Monday assorted links

Comments

Meanwhile, still nothing from you, or Alex, on the nomination of Stephen Moore to the Board of Governors of the Fed. Why the reluctance to weigh in on this issue, especially given that Moore is a GMU economics program alum (MA in Economics)?

Reassuring. From Bloomberg:

"I’m kind of new to this game, frankly, so I’m going to be on a steep learning curve myself about how the Fed operates, how the Federal
Reserve makes its decisions. It’s hard for me to say even what my role will be there, assuming I get confirmed."

"I’m going to be on a steep learning curve": oh dear, the ignorance of economists. The "learning curve" isn't some bloody metaphor, it's an actual thing. Its features include : (i) the evidence for your learning is that you move down the curve, not up, and (ii) the steeper the curve, the easier/faster the learning was.

Hes an economist? Oh yeah, I guess like AOC is an economist

He actually has an MA in Economics, as I noted upthread. He has no particular experience or expertise in monetary policy or financial sector regulation--or indeed, any real professional experience as an economist. His entire career has been as a pundit/activist.

Is it only silly me or are there as many theories about the cause of every financial/monetary catastrophe since 1913 (Fed and federal income tax birthed) as there are econ PhD's - credentialed pundits/activists?

Not necessarily

re;thedossier
look we know a lotta people were involved with the dossier
the hillaryites, the creepy media company
the justice dept. the fbi @ cia
a lotta media, doritos inc
what we wanna know is
whose idea was the dossier
just reply below
before midnight

When he’d return, any sense of nostalgia was lost in the welcome. His top lips spread above his teeth, his hazelnut eyes immeditaley grew polite and his eyebrows squared. He’d pick up Sam at the end of the driveway and carry him back in through the front door and place him at his wife’s feet.

What happens next, hun?

so Sam is the pitcairn terrier
or a toddler?

I thought it was his wife's boyfriend, hun.

and get back to the dossier
we don't think the british fella
is the ideal idea fella to finger for the dossier.
whoever came up with the idea for the dossier
is the one we need to hear from below
before midnight

Jeb!??

one cockney accent to another, edelweiss is a helluva tune but the change up is spot on.

Cock Piss Partridge

jeb who?
jeb bush?

why?

closure? curiousity? rampant white fragility?
mostly, it just seems like a gyp if we don't find out
who boldly envisioned the dossier

" ““Frankly, the idea of separate honeymoons may signal the continued evolution of marriage,” said Jessica Carbino,"

Or more likely this is a bizarre and strange fad that will disappear within 10 years and then will be a prominent member of "Weird things from the 2010/20's Lists" for decades to come.

It's an NYT lifestyle piece, so the goal is getting the readers to spend more money with the paper's advertisers.

Maybe a more honest tagline would help:

"Click bait driven journalist finds outlier and mistakes it for trend"

There, I fixed it.

#2 Can't get past the paywall (such a bummer lol) but I read it elsewhere...

"Continued Evolution". Honestly what is the point even anymore. Sincerely, can we just stop with the pretense and call 21st century marriage the positional female-focused Veblen good that it is? For the under-40 crowd the 'dying institution' that it is?

I've been in a poly relationship with 2 women for going on 3 years and while I'm pretty sure one of them would like to tie-the-knot I re-hash the numbers and factors over and over again finding it benefits me in exactly zero ways. It benefits my other non-desirous partner in exactly zero ways. It benefits my pro-matrimania partner in ways that only benefit her, then after a while marginally, then after a longer period of time possibly not at all, and then at that point potentially affecting me negatively. My 3rd partner is not affected because she will have left long ago.

Matrimania. Just. Stop. Already. The world you're trying to preserve with this institution doesn't exist anymore.

#5 Now you can have Immigrant Backed Securities (IBSs) for your Mortgage Backed by Immigrants (MBIs) to create even better - and less speculative - Collateralized Immigrant Obligations (CIOs). Notice I didn't use 'Debt'...but it's the same thing.

You'd make a great dad.

That's what a CUCK believes!

Only because the marriage contract is something that is only accepted when it's between two people. Diversification of the contract terms would be what's needed.

LOOOOLLLLLL!

So you have decided to forgo the longevity benefits that all our best suggests is highly associated with marriage, most likely in a causal fashion?

You also are electing to turn down the documented benefits to your health and wellbeing on the hopes that many studies are just detecting spurious correlations?

And of course there is the evidence of history of how basically every society, ever, that abandoned marriage (e.g. the Shakers, the Oneida community) died out somehow?

I mean, I guess you are confident that you are some random outlier ... but for most of the population marriage is associated with all manner of good outcomes with far tighter correlation than things like good jobs, frequent sex, education, or healthcare access.

