Not true, the study references both low skill and high skill jobs. Not to mention there's corporate taxes and other revenues that the government receives that they wouldn't otherwise from a foreign company.
The legendary Bill Hicks: https://www.youtube.com/watch?v=aMN8REGJXaA
Ahh, you're going for that anti-advertising market, that's a good market! Very smart. A lot of people are anti-advertising right now - it's a huge market.
Many proponents of free trade argue that we should be pro free trade because it benefits the poor people in places like China. The OP is referring to that argument. As for why this study didn't focus on the benefits -…
Funny, there's other products like cars throughout the years that were manufactured entirely in America and amazingly most people could afford to buy them - not just the 1%. The idea that without free trade with China…
This paper shows how there's negative affects from free trade with China, and your conclusion is "oh it was negative with China, but all those other free trade deals were positive"? Sorry, but NAFTA was a massive job…
Except that even the Fed now admits that HFT's only add liquidity precisely when it's least beneficial (when nobody needs it) and reduces it when it's needed. Don't buy into the HFT "adding liquidity" myth.
You have to be very careful with laws like this where a human has to sit and evaluate the societal benefit of one business over another. Tons of unintended, and potentially very negative, consequences to this.…
The vast majority of billionaires are people whose names and actions, entrepreneurial or not, none of us know. Just because you can name a handful of successful rich businessmen over the last century, doesn't even come…
Remember that most of SpaceX's core technology was literally given to them by NASA, and on top of that they're getting guaranteed contracts by the government (i.e. the dreaded government funding - they don't know how to…
You mean tea-bagging your passed out co-worker at the Christmas party is not appropriate?
It does, but how much of that comes down to lobbying. I wonder who was pressuring Obama to not approve Keystone, and who also happens to own a ton of railways that transport oil?
Well, here's the NY Fed explaining why they think it's bad: http://libertystreeteconomics.newyorkfed.org/2015/10/the-liq...
The SEC has been very recently and selectively cracking down on excessive order cancelling though, so it's not clear that it's not illegal and is "just being smart with their orders".
When one compares it to other crimes that not only go unpunished, but rewarded, this particular crime is comparatively insignificant - thus the "more or less". I trust in the aftermath of the 2008 meltdown, you were…
Sure, he's responsible. But he deserves a month in jail, at most.
The Economist will be following up this exposé with another one next month showing how people use seat belts in cars so they avoid injuries.
No, I'm not saying there's no way to achieve social mobility. I'm saying that it's just very unlikely. There's always exceptions you can hold up as examples. Also, the idea that everyone living in the "third world" is…
For what it's worth, you're in roughly the top 30% of earners globally. Whether that constitutes "a lot of money" depends on your definition, but we often forget just how little most people on this planet live on so I…
Yeah, there's a very fine line between the two, and very little attention was given to that in the article. Is "being defensive" the new "bad culture fit"?
Since 1987, higher education institutions have doubled the ratio of nonacademic employees to faculty. There are now two nonacademic employees at public and two and a half at private universities and colleges for every…
My interpretation of his "insert" comment, was that of 1). My response to that was to preempt the common refrain of HFT defenders who universally trot out the "liquidity" defense. As for the criticisms focusing on…
When people point out that HFT's seem basically like a giant high speed frontrunning operation, as the OP did, the usual counter is that it's all fine and dandy, because they provide liquidity. Indeed right above your…
The argument that is made is that because you can entirely abolish a whole slew of agencies and other programs (welfare etc.) it's not as simple as just looking at current budgets, you need to factor in the savings you…
Also, less bureaucracy to languish and become inneficient, entrenched, and corrupt.
Not true, the study references both low skill and high skill jobs. Not to mention there's corporate taxes and other revenues that the government receives that they wouldn't otherwise from a foreign company.
The legendary Bill Hicks: https://www.youtube.com/watch?v=aMN8REGJXaA
Ahh, you're going for that anti-advertising market, that's a good market! Very smart. A lot of people are anti-advertising right now - it's a huge market.
Many proponents of free trade argue that we should be pro free trade because it benefits the poor people in places like China. The OP is referring to that argument. As for why this study didn't focus on the benefits -…
Funny, there's other products like cars throughout the years that were manufactured entirely in America and amazingly most people could afford to buy them - not just the 1%. The idea that without free trade with China…
This paper shows how there's negative affects from free trade with China, and your conclusion is "oh it was negative with China, but all those other free trade deals were positive"? Sorry, but NAFTA was a massive job…
Except that even the Fed now admits that HFT's only add liquidity precisely when it's least beneficial (when nobody needs it) and reduces it when it's needed. Don't buy into the HFT "adding liquidity" myth.
You have to be very careful with laws like this where a human has to sit and evaluate the societal benefit of one business over another. Tons of unintended, and potentially very negative, consequences to this.…
The vast majority of billionaires are people whose names and actions, entrepreneurial or not, none of us know. Just because you can name a handful of successful rich businessmen over the last century, doesn't even come…
Remember that most of SpaceX's core technology was literally given to them by NASA, and on top of that they're getting guaranteed contracts by the government (i.e. the dreaded government funding - they don't know how to…
You mean tea-bagging your passed out co-worker at the Christmas party is not appropriate?
It does, but how much of that comes down to lobbying. I wonder who was pressuring Obama to not approve Keystone, and who also happens to own a ton of railways that transport oil?
Well, here's the NY Fed explaining why they think it's bad: http://libertystreeteconomics.newyorkfed.org/2015/10/the-liq...
The SEC has been very recently and selectively cracking down on excessive order cancelling though, so it's not clear that it's not illegal and is "just being smart with their orders".
When one compares it to other crimes that not only go unpunished, but rewarded, this particular crime is comparatively insignificant - thus the "more or less". I trust in the aftermath of the 2008 meltdown, you were…
Sure, he's responsible. But he deserves a month in jail, at most.
The Economist will be following up this exposé with another one next month showing how people use seat belts in cars so they avoid injuries.
No, I'm not saying there's no way to achieve social mobility. I'm saying that it's just very unlikely. There's always exceptions you can hold up as examples. Also, the idea that everyone living in the "third world" is…
For what it's worth, you're in roughly the top 30% of earners globally. Whether that constitutes "a lot of money" depends on your definition, but we often forget just how little most people on this planet live on so I…
Yeah, there's a very fine line between the two, and very little attention was given to that in the article. Is "being defensive" the new "bad culture fit"?
Since 1987, higher education institutions have doubled the ratio of nonacademic employees to faculty. There are now two nonacademic employees at public and two and a half at private universities and colleges for every…
My interpretation of his "insert" comment, was that of 1). My response to that was to preempt the common refrain of HFT defenders who universally trot out the "liquidity" defense. As for the criticisms focusing on…
When people point out that HFT's seem basically like a giant high speed frontrunning operation, as the OP did, the usual counter is that it's all fine and dandy, because they provide liquidity. Indeed right above your…
The argument that is made is that because you can entirely abolish a whole slew of agencies and other programs (welfare etc.) it's not as simple as just looking at current budgets, you need to factor in the savings you…
Also, less bureaucracy to languish and become inneficient, entrenched, and corrupt.