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Messages - More Than Mortal

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4141
The Flood / Re: You just won $1 million.
« on: July 12, 2015, 05:13:23 PM »
Anybody not saying the stock market is a moron.

Well, so long as your portfolio is properly diversified and you don't pussy out when prices crash. That's when you're supposed to buy, fuckwads.

4142
The Flood / Re: What beers, whiskies, etc... have you drank?
« on: July 12, 2015, 05:06:43 PM »
-Johnny Walker
Johnny Walker black label is objectively the best whiskey out there.

Red label if you're budgeting.

4143
Serious / Re: 9 natural experiments in economics
« on: July 12, 2015, 04:55:09 PM »
You can make this a point of you focusing on the micro economy, but what is the macro economy made up of?
That's just not a correct question to ask.


4144
The Flood / Re: try to make me laugh
« on: July 12, 2015, 03:16:36 PM »
What organ in the female body remains warm even after death?

My cock.

4145
The Flood / Re: try to make me laugh
« on: July 12, 2015, 03:14:47 PM »
What's the difference between Hitler and the Boston bombers?

The Boston bombers could actually end a race.

4146
The Flood / Re: try to make me laugh
« on: July 12, 2015, 03:12:00 PM »
Why do you put the baby in the blender feet first?

Spoiler
So it can finish sucking you off.

4147
The Flood / Re: try to make me laugh
« on: July 12, 2015, 03:10:30 PM »
What's eight inches long, red and makes my girlfriend cry when I put it in her mouth?

Spoiler
Her miscarriage.

4148
The Flood / Re: try to make me laugh
« on: July 12, 2015, 03:07:59 PM »
What's the leading cause of paedophilia?

Spoiler
Sexy kids.

4149
The Flood / Re: try to make me laugh
« on: July 12, 2015, 03:06:15 PM »
Who are the worlds fastest readers?

Spoiler
9/11 victims. They went through 80 stories in ten seconds.

4150
The Flood / Re: try to make me laugh
« on: July 12, 2015, 03:05:24 PM »
Little Jimmy is in his room playing with his toy cars when a wormhole opens up and a man steps out. "Jimmy! I'm you from the future!"

Shocked, little Jimmy replies, "Really?! Wow! What do I become when I grow up?"

"A pedophile," Older Jimmy says, locking the door.

4151
The Flood / Re: try to make me laugh
« on: July 12, 2015, 03:03:57 PM »
What's the first thing you do after you rape a deaf girl?

Spoiler
Cut off her fingers so she can't tell anyone.

4152
Serious / Re: 9 natural experiments in economics
« on: July 12, 2015, 02:57:43 PM »
It got to him.
Stupidity does have that effect on smart people.

4153
Serious / Re: 9 natural experiments in economics
« on: July 12, 2015, 02:54:48 PM »
but remember my answer? One word.
How are you failing to grasp that this is exactly what made it such a stupid, poor answer?

4154
The Flood / Re: try to make me laugh
« on: July 12, 2015, 02:52:09 PM »
What's the difference between Isaac Newton and the baby I just stabbed to death?

Spoiler
Isaac Newton died a virgin.

4155
The Flood / Re: try to make me laugh
« on: July 12, 2015, 02:50:27 PM »
Three pregnant women are knitting sweaters for their babies at the OB/GYN waiting room.

The first one takes a pill out of her purse and says, "I want my baby to have a strong nervous system, so I'm taking a folate pill."

The second one takes a pill out of her purse and says, "I want my baby to have healthy blood, so I'm taking an iron pill."

The third one takes a pill out of her purse and says, "This is thalidomide."

The other two women look in horror. "WHY?!"

The third one calmly replies, "I just fucked up the sleeves on this sweater."

4156
The Flood / Re: try to make me laugh
« on: July 12, 2015, 02:48:20 PM »
What breaks when you give it to a toddler?

Spoiler
Their hips.

4157
Serious / Re: 9 natural experiments in economics
« on: July 12, 2015, 02:46:27 PM »
...

That's on the same level as my answer, only more explaining.
You basically just said "It's the same but better".

Think before you speak.

4158
The Flood / Re: try to make me laugh
« on: July 12, 2015, 02:45:33 PM »
What's the best way to get bubblegum out of your hair?

Spoiler
Cancer
.
I thought it was the chemotherapy that gave you hair loss. Actually, I'm pretty sure that is the case.
SHUT THE HELL UP YOU INSUFFERABLE cunt

4159
The Flood / Re: try to make me laugh
« on: July 12, 2015, 02:44:59 PM »
What's the difference between an ISIS training camp, and a school?

Spoiler
Don't ask me, I just fly the drone.

