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#econ

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LIPSTICK ON A PIG: Trump's UK "Trade Deal" Turns Out To Be Nothing But A Dog And Pony Show

thegodlessliberal.blogspot.com

> "MAJOR TRADE DEAL WITH REPRESENTATIVES OF A BIG, AND HIGHLY RESPECTED, COUNTRY. [Don on his private microblog] Today's spectacle in the Oval Office was less of a trade deal than it was a cringy tongue bath given to to Trump by his billionaire-infused cabinet fluffing him over what was essentially a concept of a plan or as it was dubbed 'a framework for negotiations' between the United States and the United Kingdom " #news #trade #disinfo #impoverishment #plunder #redistribution #econ

Are any Econ people around? 👇🏼

Last week, MIT released a full econ course, Principles of Microeconomics, which, as the name implies, focuses on microeconomics. This full-semester course covers the following topics:
✅ Principles of supply and demand
✅ Utility function
✅ Demand curve with income and substitution effects
✅ Monopoly
✅ Efficiency and equity
✅ Behavioral economics

The course instructor is Prof. Jonathan Gruber.

📽️: youtube.com/playlist?list=PLUl

(1/2) In another life I wrote about data breaches. Surprisingly hacks usually resulted from basic attack patterns. Often just credential abuse. Effectively knowledge asymmetry + exploitation of trust.

Once I noticed this, I saw the pattern everywhere. Companies finding ways to sell harmful products. The wealthy using clout to avoid legal consequences. Building systems resistant to trust violations is hard. Thinking about this has become a bit of an obsession.

Wealth divide will steepen as climate change spikes insurance costs, report finds

thehill.com/policy/energy-envi

> These findings point toward a complex climate future for America — one not so much of fully collapsing cities but rather of inequality growing as fortified, wealthy enclaves rise in the middle of disaster-impacted cities.

Prof Steve Keen exposes the drastic harm of climate policies based on spurious economics.

This 17- min yt debunks the execrable climate work of Prof Wm Nordhaus, author of a paper savaging The Limits to Growth (on deceptive premises) shortly after its 1972 publication.

We have all been paying for policies, laws, and practices dismissive of the effects of global heating ever since. It's bad, folks!

#SteveKeen #GlobalHeating #Econ #ClimateScience
#ScienceBasedEconomics

youtu.be/QGfaqALkc40

The idea that price caps don’t work and distort the market forces driving the economy…

It’s been a while since my Econ classes but I remember that is true presuming that we don’t exist in a market with monopolies.

I don’t think we can make that presumption in many of our markets, and tech advances probably makes collusion between competitors much easier.