Bitcoin Nears $17,000 After Climbing About $4,000 in Less ...

The Day Advances | Monthly FIRE Portfolio Update - January 2020

The day advanced as if to light some work of mine
Thoreau, Walden
This is my thirty-eighth portfolio update. I complete this update monthly to check my progress against my goal.
Portfolio goal
My objective is to reach a portfolio of $2 180 000 by 1 July 2021. This would produce a real annual income of about $87 000 (in 2020 dollars).
This portfolio objective is based on an expected average real return of 3.99 per cent, or a nominal return of 6.49 per cent.
Portfolio summary
Vanguard Lifestrategy High Growth Fund – $813 282
Vanguard Lifestrategy Growth Fund – $45 802
Vanguard Lifestrategy Balanced Fund – $83 162
Vanguard Diversified Bonds Fund – $110 472
Vanguard Australian Shares ETF (VAS) – $178 121
Vanguard International Shares ETF (VGS) – $34 965
Betashares Australia 200 ETF (A200) – $272 399
Telstra shares (TLS) – $2 046
Insurance Australia Group shares (IAG) – $8 970
NIB Holdings shares (NHF) – $6 492
Gold ETF (GOLD.ASX) – $106 701
Secured physical gold – $17 252
Ratesetter (P2P lending) – $14 755
Bitcoin – $153 530
Raiz app (Aggressive portfolio) – $18 365
Spaceship Voyager app (Index portfolio) – $2 534
BrickX (P2P rental real estate) – $4 477
Total portfolio value: $1 873 325 (+$94 067)
Asset allocation
Australian shares – 42.8% (2.2% under)
Global shares – 22.6%
Emerging markets shares – 2.4%
International small companies – 3.1%
Total international shares – 28.1% (1.9% under)
Total shares – 70.9% (4.1% under)
Total property securities – 0.2% (0.2% over)
Australian bonds – 4.5%
International bonds – 9.5%
Total bonds – 14.0% (1.0% under)
Gold – 6.6%
Bitcoin – 8.2%
Gold and alternatives – 14.8% (4.8% over)
Presented visually, below is a high-level view of the current asset allocation of the portfolio.
Comments
This month saw exceptional growth in the portfolio, with a net increase of $94 000 after a small fall last month.
[Chart]
This is the fastest growth in the past half year. It is also the second largest absolute increase in over three years of measurement.
[Chart]
As the histogram below - which counts the frequency of occurrences in a specified range of monthly value changes (with red denoting losses) - makes clear, this is one of the most positive outcomes in the three year record.
[Chart]
The sources of portfolio growth were generally buoyant global and Australian share markets. Just under half of the growth was also due to an increase in the price of both gold securities and Bitcoin. In addition, even bond holdings increased in value over the period.
Distribution payments from the Vanguard retail funds, as well as the exchange-traded funds VAS, VGS and A200 were made through this month.
These totalled around $14 000 and have begun to be gradually fed back into the portfolio. This is a process which will occur through to June - with new investments twice per month. So far this has led to additional purchases in Vanguard's Australian shares exchange-traded fund (VAS) to maintain the target allocation of Australian equities making up 60 per cent of all equity holdings.
The bond allocation of the portfolio continues to be notionally under its target, but has not yet reached a position where further balancing investments are warranted. Fully excluding the value of Bitcoin, for example, it still sits on its target allocation of 15 per cent of the portfolio.
If the same calculation is done for equities, they sit just above their target, at 77 per cent, and have drifted higher since early last year. Over the past months my position has been to take no portfolio balancing actions based purely on the volatile value of Bitcoin over time, and this remains my approach.
There is no perfect answer to this issue - assigning no value to Bitcoin and ignoring it for asset allocation purposes is inconsistent with its role in the portfolio. Pushing either equity or bond allocations sharply out of target boundaries merely due to short-term Bitcoin movements is also not warranted. Taking a backcast 'moving average' approach might be one statistical solution, but I am not yet convinced it would do more than moderate the appearance of the issue.
While expenditure has been higher over the holiday period, on average the gap between the rolling three-year average of distributions and credit card expenditure continues to close, and sits at just over a $300 per month gap at present.
Flags of convenience - estimating hedging in the portfolio
This month, out of a curiosity carried over from my recent review of my bond holdings, I have found the time to review of the overall currency hedging position of the portfolio.
There are some excellent online research papers (pdf) and blog pieces, such as this one from Passive Investing Australia, for those interested in learning more about some of the associated issues.
Currency risks have never previously been an object of much detailed thought on the journey. Rather, I had tracked a basic measure of broader exposure to foreign assets (including foreign equities, property securities, gold and more recently Bitcoin).
The additional issue of whether my exposure to these assets was unhedged (meaning exposure to gains and losses from the relative movement in the Australian dollar and the foreign currencies) or hedged was not really front of mind.
I suppose I had a dim awareness that some elements of the Vanguard retail funds that have until recently dominated the portfolio were hedged (for example, around 30 per cent of the Vanguard High Growth Diversified funds equity position is currency hedged), and judged that there was likely a well-considered rationale behind the amount of this hedging.
The first step to understanding where any exposures exist is to understand and measure the current state of affairs. As of today, this is broadly as set out below:
The decision to invest in Vanguard's International Shares ETF (VGS), which is unhedged, is a significant event in this regard.
The chart below shows the overall level of currency hedging in the international equity portfolio. Investments in VGS commenced from July 2019, and have started to affect the level of hedging.
[Chart]
As future contributions flow into VGS - absent any other action - a historically quite stable level of hedging will continue to fall. So far this is just a trend I am monitoring, until I have completed more research and thinking on the best approach in this area.
There are many complicated, and some unknowable, issues to consider and balance in hedging decisions, such as the likely denomination of future costs, and the historical and future relationships between domestic currencies and equity markets. None avail themselves of short or easy answers. Until I have thought my way through them more fully, I remain hesitant to make any definitive decisions.
Progress
Progress against the objective, and the additional measures I have reached is set out below.
Measure Portfolio All Assets
Portfolio Objective – $2 180 000 (or $87 000 pa) 85.2% 115.9%
Credit card purchases – $71 000 pa 103.9% 141.4%
Total expenses – $89 000 pa 83.3% 113.3%
Summary
This month has seen rapid progress, propelling the portfolio closer to both old and new goals. The portfolio gains this month have already closed nearly half of the additional distance created by increasing my portfolio target at the beginning of the year.
The psychological forward push from distributions performance across 2019 (including, pleasingly, seeing it recognised here) has added to this sense of momentum. Additionally, this month I have also crossed the threshold to the target portfolio size needed to achieve 'credit card FI', a long-standing measure I have tracked.
The long summer break that has just ended in some ways seemed like a foretaste of what some versions of financial independence could feel like. With the minimum of planning there was time to read, rest, exercise and write largely as I pleased.
Returning to work following this has been infused with an unusual sense of being a temporary visitor in a new workplace. There is a greater philosophical detachment, in observing its rituals and rhythms, and less of a desire to seek to shape or resist its minutiae. Rather, what I have focused on is seeking to more deliberately make use of the freedoms it does not constrain, and pursue the best and most interesting use of the time that is outside of work hours.
Through these recent strong Australian and US equity markets, this article has been a useful reminder of the 'survivorship' risks of focusing a FI target too narrowly on past performance.
This excellent recent piece from Aussie HIFIRE has also, from another direction, usefully focused on separating out the decisions that do, and do not, materially matter in planning and executing on a passive indexing strategy over the long-term. For a challenging and entirely heterodox view on the potential long-term movement of equity markets upwards from here, this article has been thought-provoking.
Finally, this month I have been discovering the Jolly Swagman podcast, which has long and fascinating interviews with the ex-head of the Reserve Bank of Australia, and Nobel Prize winning US economist Robert Shiller speaking on bubbles and narrative economics.
During the long restful hours of summer break, the day has advanced. Though clouds may come in time, as the year starts - at least - the way forward looks bright.
The post, links and full charts can be seen here.
submitted by thefiexpl to fiaustralia [link] [comments]

Automatic Bitcoin price channel prediction. Support and resistance levels. Updated hourly.

Hi all!
We launched experimental tool which makes technical analysis easier. We are trying to predict support and resistance levels for different timeframes.
Medium article with better formatting: https://medium.com/bitguautomatic-price-channel-prediction-fe05dd544086
Screenshot: https://i.imgur.com/hNMOWzs.png
BTC channel prediction: https://bitgur.com/coin/BTC/prediction

Description

This tool consists of three charts which help with technical analysis for the next 24 hours, 7 and 30 days. Each chart is based on data from three previous periods. A channel prediction for 24 hours is based on data from the last 72 hours. A channel prediction for 7 days is based on data from the last 21 days and a prediction for 30 days is also constructed. The weight of data decreases with time. Reports are updated hourly.

Each chart has the following elements:

1. Volume profile histogram in the left part of the chart.
Volume profile histogram is based on the data from the previous three periods and is designed to determinate price channel. You may read more on how to use this type of chart in technical analysis in this article on one of the popular trading sites: https://www.tradingview.com/wiki/Volume_Profile
2. Red lines
They are edges of a current price channel based on volume profile analysis.
3. Orange lines
They are main resistance and support levels for the chart, which were achieved in the course of past trades. They do not depend on the selected period.
If more than 10 levels are found for the current price range, then 10 most significant are selected and shown on the chart. The weight of the level is based on a scale from 0 to 100. Where 100 is the weight of the global minimum or maximum (depending on which trend was stronger). The weight of the remaining levels is always less than 100 and shows how significant the minimum or maximum was.
4. Cryptocurrency price chart
It’s weighted price from dozens of main exchanges.

Probable Use Cases

1. If you do not have a short-term trading strategy and want to open or close a position in the near future, the table of current levels can help you choose the best price.
2. You have a short-term trading strategy, but it does not take into consideration all historical minimums and maximums. In this case, it will be useful for you to see levels that can significantly influence the behaviour of the market.
The choice of a timeframe (24 hours, 7 or 30 days) for analysis depends on your trading strategy.

Links

Despite the fact that we create prediction page for several hundreds of coins you must remember that this tool can be useful mostly for coins with large trade volume.
Bitcoin: https://bitgur.com/coin/BTC/prediction
Ethereum: https://bitgur.com/coin/ETH/prediction
Ripple: https://bitgur.com/coin/XRP/prediction
Bitcoin Cash: https://bitgur.com/coin/BCH/prediction
EOS: https://bitgur.com/coin/EOS/prediction

Disclaimer

First of all, I need to tell you that this tool isn’t “Magic wand” and it’s unlikely that you can get your first Lambo immediately after exploring this tool.
Secondly, we don’t sell anything and don’t promote any coins or trade signals.
Thirdly, we still don’t have a Nobel Prize in Economics, and this tool is just our attempt to understand market better, find trading patterns and satisfy our interest in developing high-performance analytical tools.
submitted by Bitgur_com to BitcoinMarkets [link] [comments]

SWISSBORG´S DAILY INSIDER - WEEK 21


DON'T MISS OUT ON THE NEWS!

Want to stay updated on the most current news, market trends, and analysis? Subscribe to our daily SwissBorg Insider!

Friday, 25th May 2018

DOJ’s Bitcoin Price Manipulation Probe a ‘Good Thing’: Mike Novogratz Billionaire investor Mike Novogratz is optimistic that the US DOJ's recently-launched probe into allegations of bitcoin price manipulation will contribute to the LT health of the crypto market.
Revolut App Adds XRP, Bitcoin Cash to Crypto Options - CoinDeskMobile banking app Revolut now lets users buy, sell and hold Ripple's XRP and bitcoin cash, in addition to bitcoin, litecoin and ether.
Singapore Warns 8 Exchanges Over Unregistered Securities Trading - CoinDeskSingapore's central bank has warned eight digital token exchanges and an ICO issuer to stop trading tokens deemed unauthorized securities.
Ontology And NEO Announce New Huge Partnership Yesterday afternoon, we saw reports of a huge partnership between Ontology and NEO hit the headlines.
Daily Performance
https://preview.redd.it/u52izib4f0011.png?width=1024&format=png&auto=webp&s=90e65d617691193aef057ac2e1b13ae9531a79c7
Market 25-05-2018
Over the past several days the market has softened up significantly, losing about USD50 billion from the beginning of the week, stabilising today at USD340 billion. However, the down move has been an orderly one, and there has been no clear catalyst for the sell-off, other than the typical uncertainties and noise surrounding regulation. There has been no noticeable pick up in volumes, which remain light at around USD20 billion. Option volatility have not budged from the high 70%s despite the sharp down move, and high correlation across cryptos still indicates that the entire market is moving up and down in tandem with BTC. There simply seems to be a clear lack of conviction in terms of market direction. The above parameters continues to show a consolidative range trade for the near term.
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Thursday, 24th May 2018

CFTC Opens the Door to More Cryptocurrency Derivatives with New Advisory The U.S. CFTC has issued a new advisory according to a May 21 announcement, which exchanges and clearinghouses planning to list cryptocurrencies derivatives must adhere.
Singapore Proposes Regulatory Boost for Decentralized ExchangesThe Monetary Authority of Singapore (MAS), is proposing changes to existing regulations that would ease market entry for blockchain-based decentralised exchanges.
Bitcoin Gold Hit by Double Spend Attack, Exchanges Lose MillionsA malicious miner successfully executed a double spend attack on the Bitcoin Gold network last week, making BTG at least the third altcoin to succumb to a network attack during that timespan.
Daily Performance
https://preview.redd.it/3d3ie1cha0011.png?width=908&format=png&auto=webp&s=23070ca6793ed9607772740b6e26ee46df6d092b
TECHNICAL ANALYSIS
BTC
https://preview.redd.it/y7e5sc1oa0011.png?width=1076&format=png&auto=webp&s=05086f8ffd56754038458d9a2046b6b38a38e46d
ETH
https://preview.redd.it/igzo4jksa0011.png?width=1076&format=png&auto=webp&s=8301f05a973e878324abf5f15b10ed7fddcd5413
XRP
https://preview.redd.it/yxvrqfgwa0011.png?width=1076&format=png&auto=webp&s=e15005d2ab05a219f33780e5cefee5578bc379b3

Wednesday, 23rd May 2018

PAYPAL: WE’LL ‘DEFINITELY SUPPORT’ BITCOIN IF IT BECOMES ‘BETTER CURRENCY’The CFO of PayPal defended the case for fiat merchant settlements Monday, telling mainstream media the company could nonetheless “definitely support” Bitcoin in the future.
Nobel Prize Economist Says That Crypto the Latest in a Pattern of Alternative Currencies’In a May 21 article entitled “The Old Allure of New Money,” the 2013 Nobel laureate of Economics Robert Shiller calls crypto the newest iteration of alternative currency ideas.
Taiwan: Legislators Launch Parliamentary Blockchain Alliance to Promote Industry GrowthTaiwanese legislators have formed a parliamentary blockchain group to promote the development of the industry.
$363 Million Funding Round Puts Robinhood on Fast-Track to Build ‘Largest Crypto Platform’Though best known for its commission-free stock brokerage platform, Robinhood has also begun rolling out bitcoin and Ethereum trading, with more coins expected to be added in the future.
ICO of the Week: TV-TWO
Source: https://icoholder.com/
Daily Performance
https://preview.redd.it/opimwm8080011.png?width=1344&format=png&auto=webp&s=3c94e5015ba1c51d291a1b2d6a6c43f4369a85af
Market 23-05-2018
Over the past 24 hours, the valuation of the cryptocurrency market has dropped from $390 to $353 billion, by more than $37 billion. The bitcoin price dipped below $7'940 and the value of Ether, dropped to $643. However, the current price still shows a 30 percent premium over bitcoin's lowest point this year at $5,947 seen on 5th Feb.Indeed, almost all of the top 100 assets by market cap are showing 10 to 20 percent declines at press time. According to CoinMarketCap, among the world's largest five cryptocurrencies, both Ripple and Bitcoin Cash are trading at a one-month low at $0.63 and $1,120 respectively.