If I didn't want kids I would definitely not get married

Very reasonable way of looking at it, forming families is the primary reason to get married. Not the only one but sort of the foundation.

OK, thinking on it more, I was too strident there. The foundation is as much about kids as binding two people together to promise to help each other grow old.

Can we get a full review of Us, Tyler

Apparently it's a "movie with a twist", and my experience is those are usually impossible to review in a useful or interesting way.

TC, #6 is what the youngsters call a "recap," not a review. You read it after you watch the movie.

#6: Sounds kinda lame.

Interesting that 94% of critics liked "Us" but only 69% of the audience has liked it. With "Get Out," the numbers were 98% and 86%.

Clearly, we should all side with the critics. Who cares if the movie is actually entertaining? What America needs right now is more politics injected into entertainment. Particularly racial grievance politics.

#6: Anyone who plays enough D&D realizes that justice is just revenge, except you're a paladin.

#3. Wow that Final exam looked like it would induce drops of blood on your forehead. It's undergrad to boot!

#3 - Shelling' s course and exam: a mile wide and an inch deep. Notice one of the exam questions, reproduced below, confirms this. People did not read all this stuff, just skimmed through it and emphasized parts they thought would be on the final exam. Same as in today's law school. - RL

One of the questions on a makeup examination which you will take tomorrow will be based on either an article by Smith or an article by Jones. Your limited time in the library’s rules make it impossible for you to study both articles. If the exam question is based on the Smith article, you will have a 90 percent chance of answering it correctly if you read Smith, but will surely fail to answer correctly if you read Jones; if the exam question is based on Jones, you will have a 60 percent chance of getting it right if you study Jones, no chance otherwise. You will get the question either right or wrong; no partial credit will be given."

Well cucked Sir!

That's why Harvard is Harvard. (If the course were any deeper nobody would be able to finish it.) If you think Harvard is just Arizona State in a $3000 suit, this proves that it's not. A Harvard undergraduate course is often better and harder than a graduate course at an average university.

The same was true of my alma mater, the University of Chicago.

4. So informed, in typical MR fashion - 'In particular, its Belt and Road Initiative, the intercontinental economic program, has emerged as a powerful weapon that European capitals are using to generate Chinese investment and, often, to assert their national independence from the EU, and its dominant states, especially Germany.'

Just one of several German links from June 2017 pointing out how closely Trieste and Duisburg, the German end point of the New Silk Road, plan to work together - https://logistik-heute.de/news/haefen-triest-und-duisburg-erweitern-kooperation-13873.html

'Staake wertet die Kooperation daher als Gewinn für beide Häfen: „Triest bekommt über Duisport den Zugang zur nördlichen Seidenstraße, der Duisburger Hafen über Triest eine Anbindung an die maritime Seidenstraße. Das wird in beiden Häfen den Güterumschlag erhöhen.“ - Loosely translated - Duisburg and Trieste intend to become the northern and southern end points of the land and sea silk roads, working tightly together.

Which makes this passage from the article seem poorly informed - 'One of China's main interests in Italy is the northern port of Trieste, the neglected maritime hub of the former Austro-Hungarian empire. Combined with Piraeus in Greece, Sines in Portugal and Valencia in Spain it could form a new Chinese-controlled logistics network capable of redesigning Europe's industrial chains.'

#4: good explanation but some context is missing. In one sentence: EU unity vs. China had already shattered during the euro crisis, this is a cascade development. In recent decades, much of Italian infrastructure investments have been on ports (Trieste and Genova mainly) and freight trains (e.g. tunnels under the Alps) with the idea of building a shorter route for Europe-Asia trade as described in the article. On the other hand, starting during the euro crisis Greece (desperate for some FDI) and several Balkan countries are collaborating increasingly with China and aligning with belt and road. The Chinese project was to set up an alternative route with the same basic idea, but centered on Piraeus an cutting off Italy. Initially many thought this to be almost impossible due to the poor state of trains and highways in the Balkans, but in the last five years Italian governments have been more and more worried seeing the scale of Chinese investment. Italy currently lacks the fiscal space to match China but it cannot afford to fold. Efforts to get the Chinese to invest significantly on Italian ports as well, but without Italy entering belt and road, have been rebuffed. In the end, Italy has accepted the Chinese conditions this year. I fully expect to see China scale up the divide and conquer strategy, by using the agreement with Italy to get collaboration from France/Spain/Germany in the next years. That is, unless the EU does something serious about it. Improbable, because it would require to transfer decision power to the EU "federal" institutions (good luck with that these days) and possibly a scheme to boost EU investments in states during recessions (also unpopular in net contributor states). This last to avoid a repeat of the Chinese "shopping spree" during the euro crisis in Greece (and Portugal) which started the whole problem.

