Everything net
Everything relevant to the thought
... I have no idea. https://t.co/kFojw7CxsT This chart debunks the widely-held belief that housing construction was out of control in 2005. Housing production was actually pretty normal! ...
... What was exceptional was the deep post-2007 housing bust—driven I think by the mistaken belief there had been a big housing bubble. https://t.co/MEOt8eRT7J This chart helps to illustrate why home prices have risen so much in the last few years: the sticker price is at a record high, low interest rates ...
... So people keep upping their bids. https://t.co/TfGPftqOoj I'm grateful to @PEWilliams_ for giving me the data to make this chart. ...
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... This part of the population is usually where the manipulation happens (i.e. politics) ...
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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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... I'm reading @mattyglesias and thinking that bubble-phobia was a major factor behind the bad economic performance of the Bush and Obama years. https://t.co/p8zhQAIA2D https://t.co/xBi4kjjAXK In the early 2000s, people exaggerated the frothiness of the tech bubble and the harms from its crash. ...
... When a sluggish recovery finally started to gain steam in 2004-5, triggering a housing boom, people once again over-estimated its frothiness. This bubble frame caused the Fed to react too slowly to the onset of the Great Recession from December 2007 to September 2008. ...
... Then the idea that 1999 and 2006 were driven by unsustainable bubbles, as opposed to just being healthy economic booms, prevented people from recognizing how far the US economy was below potential from 2010 to 2015. ...
... People in the early 2010s assumed we had to live with a permanently shitty economy to avoid having more bubbles. But now we know that was wrong. The economy was still way below potential in 2015, and it's possible to recover rapidly from a recession with appropriate macro policy. ...
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... [https://www.inc.com/bill-murphy-jr/how-emotionally-intelligent-people-use-send-a-bible-rule-to-become-remarkably-more-memorable.html](https://www.inc.com/bill-murphy-jr/how-emotionally-intelligent-people-use-send-a-bible-rule-to-become-remarkably-more-memorable.html) ...
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... A lot of people think that the size of the American housing "bubble" in 2005 made a housing crash inevitable. But if you compare the US to peer nations this isn't so obvious. https://t.co/hGWTzTUZyN https://t.co/HsqHfSaqxU Canada, the UK, and France all had bigger housing booms than the US. ...
... 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. ...
... So return to to the US: most people think the size of the housing bust meant the Fed was powerless to prevent the Great Recession. I think this is backwards. If the Fed had cut rates more aggressively in 2007 and early 2008, we would have had a much smaller housing downturn. ...
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... I think people mostly still think about the changes of the last 30 years in terms of the tone of political arguments getting nastier: annoying but ultimately not that important. But I think the governments ability to deal proactively with emerging problems has been degraded significantly. ...
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... Society needs to produce fewer factories and machine tools and more beer and pairs of pants (or whatever). ...
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... Only groups in which members fall to this kind of manipulation by their leaders can win against groups in which no one is as "foolish". Thus group selection (i.e. gene pool) will have adaption pressure on having some gene member manipulators and others manipulatees. ...
... 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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... Another possibly more direct link between art appreciation and social competition might be that the appreciation of art is an anchor for developing a common appreciation of abstract things and serves as a foundation for stronger social coherence such as religion which is also about common beliefs of ...
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... There were many examples of the impacts Darwinism made on societies. With a secular understanding of where the human species came from, humans became more accepting of human nature with religion fading further to the back seat. ...
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... Looking at society as a gene pool that compete with other gene pools, the inner structure/stratification/diversity of the gene pool can be better understood and this can probably be done easily with some math model and computer simulation. ...
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... If this mystery is solved by EDSC, then can it turn into a foundation for a deep historical optimism? ...
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... It's more evident that the majority of a social group is prone to manipulation, be it religion, ideologies, etc while liberal democracy is just one of them to support elected orligarchy. And that is supported by group competition theories. ...
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... The fact is that all moral beliefs propagated from the top were prescribed as moral truth. (Morality as manipulation) As a result, from Roman emperor to Crusade, Hitler, Stalin, the whole business of someone representing the moral truth is a history of moral tragedies. ...
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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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