Re: Social Security

2005-01-16 Thread Erik Reuter
* maru dubshinki ([EMAIL PROTECTED]) wrote: > Hmm... Reasonable yes. But, isn't that assuming that the survivorship > bias continues to favor the US? For a 75 year, or infinite horizon > projection, the chances that it won't can't be neglected. Your argument is that since the US could cease to e

Re: A little sprinkling of pixie fear dust

2005-01-16 Thread Alberto Monteiro
> "It was as if > everyone had been sprinkled with idiot dust!" Maybe it was: generations where natural selection has worked to select "foot"-"ball" players and cheerleaders as alpha reproducers can't go unpunished :-P Alberto Monteiro ___ http://www.

Re: Social Security

2005-01-16 Thread Erik Reuter
* Dan Minette ([EMAIL PROTECTED]) wrote: > But, wouldn't that just be a slope changedFIT/DE = .15 to dFIT/DE > = .25? If so, then as long as I'm using the right marginal rate, then > I'm calculating the Federal Income Tax (FIT) contribution to T and dT > correctly. Sure, I was pointing out t

Re: Social Security

2005-01-16 Thread Erik Reuter
* Dan Minette ([EMAIL PROTECTED]) wrote: > > As I go through it, whenever I see something relevant to our discussion, > > I will post it, in case you are working on it also. > > I probably will be, and I'll do the same. Here is another paper of theirs that I am reading. It gives a lot of details

Re: Kotlikoff's PSS plan

2005-01-16 Thread Erik Reuter
Here's a recent article by Kotlikoff on his plan to replace SS. http://econ.bu.edu/kotlikoff/Globe%20Op%20Ed%2011-21-04.pdf The end of Social Security? Don't reform it, replace it By Laurence J. Kotlikoff | November 21, 2004 After a long campaign season of spin, smear, and slogan, we're finally

Re: attn: wtg, MUD to Holocene Chat

2005-01-16 Thread Alberto Monteiro
Trent Shipley invited: > > If you are interested please, reply to Brin-L. (Effectively this is a > blank-check form of RSVP.) > I can see one problem: the regular chatters are Mac or Linux users, and I imagine that the holochat software is Windoze-based. We may be killing the old chat and _not_ cr

The Economist on Bush's pension and tax reform plans

2005-01-16 Thread Erik Reuter
http://www.economist.com/PrinterFriendly.cfm?Story_ID=3559860 The revolution comes home Jan 13th 2005 | WASHINGTON, DC From The Economist print edition MOST two-term American presidents lose steam in their second four years. If scandal doesn't get them (Watergate, Iran-contra, Monica Lewinsky),

Re: Social Security

2005-01-16 Thread maru dubshinki
I was talking about the survivorship bias Erik, which simply says our extrapolations from past performance have a small, but nonetheless real chance, of being in error because of the historically advantageous position of our country means that it will have higher performance, and the data from

Re: Social Security

2005-01-16 Thread Erik Reuter
* maru dubshinki ([EMAIL PROTECTED]) wrote: > I was talking about the survivorship bias Erik, which simply So you are arguing that we should use a lower productivity growth forecast than 1.77% ? -- Erik Reuter http://www.erikreuter.net/ ___ http://

Re: Kotlikoff's PSS plan

2005-01-16 Thread Nick Arnett
Erik Reuter wrote: ... But Social Security is broke, Pretty hard to continue reading after that sentence. Unless, of course, I hear that all the Social Security checks are bouncing and find out that it's true. Nick ___ http://www.mccmedia.com/mailman/

Re: Social Security

2005-01-16 Thread maru dubshinki
Possibly. Was that bias taken into account? If then, I will shut the heck up about this; if not, I'd suggest that the proper statistical treatment would be to widen the margin of error. I think ~Maru IANAS Erik Reuter wrote: * maru dubshinki ([EMAIL PROTECTED]) wrote: I was talking about the s

