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  • Member, Swaye's Wigwam Posts: 7,287 Swaye's Wigwam

    Not if you know how to do science :wink:

    Seriously though, they are different degrees(at UW). The BS is a lot more rigorous and you have to do a lot of actual maths and such. It's why I get paid to science stuff. With a BA I would have probably had to go get a Masters to do anything with like many of my friends who partied a little more in the BA program.

    [The Bachelor of Science with a Major in Economics emphasizes the study of mathematics and quantitative techniques along with economics. The course of study requires a more intensive background in math and statistics, reflecting the quantitative character of modern economics. This program provides preparation for employment in technical and scientific areas and is appropriate for graduate studies in economics and related fields such as statistics, mathematics and finance.]

    UW Economics Department stuff

    p.s. my credentials aren't all that astonishing or important when I'm just reciting what is pretty common Economics pablum. It's like talking about supply and demand. I don't really need to be an expert. I can just appeal to a higher academis authority in the field.
    Copy that. I was feeling ripped off but then you mentioned math. Now I just feel dumb.
  • Member Posts: 48,103
    edited June 2018

    An article explaining some of this

    p.s. My knowledge of economic history isn't from youtube. It's from my BS in Economics from UW and from the time I've spent doing economic reading/research. Far greater economists than me have these opinions valid hypotheses backed by data. I'm just attempting to find things that are more entertaining than reading dry ass academis research papers for the rest of you.
    Posting tits and ass pics is always an acceptable alternative.

  • Moderator, Swaye's Wigwam Posts: 37,314 Founders Club
    Swaye said:


    As History major who was told there would be no maff, I still had to take a couple of maffey related courses to graduate. One was I think Macro 101 and the other Astronomy 101. It was hard but I think I got passing grades. Now I am a pour.
  • Member Posts: 56,839

    WWII ended the Depression. Not the New Deal. We can all agree upon this.

    That said, even if it was not necessarily the best economic approach, it was still a political necessity. And long term, there's still a lot of long term benefit from legislation like SS, FDIC.

    And for Christ's sake, we can not forget the god damned damns. W/o Grand Coulee, Bonneville, and TVA, WWII takes a lot longer to win- i.e., no cheap and readily available electricity for aluminum and uranium/plutonium enrichment.
    The dams are the biggest poont in FDR's favor IMO. Not only did they greatly aid the war effort, they've paid for themselves many tims over in (mostly) clean energy since then.

    The environmental impact upon construction was obviously huge, but hydro power is nails after that.
  • Member Posts: 61,516 Standard Supporter
    On the other side, FDR's war-era wage controls begat the mess of the health industry.
  • Moderator, Swaye's Wigwam Posts: 37,314 Founders Club
    dnc said:

    The dams are the biggest poont in FDR's favor IMO. Not only did they greatly aid the war effort, they've paid for themselves many tims over in (mostly) clean energy since then.

    The environmental impact upon construction was obviously huge, but hydro power is nails after that.
    THANK YOU! Finally, someone around here gets it about the damned damns!
  • Moderator, Swaye's Wigwam Posts: 37,314 Founders Club

    On the other side, FDR's war-era wage controls begat the mess of the health industry.

    Truth! Health care connected to employer run plans is one of the biggest fucking blunders this country ever committed.
  • Member, Moderator, Swaye's Wigwam Posts: 114,057 Founders Club

    WWII ended the Depression. Not the New Deal. We can all agree upon this.

    That said, even if it was not necessarily the best economic approach, it was still a political necessity. And long term, there's still a lot of long term benefit from legislation like SS, FDIC.

    And for Christ's sake, we can not forget the god damned damns. W/o Grand Coulee, Bonneville, and TVA, WWII takes a lot longer to win- i.e., no cheap and readily available electricity for aluminum and uranium/plutonium enrichment.
    I have had a lot of arguments with people who don't agree with that. We are still having that argument - Obama and Bush's stimulus versus RR or Trumps tax cuts and deregulation
  • Member, Moderator, Swaye's Wigwam Posts: 114,057 Founders Club
    And - some public works are more awesome than others

    Obama's stimulus was supposed to go to jobs. I know for a fact that Washington state canceled construction projects and used the cash for pensions and unions
  • Moderator, Swaye's Wigwam Posts: 37,314 Founders Club

    I have had a lot of arguments with people who don't agree with that. We are still having that argument - Obama and Bush's stimulus versus RR or Trumps tax cuts and deregulation
    Well, those guys are wrong. BUT we can never really know for sure, because it happened and then we had nearly 3 decades of growth thereafter, a lot of which was caused by factors that we would be hard pressed to replicate these days. I still believe to this day, that Reagan's tax cuts were sound economic policy for that moment in history. People forget that in 1981 the personal savings rate was like 10% in the country so we borrowed most of that money by ourselves. But deficits did grow under his watch which in my view set the bad precedent that they don't matter. We should have done better in the early 2000s.
  • Member, Swaye's Wigwam Posts: 18,172 Founders Club
    dnc said:

    The dams are the biggest poont in FDR's favor IMO. Not only did they greatly aid the war effort, they've paid for themselves many tims over in (mostly) clean energy since then.

