economists are useless, or worse...

On Monday, July 4, 2022 at 7:17:27 AM UTC+10, Ricky wrote:
On Friday, July 1, 2022 at 8:26:59 PM UTC-4, bill....@ieee.org wrote:
On Saturday, July 2, 2022 at 10:19:21 AM UTC+10, John Larkin wrote:
On Fri, 1 Jul 2022 19:11:15 -0500, Les Cargill <lcar...@gmail.com
wrote:
Ed Lee wrote:
On Wednesday, June 29, 2022 at 5:50:55 PM UTC-7, John Larkin wrote:
https://www.breitbart.com/economy/2022/06/29/fed-chairman-powell-realizes-how-little-we-understand-about-inflation/

I doubt that he doesn\'t understand increased liquidity (pandemic or
otherwise) drives inflation. But it\'s easier to say I didn\'t know
than to say I lied to you.

Yeah, but *when*? Variable lags will kill your ability to predict things.

If people don\'t understand control theory.

The economy is a complex non-linear system. Control theory works for linear systems, or systems you can linearise. Real systems tend to stop looking linear or linearisable when they hit the rails. John Larkin seems to think that economists ought to be able to do as well at controlling a really complex system as he can do on much simpler systems, so the failure of understanding is all his.

One thing I know, is the only thing more pointless than reading Larkin\'s imaginings, is responding to his posts on his imaginings.

He doesn\'t read them - his vanity prevents him from exposing himself to the idea that he could ever get anything wrong.
Pointing out that he is wrong is probably constructive.

> Sometimes this group is such a sad place to visit. Or maybe pathetic is a better word.

It has it\'s moments - though not all that many of them. If you know a better venue do tell us where we ought to be posting.

--
Bill Sloman, Sydney
 
On Wednesday, June 29, 2022 at 5:50:55 PM UTC-7, John Larkin wrote:
> https://www.breitbart.com/economy/2022/06/29/fed-chairman-powell-realizes-how-little-we-understand-about-inflation/

I doubt that he doesn\'t understand increased liquidity (pandemic or otherwise) drives inflation. But it\'s easier to say I didn\'t know than to say I lied to you.
 
On Wed, 29 Jun 2022 18:39:44 -0700 (PDT), Ed Lee
<edward.ming.lee@gmail.com> wrote:

On Wednesday, June 29, 2022 at 5:50:55 PM UTC-7, John Larkin wrote:
https://www.breitbart.com/economy/2022/06/29/fed-chairman-powell-realizes-how-little-we-understand-about-inflation/

I doubt that he doesn\'t understand increased liquidity (pandemic or otherwise) drives inflation. But it\'s easier to say I didn\'t know than to say I lied to you.

Or he doesn\'t understand basic economics.
 
Off-topic troll...

--
John Larkin <jlarkin@highland_atwork_technology.com> wrote:

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From: John Larkin <jlarkin@highland_atwork_technology.com
Newsgroups: sci.electronics.design
Subject: economists are useless, or worse
Date: Wed, 29 Jun 2022 17:50:45 -0700
Organization: Highland Tech
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https://www.breitbart.com/economy/2022/06/29/fed-chairman-powell-realizes-how-little-we-understand-about-inflation/

--

If a man will begin with certainties, he shall end with doubts,
but if he will be content to begin with doubts he shall end in certainties.
Francis Bacon
 
Troll Doe stated the following in message-id
<svsh05$lbh$5@dont-email.me>
(http://al.howardknight.net/?ID=164904625100) posted Fri, 4 Mar 2022
08:01:09 -0000 (UTC):

Compared to other regulars, Bozo contributes practically nothing
except insults to this group.

Yet, since Wed, 5 Jan 2022 04:10:38 -0000 (UTC) Troll Doe\'s post ratio
to USENET (**) has been 66.5% of its posts contributing \"nothing except
insults\" to USENET.

** Since Wed, 5 Jan 2022 04:10:38 -0000 (UTC) Troll Doe has posted at
least 2498 articles to USENET. Of which 176 have been pure insults and
1486 have been Troll Doe \"troll format\" postings.

The John Dope troll stated the following in message-id
<sdhn7c$pkp$4@dont-email.me>:

> The troll doesn\'t even know how to format a USENET post...

And the John Dope troll stated the following in message-id
<sg3kr7$qt5$1@dont-email.me>:

The reason Bozo cannot figure out how to get Google to keep from
breaking its lines in inappropriate places is because Bozo is
CLUELESS...

And yet, the clueless John Dope troll has continued to post incorrectly
formatted USENET articles that are devoid of content (latest example on
Thu, 30 Jun 2022 02:52:26 GMT in message-id
<Kd8vK.51397$Zth9.15139@usenetxs.com>).

NOBODY likes the John Doe troll\'s contentless spam.

This posting is a public service announcement for any google groups
readers who happen by to point out that Troll Doe does not even follow
the rules it uses to troll other posters.

ndaIALw6sIF4
 
On 06/29/2022 08:17 PM, jlarkin@highlandsniptechnology.com wrote:
On Wed, 29 Jun 2022 18:39:44 -0700 (PDT), Ed Lee
edward.ming.lee@gmail.com> wrote:

On Wednesday, June 29, 2022 at 5:50:55 PM UTC-7, John Larkin wrote:
https://www.breitbart.com/economy/2022/06/29/fed-chairman-powell-realizes-how-little-we-understand-about-inflation/

I doubt that he doesn\'t understand increased liquidity (pandemic or otherwise) drives inflation. But it\'s easier to say I didn\'t know than to say I lied to you.

