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Mon Apr 21 19:27:21 UTC 2014  <mircea_popescu>   two hours ago i said i suspect i'm weeks away from a major breakthrough in economics.

Mon Apr 21 18:31:19 UTC 2014  <mircea_popescu>   I would like to record here (so people get off my back) that I do not belong to the so-called "Austrian School" of economics, in spite of a few similar positions on bailouts and bottom-up systems. I believe in mathematical statements. But if I were to belong to a school of thought designated by a nationality, the {NATIONALITY} SCHOOL of {DISCIPLINE} it would be the Russian school of probability.

Mon Apr 21 04:02:02 UTC 2014  <BingoBoingo>   benkay: The economic grabass in the US will probably follow from this and the already documented economic malstructuring

Thu Apr 17 16:57:25 UTC 2014  <mrstickball>   I wish all hiring was that easy. But its not, and that's why I think regulation/compliance is such a huge cogwheel in the American economy.

Thu Apr 17 16:40:39 UTC 2014  <mrstickball>   regulatory burden ensures that larger businesses / those with access to more capital can reduce their burden and utilize economies of scale to leverage better positions against the small business and poor

Thu Apr 17 16:38:00 UTC 2014  <mrstickball>   we have more regulations on our economy (and tax code) than at any point in history

Thu Apr 17 16:35:29 UTC 2014  <mrstickball>   its arguing about economic inequality without looking at a lot of underlying factors

Thu Apr 17 16:34:36 UTC 2014  <mrstickball>   he's reviewing a book that takes a very dim view of economics which is typical for Keynesians

Thu Apr 17 00:56:50 UTC 2014  <ozbot>   FuckedCompany.com - Official Lubricant Of The New Economy

Wed Apr 16 19:40:54 UTC 2014  <wywialm>   benkay, true, but this is a source of rigidity which will impact the real economy

Wed Apr 16 19:22:00 UTC 2014  <wywialm>   agreed, but this effect can be really harmful in a much more developed economy, with credit, net of contracts, many competitors on a single markets

Wed Apr 16 19:21:23 UTC 2014  <bitcoinpete>   so under such conditions, the economy is filtered for value

Wed Apr 16 19:04:35 UTC 2014  <wywialm>   i happen to agree with you, especially considering bitcoin deflation argument, but if so, wouldn't e.g. printed-money-spending benefit economy as well in some cases?

Wed Apr 16 19:03:30 UTC 2014  <asciilifeform>   nah, only the money of saints benefits economy

Wed Apr 16 19:03:11 UTC 2014  <wywialm>   jurov, do you believe spending of criminals will benefit the economy?:)

Wed Apr 16 18:55:55 UTC 2014  <wywialm>   so we could analyse economic impact of bitcoin being money, either now or some time later

Wed Apr 16 18:53:19 UTC 2014  <wywialm>   bitcoinpete, legalistically, yes, but property and land could be money in economic terms

Wed Apr 16 18:30:23 UTC 2014  <wywialm>   bitcoinpete, we try to abstract from them now. Without this tool no economic analysis would be possible

Wed Apr 16 18:28:31 UTC 2014  <bitcoinpete>   wywialm: monetary effects don't exist in isolation. nothing does. and least of all in economics

Wed Apr 16 18:20:17 UTC 2014  <wywialm>   in the same way we could call some forms of governments net negative on the economy

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