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Tuesday, 22nd of May 2018

No Investors Affected, Hard to Charge Cryptocurrency Exchange UPbit Experts in the cryptocurrencies of South Korea have stated that it will be difficult for the government and local financial authorities to file charges against UPbit, given that no investors were affected.
Bank of England Issues Working Paper on Central Bank Digital CurrenciesThe Bank of England released a staff working paper, laying out various scenarios of possible risks and financial stability issues of central bank digital currencies (CBDCs).
Daily Performance

Market 22-05-2018
The cryptocurrencies' market continued to consolidate at current levels, with today seeing a small pull back across the board. Volumes continue to be on the low side with only 16B USD changing hands over the last 24 hours. ETH/BTC spread seems to stabilise at around the 0.083 level for the past week, which shows there are no strong forces in play. High correlation across large cap names all moving up in tandem also indicate a lack of news and conviction in terms of market direction.Also, realised volatility on BTC has dropped further, with implied vols softening up further (ATM< 80%). Both correlation and volatility indicate that for the short term, the overall market is subdued but is likely to drift towards the path of last resistance, which is higher. Having said that, quiet low volume environments are vulnerable to sudden external shocks - be wary of sudden large gaps in market movement!
TECHNICAL ANALYSIS
BTC
https://preview.redd.it/29o1635gvzz01.png?width=1344&format=png&auto=webp&s=edb54d4fb4fcfeb03fb4ad8cd97ddd0a78022fb7
ETH
https://preview.redd.it/e6yn8uonvzz01.png?width=1344&format=png&auto=webp&s=4e934f3d9366e70267b51cc8d8fd1f7e675abbcb
XRP
https://preview.redd.it/rjb1pb7rvzz01.png?width=1344&format=png&auto=webp&s=6ba2d228a703ee976184b813efe35f882a96d227

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Monday, 21st May 2018

Switzerland is the Number 1 blockchain-friendly country in Europe Switzerland has been named the most blockchain-friendly country in Europe by the Blockchain Conference Europe 2018.
Why Gibraltar’s crypto gambling regulation is important and what to expect from it?At the beginning of 2018 when many countries were tightening regulations around ICOs and cryptocurrency, Gibraltar was taking a different route.
Save the date: AIRPOD's pre-sale prepares for launchThe long-awaited AirPod ICO is finally taking off! The team has announced that its pre-sale is going to start on May 29, 2018.
Daily Performance
https://preview.redd.it/kdj1ayag8zz01.png?width=1804&format=png&auto=webp&s=3c12299866329c7dc4eba73c6784a3f2ea71217c
Daily Gainer vs. Looser
https://preview.redd.it/ifunb7lo8zz01.png?width=844&format=png&auto=webp&s=5fb37450d977ec90fed029a909c505d9b3e370fa
TECHNICAL ANALYSIS
BTC
https://preview.redd.it/clivbowt8zz01.png?width=1344&format=png&auto=webp&s=d52c74f3e2f3af1c1ae97c435ef0fa7bc3aa29e1
ETH
https://preview.redd.it/snafd9129zz01.png?width=1344&format=png&auto=webp&s=7b6fd52e64ac3cdf1d1452178ee67af2516b6f67
XRP
https://preview.redd.it/v6zypz879zz01.png?width=1344&format=png&auto=webp&s=11c15aad63e548fec117f4b3ff65a8a253d12846
Disclaimer: Insider aims to provide our community with updates and information regarding financial markets and the blockchain world.This is our way of communicating with our community. It is meant to be used for informational purposes not to be mistaken for financial advice.Our opinion, when shared, is just that, it may not apply directly to your individual situation. Any information gleaned here is to be used at the readers' own risk, SwissBorg does not accept any responsibility for individual decisions made based on reading our daily blog. Any information we provide on our daily blog is accurate and true to the best of our knowledge, there may be omissions, errors or mistakes.
Copyright © 2018 SwissBorg, All rights reserved.
submitted by lioness444 to swissborg [link] [comments]

Krugman and Bitcoin and Me: Radical Thoughts on Fixed Supply Currency

My dad asked me how I reconciled Bitcoin's fixed supply with the Keynesian model of supply. I understand that most people around here don't hold much stock in what Paul Krugman has to say. But much of the real world actually does, what with his Nobel prize and all. So I put some serious consideration into what he had to say about deflation, how it relates to Bitcoin, and other vague currency questions. What follows is my email back to my pa. Many of these ideas have come from my time spent in this forum, so feel free to chop it up, edit, and distribute away if you find any of it worthwhile.
Thoughts from a liberal after reading Paul Krugman's 2010 NYT piece: Why is Deflation Bad?
Krugman and Bitcoin and Me
Krugman's argument against deflation is built with a dependency: that there is a central authority which controls the money supply. So in a sense he has two core points.
(1) Krugman prefers that a centralized authority control the currency supply in order to manipulate the economy.
I'll allow that this tool can be a good, stabilizing force. But if that's the case, I want to be able to vet that institution from the bottom up before handing them the keys to the kingdom. And I want that institution to unequivocally work for society, not for Goldman Sachs. If I thought the current system worked well, I wouldn't be exploring other options in the first place.
(2) Krugman prefers that that centralized authority manipulate the economy such that it encourages spending and lending. In other words, manipulate toward small inflation.
This could be a good thing. And maybe the economy it creates is more fluid than a deflationary one. But when you bake into the system incentives to spend now and borrow from the future now, you get exactly the problems that you'd expect: over-consumption and a society largely ridden in debt.
Control of the supply of the currency carries tremendous power. It can be used to smooth natural economic cycles and encourage specific consumer and producer behavior. This supply-manipulative ability is not in and of itself a bad thing. The question is whether it is necessary- because with Bitcoin (as it stands) it is impossible. Within the theoretical bounds of crypto-currency, the abilities for algorithmic, "smart" money-supply, one that rests on mathematics rather than the banking elite, are endless. There are truly exciting developments to come in this space.
A First Consideration on Currency
Think, for a moment, of the unit of currency as sort of a creditor's note. It is an IOU from society; a placeholder for some unit of production. It says, "I produced something valuable (for someone else who takes part in this system). In return I got this note. I have reasonable assurance that one day I can cash this IOU in for something that I'll need in the future."
The unit of currency acts as a placeholder for its owner. Under this system, people trade their current productivity for the placeholder, and later (given the system still has integrity) they can trade that placeholder for something that raises their standard of living. It allows us to "time-shift" our production with respect to our consumption.
But don't forget!: A unit of currency as "just a thing". It only carries value if it is actually valued by somebody else you want to do business with. The dollar, the gold bar, the Bitcoin. the Euro, all work the same way: they are nothing but numbers or paper or metal. They are just atoms arranged in a way that make them valuable to a group of people only because they trust in the future of their common system.
Currencies are a subset of commodities. Commodities are things (oil, clothing, food, televisions) that are valuable to humans because they have useful properties. Like we said above, a currency's use is to "time-shift" production and consumption. The properties of the object that afford this advantage are usually a combination of irreproducibility, fungibility, scarcity, ease of transport, and securability.
Why is Deflation Bad?
In his 2010 NYT piece, Krugman argues that deflation hurts the economy due to three factors:
(1) People become less willing to spend, because sitting on money becomes an investment. Your dollar tomorrow will buy you more than what it can today, so why spend today? Therefore, spending goes down.
(2) Those in debt get into serious trouble awfully quickly, because the nominal amount-owed appreciates in value. As a result, they spend significantly less. At the same time, creditors have been shown to not spend enough such that it make up for this difference. Therefore, borrowing (and spending) goes down.
(3) Psychologically, people hate nominal wage decreases. With a fixed supply currency, year over year, wages will have to decrease in name. Even if the value of your wage rises, the amount written on the paycheck is lower. Therefore, people freak out.
These are troubling scenarios, though I think the first two are more substantial than the third. I don't mean to underestimate the psychological factor- in economics psychology is everything- but we'll talk about this later.
Krugman presents the first two points as bugs in a deflationary system. I see them as features.
"Your dollar will buy you more tomorrow than what it can today."
I think this is natural. We are a rapidly advancing species; through technology we are becoming more efficient, automating crappy tasks, raising the standard of living for less work, of course a dollar (that placeholder for your unit of production) is going to go further tomorrow than it does today.
Personally, I find this appealing. It provides every incentive to work now and spend later. That falls very much in line with good ol' American hard-working values and non-consumptive ethics.
Krugman finds this worrying though. If people have less incentive to spend, their is a crisis in demand. Hello liberals?! When was the last time we complained about lower consumption? In a country wracked with hyper-consumption that has put an unprecedented load on Earth's environment and ignited a climate crisis, I see a drop in demand as a breath of fresh air! Furthermore, you don't have to worry about people never spending. People will always spend now- but only on the want/need products, rather than the maybe-want-need-this-now-really-might-as-well-because-my-currency-is-losing-value-and-all-these-things-meet-my-zillion-useless-ephemeral-wants products.
I do believe there are much higher economic principles at work here. The United States is the world's default consumer. The global economy needs us to consume as much as it needs the million child laborers to produce. The economy would come crashing down if we stopped consuming immediately. But if we're trying to aim for a more sustainable economy, one that is compatible with the Earth's environment, let's move slowly and use a deflating currency as an incentive!
"Deflation rewards creditors and hurts debtors. Debtors spend less and creditors don't spend more enough to offset."
The impassive Krugman is beating around the bush. There is a problem when debtors suffer at the expense of creditors, and it's more than just a net loss in consumer spending. If you're concerned about a reduction in spending, see my previous point. But the remaining ethical problem is glaring- a power imbalance already exists in a creditor-debtor relationship, and it seems that deflation only widens this gap, crucifying the debt class on a cross of deflationary coin.
There's no doubt that this is a problem. And wealth redistribution may ultimately be easier with an inflationary currency- again, a word on that later. But there is also an incentive here: borrow less. Credit card debt is at an all-time high, up 1200% in the US since 1980, all while student loans have ballooned out of control. But neither of these problems even compares to the $7.8 trillion of mortgage debt our country has dug itself into.
Now debt is not a bad thing. The right combination of debt and saving, that is- using both capital previously earned with capital borrowed from future earnings- indicates a healthy economy. I don't want to have to work my entire life only to afford a house at the very end. I want to be able to borrow from my future economic output, buy the house now, and live in it while I work to pay it off. The same goes for student debt, corporate debt-financing, etc. Access to credit is crucial to a healthy middle class.
But ever-increasing debt is not sustainable. Nobody lives- and produces- forever, so you cannot always borrow from your future economic output. In the end, regardless of the money tricks you play, you have to produce enough value to cover your consumption. The world recently found out, in a mild manor, what happens when a currency's incentive and a nation's culture favors borrowing. When given the opportunity to build houses they never could have dreamed of paying off in their lifetime, millions of people took the offer and the biggest lenders took the risk. The echoes of their mass default still burden the global economy 6+ years later.
The point is, if Krugman says "inflation promotes borrowing", I say, "is this debt-ridden wreck what we really want our economy to look like?"
"People would freak out when their paycheck goes down."
I say get over it. Other possible proclamations in a deflationary world:
Better yet, this reflects reality! Technology makes everything cheaper every day. You should be paying lower phone bills tomorrow. Has the infrastructure gotten less efficient?
Here it feels like Krugman's grasping for straws. He pounces on people's reaction to their one source of income rather than their many expenses. This point also invokes that ugly liberal side: "The people don't know what's best for them."
The Central Authority as a Tool for Wealth Redistribution
Now we're talking. As a Liberal, I consider this to be a most important necessary evil. But let's call it what it is: stealing from the rich to give to the poor. (Unless we reject the modern notion of property- stay tuned...)
In an inflationary economy, value is constantly leaching out of everyone's savings. Those who control the monetary supply have a means of reaching into every dollar, and skimming off a little bit of value. We can choose to do a lot of good with this. Right now the skimmed dollars are "lent" to banks- the theory is that they then have more to lend to the general public and everyone benefits. Lending is good right? It introduces liquidity. But continue this cycle ad infinitum and all the spending in the economy starts in the form of bank debt! It is no coincidence that Americans households are more in debt than ever before.
If wealth redistribution is the only benefit of a central supply authority (which can fall out of trust at any time), this is a weak foundation. We already have a mechanism for wealth redistribution: taxation. Let's be proud of it, call a duck a duck, raise taxes on the wealthy, and introduce that liquidity with massive infrastructural programs, education spending, science spending, etc, rather than in the form of bank loans.
One last point- inflation appears to be a flat tax. That's already bad. It affects every dollar proportionally, rich or poor. Worse, the middle class and poor have a higher percentage of their net worth in USD- so inflation then becomes a regressive tax... given to banks... to be lent out to again to the middle class. All in the name of wealth redistribution?! In the name of kick-starting the economy?! Something's fishy here, and "you wouldn't understand, it's more complicated" doesn't cut it as an answer for these practices.
Bitcoin
So. What are we even doing here?
In 2009 a great mind developed a tool, the first in the history of human civilization, for "minting" a currency according to a fixed and open sourced algorithm. Without the involvement of any third party, you can now send an irreproducible digital object of fixed supply to anyone with an internet connection. The implications are mind-boggling. But the first such currency, Bitcoin, happened to be fixed-supply and ultimately deflationary, which has re-sparked the deflation vs. inflation debate.
This is happenstance. The protocol that gives rise to these digital currencies- the bitcoin protocol (small b)- could easily implement a different supply model. Paul Krugman can start a currency, KrugCoin, with any supply model that he likes! Which begs one last question.
Let's say I'm presented with an option: I may collect my paycheck in a currency that deflates- that is, my paycheck will gain value over time. Or I may collect my paycheck in a currency that inflates- it loses value over time. Why would anyone choose the latter? Must a population be forced into using an inflationary currency? Are we?
submitted by dpxxdp to Bitcoin [link] [comments]

Automatic Cryptocurrency price channel prediction. Support and resistance levels. Updated hourly.