    The environmental impact upon construction was obviously huge, but hydro power is nails after that.
    Managing WW2 is probably his biggest poont but that's not eco-nomics.
  • Member Posts: 56,839

    Managing WW2 is probably his biggest poont but that's not eco-nomics.
    Yeah I was talking about his economic policy. I'm not WWII scholar enough to make huge assertions about FDR's handling of the war effort but as far as I can tell it was mostly positive, fencing in all the Japs aside.
  • Member, Swaye's Wigwam Posts: 18,172 Founders Club

    Look, I love Friedman as much as any So Cal, Brooks Brothers, Young Republican. And I don't disagree with his critiques of the flaws in how SS was designed. My point is more along the lines that in a country such as ours, it's good public policy to ensure that old people have some base level of income when they can't work anymore. And there's not really a way to accomplish this goal other than some form of "mandatory" savings through taxation (even if current retirees are paid by taxation of current workers). Americans by their nature abhor the concept of wealth transfers, so really the only way sell SS to the voters was the idea that we all pay in and we all get something out upon retirement age, regardless of our financial situation at that time. A "needs based" plan would never have been feasible politically speaking.
    I'm actually alright with transfer payments assuming the government doesn't take an 81% cut while funneling another 18% into other side projects. I'd rather see direct basic income than our labyrinthine system of government bureaucracies that "help" people.

    SS could have been funded differently as it was originally promised to be and the transfers could incur a very minimal overhead instead of the huge $6,457,000,000 they cost in 2017. I'm more concerned with what is effective and efficient than what is "morally right" etc. It's just very rare that government is very efficient at anything.
  • Moderator, Swaye's Wigwam Posts: 37,314 Founders Club

    I'm actually alright with transfer payments assuming the government doesn't take an 81% cut while funneling another 18% into other side projects. I'd rather see direct basic income than our labyrinthine system of government bureaucracies that "help" people.

    SS could have been funded differently as it was originally promised to be and the transfers could incur a very minimal overhead instead of the huge $6,457,000,000 they cost in 2017. I'm more concerned with what is effective and efficient than what is "morally right" etc. It's just very rare that government is very efficient at anything.
    Agree BUT in a democracy such as ours the "best" plan usually won't win. Politics is the art of the possible, not what would make the most sense.

    In theory I like Universal Basic Income, but we're still just in the theory stage and the devil's in the details.
  • Member Posts: 29,457

    And - some public works are more awesome than others

    Obama's stimulus was supposed to go to jobs. I know for a fact that Washington state canceled construction projects and used the cash for pensions and unions

    That's bullshit.
  • Member, Moderator, Swaye's Wigwam Posts: 114,057 Founders Club
    2001400ex said:

    That's bullshit.
    Great proof as always

    It's the truth because I was there
  • Member Posts: 29,457

    Great proof as always

    It's the truth because I was there
    STFU. Liar.
  • Member, Moderator, Swaye's Wigwam Posts: 114,057 Founders Club
    2001400ex said:

    STFU. Liar.
    Proof?

    Nice meltdown

    It's a fact. I was there
  • Member Posts: 29,457

    Proof?

    Nice meltdown

    It's a fact. I was there
    Meltdown? Haha. Liar.
  • Member, Moderator, Swaye's Wigwam Posts: 114,057 Founders Club
    Take it easy kid. It'll be all right. Obama will still let you suck him off

    You do know he's caught on tape laughing about the shovel ready jobs that idiots like you fell for

    I will prove Washington did what I said tomorrow then you get banned until September

    In?
  • Member Posts: 29,457

    Take it easy kid. It'll be all right. Obama will still let you suck him off

    You do know he's caught on tape laughing about the shovel ready jobs that idiots like you fell for

    I will prove Washington did what I said tomorrow then you get banned until September

    In?

    What's the burden of proof? Let it be known that you are saying that the state auditor is fucktarded.


    Ok I couldn't type that with a straight face. But still, I want to see your "proof".
  • Member Posts: 373
    2001400ex said:

    What's the burden of proof? Let it be known that you are saying that the state auditor is fucktarded.


    Ok I couldn't type that with a straight face. But still, I want to see your "proof".
    whats fucktarded about funneling fed money to your people and putting off dealing with the massive unfunded liabilities that plague every state
  • Member Posts: 29,457

    whats fucktarded about funneling fed money to your people and putting off dealing with the massive unfunded liabilities that plague every state
    You don't understand how pensions work. But nice talking point.
  • Member, Moderator, Swaye's Wigwam Posts: 114,057 Founders Club
    2001400ex said:

    What's the burden of proof? Let it be known that you are saying that the state auditor is fucktarded.


    Ok I couldn't type that with a straight face. But still, I want to see your "proof".
    Take the deal see the evidence
  • Member Posts: 373
    2001400ex said:

    You don't understand how pensions work. But nice talking point.
    LOL
    how do pensions work?
  • Member Posts: 29,457

    LOL
    how do pensions work?
    They are a Ponzi scheme where retirees are paid with current revenue sources, rather than funded at the time of earning. Which requires the business or government to grow indefinitely.
  • Member Posts: 24,066

    Great proof as always

    It's the truth because I was there

    Great proof as always

    It's the truth because I was there
    He was you know!
  • Member Posts: 24,066
    2001400ex said:

    They are a Ponzi scheme where retirees are paid with current revenue sources, rather than funded at the time of earning. Which requires the business or government to grow indefinitely.
    Not entirely true. Pension assets are a thing.

    Read a few 10-Ks. It's a prominent disclosure item theses days.
  • Member Posts: 373
    interesting you actually sort of understand something. businesses do have to fund them ahead of time. as well as the poast office for some reason. its only government entities that get to pretend these behemoth liabilities dont exist. Why do you think governmental ponzi schemes are just an irrelevant talking point?

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