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/biz/ - Business & Finance

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53100489 No.53100489 [Reply] [Original]

what do you want to know?

>> No.53100494

>>53100489
why can't the fed just plug all the market participants into a calculator to find the perfect interest rate for combating inflation?

>> No.53100496

>>53100489
>Hurr durr markets are efficient.
>Can't start a business.
>Anti competitive capitalism make it impossible to get rich.

>> No.53100506

>>53100489
Why did you waste the time on a phd instead of actually earning money in the private sector? Is is because you are a permanent academic with no actual skills or usefulness?

>> No.53100507

Is most of economics bullshit?

>> No.53100508

>>53100489
Are you of the Austrian school or are you just another fucking retarded Keynesian interventionist who believes in central planning?

>> No.53100525

>>53100507
It's made complicated in order to steal from people.
I don't feel like working, so i'll convince you whatever i'm doing is work by showing you that i've got pieces of paper.
Retarded.

>> No.53100554

>>53100525
based

>> No.53100555

>>53100494
because it is an absolutely frivolous endeavor. the fed due to a number of reasons could never pinpoint the current or change in money supply at any given time.

there are as many PhDs who believe monetary policy is completely ineffective as there are believers. personally i believe it the action of adjusting the cash rate is completely ineffective and interest rates should be set by the free market as to preserve the greatest amount of capital, however this is also controversial. i do believe, however, the psychological impact of a central bank magically adjusting the cash rate does have significance. central figures jawboning the economy does make change.

one main component to why it is impossible is the eurodollar system which im sure many anons are clued about already. this is good reading.

>> No.53100580

How many food stamps did you get this month?

>> No.53100591

>>53100506
i just enjoyed it so much. i had a highschool teacher who sparked my interest and genuinely believed in what she was teaching. personally i dont think the job you work matters at all as to making money but it is how you well you can reinvest that capital into the economy. there is no way to get rich through working, only the markets.

I also got paid a nice amount to complete my PhD instead of working in the industry.

>> No.53100625

>>53100489
Whats a good way to measure the dollar against bric currencies/emerging market currencies. trade weighted is BS and so is DXY

>> No.53100627

>>53100555
>the fed due to a number of reasons could never pinpoint the current or change in money supply at any given time.
this is the shit that makes me get excited for a completely digital CBDC currency and no cash. governments could know exactly what's happening in their economy at any given moment

>> No.53100668

>>53100555
Checked and claimed, also ur a faggot

>> No.53100670

>>53100507
depends what you mean. if what you mean is that many of the popular economic indicators and measures people use today to try and identify where the economy is, how its performing, and the direction it is going, then yes. almost all of the measures governments release speaking on how the economy performs are flawed. GDP, inflation, unemployment... if i presented data this flawed in any of my work i would never have been allowed to graduate...

there are lots of bullshittery things in economics and finance people will shill you. only you can decide which you will choose to give value to. there is so much more to economics and finance than the bullshit, however. bitcoin and the economics and fundamentals of bitcoin is one truly beautiful creation. the idea of capital and capital generation as the seed for progression in any society is a beautiful creation.

>> No.53100676

>>53100668
100 Checkems scheduled for deposit

>> No.53100791

>>53100627
they still couldnt, they would only know of the amount/whereabouts of their cbdc. not every financial obligation would be on chain

>> No.53100811

>>53100625
create your own measure and adjust for your concerns. perhaps use the DXY and trade weighted and your own measure in conjunction with each other and create your own observations from there.

even if the trade weighted and DXY are rubbish, what impact do rubbish numbers have on economic participants when they are the widely accepted data? you couldnt even begin to quantify without your own measurement method.

>> No.53100860

>>53100489
you couldn't offer my any valuable knowledge

>> No.53100862

>>53100508
the only reason I see for intervention in a free market is for those who are unable to participant in the generation of capital against their will: disabled people etc.

Active participants would, based on numbers alone, benefit from the increase in productivity and accurate allocation of capital during kind periods of economic growth, however would this would be a cold cold world to live in.

The economist inside me tells me it is right. The human inside me tells me it is evil. we have to strike a balance

>> No.53100881

>>53100860
Must be hard always being the smartest guy in the room

>> No.53100911

>>53100862
what about churches and charities?