Or he doesn\'t understand basic economics.

Considering about 400 Ph.D economists work for the Fed you\'d think one
or two would have some grasp.
 
Eddie, the Astraweb nym-shifting forger is trolling off-topic and other posts
with its copy of my ID, then replies (or not) to its own post.

See also...
Edward H. <dtgamer99 gmail.com>
Edward Hernandez <dtgamer99 gmail.com>
Peter Weiner <dtgamer99 gmail.com>
John Doe <always.look message.header> (Astraweb, Aioe.org)
Bertrand Sindri <bertrand.sindri yahoo.com> (unlikely but possible)

--
John Doe <always.look@message.header> wrote:

Path: eternal-september.org!reader01.eternal-september.org!news.uzoreto.com!feeder1.feed.usenet.farm!feed.usenet.farm!news-out.netnews.com!news.alt.net!fdc2.netnews.com!peer03.ams1!peer.ams1.xlned.com!news.xlned.com!peer02.ams4!peer.am4.highwinds-media.com!news.highwinds-media.com!fx06.ams4.POSTED!not-for-mail
From: John Doe <always.look@message.header
Newsgroups: sci.electronics.design,free.spam
Subject: economists are useless, or worse
Followup-To: alt.test.group
References: <fmspbhp6rrjllr2vbu37bsb0gr7srlq72t@4ax.com
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Date: Thu, 30 Jun 2022 02:52:26 GMT
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Xref: reader01.eternal-september.org sci.electronics.design:673021 free.spam:20133

Off-topic troll...

--
John Larkin <jlarkin@highland_atwork_technology.com> wrote:

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NNTP-Posting-Date: Wed, 29 Jun 2022 19:50:45 -0500
From: John Larkin <jlarkin@highland_atwork_technology.com
Newsgroups: sci.electronics.design
Subject: economists are useless, or worse
Date: Wed, 29 Jun 2022 17:50:45 -0700
Organization: Highland Tech
Reply-To: xx@yy.com
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https://www.breitbart.com/economy/2022/06/29/fed-chairman-powell-realizes-how-little-we-understand-about-inflation/

--

If a man will begin with certainties, he shall end with doubts,
but if he will be content to begin with doubts he shall end in certainties.
Francis Bacon
 
In message-id <t6nt3e$7bp$3@dont-email.me>
(http://al.howardknight.net/?ID=165357273000) posted Thu, 26 May 2022
12:50:54 -0000 (UTC) Troll Doe stated:

Always Wrong, the utterly foulmouthed group idiot, adding absolutely
NOTHING but insults to this thread, as usual...

Yet, since Wed, 5 Jan 2022 04:10:38 -0000 (UTC) Troll Doe\'s post ratio
to USENET (**) has been 66.6% of its posts contributing \"nothing except
insults\" to USENET.

** Since Wed, 5 Jan 2022 04:10:38 -0000 (UTC) Troll Doe has posted at
least 2506 articles to USENET. Of which 176 have been pure insults and
1493 have been Troll Doe \"troll format\" postings.

The John Doe troll stated the following in message-id
<sdhn7c$pkp$4@dont-email.me>:

> The troll doesn\'t even know how to format a USENET post...

And the John Doe troll stated the following in message-id
<sg3kr7$qt5$1@dont-email.me>:

The reason Bozo cannot figure out how to get Google to keep from
breaking its lines in inappropriate places is because Bozo is
CLUELESS...

And yet, the clueless John Doe troll has continued to post incorrectly
formatted USENET articles that are devoid of content (latest example on
Thu, 30 Jun 2022 05:23:08 -0000 (UTC) in message-id
<t9jbvs$1n7td$3@dont-email.me>).

NOBODY likes the John Doe troll\'s contentless spam.

This posting is a public service announcement for any google groups
readers who happen by to point out that John Dope does not even follow
the rules it uses to troll other posters.

Te6oBWAmFPj4
 
On Thursday, June 30, 2022 at 1:16:27 PM UTC+10, rbowman wrote:
On 06/29/2022 08:17 PM, jla...@highlandsniptechnology.com wrote:
On Wed, 29 Jun 2022 18:39:44 -0700 (PDT), Ed Lee
edward....@gmail.com> wrote:

On Wednesday, June 29, 2022 at 5:50:55 PM UTC-7, John Larkin wrote:
https://www.breitbart.com/economy/2022/06/29/fed-chairman-powell-realizes-how-little-we-understand-about-inflation/

I doubt that he doesn\'t understand increased liquidity (pandemic or otherwise) drives inflation. But it\'s easier to say I didn\'t know than to say I lied to you.

Or he doesn\'t understand basic economics.

Considering about 400 Ph.D economists work for the Fed you\'d think one
or two would have some grasp.

Breitbart wouldn\'t see any political advantage in admitting it.

--
Bill Sloman, Sydney
 

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