Hi all!
We launched an experimental tool which makes technical analysis easier. We are trying to predict support and resistance levels for different timeframes.
Medium article with better formatting: https://medium.com/bitguautomatic-price-channel-prediction-fe05dd544086
Screenshot: https://i.imgur.com/hNMOWzs.png

Links

Despite the fact that we create prediction page for several hundreds of coins you must remember that this tool can be useful mostly for coins with large trade volume.
BTC channel prediction: https://bitgur.com/coin/BTC/prediction
Ethereum channel prediction:: https://bitgur.com/coin/ETH/prediction
Ripple channel prediction:: https://bitgur.com/coin/XRP/prediction
Bitcoin Cash channel prediction:: https://bitgur.com/coin/BCH/prediction
EOS channel prediction:: https://bitgur.com/coin/EOS/prediction

Description

This tool consists of three charts which help with technical analysis for the next 24 hours, 7 and 30 days. Each chart is based on data from three previous periods. A channel prediction for 24 hours is based on data from the last 72 hours. A channel prediction for 7 days is based on data from the last 21 days and a prediction for 30 days is also constructed. The weight of data decreases with time. Reports are updated hourly.

Each chart has the following elements:

1. Volume profile histogram in the left part of the chart.
Volume profile histogram is based on the data from the previous three periods and is designed to determinate price channel. You may read more on how to use this type of chart in technical analysis in this article on one of the popular trading sites: https://www.tradingview.com/wiki/Volume_Profile
2. Red lines
They are edges of a current price channel based on volume profile analysis.
3. Orange lines
They are main resistance and support levels for the chart, which were achieved in the course of past trades. They do not depend on the selected period.
If more than 10 levels are found for the current price range, then 10 most significant are selected and shown on the chart. The weight of the level is based on a scale from 0 to 100. Where 100 is the weight of the global minimum or maximum (depending on which trend was stronger). The weight of the remaining levels is always less than 100 and shows how significant the minimum or maximum was.
4. Cryptocurrency price chart
It’s weighted price from dozens of main exchanges.

Probable Use Cases

1. If you do not have a short-term trading strategy and want to open or close a position in the near future, the table of current levels can help you choose the best price.
2. You have a short-term trading strategy, but it does not take into consideration all historical minimums and maximums. In this case, it will be useful for you to see levels that can significantly influence the behavior of the market.
The choice of a timeframe (24 hours, 7 or 30 days) for analysis depends on your trading strategy.

Disclaimer

First of all, I need to tell you that this tool isn’t “Magic wand” and it’s unlikely that you can get your first Lambo immediately after exploring this tool.
Secondly, we don’t sell anything and don’t promote any coins or trade signals.
Thirdly, we still don’t have a Nobel Prize in Economics, and this tool is just our attempt to understand the market better, find trading patterns and satisfy our interest in developing high-performance analytical tools.
submitted by Bitgur_com to CryptoCurrency [link] [comments]

Automatic price channel prediction by Bitgur. Updated hourly.

Hi!
We launched experimental tool which makes technical analysis easier. We are trying to predict support and resistance levels for different timeframes.
Medium article: https://medium.com/bitguautomatic-price-channel-prediction-fe05dd544086
Screenshot: https://i.imgur.com/hNMOWzs.png
BTC channel prediction: https://bitgur.com/coin/BTC/prediction

Description

This tool consists of three charts which help with technical analysis for the next 24 hours, 7 and 30 days. Each chart is based on data from three previous periods. A channel prediction for 24 hours is based on data from the last 72 hours. A channel prediction for 7 days is based on data from the last 21 days and a prediction for 30 days is also constructed. The weight of data decreases with time. Reports are updated hourly.

Each chart has the following elements:

1. Volume profile histogram in the left part of the chart.
Volume profile histogram is based on the data from the previous three periods and is designed to determinate price channel. You may read more on how to use this type of chart in technical analysis in this article on one of the popular trading sites: https://www.tradingview.com/wiki/Volume_Profile
2. Red lines
They are edges of a current price channel based on volume profile analysis.
3. Orange lines
They are main resistance and support levels for the chart, which were achieved in the course of past trades. They do not depend on the selected period.
If more than 10 levels are found for the current price range, then 10 most significant are selected and shown on the chart. The weight of the level is based on a scale from 0 to 100. Where 100 is the weight of the global minimum or maximum (depending on which trend was stronger). The weight of the remaining levels is always less than 100 and shows how significant the minimum or maximum was.
4. Cryptocurrency price chart
It’s weighted price from dozens of main exchanges.

Probable Use Cases

1. If you do not have a short-term trading strategy and want to open or close a position in the near future, the table of current levels can help you choose the best price.
2. You have a short-term trading strategy, but it does not take into consideration all historical minimums and maximums. In this case, it will be useful for you to see levels that can significantly influence the behaviour of the market.
The choice of a timeframe (24 hours, 7 or 30 days) for analysis depends on your trading strategy.

Links

Despite the fact that we create prediction page for several hundreds of coins you must remember that this tool can be useful mostly for coins with large trade volume.
Bitcoin: https://bitgur.com/coin/BTC/prediction
Ethereum: https://bitgur.com/coin/ETH/prediction
Ripple:https://bitgur.com/coin/XRP
Bitcoin Cash:https://bitgur.com/coin/BCH
EOS:https://bitgur.com/coin/EOS

Disclaimer

First of all, I need to tell you that this tool isn’t “Magic wand” and it’s unlikely that you can get your first Lambo immediately after exploring this tool.
Secondly, we don’t sell anything and don’t promote any coins or trade signals.
Thirdly, we still don’t have a Nobel Prize in Economics, and this tool is just our attempt to understand market better, find trading patterns and satisfy our interest in developing high-performance analytical tools.
submitted by Bitgur_com to u/Bitgur_com [link] [comments]

Automatic price channel prediction by Bitgur. Updated hourly.

Hi all!
We launched experimental tool which makes technical analysis easier. We are trying to predict support and resistance levels for different timeframes.
Medium article with better formatting: https://medium.com/bitguautomatic-price-channel-prediction-fe05dd544086
Screenshot: https://i.imgur.com/hNMOWzs.png
BTC channel prediction: https://bitgur.com/coin/BTC/prediction

Description

This tool consists of three charts which help with technical analysis for the next 24 hours, 7 and 30 days. Each chart is based on data from three previous periods. A channel prediction for 24 hours is based on data from the last 72 hours. A channel prediction for 7 days is based on data from the last 21 days and a prediction for 30 days is also constructed. The weight of data decreases with time. Reports are updated hourly.

Each chart has the following elements:

1. Volume profile histogram in the left part of the chart.
Volume profile histogram is based on the data from the previous three periods and is designed to determinate price channel. You may read more on how to use this type of chart in technical analysis in this article on one of the popular trading sites: https://www.tradingview.com/wiki/Volume_Profile
2. Red lines
They are edges of a current price channel based on volume profile analysis.
3. Orange lines
They are main resistance and support levels for the chart, which were achieved in the course of past trades. They do not depend on the selected period.
If more than 10 levels are found for the current price range, then 10 most significant are selected and shown on the chart. The weight of the level is based on a scale from 0 to 100. Where 100 is the weight of the global minimum or maximum (depending on which trend was stronger). The weight of the remaining levels is always less than 100 and shows how significant the minimum or maximum was.
4. Cryptocurrency price chart
It’s weighted price from dozens of main exchanges.

Probable Use Cases

1. If you do not have a short-term trading strategy and want to open or close a position in the near future, the table of current levels can help you choose the best price.
2. You have a short-term trading strategy, but it does not take into consideration all historical minimums and maximums. In this case, it will be useful for you to see levels that can significantly influence the behaviour of the market.
The choice of a timeframe (24 hours, 7 or 30 days) for analysis depends on your trading strategy.

Links

Despite the fact that we create prediction page for several hundreds of coins you must remember that this tool can be useful mostly for coins with large trade volume.
Bitcoin: https://bitgur.com/coin/BTC/prediction
Ethereum: https://bitgur.com/coin/ETH/prediction
Ripple: https://bitgur.com/coin/XRP/prediction
Bitcoin Cash: https://bitgur.com/coin/BCH/prediction
EOS: https://bitgur.com/coin/EOS/prediction

Disclaimer

First of all, I need to tell you that this tool isn’t “Magic wand” and it’s unlikely that you can get your first Lambo immediately after exploring this tool.
Secondly, we don’t sell anything and don’t promote any coins or trade signals.
Thirdly, we still don’t have a Nobel Prize in Economics, and this tool is just our attempt to understand market better, find trading patterns and satisfy our interest in developing high-performance analytical tools.
submitted by Bitgur_com to CryptoMarkets [link] [comments]

Subreddit Stats: Economics top posts from 2016-12-11 to 2017-12-10 14:09 PDT

Period: 363.96 days
Submissions Comments
Total 998 124701
Rate (per day) 2.74 341.28
Unique Redditors 447 16507
Combined Score 499738 904919

