Blog Comments

  1. PeterL's Avatar
    That's how the consumer part of the recovery starts, but the problem can be with the producers, who have closed facilities, gotten rid of workers, or even gone broke; in the 1930's after the Keynesian push and FDR's programs got individuals buying somewhat, the U.S. economy was dull and listless, until war production started for export after 1938. Without a push like that recovery can take a lot longer. And sometimes there is no recovery, as hadppened with the U.S. computer industry after the dotcom bust. The computer companies recovered by sending production to lower cost countries, but the workers never got equivalent jobs.

    We will have to wait to see what happens this time around.
  2. MANICHAEAN's Avatar
    I remember doing work on the trade cycle in the LSE back in 1963. If memory serves me correct, the recovery upwards, after an actual depression, comes when stocks are used up and have to be replenished. This gives the Keynesian boost to start it all over again.


    But I'm sure that the closer coordination & independence of Central Bank Governors today would provide the required stimulus anyway, to mitigate a rerun of the 1920's, despite Master Trump.


    By the way, you see now that our future king has attained a new regal title as "The Prince of Whales?"
  3. PeterL's Avatar
    I may have given Trump too much credit for thinking, but there might be a brain hidden away. He has made too much money from bankruptcy in the past for not to have been taught that going broke is good. I don't know what will happen or when, but the conditions have been set up for a serious recession.
  4. MANICHAEAN's Avatar
    I really wonder with the present incumbent if he has any clear thought out strategy at all. He will, as his past record shows, turn on a sixpence if his base starts raising serious concerns.

    Intriguing comment "another possibility is that he is trying to hand financial primacy to Putin." Surely not, one would say, but with this guy there is always that small nagging doubt of his relationship with the Russian Bear. Too many reports of: Soviet banking support in the past, huddled negotiations, and deference to their leader.
  5. PeterL's Avatar
    The next one will be about starting depressions. That's something tht everyone wants to do,, odn't it?
  6. PeterL's Avatar
    The Economist has similar concerns.
    https://www.economist.com/leaders/20...-from-politics
  7. PeterL's Avatar
    "p.s. I wonder how many of those comfortably housed and fed in mental institutions or town farms were black?"

    The figures probably are available online for what that
    s worth.
  8. Ecurb's Avatar
    I'll grant that I wasn't paying much attention to crime statistics during the Eisenhower administration. Nonetheless, I don't seem to fear "shopping bag ladies" as much as you do. Maybe if I were attacked as regularly as you have been, I would feel differently, but I doubt it.

    I will continue to "think what I like", and what I like to believe is those things that are supported by evidence. As I suspected, you want to return to the 1950s, an era during which (if you lived in certain states) you would not have been forced to suffer the indignity of using public toilets used by "negroes" (as they were then called). Nor would you have gone to public schools with them, lived in neighborhoods with them, or allowed them to vote.

    Do you really think that all those Southern black folks who were poorly educated in segregated schools were well housed? Do you really think crime in black neighborhoods back then was more accurately chronicled than it is today? Do you really think Southern blacks had highly-paid jobs that have since been shipped off to China? Come on now, Peter.

    A quick google search confirms that black unemployment (as well as overall unemployment) is at an all-time low (although comparable statistics have been kept only since 1972). Maybe homelessness, poverty and unemployment among Southern black people interests you as little as homelessness, poverty and unemployment among the Chinese. I'll bet unemployed southern blacks in the 1950s weren't wandering the streets of Amherst, offending your delicate sensibilities. Perhaps it has occurred to you that there are several reasons those horrid "shopping bag ladies" might be less evident, one of which is that the police might roust and arrest them for the terrible crime of being homeless and offending the sensibilities of reputable citizens like you, Peter. The reason the homeless are more visible today than in the past is that they are given more freedom by the police, not that there are more of them.

    p.s. I wonder how many of those comfortably housed and fed in mental institutions or town farms were black?
  9. PeterL's Avatar
    I suppose that someone who gets his news from Fox might have those opinions, but If you had been paying attention during the Eisenhower administration, then you might have noticed that there were no "shopping bag ladies" wandering around; they were housed in lunatic asylums, if they weren't at the local town farm. While neither sirtuation was ideal, the residents of such places were comfortably housed and well fed, and they were not abused, as might happen on the streets now. When MIchel Foucault came out with his book about the abuses of the mentally ill, he had no relevant experience; he was simply expressing his ideological position. "Madness and Civilization" had as much basis in the real world as did his "The Order of Things"; that is none at all. Foucault should have called his books fiction, but no there a greater factual basis in much fiction.

