How are people reading timing and schedule for major institutions near their area?
Ask HN: What are you reading to make sense of the economy?
21–30 of 313 posts
Re: Ask HN: What are you reading to make sense of the economy?
#22The blogs and articles of John Kay and Niall Ferguson. The Financial Times too.
Re: Ask HN: What are you reading to make sense of the economy?
#23Things Hidden Since the Foundation of the World by René Girard.
Re: Ask HN: What are you reading to make sense of the economy?
#24The Normal Economy Is Never Coming Back - https://foreignpolicy.com/2020/04/09/unemployment-coronaviru...
Indeed. This reminds me of what I've read about WWI -- and the fall of several monarchies. We don't have many monarchies now -- but the old world order is changing.
Re: Ask HN: What are you reading to make sense of the economy?
#25The only school that has any explanation for this is the Austrian School of Economics. Their theory of the business cycle is the reason they successfully predict every crisis to the tee (except for timing, no one can do that), while other economists are just blown away in surprise that it even happened. Mises and Hayek wrote big and hard to read books about it, but two that explain this to the layman are "Meltdown" b…
1) Steal manhole cover
2) Sell to junkyard for drugs
3) Take drugs whilst waiting for it to be replaced
4) Repeat
Re: Ask HN: What are you reading to make sense of the economy?
#26For general principles, I recommend
https://www.amazon.com/Principles-Economics-7th-Gregory-Mank...
I started with vulgarisation but it didn't lead me very far. This is a reference textbook used by economics students around the world. It's surprisingly entertaining and teaches you the basic concepts of macro and micro economics.
Re: Ask HN: What are you reading to make sense of the economy?
#27Definitely Keynes. Much of the fundamentals hasn’t made much sense earlier, but it does now.
Re: Ask HN: What are you reading to make sense of the economy?
#28The only school that has any explanation for this is the Austrian School of Economics. Their theory of the business cycle is the reason they successfully predict every crisis to the tee (except for timing, no one can do that), while other economists are just blown away in surprise that it even happened. Mises and Hayek wrote big and hard to read books about it, but two that explain this to the layman are "Meltdown" b…
> Their theory of the business cycle is the reason they successfully predict every crisis to the tee (except for timing, no one can do that), while other economists are just blown away in surprise that it even happened.
A prediction without timing is no prediction at all.
Re: Ask HN: What are you reading to make sense of the economy?
#29Capital - Piketty
Re: Ask HN: What are you reading to make sense of the economy?
#30The only school that has any explanation for this is the Austrian School of Economics. Their theory of the business cycle is the reason they successfully predict every crisis to the tee (except for timing, no one can do that), while other economists are just blown away in surprise that it even happened. Mises and Hayek wrote big and hard to read books about it, but two that explain this to the layman are "Meltdown" b…
A very simplified version of Austrian economics boom and bust cycles would be that central banks provides money too cheaply which leads to non productive investments resulting in a first a boom and then a bust when those investments don't pan out. Worth noting is that empirical evidence for this is slim at best. I think a better explanation for the 2008 crisis is that commercial banks mismanaged risk of mortgage backed securities. And I have a hard time seeing the current crisis having anything to do with cheap money