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THE Nobel Prizes and Winners Thread (merged)

What's on your mind?
General interest discussions, not necessarily related to depletion.

Re: Paul Krugman wins the Nobel Prize in Economics

Unread postby Pops » Wed 15 Oct 2008, 16:29:01

$this->bbcode_second_pass_quote('mattduke', 'A')nd they gave the Peace Prize to Kissenger.


Nixon was a paranoid, self serving crook but he and Hank could have taught our current Gang That Can't Shoot Straight some lessons.


Anyway, from The Great Unraveling:

Metaphors can be tricky things, but Manhattans Debt Clock is as good as they come.

Didn't I just see the clock ran out of zeros?
The legitimate object of government, is to do for a community of people, whatever they need to have done, but can not do, at all, or can not, so well do, for themselves -- in their separate, and individual capacities.
-- Abraham Lincoln, Fragment on Government (July 1, 1854)
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Re: Paul Krugman wins the Nobel Prize in Economics

Unread postby heroineworshipper » Wed 15 Oct 2008, 17:12:27

Uba Acka Ack Back Bama. Where's my nobel prize?
People first, then things, then dollars.
There will be enslavement, cannibalism, & zombie invasions.
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Re: Paul Krugman wins the Nobel Prize in Economics

Unread postby ReverseEngineer » Wed 15 Oct 2008, 17:42:17

$this->bbcode_second_pass_quote('evgeny', 'I') recall that at one time was a few Western specialists economists,
who won the Nobel Prize for mathematical proof of what happens
on the stock exchange crisis will never happen.
Nobel Prize - this is a travesty of social well-deserved award.


Can somebody translate this into comprehensible English?

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Re: Paul Krugman wins the Nobel Prize in Economics

Unread postby Pops » Wed 15 Oct 2008, 18:35:29

I stuck it in babel fish and got this:

Translation Tips:

Tips 1: Use correct spelling, grammar, and punctuation for the highest quality translations.
The legitimate object of government, is to do for a community of people, whatever they need to have done, but can not do, at all, or can not, so well do, for themselves -- in their separate, and individual capacities.
-- Abraham Lincoln, Fragment on Government (July 1, 1854)
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Re: Paul Krugman wins the Nobel Prize in Economics

Unread postby ReverseEngineer » Wed 15 Oct 2008, 18:38:36

$this->bbcode_second_pass_quote('heroineworshipper', 'U')ba Acka Ack Back Bama. Where's my nobel prize?


Is this some sort of Code? Your syntax and Evgeny's English are about the most confused gibberish I have read on the board, and that INCLUDES Golem. I could at least grasp some meaning in is stuff.

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Re: Paul Krugman wins the Nobel Prize in Economics

Unread postby kmann » Wed 15 Oct 2008, 23:27:11

now there's a man with a political ax to grind. nobel ain't what she used to be. i'd take the 1.4 million though.
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Krugman, Nobel Laureate, Economics, NyTimes Circa 2002

Unread postby mattduke » Mon 15 Jun 2009, 23:18:31

$this->bbcode_second_pass_quote('', 'T')he basic point is that the recession of 2001 wasn't a typical postwar slump, brought on when an inflation-fighting Fed raises interest rates and easily ended by a snapback in housing and consumer spending when the Fed brings rates back down again. This was a prewar-style recession, a morning after brought on by irrational exuberance. To fight this recession the Fed needs more than a snapback; it needs soaring household spending to offset moribund business investment. And to do that, as Paul McCulley of Pimco put it, Alan Greenspan needs to create a housing bubble to replace the Nasdaq bubble.

via lewrockwell
nytimes
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Re: Krugman, Nobel Laureate, Economics, NyTimes Circa 2002

Unread postby kjmclark » Tue 16 Jun 2009, 07:36:33

Starting the very next paragraph:

$this->bbcode_second_pass_quote('', 'J')udging by Mr. Greenspan's remarkably cheerful recent testimony, he still thinks he can pull that off. But the Fed chairman's crystal ball has been cloudy lately; remember how he urged Congress to cut taxes to head off the risk of excessive budget surpluses? And a sober look at recent data is not encouraging.
...
But wishful thinking aside, I just don't understand the grounds for optimism. Who, exactly, is about to start spending a lot more? At this point it's a lot easier to tell a story about how the recovery will stall than about how it will speed up. And while I like movies with happy endings as much as the next guy, a movie isn't realistic unless the story line makes sense.


I.e., Krugman didn't expect them to be able to pull off a recovery. So, he was right on the mechanism, a housing bubble, that the Fed would use, but wrong in their ability to get it to work. They actually succeeded in inflating the mother of all housing bubbles and bought W six more years to wreak havoc.
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Re: Krugman, Nobel Laureate, Economics, NyTimes Circa 2002

Unread postby TreeFarmer » Tue 16 Jun 2009, 08:47:40

A quick comment here and nothing against kjm's comments.

How can 'bubbles' ever really work? It seems like they wreck more havoc after they pop than they ever did good while they were building. The only people who can gain from a bubble are a select few who are either in on the ground floor or are politicians and political hacks who need to keep a job just a bit longer. A bubble economy is no way to run an economy. To paraphrase Monty Python because I don't remember the exact text, a lady in a lake handing out swords is no basis for a system of government.

TF
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Re: Krugman, Nobel Laureate, Economics, NyTimes Circa 2002

Unread postby mattduke » Tue 16 Jun 2009, 08:54:05

$this->bbcode_second_pass_quote('TreeFarmer', 'A') quick comment here and nothing against kjm's comments.

