" in their own estimation neatly mirrors the same criticism brought by "economists" in their own estimation re buffett.

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