This is a subverse designed to encourage adult discussion spanning the entirety of the political spectrum. All are welcome, from Libertarians to Authoritarians, Democrats to Republicans, An Caps to Anarchists, Socialists to Fascists to Communists, Green, Blue, Black, White, Purple with Yellow Polka dots, whatever color, persuasion, or affiliation, this is a place for you to post your thoughts, articles, and engage in discussion meant to foster understanding.
Politics is best when we try to avoid personal attacks, limits on discussion, censorship, trolling, shilling, racism, homophobia, antisemitism, or any other forms of bigotry and malfeasance.
Election 2020 Politics Sticky
Politics 2017 Christmas Theme sticky
Nov 2016 sticky on new CSS
This subverse belongs to the community of users. Users are invited to post meta-threads about v/politics and I will gladly sticky them. @flyawayhigh
Use the "Report Spam" link to report spam and someone will review the report. J-mods have the ability to remove duplicate noncommercial spam.
v/politics is for all politics.
v/uspolitics is for US politics only.
v/worldpolitics is for international or non-US politics.
v/politicalnews is dedicated to virtually censor-free politics and news
v/news is for news around the world.
v/usnews is for domestic news only.
view the rest of the comments →
[–] CanIHazPhD ago
It's funny that you accuse me of no being able to learn past my level while not realizing why a natural resource based growth in the economy can't be repeated. Are you daft? Don't you realize that there are, for example, shallow oil reservoirs, higher yield mineral deposits, ancient forests, etc.? Don't you realize that you require much less energy and technology to extract those resources, and when you do you can't do it again?
And no, one counterexample does not disprove my theory, that's as stupid as saying that a bird disproves gravity. In the same way aerodynamics explain birds flying against gravity, abundance of natural resources explain the staving off of the pernicious effects of deflation.
And for the third point, you got it completely backwards, only a delusional would favor theory over empiricism in a field when you can't possibly model even the most shallow of complexities, where even the most advanced models are ridiculously simplified. Where most interactions are so complex they have to be neglected. Empiricism is the way to go in economics, not theory.
[–] ForTheUltimate ago
No you are. I'm asking how the fact that the economy is natural resource based or not affects growth and price deflation. and I won't read the rest for now
[–] CanIHazPhD ago
Easy, a large increase in production (i.e. picking the low hanging fruit) leads to deflation that does not reduce aggregate demand and disincentives taking loans (because the influx of capital lets you pay directly).
Now go read the rest.