Top Submitters' Top Submissions

  1. 24425 points, 17 submissions: speckz
    1. At $75,560, housing a prisoner in California now costs more than a year at Harvard (5125 points, 597 comments)
    2. America’s Lost Einsteins - Millions of children from poor families who excel in math and science rarely live up to their potential—and that hurts everyone. (3231 points, 440 comments)
    3. One in five American households have ‘zero or negative’ wealth (2951 points, 619 comments)
    4. Escaping Poverty Requires Almost 20 Years With Nearly Nothing Going Wrong. The MIT economist Peter Temin argues that economic inequality results in two distinct classes. And only one of them has any power. (2717 points, 631 comments)
    5. After decades of pushing bachelor’s degrees, U.S. needs more tradespeople (2386 points, 587 comments)
    6. The world’s most valuable resource is no longer oil, but data (2200 points, 198 comments)
    7. Employees Who Stay In Companies Longer Than Two Years Get Paid 50% Less (1873 points, 260 comments)
    8. Student Loan Debt Is Now As Big as the U.S. Junk Market (1392 points, 380 comments)
    9. The tech sector is leaving the rest of the US economy in its dust (614 points, 235 comments)
    10. The Countries Most (and Least) Likely to be Affected by Automation. Japan is at the top with 55.7% while the US is at 45.8%. (532 points, 138 comments)
  2. 19191 points, 26 submissions: jimrosenz
    1. Warren Buffett wins $1M bet made a decade ago that the S&P 500 stock index would outperform hedge funds (7205 points, 402 comments)
    2. The Gender Pay Gap Is Largely Because of Motherhood (3325 points, 661 comments)
    3. 'Negligible' link between executive pay and firm's performance, says study (1561 points, 165 comments)
    4. We need to challenge the myth that the rich are specially-talented wealth creators (1231 points, 552 comments)
    5. Will MySpace ever lose its monopoly? (2007) (1219 points, 193 comments)
    6. Should the Government Bring Back Trust-Busting? (1093 points, 201 comments)
    7. Economics isn't a bogus science — we just don't use it correctly (625 points, 176 comments)
    8. ‘Exclusionary zoning’ is opportunity hoarding by upper middle class (559 points, 240 comments)
    9. Index Funds Are Great for Investors, Risky for Corporate Governance (358 points, 75 comments)
    10. Milton Friedman's Cherished Theory Is Laid to Rest (324 points, 156 comments)
  3. 15893 points, 26 submissions: ghostofpennwast
    1. Student Debt Is a Major Reason Millennials Aren't Buying Homes (2228 points, 487 comments)
    2. Americans Are Paying $38 to Collect $1 of Student Debt (1598 points, 150 comments)
    3. Report: America’s marijuana industry headed for $24 billion by 2025 (1350 points, 74 comments)
    4. Solar Power Will Kill Coal Faster Than You Think (1336 points, 243 comments)
    5. Saudi Arabia signals end of tax-free living as oil revenues slump (1013 points, 264 comments)
    6. One-third of Americans say they’d have trouble coming up with an emergency $2,000 (979 points, 346 comments)
    7. Trump Seeks $3.6 Trillion in Spending Cuts to Reshape Government (977 points, 652 comments)
    8. Indian American community richest with median household income of $103,821 (846 points, 201 comments)
    9. Foreigners snap up record number of US homes (825 points, 363 comments)
    10. More Americans Are Falling Behind on Student Loans, and Nobody Quite Knows Why (679 points, 526 comments)
  4. 13354 points, 31 submissions: Splenda
    1. Study: The richest families in Florence in 1427 are still the richest families in Florence (5678 points, 501 comments)
    2. Handing Out Tax Breaks to Businesses Is Worse Than Useless: Study exposes the futility of the $45 billion that states spend on economic development incentives. (1410 points, 120 comments)
    3. The Never-Ending Foreclosure: How can the country survive the next economic crash if millions of families still haven't recovered from the last one? (1061 points, 331 comments)
    4. Memo To Steven Mnuchin: Trump's Tax Plan Would Add $7 Trillion To The Debt Over 10 Years (950 points, 317 comments)
    5. Rural America Is Aging and Shrinking (414 points, 364 comments)
    6. This Is What a Real Middle-Class Tax Cut Would Look Like (387 points, 252 comments)
    7. The coming battle between the Trump team and economists over the true cost of climate change (290 points, 102 comments)
    8. Here’s One Scary Way Trump’s Team Could Manipulate Government Data: It has plans to recalculate the social cost of carbon, which has been called “the most important number you’ve never heard of.” (256 points, 29 comments)
    9. Hot and Violent: Researchers have begun to understand the economic and social damage caused by climate change. (238 points, 90 comments)
    10. How Wall Street Once Killed the U.S. Solar Industry… and how it could happen again. (238 points, 53 comments)
  5. 12703 points, 31 submissions: DoremusJessup
    1. U.S. Wage Disparity Took Another Turn for the Worse Last Year: The rich-poor pay gap is getting wider (1307 points, 323 comments)
    2. European Union finance ministers agreed on Tuesday to close loopholes multinational corporations use to skip taxation on dividends, part of a drive to stop them from parking profits where they pay the least tax (1063 points, 131 comments)
    3. Trump Plan to Slash LLC Rate Is Boon for Top Earners: Cutting pass-through rate to 15% could cost $2 trillion; Top 1% would get tax cut of $76,000 - Tax Policy Center (1046 points, 216 comments)
    4. Robots Are Slashing U.S. Wages and Worsening Pay Inequality: Robots have a real impact on jobs and wages, new research shows (1014 points, 391 comments)
    5. US Adds 156K Jobs; Unemployment Rate Ticks up to 4.7 Pct. Hourly pay jumped 2.9 percent from a year earlier, the biggest increase in more than seven years (883 points, 350 comments)
    6. Norway's sovereign wealth fund, the world's largest, on Friday called for a cap on executive pay and fiscal transparency at the companies in which it invests, further buffing its reputation as an ethical investor (846 points, 78 comments)
    7. U.S. payrolls increase more than expected, wages rise (842 points, 142 comments)
    8. America’s Biggest Creditors Dump Treasuries in Warning to Trump (838 points, 309 comments)
    9. Unemployment in the U.S. Is Falling, So Why Isn’t Pay Rising? (571 points, 228 comments)
    10. Citigroup on Thursday became the first-ever bank to get hit with civil "spoofing charges," after U.S. derivatives regulators said one of its units entered U.S. Treasury futures market orders with the intent of canceling them (511 points, 46 comments)
  6. 12274 points, 1 submission: CADBP
    1. Freakonomics: You're twice as likely to go from low to high income in Canada than in the USA (12274 points, 809 comments)
  7. 11930 points, 4 submissions: trot-trot
    1. Trade school, not 4-year college, is a better bet to solve the US income gap, researchers say (11060 points, 1329 comments)
    2. Libor: Bank of England implicated in secret recording (517 points, 9 comments)
    3. 'These Boots are Made for Walking': Why Most Divorce Filers are Women (273 points, 268 comments)
    4. This Is Le Pen's Plan to Break Up the Euro (80 points, 11 comments)
  8. 11267 points, 16 submissions: unimployed
    1. Basically every problem in the US economy is because companies have too much power, new research argues (7086 points, 372 comments)
    2. The Fraternity Paradox: Lower GPA, Higher Incomes (1440 points, 319 comments)
    3. The Real Reason the U.S. Has Employer-Sponsored Health Insurance (566 points, 95 comments)
    4. US opioid crisis holds back jobs market recovery, says study (563 points, 74 comments)
    5. An important shift in the job market makes the mystery of weak wage growth less puzzling (345 points, 62 comments)
    6. The Economics and Politics Of Flooding and Insurance (266 points, 56 comments)
    7. Economic models are broken, and economists have wildly different ideas about how to fix them (198 points, 130 comments)
    8. Most Americans live paycheck to paycheck (128 points, 56 comments)
    9. Trump preparing withdrawal from South Korea trade deal (97 points, 46 comments)
    10. The Incredible Shrinking Corporate Tax Bill (93 points, 24 comments)
  9. 9635 points, 17 submissions: lingben
    1. I’m a Depression historian. The GOP tax bill is straight out of 1929 (2907 points, 577 comments)
    2. 35 of 37 economists said Trump was wrong. The other two misread the question. (2127 points, 198 comments)
    3. CEOs agree: Corporate tax cuts won't trickle down (738 points, 301 comments)
    4. Trump's Numbers Guy Isn't Great With Numbers (662 points, 111 comments)
    5. Trumponomics Gets The Thumbs Down From Nobel-Winning Economists (563 points, 268 comments)
    6. If Everyone Is So Confident, Why Aren’t They Borrowing? (466 points, 179 comments)
    7. Economists Have No Use for Republican Tax Cuts (447 points, 180 comments)
    8. Corruption Is Still a Problem Ten Months After India's Cash Ban (412 points, 39 comments)
    9. Should the rich be taxed more? (352 points, 554 comments)
    10. Trump Administration Considers Change in Calculating U.S. Trade Deficit (208 points, 19 comments)
  10. 9371 points, 1 submission: RegressToTheMean
    1. Poll: Economists Unanimous That Debt Would Balloon Under GOP Tax Plan (9371 points, 848 comments)
  11. 8887 points, 39 submissions: mberre
    1. Japan logs longest phase of growth in 16 years (846 points, 76 comments)
    2. British Employers Begin To See A Pre-Brexit Exit Of Foreign Workers (746 points, 268 comments)
    3. US unemployment falls to 10-year low (602 points, 228 comments)
    4. U.S. new home sales fall to seven-month low (546 points, 242 comments)
    5. US deficit rises to 2008 levels (538 points, 91 comments)
    6. Iceland to end capital controls from 2008 financial crisis - BBC News (463 points, 48 comments)
    7. Swiss say goodbye to banking secrecy (450 points, 122 comments)
    8. Pew Research: In a Recovering Market, Homeownership Rates Are Down Sharply for Blacks, Young Adults (439 points, 183 comments)
    9. UK wealth gap 'widening over past decade' says report - BBC News (429 points, 182 comments)
    10. Fed's Williams calls for global rethink of monetary policy (387 points, 158 comments)
  12. 7956 points, 6 submissions: johnmountain
    1. Martin Schulz to Trump: Dropping Paris agreement means no trade talks -- ‘Whoever wants to have access to our market needs to respect the European standards,’ Schulz says. (6708 points, 1020 comments)
    2. Paul Krugman in 1998: Internet’s Economic Impact No Greater Than Fax Machine (710 points, 261 comments)
    3. Without Power to Run A.T.M.s, Puerto Rico Is Cash Only (210 points, 15 comments)
    4. A basic income could boost the US economy by $2.5 trillion (150 points, 165 comments)
    5. America's housing inventory crisis is causing home prices to rise at double the rate of a 'normal' market (91 points, 15 comments)
    6. Why Do Cities Become Unaffordable? (87 points, 117 comments)
  13. 6952 points, 2 submissions: mjanes
    1. The U.S. Has Forgotten How to Do Infrastructure: The nation once built things fast and cheaply. Now experts are puzzled why costs are higher and projects take longer than in other countries. (5056 points, 575 comments)
    2. Reaganomics killed America’s middle class (1896 points, 468 comments)
  14. 6290 points, 2 submissions: Nolagamer
    1. 37 of 38 economists said the GOP tax plans would grow the debt. The 38th misread the question. (5268 points, 473 comments)
    2. Opioid crisis: Nearly half of working-age American men who are out of the labor force are using painkillers daily (1022 points, 137 comments)
  15. 5852 points, 7 submissions: PinkSlimeIsPeople
    1. Tax Cuts Don't Lead to Economic Growth, a New 65-Year Study Finds (3816 points, 352 comments)
    2. You're not imagining it: the rich really are hoarding economic growth (841 points, 546 comments)
    3. Vast Majority of Americans Would Likely Lose From Senate GOP’s $1.5 Trillion in Tax Cuts, Once They’re Paid For (347 points, 128 comments)
    4. Commentary: Signs Suggest Trump Budget Will Feature Unprecedented Cuts Plus Large Tax Cuts Favoring Wealthy (323 points, 212 comments)
    5. Eight Market-Oriented Proposals That Reduce Income Inequality (304 points, 280 comments)
    6. Republicans’ tax plan gives the top 1 percent of households a $207,000 tax cut; Bottom 20 percent get $50 (163 points, 154 comments)
    7. Eliminating Two ACA Medicare Taxes Means Huge Tax Cuts for High Earners and the Wealthy (58 points, 67 comments)
  16. 5489 points, 10 submissions: pipsdontsqueak
    1. Americans want U.S. goods, but not willing to pay more: Reuters/Ipsos poll (1219 points, 461 comments)
    2. After a Tax Crackdown, Apple Found a New Shelter for Its Profits (1216 points, 221 comments)
    3. Fed raises rates for third time since the recession (716 points, 170 comments)
    4. U.S. moves to impose tariffs of as much as 219 percent on Canadian jet maker, siding with Boeing (672 points, 120 comments)
    5. Bitcoin hits all-time high after CME Group says to launch futures (637 points, 365 comments)
    6. Trump Is Expected to Name Jerome Powell as Next Fed Chairman (451 points, 58 comments)
    7. Awaiting Trump's coal comeback, miners reject retraining (202 points, 118 comments)
    8. Republicans to propose keeping top tax rate for very wealthy, nodding to concerns (202 points, 63 comments)
    9. Experian fined $3M over 'inaccurate' credit scores (97 points, 3 comments)
    10. Paradise Papers: Apple's secret tax bolthole revealed (77 points, 8 comments)
  17. 5133 points, 2 submissions: MaxGhenis
    1. Something missing from Trump's Cabinet: Economists (4128 points, 575 comments)
    2. San Francisco Bans Salary History Questions (1005 points, 243 comments)
  18. 4744 points, 16 submissions: InvisibleTextArea
    1. New Zealand bans foreign home buyers (1744 points, 533 comments)
    2. EU Audit Admits Greek Bailouts Didn't Go as Planned (811 points, 291 comments)
    3. Renters in the UK spend average of 62 per cent of income on rent (627 points, 104 comments)
    4. Venezuela pulls most common banknote from circulation to 'beat mafia' (369 points, 80 comments)
    5. Yet again, today’s politicians are ignoring basic economics (166 points, 111 comments)
    6. The next crash risk is hiding in plain sight (159 points, 36 comments)
    7. After Universal Basic Income, The Flood (143 points, 118 comments)
    8. Slow economic growth is not the new normal, it's the old norm (124 points, 117 comments)
    9. Cryptoeconomics 101 (88 points, 9 comments)
    10. Of productivity in France and in Germany (85 points, 19 comments)
  19. 4258 points, 16 submissions: kludgeocracy
    1. How Corporations and the Wealthy Avoid Taxes (and How to Stop Them) (787 points, 296 comments)
    2. How “Shareholder Value” is Killing Innovation (637 points, 217 comments)
    3. Capitalism Can Thrive Without Cooking the Planet (547 points, 296 comments)
    4. American builders’ productivity has plunged by half since the late 1960s (519 points, 112 comments)
    5. There's a $136,400 reason so many Americans feel they haven't made economic progress (470 points, 186 comments)
    6. What Happened When 18 States Raised Their Minimum Wage? (242 points, 189 comments)
    7. Democrats just united on a $15-an-hour minimum wage (208 points, 252 comments)
    8. Avoiding Payday Loans Makes the Poor Richer (201 points, 44 comments)
    9. Maybe We’ve Been Thinking About the Productivity Slump All Wrong (167 points, 92 comments)
    10. Researchers have answered a big question about the decline of the middle class (95 points, 50 comments)

Top Commenters

  1. tcoop6231 (6607 points, 678 comments)
  2. SmokingPuffin (5048 points, 544 comments)
  3. MasterBerter (4931 points, 369 comments)
  4. louieanderson (4560 points, 710 comments)
  5. autotldr (3551 points, 333 comments)
  6. TitaniumDragon (3202 points, 693 comments)
  7. Adam_df (3193 points, 611 comments)
  8. HTownian25 (3165 points, 392 comments)
  9. slash196 (3002 points, 284 comments)
  10. thewimsey (2932 points, 534 comments)
  11. MELBOT87 (2835 points, 187 comments)
  12. HeFlipYa (2819 points, 380 comments)
  13. Ponderay (2809 points, 198 comments)
  14. Mylon (2732 points, 510 comments)
  15. ucstruct (2729 points, 241 comments)
  16. bartink (2473 points, 645 comments)
  17. throwittomebro (2360 points, 490 comments)
  18. holy_rollers (2318 points, 211 comments)
  19. Lando_Calrissian (2314 points, 14 comments)
  20. bokabo (2250 points, 487 comments)
  21. skatastic57 (2212 points, 284 comments)
  22. bobmarles3 (2179 points, 189 comments)
  23. Splenda (2159 points, 366 comments)
  24. mwatwe01 (2133 points, 34 comments)
  25. UpsideVII (2120 points, 171 comments)
  26. sunflowerfly (2032 points, 178 comments)
  27. OliverSparrow (2002 points, 362 comments)
  28. Rookwood (1965 points, 297 comments)
  29. besttrousers (1948 points, 181 comments)
  30. sethstorm (1928 points, 880 comments)
  31. roboczar (1899 points, 133 comments)
  32. HumanKapital_ (1889 points, 404 comments)
  33. itsreaditpeople (1887 points, 13 comments)
  34. cd411 (1880 points, 62 comments)
  35. brberg (1841 points, 287 comments)
  36. Brad_Wesley (1811 points, 183 comments)
  37. DrSandbags (1772 points, 164 comments)
  38. DefendedCobra29 (1727 points, 27 comments)
  39. Uptons_BJs (1660 points, 70 comments)
  40. TracyMorganFreeman (1655 points, 628 comments)
  41. whyrat (1652 points, 110 comments)
  42. FweeSpeech (1648 points, 68 comments)
  43. darwin2500 (1635 points, 229 comments)
  44. Holophonist (1612 points, 247 comments)
  45. Nolagamer (1569 points, 272 comments)
  46. Dave1mo1 (1553 points, 171 comments)
  47. WordSalad11 (1546 points, 167 comments)
  48. HeTalksToComputers (1511 points, 141 comments)
  49. number676766 (1475 points, 7 comments)
  50. matty_a (1445 points, 1 comment)

Top Submissions

  1. Freakonomics: You're twice as likely to go from low to high income in Canada than in the USA by CADBP (12274 points, 809 comments)
  2. Trade school, not 4-year college, is a better bet to solve the US income gap, researchers say by trot-trot (11060 points, 1329 comments)
  3. Poll: Economists Unanimous That Debt Would Balloon Under GOP Tax Plan by RegressToTheMean (9371 points, 848 comments)
  4. Warren Buffett wins $1M bet made a decade ago that the S&P 500 stock index would outperform hedge funds by jimrosenz (7205 points, 402 comments)
  5. Basically every problem in the US economy is because companies have too much power, new research argues by unimployed (7086 points, 372 comments)
  6. Martin Schulz to Trump: Dropping Paris agreement means no trade talks -- ‘Whoever wants to have access to our market needs to respect the European standards,’ Schulz says. by johnmountain (6708 points, 1020 comments)
  7. Study: The richest families in Florence in 1427 are still the richest families in Florence by Splenda (5678 points, 501 comments)
  8. Warren Buffett declared victory Saturday in his decade-long, $1 million bet that low-cost index funds would out earn more expensive hedge funds by deleted (5318 points, 311 comments)
  9. 37 of 38 economists said the GOP tax plans would grow the debt. The 38th misread the question. by Nolagamer (5268 points, 473 comments)
  10. At $75,560, housing a prisoner in California now costs more than a year at Harvard by speckz (5125 points, 597 comments)