4160
The Flood / Re: try to make me laugh
« on: July 12, 2015, 02:42:23 PM »
What's the best way to get bubblegum out of your hair?

Spoiler
Cancer
.

4161
Serious / Re: 9 natural experiments in economics
« on: July 12, 2015, 02:34:14 PM »
Next time specify if you want a specific kind of answer.
Oh my God, fuck off.

4162
Serious / Re: 9 natural experiments in economics
« on: July 12, 2015, 02:33:53 PM »
How is #5 related to economics?
It's not as obvious as the others, but it's clear enough that prenatal development and educational attainment affect quality of life.

Was a judgement call, more than anything else.

4163
The Flood / Re: try to make me laugh
« on: July 12, 2015, 02:31:48 PM »
the jellyfish is my favorite animal
Jellyfish are fucking evil. They should be exterminated.

4164
Turns out the Gulf War was clearly justified and had significant positive ramifications for the country, and to call Saddam a "two-bit dictator" exposed how worryingly out of touch Sanders was and is.
LOL

never taking an opinion of yours seriously again
Keep digging that hole buddy.

OT: He believes what he says, but he's still a populist and still an idiot.

4165
Serious / Re: Econ 101
« on: July 11, 2015, 08:46:19 PM »
Cool. Will start checking the local public library first, then the college library and finally amazon.
A couple of those are online pdfs, do a google search first of all.

4166
Yes.

This one time I dreamed of you.

You're a meme.

4167
The Flood / Re: Results day
« on: July 11, 2015, 07:59:30 PM »
Get my A-level results August 13.

Probably fucked them up.

Lol.

4168
The Flood / Re: NOPE Thread
« on: July 11, 2015, 07:54:39 PM »
All aboard the Nopetrain to Nopeville
Spoiler
Bungie Nope'd all over themselves with that gem
I fucking love your avatar.

4169
Serious / 9 natural experiments in economics
« on: July 11, 2015, 07:42:29 PM »
1. The Oregon Health Insurance Experiment

Basically, in early 2008, Oregon opened up a waiting list for its Medicaid programme to low-income adults who had previously failed to attain enrolment. 90,000 people applied for 10,000 openings, creating a beautiful natural experiment, allowing economists to study the effects of Medicaid coverage. Oregon used a lottery to allocate the places.

Four papers were eventually released enumerating the effects: the first studied self-reported health, healthcare utilisation and medical debt; the second dealt with clinical outcomes; the third with emergency department use; and the fourth with labour market outcomes.

The chief findings of these studies were that:

An increase in healthcare utilisation, namely though higher hospitalisation rates, emergency-dept. visits, outpatient visits, prescription drug use and and preventative-care use.

Decreased financial strain through fewer medical debts, and a virtual elimination of bank-breaking out-of-pocket payments.

Improved self-reported health and lower rates of depression, but no impact on actual physical health outcomes.

No effect on employment or earnings.

2. The effect of military service on lifetime earnings

Josh Angrist's PhD thesis tried to test how military service impacted people's lifetime earnings. This is notoriously difficult to measure, since certain personality traits which lead to people joining the army in the first place could also cause a propensity for lower earnings later in lifetime.

So Angrist used the draft during the Vietnam War as a natural element and analysed the results. He found that, among white men, serving in the army reduced lifetime income by 15pc.

3. The impact of the minimum wage in New Jersey's fast food industry

I'll just quote their abstract for this one: “On April 1, 1992, New Jersey's minimum wage rose from $4.25 to $5.05 per hour. To evaluate the impact of the law we surveyed 410 fast-food restaurants in New Jersey and [neighbouring] eastern Pennsylvania before and after the rise. Comparisons of employment growth at stores in New Jersey and Pennsylvania (where the minimum wage was constant) provide simple estimates of the effect of the higher minimum wage”.

4. The impact of the 1918 Influenza Epidemic on the post-1940 US population

Douglas Almond sought to test the Barker hypothesis, which claims that a foetus's prenatal environment may have an impact on their health decades into their life. During the time that Spanish Flu impacted the US, 33pc of all women of childbearing age contracted it.

Using U.S. Census data collected in 1960, 1970 and 1980 which identifies the individuals’ place and time of birth, Almond found that individuals who were in utero during the pandemic had, on average, increased rates of physical disability (pictured below), reduced educational attainment, and lower income and socioeconomic status.

5. The effect of Ramadan on children in utero

Another one from Almond. During Ramadan, there is a high compliance rate among pregnant Muslims, despite the fact that many Islamic scholars claim Ramadan is not obligatory for such women. Conducting a study on children aged 7, Almond found that children whose pregnancies overlapped with Ramadan performed worse in maths, reading and writing. The effects were most significant among children whose first three months of gestation overlapped with Ramadan.

