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Comment Old stuff "discovered" by the ignorant (Score 5, Informative) 442

I am an economist. Economists have already extensively studied this kind of approach. It's called an Input/Output Model. Communist countries used it in their approach to central planning during the 1970's. It failed miserably for two reasons:

1) It assumes zero substitutability between inputs. E.g., to make a car you need exactly 1.35 tons of steel, 52.7 kg of rubber, 217 kg of glass, 1.73 KW of electricity, 29.4 hours of labor, etc. No other formula is possible, you can't use more energy and less labor, for instance. For reference, the production function is known as a Leontief production function. To be fair, adding any kind of substitutability between inputs results in a completely intractable problem. However, without substitutability this is a lousy way to actually model an economy.

2) It assumes perfect information on the part of the central planner. While this is an oft-used simplification in economic models, it's a lousy reflection of reality. It's simply impossible for a central planner to gather and correlate sufficient information to make it work.

Yet another piece-of-crap opinion article written by someone who couldn't be bothered to do an hour's research on Wikipedia.

Comment Re:Thank god for Trump! (Score 3, Insightful) 355

But what happened to all the good Republican candidates?

They got starved out by the press because Trump sucked all the air out of the room. The same thing happened on the other side of the Ruling Party. Their last reasonable prospect was Jim Webb, but he couldn't get any attention with the press all working for Hillary to sink Bernie.

-jcr

Comment Standard Ruling Party shit. (Score 3, Interesting) 355

"Vote for (Trump | Hillary) because (Hillary | Trump)! A vote for any other candidate is really a vote for (Trump | Hillary)! Don't throw your vote away because (Hillary | Trump) is too horrible to contemplate!"

Fuck that noise. I want a clear conscience, so it's Gary Johnson/William Weld for me.

-jcr

Comment Re:String theory is just that: a theory (Score -1) 142

But we just proved it doesn't exist. The missing mass exists.

But not the dark matter.

Hence, my theory is just as valid, that EM has both mass and is a wave, and we're just confused little podlings who will have to go back and adjust our theories again, as we did over and over and over.

Remember, at first we didn't think light bent due to gravity.

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