Top Comments

  1. 1760 points: itsreaditpeople's comment in Freakonomics: You're twice as likely to go from low to high income in Canada than in the USA
  2. 1678 points: mwatwe01's comment in Trade school, not 4-year college, is a better bet to solve the US income gap, researchers say
  3. 1445 points: matty_a's comment in Trump Administration Rolls Back Protections for People in Default on Student Loans
  4. 1411 points: electrik_wizard's comment in The U.S. Has Forgotten How to Do Infrastructure: The nation once built things fast and cheaply. Now experts are puzzled why costs are higher and projects take longer than in other countries.
  5. 1326 points: number676766's comment in Something missing from Trump's Cabinet: Economists
  6. 1314 points: Lando_Calrissian's comment in Trump names Japan a currency manipulator
  7. 1201 points: DefendedCobra29's comment in Poll: Economists Unanimous That Debt Would Balloon Under GOP Tax Plan
  8. 1004 points: kristopolous's comment in Reaganomics killed America’s middle class
  9. 1000 points: TheWhitestOrca's comment in Poll: Economists Unanimous That Debt Would Balloon Under GOP Tax Plan
  10. 983 points: BmoreIntelligent's comment in The Fraternity Paradox: Lower GPA, Higher Incomes
Generated with BBoe's Subreddit Stats (Donate)
submitted by subreddit_stats to subreddit_stats [link] [comments]

Weekly Roundup | Random Chat | Notifications

News roundup for the previous week.
In International news
  1. Farcical US election is evidence of Washington's hypocritical democracy: China
  2. Russia warns South Korea of consequences if THAAD deployed
  3. Russia, China have good prospects for cooperation development - China’s Commerce Minister
  4. President al-Assad to Chinese Phoenix TV: any foreign troops coming to Syria without permission are invaders-video
  5. Ray McGovern on Russia, China, and U.S. Exceptionalism
  6. Chinese fugitive officials have nowhere to hide: By the end of 2016, 2,566 fugitives had been extradited or repatriated from over 90 countries and regions, with assets worth about 8.6 billion yuan ($1.25 billion) recovered
  7. Trump could be handing a big gift to China: Without the TPP facilitating capital flows, China is likely to overtake the U.S. as the largest source of foreign direct investment for ASEAN. China has seized the opportunity afforded by Trump’s wall on the U.S. border with Mexico to reach out
  8. Solar power growth leaps by 50% worldwide thanks to US and China: The amount of solar power added worldwide soared by some 50% last year because of a sun rush in the US and China, new figures show
  9. Trump reportedly plans to host China's president in April
  10. International Women’s Day in China: Chinese Women Dominate List of World’s Female Billionaires
  11. Chinese cruise passengers put patriotism above tourism by skipping South Korean port visit
  12. N. Korea, THAAD key topics for Trump's summit with Xi: White House
  13. 3,300 Chinese cruise passengers stage boycott at South Korean resort amid missile shield row: A Jeju official was quoted as saying that smaller groups of Chinese tourists had refused to ­disembark in Jeju in recent days but the scale of this protest was surprising
  14. Brics Plus: China wants more countries in grouping; will India's influence be reduced? Chinese foreign minister Wang Yi has come up with the idea of expanding the membership of the five-nation economic grouping too include other emerging economies like Mexico, Pakistan and Sri Lanka
  15. One of China's 'Most-Wanted' Fugitives Returns From US to Surrender: Wang Jiazhe is the 39th fugitive on the list to return
  16. No need to choose between China and United States, Premier Li Keqiang says
  17. Korean crisis: Chinese Premier Li Keqiang doesn't want chaos on China's doorstep
  18. Tillerson to warn China of sanctions over North Korea
  19. China: We respect Philippines' rights over Benham Rise
  20. China pledges firm response if Japan interferes in South China Sea
  21. Trump’s Top China Expert Isn’t a China Expert (lol)
  22. Why China Wants In on Syria's Reconstruction Program
  23. Tan Zhongyi, 25-Year-Old Female Chinese Chess Player Wins 2017 Women's World Chess Championship
  24. Saudi Arabia, China sign deals worth up to $85 billion
  25. China's Fan wins 3rd straight women's 500m gold at short track worlds
  26. The next meeting for the Trans-Pacific Partnership (TPP) will be held in Chile's capital Santiago after the withdrawal of the United States and with the participation of China
  27. Beijing, Saudi Arabia agree to more oil cooperation, exports to China
  28. China, U.S. in talks on meeting between presidents
  29. UK is helping China build a new Silk Road: January, the first freight train from China’s eastern town of Yiwu arrived in London. So far, leaders from more than 20 countries across Asia, Europe, Africa and Latin America have confirmed attendance to Beijing's Belt and Road Forum in May
  30. US and China agree tensions on Korean Peninsula are at a 'rather dangerous level'
  31. Travel booms as China, Philippines improve ties
  32. China ready to help build Mindanao railway
  33. PM Benjamin Netanyahu flies to China amid coalition crisis
In Domestic news
  1. China praises courts for punishing state security crimes
  2. "China's population to peak to 1.45 billion by 2030"
  3. China to Step Up Observations, Tourism in South China Sea: China is expanding its presence in the South China Sea with plans to build an underwater observation system and to send tourists to the disputed areas
  4. Chinese officials ring alarm bells as IS video shows militants vowing to launch attack
  5. China says investment will help unification with Taiwan
  6. "China's Communist Party hardens rhetoric on Islam"
  7. New rules forbid retired officials in Beijing from practicing religious activities
  8. Lhasa tops China's happiest cities in 2016: CCTV poll
  9. China legislature giving more seats to women, workers
  10. ‘When are you going back to Arabia?’: How Chinese Muslims became the target of online hate
  11. China consumer day show skewers Nike shoes, Muji foods
  12. A New Baby Boom Is Happening in China's Smaller Cities
  13. Beijing ‘to slash foreign picture book numbers’: publishers urged to focus on domestically generated books
  14. China's new bitcoin rules call for identity check
  15. Over Half Say Gender Equality on the Rise in China: Survey canvassed 2,002 Chinese, 23.4 percent of whom came from the countryside
  16. The chart that shows China’s baby-making frenzy since it lifted its one-child policy: The country recorded 18.46 million live births in 2016, leading to “the largest annual number of newborns since 2000"
  17. China to cut Foreigners Some Slack, Will Start Issuing 5-Year Work Permits
  18. China rebrands Cold War nuclear bunker as tourist draw
  19. China Decreased Their Fossil Fuel Use While Increasing Their Energy Use
  20. When China’s White-Hat Hackers Go Patriotic: after Lotte Group’s website crashed, Huaxia Hacker Alliance took credit. Huaxia advertises themselves as white-hat. Since the 1990s, many Chinese hackers have readily exchanged white-hats for red-hats 红帽子 whenever they feel their nation is under assault
  21. Put us on the map, please: China's smaller cities go wild for starchitecture
In SciTech news
  1. A new approach to improving lithium-sulfur batteries: authors include researchers from Northwestern Polytechnical University, Shenzhen University and Hong Kong Polytechnic University in China
  2. Hong Kong university reveals complete genetic sets of nasopharyngeal cancer: Chinese University findings may lead to development of new drugs for a more targeted approach in treating patients
  3. Diabetes drug may be effective against deadly form of breast cancer, study suggests: Researchers in China have discovered that a metabolic enzyme called AKR1B1 drives an aggressive type of breast cancer
  4. China is working on a new manned spaceship that can fly both in low earth orbit, as well as a moon landing mission. The spacecraft is recoverable and can carry six people in low earth orbit and three to four in a moon landing mission
  5. China's Didi launches Silicon Valley research hub
  6. China Fast Catching up With AI Robots Manufacturing
  7. First results of CRISPR gene editing of normal embryos released: team in China has corrected genetic mutations in some of the cells in three normal human embryos using the CRISPR genome editing technique. The latest study is the first to describe the results of using CRISPR in viable human embryos
  8. Two Chinese win Science Prizes
  9. Researchers assemble five new fully artificial yeast chromosomes: A team at Tsinghua University led an effort where six teams built in pieces synthetic chromosome XII (synXII), which was then assembled into a final molecule more than a million base pairs (a megabase) in length
  10. Baidu’s Artificial Intelligence Lab Unveils Synthetic Speech System: The Chinese search giant’s Deep Voice system learns to talk in just a few hours with little or no human interference
  11. China to Unveil World's First Civilian Sub Developed Jointly With Russia by 2018: China is set to unveil a civilian submarine, developed with participation of Russian scientists, by the end of the year
  12. The Next U.S.-China Arms Race: Artificial Intelligence? Currently, PLA thinkers anticipate the advent of an “intelligentization Revolution in Military Affairs” that will result in a transformation from informatized ways of warfare to future “intelligentized” (智能化) warfare
  13. The future is here: China sounds a clarion call on AI funding, policies to surpass US: Artificial intelligence has made its way on to the agenda of the government’s annual political show in Beijing, urged on by the country’s business and technology elites
  14. China's Space Station: Tianhe-1 module to be followed by Tianzhou-2, Shenzhou-12. Tianzhou-2 will dock with and supply Tianhe-1 in low Earth orbit. Shenzhou-12 crewed spacecraft will visit Tianhe-1, which is the first of three large modules that will make up the completed Chinese Space Station
  15. China outpaces India in internet access, smartphone ownership
  16. Beijing to release national artificial intelligence development plan: Wan Gang, the minister of science and technology, said the plan, which aims to facilitate the adoption of the technology in a wide range of areas, including “economy, social welfare, environmental protection and national security”
  17. The secret Maoist Chinese operation that conquered malaria — and won a Nobel - Salon.com
  18. Researchers in China have developed Graphene solar panels that can generate electricity from raindrops. The solar panels with a respectable 6.53 percent solar-to-electric conversion efficiency allows generation of power during periods of clouds and rain.
  19. China starts building huge cosmic-ray observatory to study the evolution of the universe
  20. China’s Undersea Lab Station to Boost Country’s Deep-Sea Research Efforts: undersea lab station is planned to hold up to 12 people and last for months underwater
  21. BeiDou navigates its way to global stage: system with a constellation of 35 satellites by 2020. GLAC to set up an alliance for enterprises that seek to take BeiDou products and solutions to markets along the Belt and Road Initiative
  22. A new clip from Science Channel's "Impossible Engineering" highlights the astonishingly large Five-hundred-meter Aperture Spherical radio Telescope (FAST) in China
  23. Cube iWork1x Review - Z8350 2-in-1 Windows 10 Tablet
  24. How China is Becoming a World Leader in Artificial Intelligence: Data Ecosystem - large volume of user data for algorithms and AI programs. Research and development - AI patent applications grew 186% from previous 5 years. Strong growth projected - 202 Chinese AI startups raised US$1 billion in 2016
In Economic news
  1. The New Industrial Revolution In China Is Here
  2. After $225 Billion in Deals Last Year, China Reins In Overseas Investment - The New York Times
  3. The European Patent Office published its 2016 annual report today, showing an “unprecedented level of patent filings,” and underlining the growing number of patent applications from China
  4. China to start intellectual property rights pilot reform
  5. Ivanka Trump was importing 50 tonnes of Chinese clothing as her father was saying 'buy American'
  6. What Trump Doesn't Understand About China's Entrepreneurial Culture - China doesn't want to be the world's technology manufacturer; it wants to displace Silicon Valley as the world's technology innovator.
  7. The Truth About doing business in China from Alibaba, Didi Chuxing
  8. Trump is already losing to China in technology
  9. China poised to top global corporate patents
  10. Competing with the Chinese Factory of 2017 - Deep manufacturing expertise and extensive supply chains give China a lead that will be tough to overcome.
  11. Chinese pharma firms target the global market
  12. Being bullish on China is no longer an outlier view
  13. Clean Energy Could Spark a Trade War Between the US and China
  14. Chinese enterprises hired some 1.5 million foreigners overseas in 2016 amid their rapid global expansion, China's commerce minister said. Overseas Chinese enterprises recorded 1.5 trillion U.S. dollars in sales volume last year, bringing 40 billion U.S. dollars of taxes to host countries
  15. China's Sinopec nears deal to buy Chevron's South African assets
  16. While Trump complains about open markets, China and Germany are embracing free trade
  17. Russian scientists and Chinese business collaboration development
  18. 'Global powerhouse' business competition with ties to China now in Toronto
  19. China reins in overseas investment after $300b in 2016
In Military news
  1. China will use steam catapults on its third aircraft carrier instead of electromagnetic launch but the fourth will mostly catchup to US technology
  2. The PLA’s Potential Breakthrough in High-Power Microwave Weapons: In the near term, the PLA’s probable employment of this HPM could be as a ship-borne anti-missile system or to reinforce China’s air defense systems
  3. China developing military drones that can evade radar, anti-aircraft weapons: CASIC is also interested in developing near-space drones, which would travel in Earth's atmosphere at altitudes of 20 to 100km, above the top altitudes of commercial airliners but below orbiting satellites
  4. China to intercept 'intruding' aircraft, follow military vessels amid efforts to strengthen navy
  5. Inside China’s High-Tech Space-Based Laser Arsenal: If Beijing’s military provides the funding for the scientists’ proposed five-ton chemical laser, it could be operational by 2023. The weapon would be capable of destroying enemy satellites in orbit from its position in lower Earth orbit
  6. China ready to neutralise THAAD, retired PLA general says: All the country’s armed forces had the capacity to interfere with radar signals. Yue said an ideal place to install the Chinese equipment was on the Shandong peninsula on the country’s east coast, opposite South Korea
  7. Report: Israel Passes U.S. Military Technology to China
  8. Tillerson puts military action 'on the table' over North Korea
  9. Pakistan has inducted an advanced Chinese made LY-80 (LOMADS) Surface to Air missile defence system to secure its airspace from any sort of misadventure, a statement from the ISPR said
  10. China to expand marine corps for deployment in Gwadar, Djibouti: China is constructing a naval base in Djibouti to provide logistical support in one of the world's busiest waterways in the Indian Ocean
  11. Stealth fighter soon powered by local engines: "It will not take a long time for our fifth-generation combat plane to have China-made engines," said Chen Xiangbao, vice-president of the AECC Beijing Institute of Aeronautical Materials
  12. China begins new work on disputed South China Sea island: An image of North Island in the Paracels group taken on March 6 shows recent work including land clearing and possible preparation for a harbour to support what experts believe may be eventual military installations
Other Notables
  1. Is Google another step closer to being unblocked in China?
  2. Mainland Chinese student 'detained for spying' in Taiwan is a anti-CCP KMT supporter
  3. Sun Wukong's Journey to the West | WooKong
  4. Pictures: Naigu stone forest in China's Yunnan
  5. The Great Wall of China on a cold day (x-post Damnthatsinteresting)
  6. [Analysis South Korea part 2] Fourth months ago before mainstream medias , I made an analisys on the situation of south Korea on this sub , this is the second part , just an update
  7. South Korea: Park's exit seen as chance to reset China relations
  8. Britain can be a key partner in China's new Silk Road
  9. Chinese Actors Don’t Have to Settle for Hollywood’s Racism Anymore
  10. While the West Fiddles, China Races to Define the Future
  11. The Rise of China and the Future of the West
  12. How We Address Strangers, How We View the World (East Asians, like the Chinese, Address Strangers via Familial Titles, "Uncles" or "Aunties", Europeans Use "Mister", Which Originated From An Aristocratic Title "Master", a commonly used English honorific for men under the rank of knighthood)
  13. China Could Reshape the Post-U.S. World Order, but Does It Want To?
  14. "Iron Fist" (Kung fu cultural appropriation) has flopped hard
  15. The Kingdom of Women: China’s ‘lost tribe’ of matriarchs, the Mosuo | Post Magazine
  16. Casting of white actors in college play causes furor at Central Washington U: They were using historical derogatory slurs — equivalent of the N-word for Chinese Addison complained. Robinson said We’re not looking for any kind of ethnic...it wouldn’t be uncommon to cast an Asian person as Hamlet
  17. Oldest-Known Image of Confucius Found in Tomb of Disgraced Han Dynasty Emperor
  18. American Unrest Proves China Got the Internet Right
  19. Meet China’s SexyCyborg: does projects to show creative culture. What reactions do you get? (clothes) Overwhelmingly positive in China. Intersection between beautiful women and creativity goes back thousands of years. As for people in the West, my appearance seem to be more important than anything
  20. Ghost in The Shell PSA
  21. Pictures: Fairyland on earth Baishi Mountain in Hebei, China
  22. (x-post from AI) Asian American artist Joshua Luna and his take on the upcoming Iron Fist show
  23. Beijing's Dancing Grannies Put on Headphones
  24. 16 Must-Know Etiquette Rules for Your Next Trip to China
  25. Mysterious pyramid-shaped tomb discovered under Chinese construction site
  26. Trump prepares to pass the world leadership baton to China
  27. Forgotten ally? China's unsung role In World War II (As the 1st Nation to enter WW2, with total casualties at more than 14 million, If China had surrendered in 1938, History might be very different)
  28. "Shen Yun - The First Time I Left a Performance"
  29. 4K Timelapse: BEIJING IN MOTION 2017
  30. Harbin Opera House
  31. Pictures: Scenery of Suzhou Lion Grove Garden
  32. Westerners Want Chinese To Understand China Through Western Concepts
  33. Lightning-quick cashier counting goes viral online
  34. World's Longest Single Spherical Hinge Bridge Section Completes Rotation In North China City
submitted by AutoModerator to Sino [link] [comments]

