The same wikipedia article goes on to say [these academies] are to be distinguished from the Western-style university which is an autonomous organization of scholars that originated in medieval Europe and was adopted in…
Is this a serious comment? Do you believe that there is literally a "guy who invented college".
I think that progressives (especially Chomsky) overstate the role of hard power/money in politics. Or perhaps they understate the role of soft power. E.g. the progressive movement in the West is driven by a relatively…
I don't buy it. Any academic presentation of a subject includes the limits of current knowledge. Maybe this is not emphasized enough, but it's a matter of extent, not a qualitative refusal to acknowledge ignorance. A…
Bankers like their cash flow, but they also have to compete with other bankers. My claim (and the claim implicit in the article) is that people will get an actuarially fair rate for their education. And given this, they…
Generally "efficient" means maximizing social utility, which in practice for economists means GDP [0]. I agree that there are benefits to an educated population (in spite of disagreeing with the progressive bias in…
yes I think more colleges should be built, or existing colleges should expand.
Charitably, that would read "the government already has enough information to collect payments anyway, so it might as well do this, but should let private industry do the rest". Personally I don't think this is an…
Both equity and debt have an element of moral hazard, and both provide some incentives to make the efficient choice about whether to get an education. A student taking on a loan for education (Australian style or…
That is pretty much it. I would guess that most people pay back their debt in the end, so it is not entirely equity-like, it is more like a mix of debt and equity (the interest rate is below market, so lower income…
That's not clear at all. Education fees have gone up, but it's not clear that the cause is student loans (and the subsequent increase in demand for education), and even if they did, we would expect at least some…
I guess there are two possibilities. 1. Profit margins are so tight because truck businesses compete with each other. In this case, increasing safety standards in a uniform way, will not change profits since the costs…
In the context of that sentence, I was referring to the bonds bought by open market operations, which are primarily US government bonds and would not include private label subprime RMBSs. The kind of close-to-risk-free…
Why do I seem biased to you? I don't think it's useful to conflate bias and having a strong opinion, even if strong opinions often result from bias.
The (paywalled) article states that they attempted to get press passes but were denied, so they snuck in. Perhaps the size of the event meant that YC wanted to limit the number of press? I don't know if they have a…
Really sickening how they throw in a jibe about the lack of women, just so they can sound self righteous and distract from the immorality[0] of them trespassing on YCombinator's event. [0] Not that it's always immoral…
What about this kind of bias: every experimental result can be attributed to some kind of bias. And bias is a hot topic, especially given the ascendence of progressive politics in academia and beyond. So there is a…
This article is a good summary of the issues of the (mis)use of statistics in science. Having done some research myself, in most cases the statistics don't scream a particular message to you, and it's really hard to…
I don't think that's a fair characterization of the issue. p-hacking is done almost exclusively by people who completely understand the definition and interpretation of p-values. However these people are also under a…
Increasing wages will make employers less inclined to hire people, and thus potentially less total disposable income. Giving ordinary people more money directly seems like a more reasonable sort of stimulus. Where are…
Open market operations can't really be characterized as lending to banks. Instead, the Fed buys various kinds of debt, especially US govt bonds, thus injecting money into the economy. The fed funds rate is really the…
The article looked like a load of waffle, but it would be nice to see some basic statistical tests applied, e.g. can we reject the hypothesis that everyone is equally accurate?
One of the main mechanisms by which inflation stimulates the economy, is that it lowers wages (because of sticky wages) hence decreasing unemployment. So intentionally raising wages as a form of stimulus seems…
"Javascript integration is very and tedious." Even though this doesn't make grammatical sense and missing a word, somehow I understand exactly what it means.
If anyone would like to be "radicalized" in a slightly different political direction, I would suggest visiting the real Bethlehem. Then try to reconcile the experience of the people living there with the politics of…
The same wikipedia article goes on to say [these academies] are to be distinguished from the Western-style university which is an autonomous organization of scholars that originated in medieval Europe and was adopted in…
Is this a serious comment? Do you believe that there is literally a "guy who invented college".
I think that progressives (especially Chomsky) overstate the role of hard power/money in politics. Or perhaps they understate the role of soft power. E.g. the progressive movement in the West is driven by a relatively…
I don't buy it. Any academic presentation of a subject includes the limits of current knowledge. Maybe this is not emphasized enough, but it's a matter of extent, not a qualitative refusal to acknowledge ignorance. A…
Bankers like their cash flow, but they also have to compete with other bankers. My claim (and the claim implicit in the article) is that people will get an actuarially fair rate for their education. And given this, they…
Generally "efficient" means maximizing social utility, which in practice for economists means GDP [0]. I agree that there are benefits to an educated population (in spite of disagreeing with the progressive bias in…
yes I think more colleges should be built, or existing colleges should expand.
Charitably, that would read "the government already has enough information to collect payments anyway, so it might as well do this, but should let private industry do the rest". Personally I don't think this is an…
Both equity and debt have an element of moral hazard, and both provide some incentives to make the efficient choice about whether to get an education. A student taking on a loan for education (Australian style or…
That is pretty much it. I would guess that most people pay back their debt in the end, so it is not entirely equity-like, it is more like a mix of debt and equity (the interest rate is below market, so lower income…
That's not clear at all. Education fees have gone up, but it's not clear that the cause is student loans (and the subsequent increase in demand for education), and even if they did, we would expect at least some…
I guess there are two possibilities. 1. Profit margins are so tight because truck businesses compete with each other. In this case, increasing safety standards in a uniform way, will not change profits since the costs…
In the context of that sentence, I was referring to the bonds bought by open market operations, which are primarily US government bonds and would not include private label subprime RMBSs. The kind of close-to-risk-free…
Why do I seem biased to you? I don't think it's useful to conflate bias and having a strong opinion, even if strong opinions often result from bias.
The (paywalled) article states that they attempted to get press passes but were denied, so they snuck in. Perhaps the size of the event meant that YC wanted to limit the number of press? I don't know if they have a…
Really sickening how they throw in a jibe about the lack of women, just so they can sound self righteous and distract from the immorality[0] of them trespassing on YCombinator's event. [0] Not that it's always immoral…
What about this kind of bias: every experimental result can be attributed to some kind of bias. And bias is a hot topic, especially given the ascendence of progressive politics in academia and beyond. So there is a…
This article is a good summary of the issues of the (mis)use of statistics in science. Having done some research myself, in most cases the statistics don't scream a particular message to you, and it's really hard to…
I don't think that's a fair characterization of the issue. p-hacking is done almost exclusively by people who completely understand the definition and interpretation of p-values. However these people are also under a…
Increasing wages will make employers less inclined to hire people, and thus potentially less total disposable income. Giving ordinary people more money directly seems like a more reasonable sort of stimulus. Where are…
Open market operations can't really be characterized as lending to banks. Instead, the Fed buys various kinds of debt, especially US govt bonds, thus injecting money into the economy. The fed funds rate is really the…
The article looked like a load of waffle, but it would be nice to see some basic statistical tests applied, e.g. can we reject the hypothesis that everyone is equally accurate?
One of the main mechanisms by which inflation stimulates the economy, is that it lowers wages (because of sticky wages) hence decreasing unemployment. So intentionally raising wages as a form of stimulus seems…
"Javascript integration is very and tedious." Even though this doesn't make grammatical sense and missing a word, somehow I understand exactly what it means.
If anyone would like to be "radicalized" in a slightly different political direction, I would suggest visiting the real Bethlehem. Then try to reconcile the experience of the people living there with the politics of…