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... This @JosephPolitano writeup is invaluable for understanding how this works. https://t.co/mmlaHCOVYW https://t.co/xtCyVhGzZl The use of OER to measure housing costs strikes a lot of people as goofy when they first hear about it. ...
... You could survey homeowners on their mortgage payments, but then would you price it based on the mortgages people actually pay (which would include people who bought homes 20 years ago and therefore have tiny payments) or what they would pay if they bought their house now? ...
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... Yet none of them experienced a crash anywhere near as large as ours. When I share this image people sometimes suggest I'm cherry picking, since other major economies don't look like the ones for the UK, Canada and France here. ...
... The biggest downturn was in Spain, whose unemployment rate was above 20 percent from 2011 to 2015. Italy had the smallest housing boom in the chart yet still suffered a major downturn in housing prices as tight money strangled its economy. ...
... Looser money could have produced a 10 or 20 percent price drop in housing rather than 30 percent. That would have meant a milder recession and perhaps no financial crisis in 2008. Oops I linked to the wrong article at the top of this thread. ...
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... In popular media, there is often a connection drawn between the advent of awareness in artificial agents and those same agents simultaneously achieving human or superhuman level intelligence. ...
... We find that all three theories specifically relate conscious function to some aspect of domain-general intelligence in humans. ...
... Given this apparent trend, we use the motivating example of mental time travel in humans to propose ways in which insights from each of the three theories may be combined into a unified model. ...
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... This person is worried that I might be on the payroll of Big Optimism. Which reminded me that I should update my disclosure statement. Here it is. https://t.co/x4dR7KFUd5 https://t.co/Ca274C7UWi tldr: Full Stack Economics is fully independent and self-financed. ...
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... An economic mystery solved, I think (with a suggestion from Charlie Steindel). ...
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... Price controls VERY occasionally have their uses — during wartime when rationing is rampant and perceived fairness/lack of profiteering are important 2/ There's also a *possible* argument for temporary controls to break a wage-price spiral that is persisting despite a weak economy — although making ...
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... This, like the programmed emotion apparatus for social conformity, is a natural result of EDSC. There is evidence showing this phenomenon in modern days. ...
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... We can understand it through biology, evolutionary theories, social science. Almost every aspects of human behavior can be explained with the internal logic discovered by these scientific studies. ...
... It's only when we truly understand the origin of these behaviors, then we can possibly make some choices in deciding the meaning of being human. ...
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... If the self-understanding of our genetically programmed tendency to consume sugar and fat can help us manage those desires (with the help of technologies), then the self-understanding of our genetically programmed tendency for solidarity with "us" and adversary against "them" can help us manage that ...
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According to Peter Watson in his "ideas", The distinction between optimistic and pessimistic view of human nature was the origin of conservatism and liberalism, i.e. left and right. What will a unification of understanding of human nature mean for the political devide then?
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... For most people, does a new understanding of human nature actually change our behaviors? E.g. We came to understand that evolution made us care more about our own children than our neighbors'. Will that understanding change our behavior? ...
... What if we come to understand that evolution made us prone to hate people from outside groups? What does history tell us about this? ...
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... The Christian belief of human souls and the original sins was one of the deciding factors of collective behavior in Christendom until the Enlightenment changed those beliefs with updated understanding. ...
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... As EDSC predicted, there is adaptive pressure on successful manipulation within a social group. Thus there is adaptive pressure for religious belief or spirituality. ...
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