@GhostOnTheHalfShell@masto.ai avatar

GhostOnTheHalfShell

@GhostOnTheHalfShell@masto.ai

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

25 min

'nuff said.

https://youtu.be/8CkgCYPe68Q

dlakelan, to random
@dlakelan@mastodon.sdf.org avatar

@GhostOnTheHalfShell @economics@a.gup.pe

Here's a post I made this morning at Gelman's blog explaining why much of what's published by Economists in the media is gaslighting because it fundamentally fails to address the question of interest by failing to form an appropriate dimensionless ratio to answer the question: https://statmodeling.stat.columbia.edu/2024/05/17/how-to-think-about-the-effect-of-the-economy-on-political-attitudes-and-behavior/#comment-2372708

GhostOnTheHalfShell,
@GhostOnTheHalfShell@masto.ai avatar

@dlakelan @economics@a.gup.pe

:ablobcatbongocry:

"I can’t stress this enough, if a mathematical proof shows that logically your measure is unable to provide useful information about a process and you continue to quote it in the newspaper and use it as fundamental to your “science” then your “science” is not a science."

GhostOnTheHalfShell, to Economics
@GhostOnTheHalfShell@masto.ai avatar

@economics@a.gup.pe

An inflationary spiral based on expectations. It is a very different one from a deflationary one.

In the case of supply chain disruption (think floods and drought) it's a supply shock and at best businesses have to scramble to adapt (invest etc) to get around the problem. But hammering COL demand is perverse.

In all cases, messing around with interest rates is largely an exercise in futility.

🧵

https://youtu.be/eX4Sh1sq6HU?si=8NUW_83dz4sfUDtE

GhostOnTheHalfShell,
@GhostOnTheHalfShell@masto.ai avatar

@economics@a.gup.pe

I have to wonder if jacking interest rates "fixes" inflation in the sense that improved bank balance sheets allow them to more casually extend business operating credit. In short, it's only through business investment that supply constraints are alleviated.

Interest rates cause inflation from those who can raise prices and austerity from those who cannot.

Banks definitely raise prices.

GhostOnTheHalfShell,
@GhostOnTheHalfShell@masto.ai avatar

@economics@a.gup.pe

And given the interplay of credit and debt to income and wealth inequality, interest rates play a central role in its growth.

Prices WRT to manufacturing don't work the ways the mainstream thinks.

https://masto.ai/@GhostOnTheHalfShell/112281799226924794

GhostOnTheHalfShell,
@GhostOnTheHalfShell@masto.ai avatar

@gooba42 @economics@a.gup.pe

Technically incorrect. Per MMT, banks don't lend from anything.

Lending creates an asset (bank wealth, but not "money") and deposit at the same time. Credit money (the deposit) is created ex-nihil.

A bank may need the Fed to give it reserves to cover the deposit if its value is to be transferred to another bank.

The lending capacity of a bank is governed by its deposit-market-share, its flows and the ability of borrowers to pay

🧵

GhostOnTheHalfShell,
@GhostOnTheHalfShell@masto.ai avatar

@gooba42 @economics@a.gup.pe

Paying back the loan destroys the money created, but the bank pockets that interest charge.

Ultimately, that credit money comes straight from the Fed and government deficit.

The federal government's deficit is where banks get their (profit) money from. Out. Of. Thin. Air.

ChrisMayLA6, to climate
@ChrisMayLA6@zirk.us avatar

So while you & I might think its necessary to speed up the Green Transition & enhance/accelerate measures to reduce emissions, Shell's shareholders disagree.

The firm has just sought & obtained agreement from investors to slow down its measures to mitigate its environmental impact & reduce progress towards its own (already weak) climate targets.

More reason(s) the fossil fuels sector cannot really be central to climate response(s).

We don't have the time to slow down!

GhostOnTheHalfShell,
@GhostOnTheHalfShell@masto.ai avatar

@Npars01 @ChrisMayLA6

Absolutely, despite the fact that Women + POC powered war time manufacturing.

The idea that that experience fostered women's and civil rights a generation on is not lost on me.

GhostOnTheHalfShell, (edited ) to Economics
@GhostOnTheHalfShell@masto.ai avatar

@economics@a.gup.pe
@economics

May 21

7 min

https://youtu.be/eknE5NjNMQg

🧵

GhostOnTheHalfShell,
@GhostOnTheHalfShell@masto.ai avatar

@economics@a.gup.pe @economics

Deprogramming cults

https://www.npr.org/2021/03/02/972970805/experts-in-cult-deprogramming-step-in-to-help-believers-in-conspiracy-theories

ChrisMayLA6, to random
@ChrisMayLA6@zirk.us avatar

How do you know you've been gaslighted?

when a Bank of England director tells you its 'possible' interest rates will be reduced over the summer....