Subreddit Stats: Anarcho_Capitalism top posts from 2011-09-23 to 2017-09-22 12:08 PDT

Period: 2191.38 days
Submissions Comments
Total 999 81641
Rate (per day) 0.46 37.23
Unique Redditors 501 8290
Combined Score 247608 469801

Top Submitters' Top Submissions

  1. 9023 points, 34 submissions: TheGreatRoh
    1. Stefan Molyneux on Twitter | "Bernie promised cheap education. $27 average donation. Mission accomplished. $27 got you truly schooled on the reality of Dem politics." (746 points, 158 comments)
    2. Brain damage explains a lot (491 points, 72 comments)
    3. Ron Paul standing up for what's right. (418 points, 47 comments)
    4. This Tweet Didn't Age Well (409 points, 47 comments)
    5. Hillary Clinton on Assange "Can't we just drone this guy" -- report (345 points, 85 comments)
    6. BREAKING: Trump to sign exec. order this morning requiring that for every 1 new regulation, 2 regulations have to be revoked - sr. official (337 points, 122 comments)
    7. Ouch (337 points, 42 comments)
    8. So Swings the Pendulum of History (312 points, 31 comments)
    9. Resist! The more you think about it the best this one gets (302 points, 50 comments)
    10. Here is Rand Paul's healthcare plan. It's 4 pages long. It simplifies the entire process, removes federal bureaucracy, and lowers costs. EVERYONE SHOULD READ IT! (284 points, 75 comments)
  2. 8356 points, 24 submissions: TrueBC
    1. Small Government (715 points, 97 comments)
    2. Good Guy Communism (698 points, 14 comments)
    3. Real Thinking (616 points, 60 comments)
    4. When You're an Anarcho Communist And You Receive Inheritance (544 points, 128 comments)
    5. Every. God. Damn. Time! (487 points, 71 comments)
    6. Good Cops (468 points, 79 comments)
    7. Typical Proletariat (407 points, 100 comments)
    8. AnCap Problems (368 points, 60 comments)
    9. Fucking Statist Parents (336 points, 27 comments)
    10. Roads Problem Solved (331 points, 59 comments)
  3. 4593 points, 16 submissions: Pinochet-Heli-Tours
    1. This guy (715 points, 97 comments)
    2. Leftist logic with estate taxes (487 points, 123 comments)
    3. Before there was capitalism food would just magically appear (376 points, 155 comments)
    4. Socialism 101 (342 points, 168 comments)
    5. I hate it when people cheat (326 points, 61 comments)
    6. Communist vs Nature (295 points, 101 comments)
    7. This guy... (253 points, 50 comments)
    8. Triggered! (251 points, 116 comments)
    9. Good riddance (243 points, 100 comments)
    10. If there's less food in socialism, how does that explain the toilet paper shortages? (223 points, 28 comments)
  4. 3993 points, 1 submission: an1h
    1. TSA agents vs terrorists (3993 points, 173 comments)
  5. 3413 points, 13 submissions: kurokamifr
    1. When you are american (568 points, 94 comments)
    2. socialism (392 points, 110 comments)
    3. When you love the poor (336 points, 81 comments)
    4. Brain expanding meme on communist (295 points, 39 comments)
    5. A group of ancaps were able to get the IRS Facebook page removed... (263 points, 22 comments)
    6. Rigging the Election - Video I: Clinton Campaign and DNC Incite Violence at Trump Rallies (260 points, 73 comments)
    7. Rigging the Election - Video II: Mass Voter Fraud (222 points, 78 comments)
    8. who is prepared for the WW3? (215 points, 52 comments)
    9. rly make you think (185 points, 134 comments)
    10. Warning: Trudeau has allowed banks to seize your money if economy fails (181 points, 67 comments)
  6. 3173 points, 6 submissions: -INFOWARS-
    1. Louds and clear (1119 points, 180 comments)
    2. Makes you think... (742 points, 161 comments)
    3. Ron Paul destroys Obama (499 points, 78 comments)
    4. This is 100% real. Brainwashing by the Mainstream Media (341 points, 109 comments)
    5. Powerful argument. (300 points, 185 comments)
    6. When your ideology is so good the only arguments against it are straw man memes (172 points, 134 comments)
  7. 3036 points, 13 submissions: bearjewpacabra
    1. Nigel Farage: "None of you have ever done a proper job in your lives, or worked in business or worked in trade or indeed ever created a job" (354 points, 160 comments)
    2. Why is "income tax" a thing that exists?? It's income. They feed their kids with that. Just leave their income alone. (323 points, 147 comments)
    3. Statists reacting to "Taxation is theft" (297 points, 46 comments)
    4. Without the state, who would drop tear gas from helicopters on their half starved tax cattle? (261 points, 54 comments)
    5. Cops demand Uber driver turn off his camera, citing new law, threaten him with jail, say they will search his car with sniffer dogs. Driver refuses, because it turns out the driver is also an attorney and he knows no such law exists. • news (253 points, 62 comments)
    6. Remember when watching tonight's debate... (247 points, 89 comments)
    7. Was very happy to see this on /all (234 points, 40 comments)
    8. Virginia Shooter Identified As 66-Year-Old James Hodgkinson, Supporter Of Bernie Sanders (219 points, 129 comments)
    9. George Soros Hacked, Over 2,500 Internal Docs Released Online (198 points, 34 comments)
    10. Without government, who would create nationwide initiatives to fuck up the food supply based on irrational, government produced data? (173 points, 33 comments)
  8. 2924 points, 9 submissions: Z3F
    1. How to trigger /Socialism (772 points, 200 comments)
    2. The John Oliver formula (443 points, 84 comments)
    3. Trump Triggers a room full of Socialism sympathizers (351 points, 154 comments)
    4. Peak Reddit (317 points, 118 comments)
    5. And quality of life in the Commune dramatically improved overnight. (263 points, 68 comments)
    6. Found at a hostel I am staying at in Detroit. It's leaking into real life. (219 points, 155 comments)
    7. Obama Quietly Signs The Truly Orwellian "Countering Disinformation And Propaganda Act" Into Law (201 points, 27 comments)
    8. The easiest question you'll be asked today. (187 points, 64 comments)
    9. The window of allowable opinion continues to shrink. YouTube is now quarantining videos that academically discuss differences in IQ averages between ethnicities. (171 points, 97 comments)
  9. 2906 points, 1 submission: FreeqAxel
    1. Ron Paul got an electoral vote from Texas. (2906 points, 128 comments)
  10. 2565 points, 14 submissions: Anenome5
    1. Detroit starting to get it: 'Why should I send them taxes when they aren't supplying services?’ homeowner Fred Phillips who owes more than $2,600 recently told the paper. 'Every time I see the tax bill come, I think about the times we called and nobody came.' (247 points, 130 comments)
    2. Kaspersky reveals software buried in the firmware of world's major harddrive manufacturers gives NSA ability to spy on majority of the world's computers (229 points, 72 comments)
    3. The parable of the Village and the Tower (202 points, 44 comments)
    4. Descent of the Libertarians (200 points, 163 comments)
    5. Mises attacks Racism; "racism is not just contrary to [classical] liberalism, but to reason itself. It’s a denial of the most fundamental truths of economics... Theories of racial conflict reject peaceful social cooperation and instead promote conflict and war as the foundations of human society." (185 points, 161 comments)
    6. Cops arrest jogger for not having ID (182 points, 74 comments)
    7. My favorite ancap jokey-story :) (177 points, 68 comments)
    8. Sometimes the indoctrination isn't subtle. (176 points, 70 comments)
    9. This is fantastic--government tax collectors in Mogadishu complain no one wants to pay taxes, they "consider me to be a bandit." You are a bandit, sir. (171 points, 65 comments)
    10. Checkmate, intellectual-property fans ;P (164 points, 79 comments)
  11. 2557 points, 10 submissions: coupdetaco
    1. It's totally not rigged... anymore (754 points, 87 comments)
    2. She cannot recall (295 points, 23 comments)
    3. We've always been at war with Eastasia (267 points, 17 comments)
    4. Just wanted to give credit to leftists for breaking those glass ceilings (216 points, 8 comments)
    5. Cop tricks person into putting out a cigarette to use that as an excuse to arrest him and search his car (212 points, 140 comments)
    6. "If you put the federal government in charge of the Sahara Desert, in 5 years there would be a shortage of sand" (181 points, 25 comments)
    7. We've always been at war with Eurasia (162 points, 11 comments)
    8. Mexican dentists near border crossing town get 95% customers from USA. They charge 75% less and their "materials and equipment are just as good or even better" (160 points, 38 comments)
    9. Just wanted to help everyone here understand Socialism (159 points, 11 comments)
    10. In fairness to her, that level of corruption is almost like a magic trick (151 points, 16 comments)
  12. 2398 points, 9 submissions: ancapistan_man
    1. Bread lines (542 points, 111 comments)
    2. All the hypocrisy. (341 points, 82 comments)
    3. All the above. (317 points, 63 comments)
    4. Battle of the statists. (253 points, 127 comments)
    5. We're gonna need a bigger boat. (224 points, 12 comments)
    6. [foaming at the mouth] Not real communism! (198 points, 14 comments)
    7. But without government.... (190 points, 29 comments)
    8. Literally shaking. (171 points, 61 comments)
    9. iT wAsN't ReAl CoMmUnIsM. (162 points, 13 comments)
  13. 2367 points, 10 submissions: Anen-o-me
    1. /A_C's opinion of Gary Johnson in one image (464 points, 123 comments)
    2. Time-Warner increases internet speeds six-fold at no extra charge after Google Fiber announces plans to expand into their territory --- so in other words, competition works (312 points, 43 comments)
    3. Vince Vaughn -- “We have the right to bear arms to resist the supreme power of a corrupt and abusive government” (227 points, 37 comments)
    4. After seeing this I have a strong urge to become a graffiti artist (215 points, 51 comments)
    5. Reddit's Former Leadership was planning to make Reddit a completely Decentralized App with bitcoin micropayments as upvotes for incentive, but after taking a $50m funding round, management was replaced and monetization focus began. Now ex employees are building what Reddit should've become. (215 points, 65 comments)
    6. SCOTUS Justice: If two can marry, why not four? -- How about you stop licensing marriage in the first place. (195 points, 111 comments)
    7. Satoshi Nakamoto nominated for Nobel Prize in Economics (190 points, 61 comments)
    8. politics realizes the presidency has too much power: "Don’t Just Impeach Trump. End the Imperial Presidency." (189 points, 60 comments)
    9. Meanwhile, at Molyneux's Freedomain Radio Headquarters... (183 points, 409 comments)
    10. Obama endorses Bitcoin... (177 points, 32 comments)
  14. 2220 points, 10 submissions: SnakesoverEagles
    1. Crying wolf: the left doesn't know how to stop losing (335 points, 182 comments)
    2. in light of recent events, here is Thomas Sowell (276 points, 264 comments)
    3. Ron Paul - Bernie Sanders destroyed Audit the Fed Bill at the last minute (236 points, 26 comments)
    4. Basic free market college group denied a local chapter because they are "white supreemists" (220 points, 227 comments)
    5. Get out your tinfoil hats boys (212 points, 95 comments)
    6. An old classic (206 points, 57 comments)
    7. Hillary email leaks prove that the same people who fund her campaign (Saudi Arabia) are funding ISIS - when will this house of cards fall? (205 points, 25 comments)
    8. Please clap (183 points, 55 comments)
    9. Ron Paul - Stump the socialist (176 points, 139 comments)
    10. Why Tim Kaine was picked as VP (171 points, 101 comments)
  15. 2219 points, 8 submissions: SuaveCrouton
    1. Late Stage Capitalism (405 points, 90 comments)
    2. Social Democracy (371 points, 51 comments)
    3. But it wasn't a real rocket (305 points, 30 comments)
    4. The Green Party dilemma (304 points, 71 comments)
    5. LateStageCapitalism_irl (236 points, 34 comments)
    6. When I look at gains from free trade (218 points, 21 comments)
    7. The world as 100 people over the last two centuries (213 points, 103 comments)
    8. Private Eye explains Corbynomics (167 points, 23 comments)
  16. 1932 points, 8 submissions: LibertyAboveALL
    1. Julian Assange offers job to fired Google employee who wrote "anti-diversity" memo - "Censorship is for losers." (426 points, 124 comments)
    2. Great idea on road sign from Mexican restaurant in Austin (278 points, 30 comments)
    3. Gmail will now warn you if you’re being targeted by the government (260 points, 26 comments)
    4. Calexit Means American Taxpayers Won't Have To Bailout California's Ticking Pension Time Bomb (251 points, 69 comments)
    5. Uber threatens exit Houston over regulations. Mayor says "I'm happy to sit down with you [Uber] but I'm not going to do business with you with a gun to my head." - you really can't make this shit up! (245 points, 79 comments)
    6. AAA, largest U.S. automobile club, calls for scrapping police marijuana THC test for drivers. AAA's safety foundation said it's not possible to set a blood-test threshold for THC that can reliably determine impairment. (160 points, 33 comments)
    7. TIL: SEC laws stop crowd-funding sites, like INDIEGOGO, from offering investor equity financing options for non-accredited investors (average person). In other words, the government only allows rich people to do it. (160 points, 66 comments)
    8. Dying mom kidney transplant surgery on hold due to GoFundMe donations since they could constitute ‘organ selling’, which is a U.S. federal crime. (152 points, 47 comments)
  17. 1854 points, 8 submissions: Mashimoto
    1. Venezuela bans lines outside of bakeries declaring them a clear political stunt to discredit socialism (289 points, 50 comments)
    2. Someone made a Chrome extension that changes "white" to "black" on Huffpo, Salon, and Buzzfeed (283 points, 69 comments)
    3. How Liberals really feel about black people (265 points, 106 comments)
    4. (old footage) Ron Paul makes standard libertarian arguments against the drug war that are now almost universally accepted to an absolutely hostile host/audience. Amazing how attitudes can change (263 points, 138 comments)
    5. It Looks Like George Soros is Funding the Trump Protests (256 points, 72 comments)
    6. Charles Rangel's Freudian Slip (181 points, 21 comments)
    7. "Only the rich will have X technology" India's $4 smartphone. (166 points, 44 comments)
    8. Bernie Sanders Resume from the 1980s (151 points, 118 comments)
  18. 1756 points, 7 submissions: MaunaLoona
    1. 4chan on communism (539 points, 122 comments)
    2. Canadian man fights off home invaders by taking their gun and shooting them; gets charged with attempted murder and nine other firearms related charges (312 points, 76 comments)
    3. But without the government who would fund PBS? Reading Rainbow raises $1 million on kickstarter in the first day. (202 points, 59 comments)
    4. Adam Kokesh on CBS (197 points, 213 comments)
    5. Apparently we have a new mascot (174 points, 30 comments)
    6. What $15/hr minimum wage looks like (169 points, 182 comments)
    7. To protect you from fake news the US government launches a fact checking web site (163 points, 53 comments)
  19. 1663 points, 5 submissions: Uncle_Washington
    1. LateStageCapitalism logic (456 points, 98 comments)
    2. Macarons va Macron (401 points, 39 comments)
    3. Like scientist we have to prove our theory (380 points, 83 comments)
    4. Feel the Bern out (245 points, 71 comments)
    5. The North Remembers (181 points, 14 comments)
  20. 1582 points, 2 submissions: pseudoRndNbr
    1. CNN: It's illegal for you to read the leaked emails. Only we are allowed to do it. (1353 points, 149 comments)
    2. But who will provide food to the poor? (229 points, 70 comments)
  21. 1581 points, 4 submissions: Ze-skywalker
    1. Rare picture of a child about to be born (530 points, 70 comments)
    2. "The urge to save humanity is almost always only a false front for the urge to rule it." H.L. Mencken (428 points, 13 comments)
    3. Woke (370 points, 44 comments)
    4. Capitalism X Socialism (253 points, 49 comments)
  22. 1576 points, 6 submissions: HEADPOCKET
    1. What a novel idea. (477 points, 87 comments)
    2. Mises before bitches. (325 points, 56 comments)
    3. Here is your average "pro-science" liberal. (266 points, 93 comments)
    4. If Sweden and Germany Became US States, They Would be Among the Poorest States (189 points, 97 comments)
    5. Can't explain that. (162 points, 51 comments)
    6. George Zimmer, the owner and founder of The Men's Wearhouse, does not background check his employees. "I don't trust the U.S. justice system to get it right," says Zimmer, who is himself a recovering alcoholic. "I'd rather make my own decisions." : todayilearned (157 points, 32 comments)
  23. 1568 points, 6 submissions: Jamesshrugged
    1. The consequences of racism (395 points, 135 comments)
    2. The lesson liberals are going to learn under the new administration. (343 points, 48 comments)
    3. Every single time (295 points, 22 comments)
    4. Give me Liberty or gtfo! (191 points, 61 comments)
    5. anarcho_capitalism's most used words (174 points, 71 comments)
    6. /philosophy mods have completely banned posts about Ayn Rand (on grounds that she is an author, not a philosopher) (170 points, 134 comments)
  24. 1478 points, 6 submissions: ayanamirs
    1. Could someone please explain this? (388 points, 84 comments)
    2. Slate (297 points, 43 comments)
    3. LMAO (232 points, 58 comments)
    4. Mises Cuba! (210 points, 45 comments)
    5. Ancap Studies (181 points, 55 comments)
    6. Wtf? Anarcho-capitalists (170 points, 144 comments)
  25. 1468 points, 1 submission: How_To_Liberty
    1. I used to be an Ancap, but my job made me turn to socialism. (1468 points, 118 comments)
  26. 1464 points, 6 submissions: spatchcock
    1. Happy thanksgiving /ancap (496 points, 86 comments)
    2. They aren't protesters or rioters. They're Keynesian stimulus operatives, and Krugman disapproves. (223 points, 22 comments)
    3. This kid will go places. Also, I guarantee there's a bureaucrat out there somewhere who is trying to stop him. (213 points, 53 comments)
    4. This is what good parenting looks like, but yet to leftists and some bureaucrats this is horrible because its un-taxed income, dangerously unregulated, exploitation, and child labor. (190 points, 65 comments)
    5. Wow TED talks really suck now - "Capitalism will eat democracy unless we speak up" - By Yanis Varoufakis (the greek finance minister. Yes Greece, the European country that adopted DemSoc ideals and is now riddled with debt) (180 points, 203 comments)
    6. If I were a big corporation I'd lobby for higher minimum wages and rally the useful idiots on the left to my cause as well. (162 points, 33 comments)
  27. 1414 points, 7 submissions: moople1
    1. And anarcho communism was born. (239 points, 772 comments)
    2. Work or die. (239 points, 227 comments)
    3. The relationship between Bernie's socialism and the market summed up perfectly. (238 points, 48 comments)
    4. Finally it's fixed! Now children won't starve to death. (199 points, 123 comments)
    5. "Yo mama's so statist" jokes… (180 points, 96 comments)
    6. Hating the Establishment Is Not the Same as Supporting Liberty (164 points, 41 comments)
    7. 2016 Nolan Chart (155 points, 128 comments)

