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@GhostOnTheHalfShell@masto.ai avatar

GhostOnTheHalfShell

@[email protected]

opinionated lurker of the intarwebs.

Used to write code, still do. c/c++, java, php, js, c#, gdscript, gnawed on sql, sparql, unix/windows etc etc billions of years ago.

tech, graphics, anything STEM
anything anthropology, history, linguistics
anything blender, gimp (although i scream using it), audacity
prefers not to be run over by cars

I drink Philz.

I do a (non-monetized) video or so a week on yt.

Tyranny and poverty are everywhere a mainstream economics phenomenon.

This profile is from a federated server and may be incomplete. Browse more on the original instance.

GhostOnTheHalfShell , to random
@GhostOnTheHalfShell@masto.ai avatar

@economics@a.gup.pe

“ One look at this chart should be sufficient to understand why the Great Crash of 1929 was both great, and a major cause of the Great Depression which followed it, and why levered speculation, rather than rational calculation, dominates the behaviour of asset markets.”

https://profstevekeen.substack.com/p/your-margin-and-your-life

🧵

GhostOnTheHalfShell OP ,
@GhostOnTheHalfShell@masto.ai avatar

@economics@a.gup.pe

“ Finance, and banking, and macroeconomics, are therefore integrated topics: they cannot be treated as separate domains, as Neoclassical treats them. My focus in this book is on how macroeconomics and the theory of banking need to be overhauled, and a similar overhaul is needed of finance theory.”

🧵

GhostOnTheHalfShell OP ,
@GhostOnTheHalfShell@masto.ai avatar

@economics@a.gup.pe
@academicchatter

“ I won't attempt that here, but fortunately, that process has been started by a group of mathematicians in the London Mathematical Laboratory. They are developing what they call "Ergodicity Economics" to replace the existing theory of finance.”

GhostOnTheHalfShell , to random
@GhostOnTheHalfShell@masto.ai avatar

Cory, as always on a tear

“ You ask Amazon, "What's your cheapest batteries?" and it lies to you. If you click the first link in a search-results page, you'll pay 29% more than you would if you got the best product – a product that is, on average, 17 places down on the results page.”

Capitalism is premised on markets with price transparency, at least by the marquee claims made in econ101.

🧵

https://pluralistic.net/2024/03/26/glitchbread/#electronic-shelf-tags

GhostOnTheHalfShell OP ,
@GhostOnTheHalfShell@masto.ai avatar

@KatLS @thehomespundays @academicchatter

They are working on it. Traditional values and the like

GhostOnTheHalfShell OP ,
@GhostOnTheHalfShell@masto.ai avatar

@thehomespundays @KatLS @academicchatter

I want to point out another distinction, neoclassical economics refuses to respond to explicit evidence, both mathematical and empirical, that their theories are garbage. I don't know how many science departments get away with that.

GhostOnTheHalfShell , to random
@GhostOnTheHalfShell@masto.ai avatar

Quite Shallow is back. Taking names and chewing bubble gum.

I have to admit never waking in the morning being able to cop bitch this well.

https://youtu.be/cfVaB-ijUrA

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