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SerialStateLineXer


				

				

				
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joined 2022 September 25 09:14:45 UTC
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User ID: 1345

SerialStateLineXer


				
				
				

				
0 followers   follows 0 users   joined 2022 September 25 09:14:45 UTC

					

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User ID: 1345

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And interest rates were kept artificially low for 14 of those years.

I see this claim a lot, and it's based on a misunderstanding of what the Fed actually does. If the Fed tries to lower interest rates below the natural rate of interest and hold them there, we get inflation. Now, not after 14 years.

What the Fed actually does is help markets clear faster by targeting the natural rate of interest, i.e. the rate at which the amount of money people want to lend is equal to the amount other people want to borrow. This results in savings being efficiently channeled into investments. If the Fed sets rates too high, there are excess savings that don't get borrowed, causing a recession. If the Fed sets rates too low, it causes inflation.

The fact that inflation was unusually low in the 2010s tells us that the Fed was more or less correctly targeting the natural interest rate, or even a bit above it; the natural interest rate may have actually been negative in the early 2010s.

The huge spike in inflation in 2021 was not the chickens coming come to roost after 14 years of artificially low interest rates. It was the result of a sharp increase in the money supply that made the early rounds of QE look like anthills, combined with excessive stimulus, and pandemic savings burning holes in the pockets of middle-class consumers.

According to this, that Biggest Loser study was an extreme outlier, and numerous other studies have found either no effect or a much smaller effect.

We have these:

  1. Non-technical Universities
  2. Black underclass, where a large percentage of the men are dead or in prison.

Edit: This was supposed to be a response to that comment speculating about the effects of reducing the male : female ratio. I'm not sure what happened.

Don't Catholics always have sins to absolve because of original sin?

Communism mainly hates people for things that they can change about themselves (being rich, being capitalists, being landlords, etc.), whereas racism hates people for things they can't change about themselves.

This is why communism is worse than racism. Hating people for their virtues is worse than hating people for morally neutral properties like race.

God: Hey, I need you to turn my son over to the Romans so that can crucify him.

Jews: :-/

God: Trust me, it'll be awesome! You're my chosen people! Would I lead you astray?

Jews: Well, there were those forty years in the...

God: Oh, for my sakes! Will you let that go already? I gave you manna, didn't I?

Jews: Okay, fine, you're the god.

Jesus: X-(

A thousand years later...

Jews: :-(

Also, I do not find the link between Ashkenazi intelligence and antisemitism all that plausible.

As a parallel, note that woke anti-whiteness is premised on a rejection of the hypothesis that the black–white achievement gap is due to genetic factors rather than oppression.

This is like the Venn diagram meme: At the intersection of the set of those who attribute belief in a genetic basis for the black–white achievement gap to anti-black animus and the set of those who attribute belief in a genetic basis for the gentile–Jewish achievement gap to antisemitism, we find people who do not have a strong need for intellectual consistency.

There were reasons for the US to be ahead back then that no longer apply, though. The two World Wars. The greater importance of land and natural resources to GDP back then. The US having a large internal free trade zone.

Currently the US operates with a pretty significant human capital disadvantage from the high black and indigenous population.

There's also a straightforward theoretical explanation for high taxation and welfare spending to reduce GDP level path: Diversion of resources away from investment and towards consumption, plus deadweight loss from high taxes. Why knock yourself out if it's only going to make a small difference in after-tax pay?

I'm not sure it's true that the US spends as much on welfare as Western Europe. I've looked into this before, and IIRC several of those countries spend more. But even if it does, this doesn't contradict the claim that the US is richer because it spends a smaller percentage of GDP on subsidizing consumption.

Consider that if I consistently spend 50% of my income on consumption and invest the rest, eventually I will end up spending more on consumption than my coworker who has the same salary and consistently spends 90% and saves 10%, precisely because limiting my consumption spending to a smaller share of my income has enabled my income to grow faster.

AFAIK Mizrahim don't have especially high average IQ (as I understand it their lower average SES is a point of contention in Israel), so they don't really count for purposes of measuring the size of Israel's Jewish talent pool. I also wonder about self-selection of Israeli Ashkenazim. Maybe they didn't get the cream of the crop?

IMO these are very different. Sheeple passively accept the status quo, while NPCs actively recite a script, which may or may not be supportive of the status quo.

Oh, sorry, I didn't see this until now. It was about a year and a half, half because I wanted a break, and half because I really hate updating my resume and kept putting it off.