Top Commenters

  1. Faceh (5402 points, 264 comments)
  2. aletoledo (3908 points, 532 comments)
  3. Anen-o-me (3667 points, 569 comments)
  4. andkon (3362 points, 237 comments)
  5. Lethn (3201 points, 304 comments)
  6. halfback910 (3043 points, 500 comments)
  7. ChopperIndacar (2799 points, 402 comments)
  8. Mashimoto (2207 points, 181 comments)
  9. LOST_TALE (2150 points, 507 comments)
  10. Harnisfechten (2122 points, 299 comments)
  11. TheGreatRoh (2085 points, 237 comments)
  12. Anenome5 (1990 points, 293 comments)
  13. LibertyAboveALL (1974 points, 316 comments)
  14. Anarkhon (1925 points, 42 comments)
  15. natermer (1873 points, 239 comments)
  16. Not_Pictured (1835 points, 173 comments)
  17. bearjewpacabra (1813 points, 267 comments)
  18. maszyna (1769 points, 224 comments)
  19. chbrules (1745 points, 200 comments)
  20. jatucker (1688 points, 131 comments)
  21. LookingForMySelf (1637 points, 274 comments)
  22. bhknb (1590 points, 329 comments)
  23. Argosy37 (1568 points, 113 comments)
  24. stormsbrewing (1562 points, 107 comments)
  25. GuyFromV (1466 points, 313 comments)
  26. TheSelfGoverned (1416 points, 204 comments)
  27. deefop (1369 points, 153 comments)
  28. samsonkeane (1364 points, 129 comments)
  29. ProjectD13X (1351 points, 193 comments)
  30. Pinochet-Heli-Tours (1328 points, 112 comments)
  31. RonaldMcPaul (1306 points, 250 comments)
  32. Juz16 (1271 points, 151 comments)

Top Submissions

  1. TSA agents vs terrorists by an1h (3993 points, 173 comments)
  2. Ron Paul got an electoral vote from Texas. by FreeqAxel (2906 points, 128 comments)
  3. I used to be an Ancap, but my job made me turn to socialism. by How_To_Liberty (1468 points, 118 comments)
  4. CNN: It's illegal for you to read the leaked emails. Only we are allowed to do it. by pseudoRndNbr (1353 points, 149 comments)
  5. Louds and clear by -INFOWARS- (1119 points, 180 comments)
  6. Arguing about the state of Venezuela to a redditor by Phresh_Prince (809 points, 182 comments)
  7. How to trigger /Socialism by Z3F (772 points, 200 comments)
  8. It's totally not rigged... anymore by coupdetaco (754 points, 87 comments)
  9. Stefan Molyneux on Twitter | "Bernie promised cheap education. $27 average donation. Mission accomplished. $27 got you truly schooled on the reality of Dem politics." by TheGreatRoh (746 points, 158 comments)
  10. Makes you think... by -INFOWARS- (742 points, 161 comments)

Top Comments

  1. 1523 points: Anarkhon's comment in Looting intensifies in Venezuela - only 15 days worth of food remains
  2. 1070 points: cockholster_69's comment in Is having daughters the ultimate cuckoldry?
  3. 495 points: Faceh's comment in Ron Paul got an electoral vote from Texas.
  4. 456 points: deleted's comment in Is having daughters the ultimate cuckoldry?
  5. 423 points: FidelHimself's comment in I used to be an Ancap, but my job made me turn to socialism.
  6. 396 points: narutouz's comment in Is having daughters the ultimate cuckoldry?
  7. 336 points: skylercollins's comment in Is having daughters the ultimate cuckoldry?
  8. 329 points: backwardsmiley's comment in / physical_removal was just banned
  9. 283 points: misery_man's comment in Is having daughters the ultimate cuckoldry?
  10. 250 points: Avertus's comment in I used to be an Ancap, but my job made me turn to socialism.
Generated with BBoe's Subreddit Stats (Donate)
submitted by subreddit_stats to subreddit_stats [link] [comments]

Subreddit Stats: badeconomics top posts from 2014-12-28 to 2015-12-26 14:40 PDT

Period: 363.19 days
Submissions Comments
Total 998 85609
Rate (per day) 2.75 234.43
Unique Redditors 240 2478
Combined Score 26803 402029