6. The effects of the 1944-45 Dutch famine on children in utero

Official rations in occupied Netherlands during this period dropped to as low as 500 calories a day, and 20,000 people died of starvation. The west of the country was harshly effected, while the north and south escaped the worst of it. This allowed researches to study the effects of famine on prenatal development; the results were higher rates of diabetes, schizophrenia and obesity in later life.

7. The impact of mass immigration on Miami's labour market

Most economists agree that the average American would be better off if more low- and high-skilled immigrants were allowed to move into the US, but this faces considerable popular push-back in the US and Europe. David Card analysed the effects of the Mariel Boatlift, wherein 125,000 Cubans arrived in the US between April and September 1980.

This caused the Miami labour force to grow by 7pc, and yet Card found that this large increase in unskilled labour didn't impact the employment prospect or earnings of native unskilled labour in the Miami area.

8. The effect of class sizes on performance in Israel

Joshua Angrist returns, and this time he's studying the effects of an 800-year-old Israeli law. The rule is derived from the teachings of Maimonides, who said: "Twenty-five children may be put in charge of one teacher. If the number in the class exceeds twenty-five but is not more than forty, he should have an assistant to help with the instruction. If there are more than forty, two teachers must be appointed." A strict application of this rule would mean that a school with eighty students would have two classes of forty, while a school of eighty-one would have three classes of twenty-seven.

This has created sharp discontinuities in Israeli class size, so Angrist used this to study the effects of class size on performance. He found that reductions in class size improved maths and reading scores for fifth graders, improved reading scores for fourth graders and had no effect on third graders.

9. The impact of MTV's "16 and pregnant" on teenage pregnancy

Phillip Levine and Melissa Kearney drew on Google and Twitter trends, and found that searches and tweets about birth control and abortion spiked when the show was being aired and in areas where it was popular. They found that the show resulted in a 5.7pc reduction in teen pregnancies between June 2009 and the end of 2010, which can account for 33pc of the total reduction in teen pregnancy during this period.

4170
Serious / Re: Econ 101
« on: July 11, 2015, 07:38:11 PM »
Important reading will be marked with a *

MACROECONOMICS:
-David Hume, Of Money, 1759. Monetary policy begins properly with Hume, and it should offer a perspective on historical macroeconomics.

Adam Smith, The Wealth of Nations, 1776. The first proper codification of classical economics. A bit antiquated, and tough to read through, but rewarding if you're willing to put the effort in.

Knut Wicksell, Lectures on Political Economy, 1908.

Irving Fisher, The Money Illusion, 1927.

Milton Friedman and Anna Schwartz, A Monetary History of the United States, 1962.

*Milton Friedman, The Role of Monetary Policy, 1968. Gives a nice, fairly readable account of the responsibilities of monetary policy. Take it with a grain of salt, however, Friedman's policy recommendations concerning monetary policy have been largely discredited since the 1990s.

*Bob Lucas, Understanding Business Cycles, 1977. A nice, non-technical paper from a New Classical perspective.

Angus Deaton, The Great Escape, 2013. A good introduction to economic growth.

*Tim Harford, The Undercover Economist Strikes Back, 2014. Deals with business cycles.

Todd Knoop, Recession and Depressions, 2010. A more technical look at aforementioned business cycles.

*BEA, Measuring the Economy: A Primer on GDP, 2014.

*Martin Eichenbaum, Some Thoughts on Practical Stabilisation Policy, 1997.

Galbraith, The New Industrial State, 1967.

David Romer, What Have we Learned About Fiscal Policy Since the Crisis?, 2011.

Lars Svensson, What Have Economists Learned About Monetary Policy Over the Past Fifty Years?, 2007.

Frederic Mishkin, Monetary Policy Strategy: Lessons From the Crisis, 2009.

*Frederic Mishkin, Is Monetary Policy Effective During Financial Crises?, 2009. A very nice, short paper for those who want to know about contemporary monetary policy and their role during crises.

THE FINANCIAL CRISIS:
Bob Lucas, In Defence of the Dismal Science, 2009.

Paul Krugman, How did Economists get it so Wrong?, 2009.

John Cochrane, How did Paul Krugman get it so Wrong?, 2009.

*Alan Greenspan, The Crisis, 2010.

EAST ASIA:
Ben Bernanke, Japanese Monetary Policy: A Case of Self-Induced Paralysis?, 1999.

Paul Krugman, The Myth of Asia's Miracle, 1994.

RUSSIA:
Oppenheimer, Russia's Post-Communist Economy, 2001.

INDIA:
Roy, Economic History and Modern India, 2002.

AFRICA:
Paul Collier, Why has Africa Grown so Slowly?, 1999.

EUROPE:
MA Wynne, The European System of Central Banks, 1999.

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