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Progressives are economic retards

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  • for what it's worth boris, i think it's perfectly clear what you are saying.
    "The Christian way has not been tried and found wanting, it has been found to be hard and left untried" - GK Chesterton.

    "The most obvious predicition about the future is that it will be mostly like the past" - Alain de Botton

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    • Again, the filosofer is trying to argue from contextual common sense, and the scientist is trying to make a point about the fundamental nature of the universe.
      In Soviet Russia, Fake borises YOU.

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      • Again, the filosofer is ****ing wrong, and the scientist is ****ing right.
        If there is no sound in space, how come you can hear the lasers?
        ){ :|:& };:

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        • Originally posted by Oncle Boris View Post
          Hey Kuci, I understand the difference between subjective and objective, thank you very much.
          No, you clearly don't. If you did you would be happy to just call the answers "controversial and difficult to know for sure" and be done with it. Instead you dragged us out on a tangent about how it might be appropriate to call hard-to-study features of the objective, physical world "subjective".

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          • Kuci:

            You are committed to a metaphysical stance that is impossible to demonstrate but can be elevated to an internally consistent system.

            Why you would even bother with that in a thread about economy is beyond me. IIRC you were reacting to Asher's point about the "subjectivity" of questions, and Asher's point made sense regardless of vocabulary.

            In the end my objective is fulfilled - I have not debated with Drake.
            In Soviet Russia, Fake borises YOU.

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            • You are committed to a metaphysical stance that is impossible to demonstrate but can be elevated to an internally consistent system.


              I'm committed to a metaphysical stance where I use the plain and obvious meaning of words rather than arcane constructions to try to call things something they aren't!

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              • NO ONE HERE disagrees that the actual consequences of changing the unemployment rate are the same irrespective of the observer. And that's what objectivity means!

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                • NO IT'S NOT! Someone could read objectivity and think you were talking about objects! Language is subjective!
                  If there is no sound in space, how come you can hear the lasers?
                  ){ :|:& };:

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                  • By the way, if the consequences of the minimum wage really are as unknowable as you seem to think, why should we have one? Why should we assume it's any more useful than offering up sacrifices to our chosen deity?

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                    • Hey, those really do work, Kuciwalker.
                      If there is no sound in space, how come you can hear the lasers?
                      ){ :|:& };:

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                      • Originally posted by Oncle Boris View Post
                        Hey, is the weather traded on the market?

                        "The issue is there are still many people out there that use religion as a crutch for bigotry and hate. Like Ben."
                        Ben Kenobi: "That means I'm doing something right. "

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                        • Well I actually read their paper... here's something important that I should have read before the whole argument started:

                          We think it is reasonable to maintain that if a respondent disagrees with the statement “Restrictions on housing development make housing less affordable,” the respondent betrays a lack of economic enlightenment. Challengers might say something like: “Well, not every restriction on housing development makes housing less affordable,” but such a challenger would be tendentious and churlish. Unless a statement in a questionnaire explicitly makes it a matter of 100%, by using “every,” “all,” “always,” “none,” or “never,” it is natural to understand the statement as a by-and-large statement about overall consequences. Do restrictions on housing development, by and large, make housing less affordable? Yes they do. Does free trade lead, overall, to greater unemployment? No, it does not. For someone to say the contrary is economically unenlightened.
                          The authors note the complication of the minimum wage laws:
                          Caveat 1 of 4: Some will take exception to our take on the eight questions,
                          particularly the one about minimum wage laws. We understand that the blackboard model is highly misleading—it eclipses non-wage job attributes, black markets, search intensity, future pay schedules, and so on. These surely mitigate the disemployment effect, but they do not eliminate it. Some will even say that, because of monoposony or coordination problems, minimum wages increase employment, but we judge such arguments to be of dubious plausibility and significance. We think that the basic logic asked by the question is revealed by carrying it to a minimum wage of, say, $20. Unemployment would go up a lot. True, the moderate increases observed and usually discussed produce only small effects in overall unemployment, but they are increases. It still seems to be the case that most economists agree that “minimum wages increase unemployment among young and unskilled workers.”4 Moreover, our remarks arguably find indirect support by responses given by economists who signed a “raise the minimum wage” petition.5 But most importantly, take out the question and our results still hold up. Our basic results do not depend on including the minimum wage question.
                          And they admit the implicit bias of the questions:
                          Caveat 2 of 4: We acknowledge a shortcoming about the set of economic
                          questions used here, and a corresponding reservation. None of the questions
                          challenge the economic foibles specifically of “conservatives,” nor of "libertarians,”
                          as compared to those of “liberals”/“progressives.” It would have beengood, for example, if a question had asked about negative consequences of drug prohibition, or the positive consequences of increased immigration from Mexico. We doubt, however, that any partisan aspect of the questions much upsets our interpretations—for reasons to be discussed once the findings are laid out.-
                          In addition, there are many other variables they compared. For example, did you know:

                          Asians get only 2.58 wrong on average while Blacks get 4.26 wrong on average.

                          That evangelicals get less wrong on average than non-evangelical Protestants.

                          Those that attend church more than once a week (2.34 wrong); those that never attend church (3.81 wrong).

                          NASCAR fans get more correct than non-fans.

                          Men get more correct than women.

                          Who wants to make a thread about how Blacks are economic retards? Or that Nascar viewership is associated with economic enlightenment? Or that Evangelic Christians are the smartest people in the US when it comes to economic matters?
                          "Flutie was better than Kelly, Elway, Esiason and Cunningham." - Ben Kenobi
                          "I have nothing against Wilson, but he's nowhere near the same calibre of QB as Flutie. Flutie threw for 5k+ yards in the CFL." -Ben Kenobi

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                          • You have to first disentangle all of those from the other factors.

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                            • Originally posted by Kuciwalker View Post
                              economy : weather :: basic principles of economics : Newtonian mechanics
                              We'll all be happy when you get past the basics.
                              I drank beer. I like beer. I still like beer. ... Do you like beer Senator?
                              - Justice Brett Kavanaugh

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                              • It's evident by this thread those with the most limited understanding of economics. Drake gets first prize.
                                I drank beer. I like beer. I still like beer. ... Do you like beer Senator?
                                - Justice Brett Kavanaugh

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