How can 'bubbles' ever really work? It seems like they wreck more havoc after they pop than they ever did good while they were building. The only people who can gain from a bubble are a select few who are either in on the ground floor or are politicians and political hacks who need to keep a job just a bit longer. A bubble economy is no way to run an economy. To paraphrase Monty Python because I don't remember the exact text, a lady in a lake handing out swords is no basis for a system of government.

TF

They don't work. A "bubble" is a misallocation, a redirection, of economic resources caused by false price signals as the government-bankers inflate the money supply. It's not a large step "forward", it's a large step in the wrong direction. The new money ripples through the economy, bidding up prices, but without creating any real resources, which are only made available by savings. The US' lacks of savings is why it is getting poorer. Krugman, Nobel Laureate in Economics, doesn't understand economics.

http://www.mises.org/store/Money-Bank-C ... 290C0.aspx
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So Should Bill Snag The Nobel If He Pulls This Off?

Unread postby stonecypher » Mon 13 Jul 2009, 19:05:16

"Microsoft's chairman is among the inventors listed on a new batch of patent applications that propose using large fleets of vessels to suppress hurricanes through various methods of mixing warm water from the surface of the ocean with colder water at greater depths. The idea is to decrease the surface temperature, reducing or eliminating the heat-driven condensation that fuels the giant storms."

http://www.techflash.com/microsoft/One_ ... 85622.html

Ummm, science classes weren't my forte in college, so is this even feasible?
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Re: So Should Bill Snag The Nobel If He Pulls This Off?

Unread postby Plantagenet » Mon 13 Jul 2009, 19:39:43

Sure its feasible.

A lot of data shows that hurricane intensity is proportional to the temperature of the water below the hurricane. Cool the ocean surface and the hurricane intensity should theoretically descrease.

Thats why "Katrina" grew in stength and got so intense just before it hit New Orleans....the Gulf was really warm that year.

In fact, Bill Gates could cool the entire planet if he pumps enough cold water out of the deep ocean.
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Re: So Should Bill Snag The Nobel If He Pulls This Off?

Unread postby dorlomin » Mon 13 Jul 2009, 19:52:25

So instead of a hurricane transferring oceanic heat from the tropics to the mid lattitudes, this would transfer heat from the ocean surface to the deeper ocean. And what will be the consaquencies in terms of rainfall in reducing the heat of the GOM how would this impacts on the amount of moisture that it evaporates?

When hurricanes make landfall and lose their windspeed dont they often bring huge amounts of rain to inland areas of the US.....
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Re: So Should Bill Snag The Nobel If He Pulls This Off?

Unread postby Plantagenet » Mon 13 Jul 2009, 20:08:12

$this->bbcode_second_pass_quote('dorlomin', 'S')o instead of a hurricane transferring oceanic heat from the tropics to the mid lattitudes, this would transfer heat from the ocean surface to the deeper ocean. And what will be the consaquencies in terms of rainfall in reducing the heat of the GOM how would this impacts on the amount of moisture that it evaporates?

When hurricanes make landfall and lose their windspeed dont they often bring huge amounts of rain to inland areas of the US.....


You are right----the unintended consequences could be huge.

I suspect these are "vanity" patents for Bill Gates and his wealthy friends that will never be used to modify hurricanes.

The whole idea of the effect of sea surface temps on hurricane intensity is in the public domain.....there have been a flurry of papers on the subject for about a decade in SCIENCE, etc.
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Re: So Should Bill Snag The Nobel If He Pulls This Off?

Unread postby gt1370a » Mon 13 Jul 2009, 20:09:40

$this->bbcode_second_pass_quote('Plantagenet', 'I')n fact, Bill Gates could cool the entire planet if he pumps enough cold water out of the deep ocean.


Yeah, if he can suspend the laws of thermodynamics, I'd say he should get the nobel.
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Re: So Should Bill Snag The Nobel If He Pulls This Off?

Unread postby Tyler_JC » Mon 13 Jul 2009, 20:32:45

Plant's right. This is likely nothing more than a publicity stunt.

Why doesn't he spend is billions trying to seed the ocean with iron dust to grow algae and pull CO2 out of the air?

Or maybe buy a billion dollars worth of television advertisements to affect peoples' behavior?

Those would be better uses of the money, IMHO.
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Re: So Should Bill Snag The Nobel If He Pulls This Off?

Unread postby jasonraymondson » Mon 13 Jul 2009, 21:09:45

If you are going to waste money bill, give it to me.
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Re: So Should Bill Snag The Nobel If He Pulls This Off?

Unread postby Ferretlover » Mon 13 Jul 2009, 22:09:59

$this->bbcode_second_pass_quote('dorlomin', 'W')hen hurricanes make landfall and lose their windspeed dont they often bring huge amounts of rain to inland areas of the US.....

That's a good point. What other benefits do we experience due to a hurricane?
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Re: So Should Bill Snag The Nobel If He Pulls This Off?

Unread postby Novus » Mon 13 Jul 2009, 23:18:28

$this->bbcode_second_pass_quote('Ferretlover', '')$this->bbcode_second_pass_quote('dorlomin', 'W')hen hurricanes make landfall and lose their windspeed dont they often bring huge amounts of rain to inland areas of the US.....

That's a good point. What other benefits do we experience due to a hurricane?


Hurricanes pump heat out of the ocean into the coldness of space. Without hurricanes the oceans would be even warmer leading to melting of the ice caps and sea level rise.
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