I haven't really dug into the issue, but my recollection is that her recall election was close enough that any loss of supporters due to redistricting would have made reelection unlikely.

But maybe it was more than pendulum swinging back towards the center than the redistricting.

The radical DSA councilwoman retired, and was replaced with the "more conservative" of the two choices

This was due to a redistricting that pretty much guaranteed she would lose, right?

Assuming no genetic racial variance in relevant traits, and assuming no other policy or social interventions of any kind, how long would you expect it to take from the day that there is zero race-based discrimination anywhere in the country, to the day when all racial wealth and achievement gaps have been completely eradicated?

My answer is 'probably around 300 to 500 years.'

No, this is wrong, wrong, wrong, and flatly contradicted by multiple streams of available evidence.

First, there's the historical example of East Asian and Jewish Americans. Yes, recent immigration from East Asia has been selective, but East Asians had already pretty much caught up with whites by the late 60s, before selective immigration really got going, and I don't think there was ever much selective immigration with Jews, who were already so overrepresented at top universities that Harvard imposed quotas in the 20s, when antisemitism was still a very real problem.

Second, poverty just isn't that sticky. The intergenerational rank-rank elasticity of permanent income (i.e. lifetime earnings) is about 0.4, meaning that on average, the children of parents at a given permanent income level will regress about 60% of the way to the 50th percentile.

Note that that 0.4 elasticity is not purely due to the stickiness of exogenous poverty, as much of it is due to the heredity of cognitive and personality traits. The true exogenous effect of parental income is considerably smaller than this. What this means is that we can expect regression to the mean in just a generation or two. This is commonly observed with truly exogenous poverty, e.g. with Vietnamese refugees.

Finally, rapid regression towards the mean was observed with black families during and for approximately one generation after the Civil Rights Era. And then it stopped, and has now been stalled out for two generations. We now see downward mobility of black men born into families with permanent incomes above the black mean, even when below the white mean. In other words, black men regress towards a lower mean than white men. It's tough to pin this on the the intergenerational stickiness of poverty (even ignoring the aforementioned fact that it's not actually that sticky), but is exactly what we would expect to see if there were a genetic basis for the achievement gap.

Raj Chetty says that this isn't consistent with a genetic basis for the gap because black women don't exhibit the same degree of downward mobility, but the case of women is more complicated because the shortage of reliable black men means that black women are more dependent on their own incomes than white men. Furthermore, black women from middle-class families are especially well positioned to benefit from affirmative action because they're less likely to have criminal records than black men. Finally, black women still do not exhibit the upward mobility that we would expect to see if their parents' poverty were truly exogenous.

Food poisoning worked for me.

Wasn't ye plural?

In a nutshell: If we adopt the FairTax, many taxes are gone, replaced by a 23% sales tax on new products and services.

It's actually defined such that the tax is 23% of the total amount you pay, including tax. So if the total price is $100, $23 goes to the tax and $77 to the seller. It's more like a 30% tax.

I couldn't find any reference to Cohn from more than a few years ago.

Parties are private organizations, though. They can just disregard the Colorado primary in deciding which candidate to back in the general election, can't they?

Worst back pain I ever got was from shaving wrong. Somehow.

I do not get the appeal of dogs with small heads and long faces. Those things creep me out.

As I understand it, heritability can only be greater than 100% if you have negative gene-environment correlation, i.e. if the people with higher polygenic scores tend to raise their children in environments less conducive to increasing intelligence.

Hypothetically you could have infinite heritability if environment perfectly cancelled out genes, resulting in everyone having equal intelligence despite variation in genetic potential.

The Law of Merited Impossibility wasn't what I was thinking of, because it was definitely a sequence of assertions, shifting over time as earlier stages become untenable. The Narcissist's Prayer is much more similar to what I had in mind. The name doesn't ring a bell, but maybe that was it.

The link has expired. What was it?

The stuff I was doing last week is all out of bounds, I'm not going to be doing KBs or Olympic lifts for a while.

I don't know exactly what's wrong with your back, but two-handed kettlebell swings have actually really helped when I've tweaked my back, as I do every five years or so.

What I do is start with a conservative range of motion, and then after several reps the pain-free range of motion increases a bit. I continue until I can do the full range of motion pain-free. Usually the pain comes back after a while, but it gives me short-term pain relief and probably accelerates healing.

Not sure if this works as well for the upper back, but it's worth a try. Generally you want to use the injured muscles ASAP to increase blood flow to the injured tissue, rather than just resting it completely.