/sci/ - Science & Math

go army

>>5431932
>mfw I can't pass a backround check

go mcdonalds

>>5431942
I don't qualify for work

>tfw our current economy is set up for failure from the get go.

>>5431938
> mfw i can't pass a drug test.

>>5431942
I couldn't even cut it for an electrician apprenticeship, lol I am too socially deficient so i fail interviews

go steal

>>5431949
thats what the ghetto does to you son

army is bets option

suck it up and go engineering.
you won't regret it, your future offspring will be thanking you. unless you want to consciously know you made that shit choice.

>>5431948
We wouldn't be in this downturn if it wasn't for Chicago School economics

>lel all we need is to adjust the money supply everything else would work itself out!

Bernanke and Friedman are really misleading and you should never ever get your information from them.

Supply DOES not solely create Demand.

And accounting the aggregate too.

>>5431962
Interest is THE biggest problem with economics. Repaying money that doesn't exist by growing the economy only works for so long

>>5431962
That picture is retarded, but I'm glad someone agrees with me here. Keynsian/planned economy actually does work. It worked for 50 years, until we got our asses fucked in 50 wars in 100 countries around the world...

>>5431973
Trickle down economics is fucking retarded.

>>5431970
Interest rates should remain low only until lnecessary to curb inflation, as Keynes originally intended

>>5431973
A planned economy is on the boundaries of Classicism and New Classicists, idk its rubbish, I'll reference an article in my next post to address that

>>5431981
>Keynes
>Rand

I'm confused... How are these two philosophies related? Please explain.

>>5431981
Any interest rates greater than 0% introduce the problem. However the problem of having interest rates at 0% is that anyone can borrow any amount of money essentially for free.

>>5431973
>>5431981
"However, although Rational Expectation Hypothesis (REH) economists were concerned to make the case for unfettered markets, REH is also the answer to the central planner's dream. Just think of those giant linear-programming exercises designed by the Soviet mathematicians in the 1960s in the attempt to make central planning rational. The crucial assumption of REH is not perfect competition, but perfect information. Had the Soviet state been able to concentrate the information and computing power now said to be dispersed around free markets, there would have been no technical reason why its choices should not have been perfectly rational in the way postulated by REH. A single Platonic guardian would make no mistakes."

-Robert Skidelsky, Keynes: The Return of the Master

>>5431986

They're not, he doesn't know anything about Ayn Rand apparently.

>>5431999
I couldn't bare reading the entire atlas shrugged, and no her pic wasn't related to my post, she is just econ related to a degree, but she has never really been an economist, just some old kike who published her superfluous fantasies of fucking sociopathic CEO's that was based off a false philosophy that she pretended to invent.

I can't stand Austrianism or anything related to Anarcho-capitalist convictions honestly. Its just so out dated and that shit was only fit for way back in the 1800's where the govt's fanatically followed Adam Smith and Malthusian theorists (and Social Darwinists etc. etc.).

>People think engineering is still 'the shit'
no anon, all other engineering job is dead except for EE and ME and AE
if you want to work for 10 years and then retire, SE and Mining is okay too.
I switched from Civil to Electrical because I heard only 68% of graduating class got a job
(I graduated from USC)
It might just be because California has a fucking major influx of chinks in the last 10 years, but yeah switch to eletrical or mechanical

>>5432007
True or false:
"Free market prices are the best possible indicator of supply and demand."

>why or why not

>>5432008
What is the problem with chemical engineering opportunities in Cali? I'm just starting my engineering courses at a UC right now.

>>5431997
to elaborate, if REH were completely true, then the Soviets would have been able to project "perfect information" and successfully fulfill the needs of a planned economy without any drawbacks. But perfect information is not possible because of something peculiar that Keynes pointed out, and that is the inevitable reality of Uncertainty. A 100% planned economy can never work out because variables are uncertain and its nothing more than a heavily egalitarian religion. For example, the Soviets would produce way more tractors than needed, and so they had all these extra tractors but not even enough food or basic needs like toilet paper for its people. It just cannot be done.

>>5432017
1st which UC
2nd are you okay with working at factories
3rd yeah, it's okay

>>5432012
lel you are barely scratching the surface, how is that high school senior econ class going?

>>5432031
>tfw you have taken no econ classes
>tfw econfag insults your attempt at an honest question

>>5432023
1st: UC Santa Barbara
2nd: I would if I had to. What types of factories are likely?

>>5432038
one of my colleagues work at a paper mill (office job of course), other one at plastic factory (researching) and other guy at a beauty product company researching err soaps

>>5432036
who implied that I didn't take any college econ yet?
>implying I'm desperately wanting to be more of a layman at economics
>tfw trying to grasp the concepts published by Joseph Stiglitz

>>5432044
those sound pretty nice actually. Were any of those positions anywhere close to being entry-level?

>>5431960
>your future offspring
>/sci/

>>5432064
There should be, I don't relaly know about this :<