Re: Kotlikoff's PSS plan

2005-01-16 Thread Erik Reuter
* Nick Arnett ([EMAIL PROTECTED]) wrote: > Erik Reuter wrote: > > >... But Social Security is broke, > > Pretty hard to continue reading after that sentence. > > Unless, of course, I hear that all the Social Security checks are > bouncing and find out that it's true. If you want a more detailed d

Re: Social Security

2005-01-16 Thread Erik Reuter
* maru dubshinki ([EMAIL PROTECTED]) wrote: > Possibly. Was that bias taken into account? If then, I will shut the > heck up about this; if not, I'd suggest that the proper statistical > treatment would be to widen the margin of error. I think No, if it is a significant effect which lowers the p

Re: Social Security

2005-01-16 Thread Dan Minette
- Original Message - From: "Erik Reuter" <[EMAIL PROTECTED]> To: "Killer Bs Discussion" Sent: Sunday, January 16, 2005 8:03 AM Subject: Re: Social Security > * Dan Minette ([EMAIL PROTECTED]) wrote: > > > But, wouldn't that just be a slope changedFIT/DE = .15 to dFIT/DE > > = .25?

Re: [Fwd: ABC Muddles the Social Security Debate]

2005-01-16 Thread Gary Denton
On Sat, 15 Jan 2005 22:02:57 -0600, Dan Minette <[EMAIL PROTECTED]> wrote: > > - Original Message - > From: "Gary Denton" <[EMAIL PROTECTED]> > In short, Gary, while I agree with you that Erik can be more tactful in > expressing his viewpoint, I also see some things from Erik's point of vi

Re: Social Security

2005-01-16 Thread Erik Reuter
* Dan Minette ([EMAIL PROTECTED]) wrote: > I've given some income limits. It appears that a far better arguement > could be made for lower income examples than the range the authors > were discussing. Which indicates to me that their fundamental point probably stands (that there are very high ma

Re: attn: wtg, MUD to Holocene Chat

2005-01-16 Thread Robert Seeberger
Gary Nunn wrote: >> If you are interested please, reply to Brin-L. (Effectively >> this is a blank-check form of RSVP.) > > > Count me in. > Me too! xponent One Line Response Maru rob ___ http://www.mccmedia.com/mailman/listinfo/brin-l

Re: Social Security

2005-01-16 Thread maru dubshinki
Part of the Survivorship bias (and the reason it is sometimes called an observation selection effect) is that countries that lose out, lose most of their records, or never had their economic records. So you can't really use all relevant data because the data's gone. Example: Try tracking Germa

Re: Social Security

2005-01-16 Thread Robert J. Chassell
As far as I can see Social Security is a distraction for people on this list. According to Republicans, the fund will not go negative for more than 30 years, unless someone changes or violates the Constitution of the United States. (I am not suggesting that no one should look at Social Security

RE: attn: wtg, MUD to Holocene Chat

2005-01-16 Thread Gary Nunn
> I can see one problem: the regular chatters are Mac or Linux > users, and I imagine that the holochat software is > Windoze-based. We may be killing the old chat and _not_ > creating a new one. > Alberto Monteiro Maybe. I must admit that as much as I like chatting with all of you, I get fr

Re: Social Security

2005-01-16 Thread Erik Reuter
* maru dubshinki ([EMAIL PROTECTED]) wrote: > The studies I've read seem to indicate that global growth is > overestimated by about 1% because of this. I don't think that you'd > lower the productivity growth, because it is accurate *assuming* > no freak events occur like WWIII, or a war which to

RE: attn: wtg, MUD to Holocene Chat

2005-01-16 Thread Gary Nunn
Alberto wrote > I can see one problem: the regular chatters are Mac or Linux users, > and I imagine that the holochat software is Windoze-based. We may be > killing the old chat and _not_ creating a new one. I asked... > Will this require client software or it is strictly a web > based i

Re: Social Security

2005-01-16 Thread Erik Reuter
* Robert J. Chassell ([EMAIL PROTECTED]) wrote: > As far as I can see Social Security is a distraction for people on > this list. > > According to Republicans, the fund will not go negative for more than > 30 years, unless someone changes or violates the Constitution of the > United States. (I

