Economics

[Pimpin]

Well I had second doubts if I should open this thread. I just hope it doesn't turn into a politicial shitstorm. In this thread we can talk about various economic views, methodologies from all type of schools.

So to start the thread, i've been reading a lot of classical econ books, a bit philosophical. I started reading in the beginning from Austrian school, until i read about their competing currencies, I would write a critique about it if someone is interested (they did a presentation at my school, the president of hayeks institute did a presentation, and that did it for me, they seemed like frauds, interested only on the income tax and nothing else, fuck them,still might do an internship at their research center, so fuck them a little bit less).

Also I started a blog of mine, doing amateur articles , writing my views, from a libertarian/conservative perspective.



So yeah..

 

[ADRossi]

Let's break down the implications of the Euro Zone's inevitable collapse

 

[Pharaoh]

asshole


Tbh taking econ in highschool opened my eyes to a completely different viewpoint. Also micro-econ was so much more interesting to me than macro

 

[Dylan]

I hated micro.

 

[Pimpin]

asshole


Tbh taking econ in highschool opened my eyes to a completely different viewpoint. Also micro-econ was so much more interesting to me than macro

same here, I was more of a welfare type of guy since my father worked and had a degree on sociological politics or some shit like that 30 years ago. First 4 chapters in microeconomics are eye opening, the basics. After that it got more complicated on gametheory and probability but still far more exciting than macro. I love it how in Micro u don't have no bullshit, u can't complicate it, u can't make fallacies, its straight up truth with accurate assumptions.

I have currently macroeconomics, and i hate it. I especially hate the first 3-4 chapters, which are basically how the G is so good. Only in the last chapters do they explain the whole story, how it can fuck the I, and how it can fuck up a country for decades. Good Monetarism ftw.


Do you people see how the utopia Brazil has fallen down? On going Stagflation. From BRIC countries, IMO only India will have growth, those motherfuckers will fuck a China in the ass.

 

[ADRossi]

I prefer Macro to Micro

 

[Pharaoh]

I prefer Macro to Micro

I'll bet you do........

 

[Pimpin]

I prefer Macro to Micro

explain, keynes

 

[ADRossi]

explain, keynes

The topics of Macro just interest me more. GDP, consumption, investment, exchange rates, international trade, net exports...variables like that I enjoy applying. Plus, when you study economics in school (I'm minoring in it), I have found that macro courses tend to be more math based than micro courses, and I'm good at math.

I'll bet you do........

 

[Pharaoh]

Yeah Micro is more logical, must be a little too difficult

 

[Pimpin]

well I am not that good in math. I do like international economics(something similar im minoring in), I do like exchange rates, international trade, investments is interesting, but i do not like to get in those waters. But I just think it's like studying uranium, its good to understand them, but tweaking/playing can be used for bad purposes as well as good.

What economic school of thought u like?


I have been writing articles, criticising mercantile parties in Kosovo who are getting more and more popular, so far only people who understand what I'm saying are giving me a good feedback, others called me a traitor, how ironic

 

[ADRossi]

I'm by no means an economics expert, so my overall knowledge beyond basic concepts is fairly limited.

I have been following the situation in Europe attentively, as it is the one that can directly affect many of us. I've been clamoring for years for Greece to drop the Euro and go back to the Drachma.

As you may know, I live in Canada and right now our exchange rate has completely fallen off a cliff. Simultaneous to this, our oil prices have bottomed out. Living in a country where one of the three biggest industries have fallen apart, the consequences are severe. Canada's three main industries are natural resources, financial, and manufacturing. A lot of people in the Western part of the country have lost their jobs as a result of the Oil Rigs in Alberta suffering from the dramatic fall in prices as OPEC attempts to do whatever it is they're trying to accomplish.

 

[Pimpin]

hahaha, don't worry I'm second year so my knowledge doesn't go beyond basic concepts. I too think having a common currency without common cultures, without central banks is a recipe for disaster.

Well, I criticise people who rely on their "share" of natural resources in a country, because it cripples a countries human capital. Also i hate how people keep quoting how good medical care is in Norway and Canada where largely those countries had extra income from oil.

Oil is pretty interesting, it was a classic mercantile move from USA, most of their allies produce oil at lower than 50$ price (saudi arabia), USA could take a hit by subsidising heavily their oil rigs(hence why they became #1 oil producer), resulted in fall of exports in russia, which ruined their currency, as it did to Iran. I think they tried to run them to the ground and get them to submit to a nuclear deal.

 

[Manusnovic]

Well I had second doubts if I should open this thread. I just hope it doesn't turn into a politicial shitstorm. In this thread we can talk about various economic views, methodologies from all type of schools.

So to start the thread, i've been reading a lot of classical econ books, a bit philosophical. I started reading in the beginning from Austrian school, until i read about their competing currencies, I would write a critique about it if someone is interested (they did a presentation at my school, the president of hayeks institute did a presentation, and that did it for me, they seemed like frauds, interested only on the income tax and nothing else, fuck them,still might do an internship at their research center, so fuck them a little bit less).

Also I started a blog of mine, doing amateur articles , writing my views, from a libertarian/conservative perspective.



So yeah..

God bless you pimpo, A good thread. That's what I am to study in University

 

[Wings]

I liked macro more than micro until I took the second part of my intermediate micro sequence. Things like game theory, Arrow's theorem. Very fascinating.

 

[Handoyo]

My favorite subject at college tbh. Got an A+ for it or something lol. #nerd

Too damn bad I only scratched the surface and took it on the last semester just so I have enough credit to graduate.

 

[Pimpin]

I really dislike IS-LM curve :middlefinger:

 

[Manusnovic]

Are you in college or university pimpo?

 

[Pimpin]

Are you in college or university pimpo?

yeah I am, undergraduate on international economics. Second year.

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Iam stuck on some macroeconomic bs right now, shit doesn't even make sense

 

[Pimpin]

anyone here on finances? need a book to read after reading mishkins basics