Author Topic: Economics Culture  (Read 2388 times)

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Offline eyeball

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Re: Economics Culture
« Reply #195 on: April 10, 2021, 10:23:22 am »
Can't be done.  You could more easily reframe economics to not count it somehow.
We already do that by regarding our planet's natural capital as something that's external to our economy.

This is why wringing our hands and crying 'but what about the grandkids' seems so disconnected from reality.

Offline wilber

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Re: Economics Culture
« Reply #196 on: April 10, 2021, 10:41:17 am »
Can't be done.  You could more easily reframe economics to not count it somehow.

The planet we live on is doing that already.
« Last Edit: April 10, 2021, 11:51:05 am by wilber »
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Offline MH

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Re: Economics Culture
« Reply #197 on: April 10, 2021, 12:14:52 pm »
1. We already do that by regarding our planet's natural capital as something that's external to our economy.

2. This is why wringing our hands and crying 'but what about the grandkids' seems so disconnected from reality.
1. I don't think so.

2. I think you are just saying "we're doing bad things".  I agree but "growth" isn't the same thing as consuming more resources and so let's start better conversations with better starting points.

Offline MH

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Re: Economics Culture
« Reply #198 on: April 10, 2021, 12:15:10 pm »
The planet we live on is doing that already.

What eyeball said, and what I replied.

Offline wilber

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Re: Economics Culture
« Reply #199 on: April 10, 2021, 01:29:10 pm »
What eyeball said, and what I replied.

This pandemic should be a wake up as to what nature can do to human ideas about growth.
"Never trust a man without a single redeeming vice" WSC

Offline eyeball

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Re: Economics Culture
« Reply #200 on: April 10, 2021, 01:43:33 pm »
This pandemic should be a wake up as to what nature can do to human ideas about growth.
Apparently the birth rate has dropped significantly.  Is it because people are fightin' more then ****in' or are they having 2nd thoughts about bringing kids into a world FUBAR?

Offline Gorgeous Graham

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Re: Economics Culture
« Reply #201 on: April 10, 2021, 02:22:35 pm »
Apparently the birth rate has dropped significantly.  Is it because people are fightin' more then ****in' or are they having 2nd thoughts about bringing kids into a world FUBAR?

People can't date or meet people.
I can tell how good of a person you are by how you treat the people you disagree with.

Offline eyeball

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Re: Economics Culture
« Reply #202 on: April 10, 2021, 03:38:27 pm »
People can't date or meet people.
Well, I was talking about people who'd made it past that stage.  People must be a lot more impatient these days or something.

Offline MH

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Re: Economics Culture
« Reply #203 on: April 10, 2021, 06:36:09 pm »
This pandemic should be a wake up as to what nature can do to human ideas about growth.

The pandemic won't make a dent in growth for long.

Offline wilber

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Re: Economics Culture
« Reply #204 on: April 10, 2021, 07:31:52 pm »
 :-*
The pandemic won't make a dent in growth for long.

Well we don’t really know how long it will last or how much damage it will do. We are looking to vaccines to return things to normal while it is getting worse in much of the world.  It just goes to show how Mother Nature can crap on our great assumptions about the future in a heartbeat and how vulnerable the whole world is to this kind of thing. Everything has its limits.
"Never trust a man without a single redeeming vice" WSC
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Offline eyeball

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Re: Economics Culture
« Reply #205 on: April 10, 2021, 08:36:48 pm »
It just goes to show how Mother Nature can crap on our great assumptions about the future in a heartbeat and how vulnerable the whole world is to this kind of thing. Everything has its limits.
I recall reading that Stephan Hawking thought one of our main orders of business should be a defense against asteroids and comets - another matter of when as opposed to if.

Offline Gorgeous Graham

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Re: Economics Culture
« Reply #206 on: April 10, 2021, 10:01:12 pm »
The pandemic won't make a dent in growth for long.

Unless the variants become like the flu and this never ends.
I can tell how good of a person you are by how you treat the people you disagree with.

Offline MH

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Re: Economics Culture
« Reply #207 on: April 11, 2021, 06:31:26 am »
Unless the variants become like the flu and this never ends.

I read that they naturally subside in impact...

Offline waldo

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Offline wilber

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Re: Economics Culture
« Reply #209 on: April 27, 2021, 11:48:04 am »
Canada is following the same policy. For Federal Reserve read Bank of Canada.

https://www.bnnbloomberg.ca/stimulus-could-lead-to-long-term-bond-bear-market-gundlach-1.1595878

Quote
Who’s going to buy all these many trillions of dollars of bonds? Well, it’s not foreigners, they’ve been selling for years, and they’ve accelerated their selling in the last several quarters. Domestic buyers haven’t done any net buying in years either – they’re not exactly selling, but they’re not adding to their holdings,” he said. “So what’s left to adsorb all of this bond supply is the Federal Reserve.”

On inflation.

Quote
“I’m not sure why they think they know that it’s transitory: how do they know that? I mean, there’s plenty of money printing that’s been going on, and we’ve seen commodity prices going up really massively,” he said.
“It’s not clear to me that inflation is going to go back down to around two-and-a-half or two per cent. We don’t know, nobody knows, I’m most concerned about the fact the fed thinks they know.”
Gundlach said the degree and depth of the potential selloff in bonds depends almost entirely on the scope of further asset purchases by the U.S. Federal Reserve.
« Last Edit: April 27, 2021, 11:59:06 am by wilber »
"Never trust a man without a single redeeming vice" WSC