Quotulatiousness

June 19, 2017

Office Hours: The Solow Model

Filed under: Economics — Tags: , , — Nicholas @ 04:00

Published on 20 Apr 2016

In last week’s Principles of Macroeconomics video, you learned about the steady state level of capital and the Solow model of economic growth. Here are two of the practice questions from that video:

Country A has K=10,000 and produces GDP according to the following equation: GDP=5√K.
1) If the country devotes 25% of its GDP to making investment goods, how much is the country investing?
2) If 1% of all machines become worthless every year (they depreciate, in other words) in Country A, GDP is…?

Political crossovers

Filed under: Media, Politics, USA — Tags: , , , — Nicholas @ 03:00

In the most recent G-File “news”letter, Jonah Goldberg nerds out on the crossovers in comic books and TV shows, before pointing out that we’re living in the biggest crossover yet:

Well, the Donald Trump presidency is the mother of all crossovers. The primetime reality-TV universe has merged with the cable-news universe — and both sides are playing the part. This is a hugely important point, and one I think my fellow Trump-skeptics should keep in mind. Take, for instance, that cabinet meeting where everybody reportedly sucked up to the president. As Andy Ferguson notes, that’s not really what happened. Reince Priebus did the full Renfield, and so did Mike Pence, but most of the others played it fairly straight.

Don’t get me wrong: Donald Trump’s need for praise is a real thing, so much so he has to invent it or pluck it from random Twitter-feed suck ups. (Remember when he told the AP that “some people said” his address to Congress “was the single best speech ever made in that chamber”?) So, yeah, Trump acts like a reality-show character, but much of the political press is covering him like they’re reality-show producers.

As I’ve talked about a bunch, the mainstream media MacGuffinized Barack Obama’s presidency, making him the hero in every storyline. With Trump, they’re covering the White House like an episode of Big Brother or MTV’s Real World. By encouraging officials to gossip and snipe about each other and the boss, they too are playing the game. Much of MSNBC’s and CNN’s coverage feels like it should be called “Desperate Housewives of 1600 Pennsylvania Avenue.”

So, when you look at how that cabinet meeting was covered, it felt less Stalinesque and more like a creepy spinoff of The Bachelor or The Bachelorette or some sure-to-come non-gendered version (working title, “I Could Be into That”). I kept wanting the anchor to break away to a confession-cam interview with Mike Pence. If he doesn’t give me a rose but gives one to Reince, I will be like, “Oh no he didn’t!”

Meanwhile, Trump’s tweeting seems less like what it is — the panicked outbursts of narcissist with a persecution complex — and more like a premise of The Apprentice in which contestants have to deal with the boss’s rhetorical monkey wrenches. Back in the West Wing, the producers (who just finished congratulating themselves for coming up with the crossover idea of having Apprentice alumnus Dennis Rodman give Kim Jong-un a copy of The Art of the Deal) are trying to craft the best possible tweets to get Sean Spicer to pop a vein in his neck.

The Articles of Confederation – IV: Constitutional Convention – Extra History

Filed under: Government, History, Liberty, USA — Tags: , , , — Nicholas @ 02:00

Published on May 27, 2017

What if we kept the Articles of Confederation? The Alternate History Hub explores: https://www.youtube.com/watch?v=x1NTboCDbtk

The war finally ended and the United States secured their independence from Great Britain, but immediately their Confederation seemed to be on the verge of falling apart. Alexander Hamilton and James Madison teamed up to organize a new convention where all the states would not just reform the Articles of Confederation, but replace them entirely.

QotD: The Pope

Filed under: Britain, Humour, Quotations, Religion — Tags: , — Nicholas @ 01:00

I am not a Catholic but I understand that, unlike the position of Archbishop of Canterbury, where total contempt from the congregants more or less comes with the job, the Bishop of Rome is generally held in some respect by his church.

Mark Steyn, “Last Laughs in Europe”, SteynOnline.com, 2015-09-28.

Powered by WordPress