Top Submitters' Top Submissions

  1. 1933 pts, 76 submissions: u/urnbabyurn
    1. Guy praxes out why women should be virgins (66 pts, 184 comments)
    2. The Democratic POTUS primary debate thread (61 pts, 400 comments)
    3. In solidarity with reddit uprising, /badeconomics will not be the default sub in place of /economics. wumbotarian is Victoria and /praxacceptance has gone full Marxian. (59 pts, 101 comments)
    4. End of Memes! Central planning failure... (58 pts, 21 comments)
    5. Anyone else notice how quiet the economics subs get during Passover? (57 pts, 8 comments)
    6. "Once demand is high enough you don't need to lower your price" (49 pts, 73 comments)
    7. The BE reader - crowd sourcing chapters thread (49 pts, 141 comments)
    8. Feminism is responsible for stagnant wages (48 pts, 187 comments)
    9. Trade is worse than war! (44 pts, 72 comments)
    10. ELS series: we hate famous economists part 27 (44 pts, 85 comments)
  2. 1214 pts, 36 submissions: u/besttrousers
    1. Is a basic income badeconomics? No, not really. But there is a lot of badeconomics in the /basicincome FAQ (Part 1) (163 pts, 136 comments)
    2. "But companies still hire people because they have no choice but to. They need enough workers to meet the demands of the market and so they hire people. So if a layoff was to occur I'd occurred regardless of wage hike." (72 pts, 73 comments)
    3. "Piketty basically proved that r>g, which means capital tends to concentrate faster than the economy grows. This means our method of economics is destined to collapse." (58 pts, 25 comments)
    4. " The Chicago school seems to pretty much ignore money." (53 pts, 71 comments)
    5. [META] /badmathematics discusses Austrian economics (52 pts, 112 comments)
    6. Migrants respond to the market signal of high wages. They migrate, and some find jobs, and others do not. Those who do not find jobs end up on welfare rolls. Wages do not fall, and the market signal telling migrants to keep coming remains broadcasted to the world. (45 pts, 84 comments)
    7. I think I finally praxxed out why Austrians tend to be libertarians (43 pts, 36 comments)
    8. "The first paper [Diamond 1960] I have refuted, show me the damn data or go troll elsewhere.' (41 pts, 100 comments)
    9. "So again, I ask, what exactly would humans have a comparative advantage in?" (40 pts, 159 comments)
    10. The stock market has gone up ∴ we are in a bubble (38 pts, 118 comments)
  3. 1033 pts, 31 submissions: u/say_wot_again
    1. FUCK THE BABY BOOMERS!!! LOUD NOISES!!! (253 pts, 259 comments)
    2. Economics Is Too Important to Be Left to Economists (70 pts, 80 comments)
    3. Very Serious Economic Training vs. Free Trade (58 pts, 142 comments)
    4. TIL free movement of labor is a subsidy. (46 pts, 30 comments)
    5. The General Theory of Comments, Interest, and Stickies (42 pts, 25 comments)
    6. Apparently the simple act of being in New York now makes you too big to fail. (39 pts, 15 comments)
    7. Not Pictured: A credible model of macroeconomics (36 pts, 56 comments)
    8. Careful Sumner. Winter is coming. (35 pts, 71 comments)
    9. Low oil prices will lead to an oil shortage! People are batteries! And more gems. (32 pts, 51 comments)
    10. DAE live in a formalized fantasy world? (28 pts, 112 comments)
  4. 996 pts, 28 submissions: u/commentsrus
    1. User in /Politics unironically calls Integralds "Hitler" in a horrible thread about the Federal Reserve, Bitcoin, Anarcho-Marxism, and Basic Income. (202 pts, 17 comments)
    2. Kicked a girl out before sex after she started arguing that Keynesian/Hansen-Samuelson multipliers weren't real (104 pts, 68 comments)
    3. meconomist irl (85 pts, 79 comments)
    4. And the Lord Sanders sayeth unto /Politics: "There are only so many jobs we could extract from the jobs mines this year, and blessed is he who doesn't give them to immigrants." Amen. (53 pts, 91 comments)
    5. [Dank Meme] Wumbotarian's OPpR1ession (47 pts, 34 comments)
    6. How to replace the entire banking system with cryptocurrency in 3 years and what results it will bring (38 pts, 15 comments)
    7. "No European country benefits from Muslim immigration." Actually, Denmark's wages rose after an influx of Muslim refugees. "Ah yes, but no TRUE European country benefits." (38 pts, 86 comments)
    8. THIS JUST IN!! ECB Protester Josephine Witt has released a new statement regarding the excesses of the ECB (36 pts, 44 comments)
    9. Eastern Europeans are immigrating to the UK and are LITERALLY starting businesses! Call up the Jobs Patrol so we can start rationing NOW before the shelves go empty [go to 1:15] (36 pts, 31 comments)
    10. Today is Peter Schiff Day! Post all your dank Peter Schiff praxes to show solidarity. (35 pts, 54 comments)
  5. 894 pts, 29 submissions: u/wumbotarian
    1. PA Gov Tom Wolf thinks competition leads to higher prices. (84 pts, 78 comments)
    2. /socialism is praying that Venezuela "doesn't fuck up" centrally planning food distribution (76 pts, 132 comments)
    3. "Open borders? No, that's a Koch brothers proposal." (66 pts, 171 comments)
    4. Private Defense Agencies: AnCaps deny monopolies can exist (55 pts, 144 comments)
    5. "Inflation is the true opium of the masses." (47 pts, 37 comments)
    6. Angry neckbeards in /gaming don't understand how prices work in a a market economy. (44 pts, 160 comments)
    7. Bad monetary economics (42 pts, 106 comments)
    8. "You have to keep in mind that economics is a highly ideological field." (41 pts, 83 comments)
    9. WHO GETS THE BE NOMINATION? (34 pts, 227 comments)
    10. "Tax is price fixing which is known to break economies" so use Kickstarter to fund public goods instead! (33 pts, 110 comments)
  6. 857 pts, 33 submissions: u/HealthcareEconomist3
    1. [Meta] TrueReddit discusses /be (56 pts, 176 comments)
    2. [Low hanging fruit] /Futurology discusses basicincome (42 pts, 129 comments)
    3. "we have to accept the logic of 21st century capitalism is that it will constantly lower costs by adopting automation & a race to the bottom between the general working population & robots for less & less income is a road to nowhere." (42 pts, 122 comments)
    4. A superbly bad description of comparative advantage, complete failure to understand how currencies work, complete failure to understand a currency peg, absurd claim that China prints to buy up Treasuries and a complete misunderstand regarding how S/D works. (39 pts, 28 comments)
    5. High individual taxes encourage investment (39 pts, 59 comments)
    6. TPP quackery (37 pts, 50 comments)
    7. I bet about $3.50 this thread is going to be the worst econ thread of the year (36 pts, 149 comments)
    8. No title will do this thread appropriate justice (36 pts, 38 comments)
    9. 7 ways i made up a bunch of data about Switzerland (35 pts, 125 comments)
    10. Monetarism has special views on trade, economists oppose TPP, insanity about prices & competition etc (34 pts, 44 comments)
  7. 573 pts, 17 submissions: u/Jericho_Hill
    1. <-- # of Days Jericho_Hill replaces Wumbo as R1 Moderator (159 pts, 64 comments)
    2. Reward: Reddit Gold Task: Find the best badeconomics in the Bernie Sanders AMA live now (49 pts, 151 comments)
    3. In which HealthCare Economist is believed to be a covert agent of manipulation embedded by the intelligence community. (41 pts, 48 comments)
    4. All Economists believe in Trickle Down (39 pts, 120 comments)
    5. Physics isn't real science (38 pts, 17 comments)
    6. Technology = Return to Feudalism (30 pts, 29 comments)
    7. R1 Holiday contest comin' (29 pts, 79 comments)
    8. The BadEconomics Holiday Contest (29 pts, 1 comment)
    9. Unintended consequences (27 pts, 50 comments)
    10. In Which JH is called a retarded economist (22 pts, 44 comments)
  8. 487 pts, 24 submissions: u/lorentz65
    1. I like my labor lumpy and my employment serf-y. (38 pts, 27 comments)
    2. I'm audibly laughing and weeping while reading this thread. (33 pts, 75 comments)
    3. [Question] Why are the mods massive fascists? (31 pts, 32 comments)
    4. De immigranten! (29 pts, 68 comments)
    5. The poster child of badeverything. (26 pts, 39 comments)
    6. The internet exists therefore public goods don't real. QED. (26 pts, 58 comments)
    7. This sub-reddit should start doing more slam poetry (26 pts, 89 comments)
    8. We are not proselytizing enough praxbrothers! (25 pts, 60 comments)
    9. Causation goes from GDP=>everything bad. (25 pts, 40 comments)
    10. DAE Fed is a private bank! (21 pts, 22 comments)
  9. 441 pts, 7 submissions: u/Integralds
    1. Bernie Sanders' NYT Op-Ed on the Federal Reserve (234 pts, 445 comments)
    2. The Chart for /badeconomics (51 pts, 78 comments)
    3. Official Proposal for Two "Bad Economics Discussion Threads" per Week (proofs inside) (49 pts, 36 comments)
    4. List of Currencies by Realness [Public Service Announcement] (40 pts, 36 comments)
    5. I Just Spent Five Days Listening to Fox News (34 pts, 107 comments)
    6. Annual hours worked (17 pts, 19 comments)
    7. PSA: /dsge is now open for business (16 pts, 15 comments)
  10. 439 pts, 12 submissions: u/potato1
    1. Humanity is 10 cows. The economy is a butcher and/or a dairyman, and the dairyman only wants 7 of them. Jobs are when you avoid getting butchered and get milked instead. (58 pts, 36 comments)
    2. "[T]ariffs... are the only thing that allow workers here to continue making $10 an hour vs $.10 an hour because we tax imports from countries where they pay employees $.10 an hour" (52 pts, 41 comments)
    3. Law and Economics RI: "Every person on this subreddit should be aware of the Glass-Steagall act, because if it hadn't been repealed you'd be paying only 0.5% interest on your mortgage and student loans right now" (50 pts, 29 comments)
    4. Wealth is basically like character level in an MMORPG with player versus player combat, and like character level, wealth should have an absolute cap (46 pts, 210 comments)
    5. NAFTA was bad because it was bad for Detroit. Also, an increase in Americans' mean income is bad for the majority of Americans. (43 pts, 162 comments)
    6. "economist are like the Borg and don't care about regular people. They care about conglomerate entities like nations, corporations, etc. The smaller the conglomerate entity, the less of a shit economists give about it." (38 pts, 34 comments)
    7. "Why would greater productivity lead to higher wages and lower prices? There is little evidence to support that actually occurs in the real world." (36 pts, 62 comments)
    8. Printing more money causes deflation. Also, deflation is when prices of goods increase. Also, China caused the real estate bubble by "exporting deflation" though "flood[ing] the world with cheap products" (31 pts, 22 comments)
    9. This redditor has the solution for the Greek debt crisis, and indeed all economic problems across the globe: global jubilee (27 pts, 41 comments)
    10. Net Neutrality is communism. (25 pts, 88 comments)

Top Commenters

  1. u/besttrousers (30182 pts, 4648 comments)
  2. u/wumbotarian (25844 pts, 5992 comments)
  3. u/say_wot_again (17728 pts, 2805 comments)
  4. u/Integralds (15045 pts, 2290 comments)
  5. u/urnbabyurn (12655 pts, 2220 comments)
  6. u/commentsrus (11917 pts, 1969 comments)
  7. u/bdubs91 (6030 pts, 1629 comments)
  8. u/irondeepbicycle (5733 pts, 794 comments)
  9. u/-Rory- (5577 pts, 1115 comments)
  10. u/Jericho_Hill (5243 pts, 1195 comments)

Top Submissions

  1. FUCK THE BABY BOOMERS!!! LOUD NOISES!!! by u/say_wot_again (253 pts, 259 comments)
  2. Bernie Sanders' NYT Op-Ed on the Federal Reserve by u/Integralds (234 pts, 445 comments)
  3. User in /Politics unironically calls Integralds "Hitler" in a horrible thread about the Federal Reserve, Bitcoin, Anarcho-Marxism, and Basic Income. by u/commentsrus (202 pts, 17 comments)
  4. Is a basic income badeconomics? No, not really. But there is a lot of badeconomics in the /basicincome FAQ (Part 1) by u/besttrousers (163 pts, 136 comments)
  5. 10 Ways that TPP would hurt Working Families. Bernie Sanders AND the TPP, what's not to love?! by u/irondeepbicycle (160 pts, 115 comments)
  6. <-- # of Days Jericho_Hill replaces Wumbo as R1 Moderator by u/Jericho_Hill (159 pts, 64 comments)
  7. "Now that the text of the Trans-Pacific Partnership has finally been released, it is even worse than I thought." Sanders declares, hours after the release of a 1,000 odd page legal document. by u/Tiako (144 pts, 266 comments)
  8. Banks serve no social purpose, if banks didn't exist everyone could build their own house, the only reason you can't create your own money is because banks have banned it, banks are "cheeky cunts" for demanding repayment of loans, you are only an employee because you have to pay taxes, and more! by u/usrname42 (121 pts, 85 comments)
  9. "Economics teacher" explains why free trade is bad. Seems to have no idea what comparative advantage is. by u/telaisarcher1 (109 pts, 313 comments)
  10. "In the U.S., the gap stands at 64%, meaning that women earn about two-thirds of what men make for similar work." by u/wqqk (108 pts, 23 comments)

Top Comments

  1. 675 pts: u/say_wot_again's comment in FUCK THE BABY BOOMERS!!! LOUD NOISES!!!
  2. 146 pts: u/Tiako's comment in Bernie Sanders' NYT Op-Ed on the Federal Reserve
  3. 138 pts: u/NORTHAMERICAN_SCUM's comment in FUCK THE BABY BOOMERS!!! LOUD NOISES!!!
  4. 136 pts: u/besttrousers's comment in "But companies still hire people because they have no choice but to. They need enough workers to meet the demands of the market and so they hire people. So if a layoff was to occur I'd occurred regardless of wage hike."
  5. 133 pts: u/praxeologist4lyfe's comment in Don’t let the Nobel prize fool you. Economics is not a science | Joris Luyendijk
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The Nobel Prize-winning economist joseph stiglitz warned of bitcoin bubble Bitcoin is a bubble: Nobel Laureate in Economics Nobel Prize Winning Economist Slams Bitcoin and Crypto. Old Man Krugman Calls Bitcoin a Ponzi Scheme Bitcoin Crash? A Nobel prize economist's theory on a potential cause. Winner of Nobel Prize Economics about valu of bitcoin ...

The post Bitcoin Will ‘Totally Collapse,” Even if it Takes 100 Years: Nobel Prize Winner appeared first on CCN Nobel laureate Robert Shiller is fairly confident bitcoin will collapse, but he’s not quite sure when that collapse will occur. Shiller, a Yale University professor who won the Nobel Prize for Economics in 2013, told CNBC that bitcoin will likely “totally collapse and be ... This discussion has been archived. No new comments can be posted. Bitcoin Nears $17,000 After Climbing About $4,000 in Less Than a Day More Login Interactive Chart for Bitcoin USD (BTC-USD), analyze all the data with a huge range of indicators. In a recent interview with CNBC, Yale professor of economics and Nobel prize-winner Robert Shiller advocated that Bitcoin will eventually die out. Following the advice of investing guru Philip Fisher Bitcoin Hits $6,000! At the time of the crossing of this important milestone, according to CryptoCompare figures, BTC showed an increase of 2.3% in the last 24 hours, approximately 1.5 times the increase of the total market for crypto coins, which was 1.5%.

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The Nobel Prize-winning economist joseph stiglitz warned of bitcoin bubble

In this video we look at a theory put forward by Nobel prize economists on what could be a potential cause for a bitcoin crash. The book I discuss is called Animal Spirits. "Robert Shiller, 2013 Nobel Prize winner in Economics, and an expert in the nature of market excesses, has come down on bitcoin and said that the tremendous jump of the virtual currency was a 100 ... Business Insider senior editor Josh Barro sits down with Paul Krugman, a Nobel Prize-winning economist and distinguished professor of economics at the City University of New York. They start by ... Enjoy the videos and music you love, upload original content, and share it all with friends, family, and the world on YouTube. The Nobel Prize-winning economist joseph stiglitz warned of bitcoin bubble Joseph StiglitzCredit APMark LennihanCharlie May20171129T224540Z•20171129T224540Z•...

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