    Apparently, you are unacquainted with how crimes are reported. Not all crimes make it into the statistics. Only crimes that the police feel like pursuing are recorded as such. And there is a similar matter with workforce participation. A few decades ago anyone who was looking for work was counted as part of the workforce, but these days some classes of people who are looking for work are excluded, and that includes anyone over 65, except those who are currently employed=, and there are other groups.

    Think what you like.
  10. Ecurb's Avatar
    Oh for that halcyon American past, when we locked the mentally ill in "hospitals" so that they wouldn't bother honest, hard-working citizens like Peter. Those were the days when (although unemployment rates were higher than they are now) all Americans had good jobs, and those evil Chinese simply starved to death or died in floods, as is proper.

    Of course Peter's ideas run contrary to what the current American administration puts forth

    It's too bad that Peter has suffered from "several" violent attacks in recent years. That hardly contradicts the statistical evidence that crime rates have dropped dramatically in the past several decades. Peter goes on to say, "And maybe after we become accustomed to having the mentally ill in hospitals instead of trying to hold down normal jobs we will notice some of the people who presently go on to commit mass murders and other unacceptable behavior." Or "maybe" not. It seems to me that locking the mentally ill in hospitals might make it LESS likely that we "notice" them, which is precisely what Peter wants. In any event, we already lock up several millions of our citizens. Locking up more of them because they MIGHT commit crimes in the future seems unethical and cowardly.
    Updated 04-15-2019 at 07:26 AM by PeterL (clarity)
  11. AuntShecky's Avatar
    I'm sorry this repeated.
  12. AuntShecky's Avatar
    I would prefer to have so-called "standard" time all year rather than Daylight Saving Time (Good for you for avoiding the common, inexplicable error of including an "s" on "Saving." Full disclosure: Years ago, my short story on the topic included that error. It might still be on the NitLet!)

    In any event, morning darkness is typical around the Winer Solstice but it's not fun in the Spring. And how weird is it to have daylight when it's 7 p.m. -- nd snowing!
  13. LaLeLu's Avatar
    Don't know about IQ, but I wish I had Toni Morrison's talent.
  14. atqwa's Avatar
    FIBER GLASS WELDING CO. FIBER GLASS FURNISHED FITTINGS FITTING FIBERS FIBER GLASS FIBERS FIBER GLASS CELLS are located in all residential, commercial, industrial and commercial buildings and can not be dispensed with. There is no substitute for water storage when there is a problem with fiberglass tanks whether broken or A crack in the wall or floor The water leaks from the surface and causes great problems for the surfaces and the water ends quickly from the tank Can not be kept by the company of welding tanks Viber Glass provides you dear customer buy a new tank just because of those problems with your tank evil The welding and repair of the fiber glass tanks has the best modern techniques that enable them and make them refueling the tank and returned to what was new and will live for years for the welding and repair of the tanks of fiberglass for welding and repair of fiberglass tanks
    Updated 01-23-2019 at 08:47 AM by PeterL (edited for clarity)
  15. Ecurb's Avatar
    You're welcome.
  16. PeterL's Avatar
    Thanks for the laugh.
  17. Ecurb's Avatar
    Here's some research:

    A Guardian article (from which I garnered Watson's racist comment, and which shows him to be a sexist bigot as well): https://www.theguardian.com/commenti...el-prize-medal

    Here's an article about how IQ scores have improved from one generation to the next (my details may have been wrong, but my argument was correct); https://www.smithsonianmag.com/scien...not-150402883/

    MY first point is designed to suggest that many proponents of IQ as a measure of intelligence are either racist or want to confirm their inflated opinion of their own intelligence.

    My second point is reasonable; Why would anyone but a racist use outdated methods of describing human genetic similarity to denigrate the intelligence of a culturally determined "racial" group? We know, for example, that some of Thomas Jefferson's children with Sally Hemmings "passed" as white. Were they more intelligent than those who didn't? Why should we look at the cultural designation of person's race as a reasonable indicator of genotype?

