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I’m Just Now Realizing How Stupid We Are

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81–90 of 111 posts

Re: I’m Just Now Realizing How Stupid We Are

#81

>I've learned that strong political beliefs in either direction limit your ability to make rational decisions more than almost anything else. Strong political beliefs in any direction, not either direction. This complaint also relies on the fictional 'rational decision about a political issue' vs. 'political decision' distinction, where your opponent is always "playing politics", but you're always simply being empiri…

>I've learned that people's expectations grow faster than their wealth. The country is richer than it's ever been. I don't think it's as happy as it's ever been.

Not in the median it isn't.

Your claim is that median wealth has in some meaningful sense decreased in the United States during my lifetime of just more than half a century. Because of various family circumstances and my own career choices, I have generally been below the United States median in income much of my working life, and have always been below the United States median in financial assets or possession of land and real property. And yet I have every reason to believe the author's claim that "The country is richer than it's ever been," and not just for the fat cats, but for me too.

For one thing, we have this newfangled Internet technology that allows you and me to have a thoughtful discussion while shattering barriers of distance. Having once lived overseas when my only affordable means of communication with my homeland was postal aerograms, I count this as a HUGE increase in wealth, which is certainly enjoyed by most at-or-just-below median people in most developed countries. (I communicate with friends and relatives from a variety of countries online every day.)

So I call baloney on your assertion. But perhaps you have evidence that will convince to change my opinion. Discussing this issue thoughtfully will also make both of us richer than we used to be, so I am all ears.

AFTER EDIT: You do make a good point that political opinions can (and do) differ along more than one dimension. There are many, many different kinds of political opinions, including many that are inconsistent with other opinions held by the same person.

Re: I’m Just Now Realizing How Stupid We Are

#82

I disagree with this one: I've learned that Winston Churchill was right when he said, "You can always count on Americans to do the right thing -- after they've tried everything else." Congress is a basket case 99% of the time, but when things are truly at the precipice it gets things done. The "right" thing is pretty subjective, and I would argue that if we were doing the "right" things, we could have avoided a parti…

The government shutdown had nothing to do with defaulting on the US debt. That debt isn't a huge portion of the budget, it has to do with reigning in spending - the cause of the debt.

Re: I’m Just Now Realizing How Stupid We Are

#83
post #6

> I've learned that how you reacted to past bubbles is a good indication of how you'll act to future ones. The same people buying dot-com stocks in 1999 were buying Miami condos in 2006 and gold in 2011. There was a saying that emerged in the first .com boom -- "You know we're in trouble when the UPS guy is giving you Internet stock tips." Maybe we should ask the UPS guy every few months what he's excited about inves…

[deleted]

Re: I’m Just Now Realizing How Stupid We Are

#85

"I've learned that journalists' need to write far exceeds the number of things that need to be written. No writer can say to their boss, 'There's nothing important to write about today,' although it is the truth most days." These words should be inscribed at the top of HN's "submit" page.

This is perhaps doubly true for financial news and CNBC.

...make that most news now that I think about it. I can't remember the last time I saw an article on CNN that was actionable in my life in any way. Not sure why I bother to read the news most days, although it still feels like a useful thing to do.

Re: I’m Just Now Realizing How Stupid We Are

#86
post #69

Earlier quoted context omitted.

Do you mean that congress and the executive branch should delegate? If so they largely do in the form of think tanks, policy centers and research groups like RAND. I know that there are a lot of big decisions that came from those organizations, one of the best examples of this is Team B [1] [1] http://en.wikipedia.org/wiki/Team_B

Then why do I keep seeing Senate committee hearings where the Congress representatives are completely uninformed and challenge the people that come to speak to them? (about climate change, how the internet works, etc.)

Because it is a show?

Re: I’m Just Now Realizing How Stupid We Are

#87
post #20

Every one of those observations sounds extremely true to me. Regarding the first one: "changing your mind is one of the most difficult things we do" -- changing our mind is almost impossible; changing other people's is down right impossible. BUT - It's possible to influence people before they have made up their mind. - It's also possible to reframe / rename / re-position a subject, so that it becomes a new category a…

If you look at the author's profile you also realize that maybe he should reflect more on what he just wrote. I am referring to his ownership of tobacco company stocks (MO and PM). Is it really a good idea to own tobacco companies even if one is amoral about investing, esp. in light of what the author said about long term thinking?

Re: I’m Just Now Realizing How Stupid We Are

#88

>I've learned that strong political beliefs in either direction limit your ability to make rational decisions more than almost anything else. Strong political beliefs in any direction, not either direction. This complaint also relies on the fictional 'rational decision about a political issue' vs. 'political decision' distinction, where your opponent is always "playing politics", but you're always simply being empiri…

From my experience when someone deems themselves above "extremist politics" they're someone who doesn't have to worry every day about the issues affecting those they're wagging their finger at. The single word "either" betrays the presumption that one can place themselves "in the center" as a rational "referee" of sorts -- to use your word, this is a "fiction." Looks like this fellow has some more to learn.

Human socialization and socially constructed systems of inequality makes it impossible to be impartial about an issue -- everyone is within the issue. For example, the rich can not fully know what livelong poverty is like. Us men can not full know what being female is like in society since birth. And so on...

Re: I’m Just Now Realizing How Stupid We Are

#89

"I've learned that journalists' need to write far exceeds the number of things that need to be written. No writer can say to their boss, 'There's nothing important to write about today,' although it is the truth most days." These words should be inscribed at the top of HN's "submit" page.

I actually disagree with this point. There are always topics that could stand to be exposed or revisited. I wish the media would keep certain topics continually in the public awareness, rather than covering them dot a while and moving on to the next shiny or scary thing (and thereby playing into the hands of those who would rather some issues be forgotten). Stuff like the progress of healthcare.gov, preliminary study results that turn out to be premature, ongoing issues like human trafficking, etc.

Re: I’m Just Now Realizing How Stupid We Are

#90
post #80
post #20

Every one of those observations sounds extremely true to me. Regarding the first one: "changing your mind is one of the most difficult things we do" -- changing our mind is almost impossible; changing other people's is down right impossible. BUT - It's possible to influence people before they have made up their mind. - It's also possible to reframe / rename / re-position a subject, so that it becomes a new category a…

Regarding the first one: "changing your mind is one of the most difficult things we do" -- changing our mind is almost impossible; changing other people's is down right impossible. Eh, I did a lot of therapy. We can change our own minds. It takes work and it is hard but it is not "almost impossible." Perhaps the second is true. If so, that would explain a lot of my frustrations. I would like to think it is not true a…

How many therapists does it take to change a lightbulb?

Just one, bit the lightbulb has to want to change.

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