Viewing profile — mech1234

Try not to confuse the Federal Reserve (the Fed) with the Federal Government.

1. Below is a summary of evidence that UBI reduces employment. The reductions of working hours are substantial, even in studies widely spun as "no change". Below that is also HN de…

Reserve requirements are typically made more stringent while the economy is doing well. The history of these changes by the Fed is available at the link below. https://www.federalr…

Take note that your state of residence may or may not have done the same.

Your argument can be extended infinitely. It's pretty easy to understand that Tesla (and any other assembly plants that fit in this window) is simply getting special treatment here…

It is not delaying the inevitable. There will be many profitable restaurant businesses who find their business lacking liquid cash over the next few months. Being thrown a credit l…

Spreading the problem out over a long period of time keeps the company in business. It's a no-brainer good idea for the SBA to do this. Not sure what you would prefer instead.

Typically, For every dollar a bank "keeps" in your bank account, they are allowed to loan out some fraction of the dollar. Let's say that this is usually 90 cents. The amount of ca…

There is a large risk of inflation under UBI. You cannot make an honest argument about UBI without accepting this risk. 1. On the margin, UBI reduces employment and production. Thi…

The zero reserve requirements are intended to prevent the problems caused by a potential bank run. Once the economy is running smoothly again, reserve requirements will be made mor…

Bokeh is both a feature and a bug. I kinda figure if cameras never had bokeh we would never miss it.

If you think the median american had more disposable income in 1940 than today, you are hilariously uninformed. https://fred.stlouisfed.org/series/DSPIC96 (only goes back to ~1960,…

What mechanism other than litigation and the consumer protection bureau do you think should enforce against false advertising? How much resources should be expended to fight it? Do…

There's only 3 confirmed cases of the virus in Ohio. UD is being very proactive here.

I think punishing or firing the employees is appropriate. It is often, but not always, also appropriate for those employees to have criminal punishments imposed on them. I suppose …

Don't those unlimited plans state that data may be throttled, etc? Unless you cite a specific example it's pretty tough to argue against. To argue against your theoretical case: If…

Advertising fraud is already illegal. The situations where case law dictates what is illegal are varied and nuanced. As a side note, there are many categories of claims that fall i…

In matters of life and death, being careful is important. Taleb and others have a lot to say about tail risk, and coronavirus looks like a large tail risk to me. If I were a reside…

You are claiming that the masks are useless. They are not. They have some effectiveness, and that effectiveness is limited. This is well-understood. Aerosol-based transmission is w…

The most interesting bit of misinformation that I've seen develop is the claim that N95 masks do not help when you are in public, despite the fact that they factually do help. The …

Trump runs huge deficits during boom times. He'll probably run even huger deficits during bust times.

I really don't understand the appeal of dutch ovens for most home cooks. How is it better than a cheap roasting pan? ie. https://www.amazon.com/Granite-Ware-18-Inch-Covered-Roaster…

A race to the bottom seems like it is a pretty good thing in this case. People are reasonably well-informed of the difference between the different levels of seating. To pretend ot…

Air travel got way cheaper and more popular over the last two or three decades. Some of this is deregulation and technological innovation enabling lower fuel costs. Much more of th…

In Economics, secular essentially refers to long-term trends regardless of boom-and-bust business cycles. The focus is on the long term. In the context of economics it has nothing …