2. Lame. Just don't call it a honeymoon. A honeymoon is definitionally a vacation that you take together, as a couple. if you're going on separate vacations, you're just going on vacation. Why even bother going after the wedding, or at the same time?

They're calling it a unimoon, as in "Awww, they're still in that unimoon period."

Most guys on this blog are either in the friend zone or the cuckold phase

An even more radical alternative lifestyle: don't get married. ¯\ _(ツ)_/¯

5. I am entertained by Robin's latest idea which is essentially about throwing sand into the political arena by tossing out random screwed up ideas that are "perpendicular" to the political axes. Although they aren't really "perpendicular" so much as entertaining trolls designed to make people go "What the fuck are you talking about???"
Really, Robin's latest idea is more or less a form of highly entertaining political trolling.

5, No man ever steps in the same river twice, for it's not the same river and he's not the same man. Heraclitus

Very revealing quote in #2 about how these people don't "need" to spend all day in bed. Never have I ever done so out of need. People who don't take time out of their lives to deliberately and mindfully improve the quality of their marital bond are doomed to one of poor quality.

Don't tell me: "But I don't neeeeed things like honeymoons and Valentine's Day to improve the quality of my relationship!" Everyone I've ever met who says stuff like this spends less time improving their relationship, not more.

Oh poppycock! My wife's boyfriend takes care of all this stuff so I can focus on reading blogs.

Interesting the question in Schelling's exam about "nobleness." I cannot imagine anybody today putting such a question on an exam, at least not in the US. It says a lot about Schelling, and how far we have fallen since by certain standards.

To clarify, exams should only test if the student can read English and regurgitate nonsense.

I graduated from the illustrious Wisconsin. A strong 49th. I’m the version of Trump that didn’t get into Wharton, but instead went to SUNY Stonybrook, even with the famous dad. We both had famous fathers, but I was so bad at math I couldn’t get into a real school.

I have strong opinions about Russian interference because I married a Soviet communist and had zero children. If anyone knows about Russian interference it’s me with a Russian wife and no kids. Yikes!

We have a great marriage.

My wife and I do have a daughter, for the record.

lol, I love that this is the only correction

Well, heck. I did graduate from Wisconsin. Although Wikipedia labels me as being a "mathematical economist," I was not as good at math as my famous late father. My wife is from Russia, and, yes, I know more about Russia than any of you, with the possible exception of Tyler.

Trolling gets a C-. You didn’t even accuse him of cuckoldry.

#1 Still shorter than the average dick in sub-saharan Africa so does it really count?

5 - This is an example of why those who are uncompetitive in the market economy are driven to dislike capitalism. If everything is financialized and made into a betting/speculating game, it imposes a huge psychological cost on those who don't have enough assets to even participate in the market. Nothing screams "you're irrelevant" as bluntly, brutally, and as efficiently as markets.

The Macaes piece (#4) contains this howler: If we take Munich as a proxy for Europe's industrial core...

Europe's Industrial Core is in the Ruhr-Rhein-Low Countries-Paris Basin Triangle, as it always has been. That is....much closer to Rotterdam and the other Northern ports than Trieste.

2. "Given the recognition that for most couples today, marriage and partnership is considered all-consuming, with the partner needing to fulfill every role — physical, spiritual, emotional and sexual"

As opposed to the olden days when that wasn't the case? This part jumped out at me:

"But during their 2016 trip, the Dublin-based couple didn’t share the same bed, they didn’t eat a meal together nor did they officially consummate their marriage during their honeymoon. That’s because Ms. O’Brien, 37, a stylist and writer, and Mr. Maclaine, 40, a golf and corporate photographer, took separate honeymoons, otherwise known as solomoons or unimoons. After their wedding, Ms. O’Brien celebrated in Canada, while Mr. Maclaine and his friends flew to France."

The idea of a "love-based marriage" where partners fulfill an abundance of crucial roles is relatively new. One need look back only a few decades to study a time when people married not out of love but for survival and economic necessity.

If you're talking about India, sure. But love has long been valued in the West. Economics also mattered, and still matters today.

Jeez. Maybe married life today is too all-consuming, but if you can't stand the sight of each other for the two weeks after you get married, I predict divorce within three years. My "unimoon" was the six years I spent as a single man from age 18 until I met my wife.

3: Fairly daunting. I took an undergraduate game theory class that had at best maybe 1/3 of the content that this class seems to have had. OTOH it was an intro level class with IIRC no prerequisites so it would nautrally be less advanced.

Most every Harvard economics exam seems to give choices to the students as this one does. I have not seen that on exams at other universities except sometimes at the graduate level; don't know if it's the norm in all Harvard departments or just Harvard econ.

Chicago econ, especially at the graduate level, liked to ask true/false questions but they were way more challenging than the classic true/false question because they were essentially essay questions: "true, false, or uncertain -- and explain why".

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