AmericanEconomicThinkTank

Lol yea, think tank thing is real as well. First-gen student and all that, so thought hell I have the education might as well use it, even if I'm a one man show here. This is genuinely turning into a whole lecture here lmao so uh, good luck lol.

Funny you say that, that's actually one of the reasons I'm trying to push my local library to host a few community education semminars and the such, in a perfect world I would spend my life going from one subject to another just soaking in everything I can.

Economics as a whole, and the economists themselves, can either end up being practically stuck in the 19th or 20th century, or standing right on the bleeding edge of theory and application. While as a field in and of itself, economics equally relies on existing mathematical principles for use, so it's a rarity to find an economist trying to create new mathematical principle like you would with a mathematician, but you will find lots of economists working to use new mathematics to integrate into economics models. A good example of this, is how often models used in the world of physics end up being used in modeling economies, or specific sectors. Even right now, the most common model used for determining market averages is a 19th century equation developed to determine the temperature of a room. Though that's not even looking at the priciples of the subject, which are as old as know written language, if I recall you can still find basic economic principles on old cuneiform tablets. As for actual acceptance of theory, it's pretty much always up for grabs, given it's a field of observations on the real world, it's impossible by it's nature to have a universal proof, mathematically speaking at least.

As for currently widely accepted theory, the easiest to point to in the modern world are two basic assumptions. First, is that in any given economy, growth is considered a perpetuity. In the junior economics world (aka business leaders lol) they take that as the mantra "expand or die," though it's quite a bit more accurate to see each part of an economy, whether that's a single business or entire sector, as limited in it's current full potential, but the additions to the economy as a whole tend to be stay within the whole, in one form or another, even if that firm or sector disappears. Mostly this is through research, infrastructure, even how taxes paid get redistributed. So, you can technically have "infinite" future growth, while still operating within a limited resource world.

Of course the problem is most businness leaders and politicians don't end up taking that longer run thinking, and just jump into the take everything you can and give nothing back bandwagon.

Recessions are a bit of of a hot-bed in the policy side of things, given the underlying assumption of the post-war economic models implemented in the US after WW2, and copied world-wide, is that consistent inflation on a year to year basis would be able to both foster greater economic growth by increasing total possible credit in an economy (which it does) but, that that year to year constant inflation rates should also prevent recessions and general depressions. Of course that half hasn't come true, most senior economists over the years have pivoted into the viewpoint that controlled inflation smoothes out larger recessions and depressions, but that's still up in the air. Since the 2008 recession was very much a depression, with many recessions ocurring pretty much decade after decade since it was enacted in 1945, it's very much being questioned as a central policy, but for the most part it hasn't collapsed so it's still probably going to be enacted.

Democrats now are where Republicans were in the 80s

*Amid party divide they have the majority, they get the blame

Ugh Jesus.

To quote some of my most respected and honorable colleagues on the hill:

"Stephen Miller plays with dolls"

Kinda like that other guy, once I ripped my cd collection to digital, just didn't even get into streaming.

Still make mixtapes the old fashioned way for my partner (corny lol I know) and I buy the occasional remaster at a local thrift shop, or the old baked out hippie running a music / instrument shop.

It's an honest joy.

I try to curate zines from around the world into local exhibitions, do hand translating alongside if need be, imitate the original paper best I can.

It's kinda fun lol. That and kinda similarly, but I love♡ spending time on online software radio sites, just listening into different channels like I was there myself.

Oh I can tell you from experience, like full on star wars, hate and anger literally does this to you.

I had an Aunt, reserved woman, but honest. She was the first woman born in the entire family to be born with the right to vote. She managed to chisel herself a career in civil service for her entire adult life, never married, through all the rather distasteful attitudes she'd deal with on a daily basis.

Even she kept a copy of the constitution in her purse, a document that forbade her own mother from being able to vote well into adulthood.

Way I see it, our nation as such beautifully unceasing promise behind it, and they're damn afraid of that fact.

Lol sorta. For me, I run official accounts in these sorts of circles mainly because I despise modern corporate social media platforms, I'd still be on newsgroups if it weren't so much work lol.

So, I do enjoy seeing notifs, mainly in the hope (like every other boring ass economist) that I get to have some dialog on an interesting topic.

I miss the Car Talk days of NPR, just on my commute to night class today I get to hear them make the statement "Democrats shut down the government."

God this shit is disheartening.

Interesting, I'm starting to see what you mean there. Comparable to US steel quality dropping and being supplanted by Japan, or currently China.

Hell even the axis started using compressed cardboard by the end of the war.

I recall hearing the statements about bone health increasing in the generations after the collapse of the Rome and the such. That ring true? What piqued your interest in the era?