>> No.53100935

>>53100489
are people that work for the fed allowed to trade securities? seems like a big conflict of interest that jpow could just say some random bullshit to directly influence his investments.

>> No.53100953

>>53100670
So you must know that BSV is the real Bitcoin then.

>> No.53100983

>>53100935
the board responsible for monetary policy are banned from trading a wide range of shares, but not all. This was only a recent change. the only reason they are enforcing actions like this is to maintain the trust of the public.
>>53100953
BTC is the "real" Bitcoin. there is no second best (in my opinion)

>> No.53101000

>>53100911
I haven't got the numbers but my gut tells me churches and charities wouldnt come even close to meeting the needs of these people.

>> No.53101017

Why is it called the free market if I still have to pay for things? You all should study that instead.

>> No.53101048

>>53100489
Why do economists waste their time with data when tptb are malthusian lunatics?

The simple solution is Bitcoin and use Bitcoin mining to jump start new powerplants which raises living standard and grows population and economy.

tptb are shutting down powerplants, regulating industry out of existence, and making our lives hell.

Why don't expert economists just tell the truth and we get it over with?

>> No.53101074

>>53101000
then again people don't donate as much now because they have to pay taxes anyways which supposedly goes to helping these people. so the government does crowd out charity. maybe there would be some sort of insurance policy that parents can take before having kids

>> No.53101085
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53101085

>>53100983
Classic issue of hyper specialization. You can see the value in Bitcoin from an economic stand point. Yet you do not understand it from a computer science stand point.

>> No.53101169

>>53101085
I understand the argument for big blockers, it's just not really as necessary as the compsci believers think. As for CSW... can you imagine rational investors on a large scale entrusting their timeless immutable wealth with this personality?

BTC is BTC. the economic participants have voted. In my opinion you should speculate on a replacement another 1000 years from now rather than just 14, but I'm happy to be proven wrong

>> No.53101178

>>53101169
thoughts on eth

>> No.53101290

>>53101178
it was the natural next step from BTC, however my concerns have grown since the merge. most concerning is the belief it is an immovable king like btc. its okay, but its not something i have or would ever consider putting my life savings in.

>> No.53101322

>>53101048
no economist is willing to throw away their career and respect by announcing something like that, which i why i will do it anonymously here.

Bitcoin is the solution. there is no asset in human history even remotely comparable to BTC. It will become the asset with the highest demand in the history of the human race. You are spot on with your assessment and this is something i believe will occur over time.

the nations which invest in mining power will become more powerful and more free than their counterparts could even imagine.

>> No.53102047

>>53101322
Thanks for the response made my day

>> No.53102078

>>53100489
was it a good economic decision to waste your prime years and tens of thousands of dollars learning a social science with no real life application, resulting in you slaving at a shit job to repay your student loans

>> No.53102089

>>53100489
How fucked are we?

>> No.53102100

>>53100489
how do I talk to women

>> No.53102119

how do we stop jewish infiltration and subversion in our media institutions, financial structures and goverment agencies?
also why do i keep having to pay tax to support Shanique's 5th kid from her 4th baby papa?

>> No.53102131

>>53100489
What's your view of Monero (anonymity), relative to Bitcoin?

>> No.53102680

>>53102089
not end of times fucked or great reset fucked, just some hard years ahead. unemployment will be the word on everyones mouth this year just like inflation was last year
>>53102100
be yourself. relax. you're a normal person like everyone else and everyone else has no issue talking to women so why would you?
>>53102131
monero is tough. i want to be able to not trust, but verify, and monero takes this ability away from me. personally i think the idea is sound, however there is absolutely no way monero will fly under the radar forever.

my prediction: monero use banned by all countries. onramps to monero become few and far between. holders will flee to the exit as no new money enters the circle and exiting becomes harder and harder

could be completely wrong however its just something i dont see existing peacefully under the nose of governments

>> No.53102725

Chicago or Austria?

>> No.53102754

>>53102725
very much less chicago and more austrian, but im not a schizo aust purist. out of all the PhD fellows i talk with the austrian purists are 80% likely to be insufferable who refuse to entertain any counterintuitive thinking