2,053 karma · joined February 28, 2007
Rather unlikely.
At one point Japan was the single largest concrete importer in the world. They were building roads and bridges and train lines like crazy. It temporarily juiced the markets but did nothing to sustainably restart the economy.
Japan didn't so much subsidize the zombie banks as simply allow them to float along insolvent forever. They never forced bankruptcy or write-downs.
> The internet stocks bubble of the late 90s also was largely unrelated to government manipulation.
The NASDAQ went parabolic in 1999 just after Greenspan cut interest rates as a precautionary measure to juice the economy in preparation for Y2K.
Tulips are addressed elsewhere. I don't know anything about Eastern European housing, but I'll bet its riddled with subsidies and tax advantages just like it is here.
There are always these rather ridiculous omissions and oversimplifications with krugman.
You could say this is irrational, or you could just say it's the way people are.
That said, it's deplorable government is running these programs. Only 40 years ago this was the illegal domain of mobsters and sleazeballs. Now the state has muscled in on the action is legitimizing the moral message that you can get something for nothing.
The opportunity cost was enormous. The bailouts were a disaster for American capitalism. We now have a huge tattoo that reads "WARNING: Crony Capitalist Country. Proceed with caution".
Don't ignore the very difficult to quantify effects of the bailouts on the credit markets. The whole lesson will surely make the US a less credit worthy market and raise more questions about the dollar.
Tidal power ends up attracting a lot of conspiracy theories. Why are we bombarded with news and policies about wind and solar when on paper huge tidal generation capacity is probably viable right now? There could be something there, I don't know.
If it's government funded/subsidized it's more likely to divert capital from more productive R&D and uses in the economy.
C++ is used a lot in the big sites like Amazon and Yahoo and Google. The frameworks just aren't open sourced.
C++ remains a lot faster and a lot less memory intensive than Java/C#. It would make sense to use it any time load is pushing the hardware.
That's not true. You can automatically keep synced up.
100,000 would be hard, but 10,000 vetted employees threatened with the power of the state for the rest of their lives is definitely done in militaries all over the world.
Look at the never ending revelations about the early Soviet era. Many aspects of the GULAG system are only becoming clear now.
I do not find the argument that governments can't keep secrets convincing at all. Even if the seal isn't airtight there is often such a highly effective ability to muddy the waters the truth becomes impossible to see through the disinformation.
I can't see that.
> equal or greater benefit in any of the health indicators
Insulin resistance, for sure.
> strength training induces neurogenesis
What google informs me about neurogenesis is that it's tied to VOmax training, which long distance running is not especially good for. Interval training, a la tabata intervals, is best for that.
I very much suspect the mental benefits from actual sports exceed running. The stimulation from tennis or basketball would surely do your mind more good than pounding pavement.
> maintaining a stable currency - notably 1935-1970 and 1980-1990.
By stable you mean inexorably lose value through inflation? The dollar in real terms is down something like 98% since the establishment of the Fed. Flat or falling prices was the pre-Fed norm.
Comparing non-exercisers to marathon runners is irrelevant. I repeat: marathons inflict measurable physiological damage. A fit person who got fit by means other than long distance running would not have this damage.
There is a much greater volume of clinical research oriented around treadmills and distance running in general because it is very easy to quantify and study. This does not by consequence recommend distance running.
Let's remember Greenspun used TCL for his commercial work.
There are two points here. 1) There is a lot of evidence that marathon type running is BAD for you. Not running period, just heavy long distance running. 2) Strength training and sprints have better health benefits, with the added bonus they take a small fraction of the time of distance running.
Does the book address the physiological damage documented in my link?