Of course its possible they'll be reduced, but my guess is they'll just want to keep them high a little longer... just to make sure those pesky workers & their demands for a return to pst standards of living have been firmly dampened down.

Perhaps, by some strange co-incidence they'll fall the month before an Autumn election?

GhostOnTheHalfShell,
@GhostOnTheHalfShell@masto.ai avatar

@dlakelan @ChrisMayLA6

I'd be curious what the (outline of) the difficulties were.

In general, not only this provides a snapshot of the economic health of a community, but might forecast where economic distress emerges. When one talks about sources of income, then their location come into question.

GhostOnTheHalfShell,
@GhostOnTheHalfShell@masto.ai avatar

@dlakelan @ChrisMayLA6

So how much of that was an information management problem?

And the dumb engineer in me asks, why not take a regional study and/or sample that?

Where this is leading is if you had some maps, their visualization might be a compelling tale to tell.

GhostOnTheHalfShell,
@GhostOnTheHalfShell@masto.ai avatar

@dlakelan @ChrisMayLA6

So Lakeland britches too big? ;)

The number of parameters sounds rather daunting, and in my ignorance my eyes water that so many should exist.

Diagnosis of models is ambiguous to me, do you mean suss out bugs or query it for information?

GhostOnTheHalfShell,
@GhostOnTheHalfShell@masto.ai avatar

@dlakelan @ChrisMayLA6

I am also curious about the info management side, because Keen is polishing up software that that integrates management and analysis (in Minsky) as Ravel.

Extracting data sets from CSV is its "thing"

I don't have a handle on that area. He's more than familiar with DB (and I've slung SQL and SPARQL). I am trying to get a better sense of how messy wrangling data is.

GhostOnTheHalfShell,
@GhostOnTheHalfShell@masto.ai avatar

@dlakelan @ChrisMayLA6

OK. I have just enough knowledge to get the gist of that. Thanks!

GhostOnTheHalfShell,
@GhostOnTheHalfShell@masto.ai avatar

@dlakelan :ablobcatknitsweats:

now that sounds terrifying.

GhostOnTheHalfShell,
@GhostOnTheHalfShell@masto.ai avatar

@dlakelan

I kind of wonder if parallel processing could apply. Things like AWS data center processing, even though I'd avoid Amazon like the plague.

GhostOnTheHalfShell,
@GhostOnTheHalfShell@masto.ai avatar

@dlakelan

Why physics?

GhostOnTheHalfShell,
@GhostOnTheHalfShell@masto.ai avatar

@dlakelan

This is creeping to the edge of knowledge here, and I'm nerding out here, but how much of the chain processing is local (ie per community) and how much is global (drawing on the pool)?

GhostOnTheHalfShell,
@GhostOnTheHalfShell@masto.ai avatar

@dlakelan

Hmm, but I would say to that is that kind of information might be buried in other (municipal or other) data. Heating and cooling data in terms of physical energy needs and that sort of stuff.

Just mulling it over, I can see how quickly insane it could get.

GhostOnTheHalfShell,
@GhostOnTheHalfShell@masto.ai avatar

@dlakelan

California central valley. I am captured with the idea regional analysis would say some very interesting things.

GhostOnTheHalfShell,
@GhostOnTheHalfShell@masto.ai avatar

@dlakelan

yes. Having traveled to the Rust belt in the 90's for a steel mill install (I grew up in the Bay Area), I saw that reality with my own eyes.

Denny's food quality follows LCD economic condition of a region.

GhostOnTheHalfShell, (edited )
@GhostOnTheHalfShell@masto.ai avatar

@dlakelan

I have to wonder if you could get a grant. The topic is terribly compelling, and it seems quite relevant to the "vibeflation" chatter that occurred a few months ago. Everything here suggests there are compelling reasons to say people are being accurate.

https://www.opensocietyfoundations.org/

GhostOnTheHalfShell,
@GhostOnTheHalfShell@masto.ai avatar

@dlakelan

New Economic Thinking rendered a grant to Keen. He's about as anti-establishment as they get.

-- yeh I looked into 501 in terms of a sporting club, so I have some idea.

https://www.youtube.com/watch?v=v7CpJ20zj28

GhostOnTheHalfShell,
@GhostOnTheHalfShell@masto.ai avatar

@dlakelan

hmpf I am half tempted (ever look at my profile)?

GhostOnTheHalfShell,
@GhostOnTheHalfShell@masto.ai avatar

@dlakelan

Got the lang, but the desktop is an imac 8 gig, with its 250 gig SSD (with 80gig available), and 5 Tb external disk. It’s not quite Linux.

Ihave an account on git but it’s largely been pulling open source like Godot, or working on existing projects . Every thing else has been local repos. I need to dust off enough git add a project.

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