Re: Social Security

2005-01-16 Thread maru dubshinki
Erik Reuter wrote: That's absurd. Doubly so. First, global growth is almost certainly NOT overestimated by 1%. The fact that comparing the growth rates of various countries over the last 200 or so years, INCLUDING THOSE DEVASTATED BY WAR, has almost all of the free-market economies coming in at ab

Re: Social Security

2005-01-16 Thread Erik Reuter
* maru dubshinki ([EMAIL PROTECTED]) wrote: > But if you suspect I am some old foe, or new adversary, out to entrap > you or that I intend some other nefarious practising on you, just ask > me. If you were not posting nonsense, I might be willing to converse without knowing your name (out of self

Re: Social Security

2005-01-16 Thread Erik Reuter
* Robert J. Chassell ([EMAIL PROTECTED]) wrote: > To shift to a positive trade balance, so people in the US loan > money abroad instead of borrow it, > > * which industries in the US should increase employment and production? > And by how many and how much? > > * Which should lay people

Brin: HC: (was Re: attn: wtg, MUD to Holocene Chat)

2005-01-16 Thread Trent Shipley
David Brin filters the list so that he only sees subject lines containing "Brin:". To get Dr. Brin uptodate seven regulars have contributed to the thread so far. Steve Sloan, Vilyem/Medievalbk, Gary Nunn, and Robert Seeberger have all expressed interest in participating. They have not specif

Re: Social Security

2005-01-16 Thread Erik Reuter
* Erik Reuter ([EMAIL PROTECTED]) wrote: > If US interest rates rise, then we will no longer have a surplus on > investment income. If the US net foreign debt reaches 50% of GDP at a > real interest rate of 2%, then the trade deficit will have to fall to > 2% of GDP or lower to be sustainable (Set

Special forces 'on the ground' in Iran

2005-01-16 Thread Robert G. Seeberger
http://www.guardian.co.uk/iran/story/0,12858,1392078,00.html American special forces have been on the ground inside Iran scouting for US air strike targets for suspected nuclear weapons sites, according to the renowned US investigative journalist Seymour Hersh. In an article in the latest edition

How Would the Bush Plan Work?

2005-01-16 Thread Robert G. Seeberger
http://www.time.com/time/magazine/article/0,9171,1018065,00.html The Bush Administration has not yet offered details of its plan for Social Security, but it's expected to follow the contours of a proposal spelled out by a 2001 commission on Social Security: a combination of scaled-back guaranteed

Judge: Evolution stickers unconstitutional

2005-01-16 Thread Robert G. Seeberger
http://www.cnn.com/2005/LAW/01/13/evolution.textbooks.ruling/index.htm l A federal judge in Atlanta, Georgia, has ruled that a suburban county school district's textbook stickers referring to evolution as "a theory not a fact" are unconstitutional. In ruling that the stickers violate the constitu

Re: Brin: HC: (was Re: attn: wtg, MUD to Holocene Chat)

2005-01-16 Thread Doug Pensinger
I'd be interested in joining the chat, but I can't do it from work and the soonest I'd be able to join in on Wednesdays is 8 PM PST. I dropped in on one chat recently because I had the day off. Are there others besides Trent that even might be around that late? Doug __

Re: Social Security

2005-01-16 Thread Doug Pensinger
Erik wrote: We need to fix the system NOW by not promising any new benefits beyond what has already been promised . My favored way to do that was elaborated in the PSS system suggested by Kotlikoff that I summarized here earlier (basically, every dollar that anyone has already paid into the SS syst

Re: Social Security

2005-01-16 Thread Doug Pensinger
Julia wrote: I wrote: Erik wrote: I guess I haven't been clear (or perhaps you are confusing my position with Bush's confusing rhetoric). Or maybe I'm somewhat dense when it comes to this stuff. Thanks for clarifying things for me. If you're dense, you're not unduly so. I mean, I doubt that anyo