    You defend Watson's racism (which is clearly both unjustified and rude) because you think he is correct, yet you call me rude for calling Watson a racist, even though I am clearly correct (based on the quote from the Guardian).

    One more thing, it is illogical to call "points" "pointless". Any intelligent person, whatever their IQ, could explain that to you.
  18. PeterL's Avatar
    Quote Originally Posted by Ecurb
    Oh! The horror! A scientist -- speaking naught but the 'truth"-- gets ostracized by the "politically correct".

    But is it really an outrage (it's an old story -- Watson is 90)?

    First of all, the notion that IQ is a meaningful measure of intelligence for grownups is ridiculous. It was designed to help educate children. Once someone becomes an adult there are better ways to measure intellectual achievement and capacity.

    Second, although there is doubtless a genetic "component" to IQ, and a genetic "component" to race, modern DNA testing has discredited the old notion that the "four races" are a reasonable description of human genetic diversity. Why, then, is Watson using a biologically discredited (although culturally active) notion of "race" to bash black people's IQs?

    Third, when IQ was invented (around 1900), the average IQ was 100. Now it's 107 (I didn't look it up, this is from memory). Did people have worse genes 100 years ago?

    Fourth, Watson once told the Sunday Times that while people may like to think that all people are born with equal intelligence, "those who have to deal with black employees find this not true.

    There is only one conclusion: Watson is a racist, a jerk, and a sad excuse for a human, whatever his scientific accomplishments. So are a great many people who think IQ is important, and use it to elevate themselves at the cost of others. At least Watson accomplished something (although he denigrated the role of others in his discovery of the double helix). He shouldn't have to even mention IQ, except for bigoted and racist purposes.
    You mentioned some valid points, but you should have done your research.
    Your first point is pointless.
    Your second point is similarly pointless.
    Your third point is fallacious; the "average IQ" depends on the norms for that test, but the average always is 100.
    Your fourth point is simply a rude opinion about Doctor Watson.
    As a whole, your comment says a lot more about you than it says about Doctor Watson, or anyone or anything else.

    I will confess that I have not found complete information about what Doctor Watson said, and my opinion might change if I had more information, but it appears that Watson stated a hypothesis for which he had incomplete evidence, but that press and the institution for which he works treated it as a completely unsupported opinion, and neglected that while Watson was making statements based on science bout which he knows a great deal, the press and the institution have been shooting from the hip.
  19. Ecurb's Avatar
    Oh! The horror! A scientist -- speaking naught but the 'truth"-- gets ostracized by the "politically correct".

    But is it really an outrage (it's an old story -- Watson is 90)?

    First of all, the notion that IQ is a meaningful measure of intelligence for grownups is ridiculous. It was designed to help educate children. Once someone becomes an adult there are better ways to measure intellectual achievement and capacity.

    Second, although there is doubtless a genetic "component" to IQ, and a genetic "component" to race, modern DNA testing has discredited the old notion that the "four races" are a reasonable description of human genetic diversity. Why, then, is Watson using a biologically discredited (although culturally active) notion of "race" to bash black people's IQs?

    Third, when IQ was invented (around 1900), the average IQ was 100. Now it's 107 (I didn't look it up, this is from memory). Did people have worse genes 100 years ago?

    Fourth, Watson once told the Sunday Times that while people may like to think that all people are born with equal intelligence, "those who have to deal with black employees find this not true."

    There is only one conclusion: Watson is a racist, a jerk, and a sad excuse for a human, whatever his scientific accomplishments. So are a great many people who think IQ is important, and use it to elevate themselves at the cost of others. At least Watson accomplished something (although he denigrated the role of others in his discovery of the double helix). He shouldn't have to even mention IQ, except for bigoted and racist purposes.
  20. Zuidadewenti's Avatar
    Here I will share an academic work Saving Humanity on humans’ survival and development written by the anthropologist Hu Jiaqi. Details can be seen in the following report.
    https://www.1170kfaq.com/story/39742768/preface-to-saving-humanity-of-eminent-anthropologist-hu-jiaqi-responsibilities-of-human-individuals-jiaqi-hu
Page 1 of 47 12345611 ... LastLast