106 karma · joined May 25, 2008
Things like raising children well, championing unfashionable but important positions, fighting injustice and poverty - the really worthwhile things in life - are often extraordinarily difficult and can cause more despair than pleasure. But I choose to believe that they are nonetheless important, and not only because there is the promise of the glow of contentment in the case of a possible future triumph.
Many in the tech industry achieve extraordinary success in modern society. But when someone rises to that position, the single-minded pursuit of stimulating one's own reward circuits can look quite callous in the eyes of those who haven't been able to rise to wealth and power. In the days of the hereditary aristocracy, there existed the idea of "noblesse oblige", or the obligation of the upper classes to be a positive force for all those who lived in their society. It might do us some good to revive that idea.
Did the BBC misinterpret the data, or did the scienceblogs article make a mistake?
We live in an economy with a certain amount of economic activity and overall wealth, which tend to go up over time (barring recession). To facilitate trade, the central banks of nations issue currency, which acts as a "dual" of the economy (or more precisely, a piece of it - there aren't enough dollars circulating to buy every good and service in the US simultaneously), a pure trade good with fiat value. If the economy kept growing and the supply of currency stayed constant, deflation would result, as previously noted. However, by Keynesian theory (which is not absolutely proven be right, but has worked pretty well over the past 75 years), inflation (at reasonable levels) is more conductive to investment and consumption and overall economic vitality than deflation, due to people being more inclined to spend and invest money that would lose value just sitting there.
Thus, the government prints more money every year than would be necessary to match the growth in the economy. This is not some ridiculous plot by the Swiss and the Jews to enslave us all; it's simply a tax on everyone who holds dollars (or, in other countries, other currencies), since the government dilutes the overall pool of currency to grant itself spending money. This "inflation tax" is always a very small percentage of overall government revenues in the US, and even if Keynesian theory were totally wrong, the policy would not be particularly harmful. It would just be another tax, although somewhat regressive, since the poor tend to have more of their net-worth in cash than the rich.
And, it makes absolutely no difference who gets the money straight from the printing press, aside from the value of enjoying crisp, shiny new bills. The government spends money it got from printing in exactly the same places as it spends money procured from taxes.
I understand what psychological processes drive people to conspiracy theory, but it still frustrates me to no end that so many people believe in the laws of cigar-munching cabals instead of those of economics.
However, it is true that being able to pass on wealth to one's children can be an incentive to produce more, so that on the other hand points to the benefit of a lower estate tax.
So, I think the best compromise is somewhere between the pro-meritocracy 100% tax and the pro-short-term-productivity 0% tax; that way there is still a significant incentive to earn for one's offspring, but if 1/x of the money is taxed away in each generation (and the important thing is not where it goes, but that it is taken out of the hands of the rich family), there is an exponential-decay curve for the wealth and power of the family. However, it's important that the tax is high enough to counteract the interest gains that even uninspired investing can bring. I won't venture to propose a sweet spot, but I think that approach should provide the most balance and social benefit overall.
In general, this seems like a lesson to not focus so much on the "strongest point", but try to squeeze out more returns from weaker points before diminishing returns set in so heavily. E.g. - don't make your strongest developer in a small team do all of the hard work, even if his code is much better than others'. His ninth hour of work is less productive than another developer's second.
I agree that the US system teaches mathematics in too formulaic and granular a way. The way I see it, a good way to divide math students into two categories is to look at those who will use math in their future careers as scientists, engineers, etc, and those who will not and are only studying math to "see the world from another angle".
In either case, a spitting-back-of-formulas approach is counterproductive: Scientists and engineers need to (or at least would do very well to) understand how the mathematics they use works. On the other hand, those who will not use math in the future have no real need to pack their brains full of formulaic tidbits; they will get the most value through pursuing a problem-solving approach that generalizes well to other areas of life.
In short, no matter what the class's level, mathematics definitely needs to be taught from a more problem-solving, integrated perspective. "Pre-med math" that consists mainly of memorization and regurgitation does nobody any good.
The main problem, I imagine, would be recruiting teachers that can actually teach mathematics in this way. That raises a whole different question, though - why do we have "teachers" and not mathematicians teaching math; why do we have "teachers" and not historians teaching history? It seems that much of what education school teaches is how to keep order and run a classroom of bored and antsy students, but wouldn't it be more effective to simply teach interesting material and keep the kids engaged?
A similar phenomenon to look at is the increased birth rate observed nine months after blackouts. Blackouts probably cause some births that would have occurred in close proximity to the nine-months-later period to move to that time period, as well as causing others to occur that would not have otherwise (accidents).
Thanks for the advice on the course catalog - I'll definitely do that.