#supplyside — Public Fediverse posts
Live and recent posts from across the Fediverse tagged #supplyside, aggregated by home.social.
-
#AlboPM has consistently argued and recently publically confirmed that he believes the #HousingCrisis issue is a #SupplySide problem (I.e. cut red-tape and throw enough money at the problem and it be resolved). Well, here is something that shows us not only how wrong our #PM can be, but how stubbornly he holds on to his opinions no matter what (a behaviourly trait that will, I foresee, bring his undoing as leader of the #Labor party):
“…right now, more than 100,000 approved dwellings are sitting unbuilt across New South Wales — not blocked by councils, not caught in red tape, simply not viable in current market conditions. The planning system approved them. The market didn’t build them.
The Reserve Bank’s own empirical modelling, published in 2019, found that a 1 per cent drop in interest rates increases house prices by 30 per cent, while a 1 per cent increase in dwelling stock reduces prices by just 2.5 per cent.
Given that new supply adds barely 1 per cent to existing stock annually, the supply-side arithmetic has never come close to explaining observed price movements. Those are explained by credit conditions, investor demand, migration levels and macroeconomic cycles — the demand-side levers that sit entirely outside the hands of council planners.”
And another nail in the #MarketsKnowBest coffin of #NeoLiberalism
-
#AlboPM has consistently argued and recently publically confirmed that he believes the #HousingCrisis issue is a #SupplySide problem (I.e. cut red-tape and throw enough money at the problem and it be resolved). Well, here is something that shows us not only how wrong our #PM can be, but how stubbornly he holds on to his opinions no matter what (a behaviourly trait that will, I foresee, bring his undoing as leader of the #Labor party):
“…right now, more than 100,000 approved dwellings are sitting unbuilt across New South Wales — not blocked by councils, not caught in red tape, simply not viable in current market conditions. The planning system approved them. The market didn’t build them.
The Reserve Bank’s own empirical modelling, published in 2019, found that a 1 per cent drop in interest rates increases house prices by 30 per cent, while a 1 per cent increase in dwelling stock reduces prices by just 2.5 per cent.
Given that new supply adds barely 1 per cent to existing stock annually, the supply-side arithmetic has never come close to explaining observed price movements. Those are explained by credit conditions, investor demand, migration levels and macroeconomic cycles — the demand-side levers that sit entirely outside the hands of council planners.”
And another nail in the #MarketsKnowBest coffin of #NeoLiberalism
-
#AlboPM has consistently argued and recently publically confirmed that he believes the #HousingCrisis issue is a #SupplySide problem (I.e. cut red-tape and throw enough money at the problem and it be resolved). Well, here is something that shows us not only how wrong our #PM can be, but how stubbornly he holds on to his opinions no matter what (a behaviourly trait that will, I foresee, bring his undoing as leader of the #Labor party):
“…right now, more than 100,000 approved dwellings are sitting unbuilt across New South Wales — not blocked by councils, not caught in red tape, simply not viable in current market conditions. The planning system approved them. The market didn’t build them.
The Reserve Bank’s own empirical modelling, published in 2019, found that a 1 per cent drop in interest rates increases house prices by 30 per cent, while a 1 per cent increase in dwelling stock reduces prices by just 2.5 per cent.
Given that new supply adds barely 1 per cent to existing stock annually, the supply-side arithmetic has never come close to explaining observed price movements. Those are explained by credit conditions, investor demand, migration levels and macroeconomic cycles — the demand-side levers that sit entirely outside the hands of council planners.”
And another nail in the #MarketsKnowBest coffin of #NeoLiberalism
-
#AlboPM has consistently argued and recently publically confirmed that he believes the #HousingCrisis issue is a #SupplySide problem (I.e. cut red-tape and throw enough money at the problem and it be resolved). Well, here is something that shows us not only how wrong our #PM can be, but how stubbornly he holds on to his opinions no matter what (a behaviourly trait that will, I foresee, bring his undoing as leader of the #Labor party):
“…right now, more than 100,000 approved dwellings are sitting unbuilt across New South Wales — not blocked by councils, not caught in red tape, simply not viable in current market conditions. The planning system approved them. The market didn’t build them.
The Reserve Bank’s own empirical modelling, published in 2019, found that a 1 per cent drop in interest rates increases house prices by 30 per cent, while a 1 per cent increase in dwelling stock reduces prices by just 2.5 per cent.
Given that new supply adds barely 1 per cent to existing stock annually, the supply-side arithmetic has never come close to explaining observed price movements. Those are explained by credit conditions, investor demand, migration levels and macroeconomic cycles — the demand-side levers that sit entirely outside the hands of council planners.”
And another nail in the #MarketsKnowBest coffin of #NeoLiberalism
-
"""
IT still hasn't picked up my ticket, better increase the severity. That'll get things moving
"""
--- every Doctor ever, while producing stimulants to fix a supply problem===
"""
I'm not sure what they're expecting me to do here. I'm doing the best I can with the budget you've given me
"""
--- the astrocyte whose neuron team was assigned the ticket, explaining to management that the lack of attention being paid to the ticket was down to resource constraints due to supply side issues===
"""
If it was a dopamine problem, dopamine would be a reliable indicator. Guess what dear?
"""
--- me, starting to think the issue may be a lack of something somewhere upstream. -
"""
IT still hasn't picked up my ticket, better increase the severity. That'll get things moving
"""
--- every Doctor ever, while producing stimulants to fix a supply problem===
"""
I'm not sure what they're expecting me to do here. I'm doing the best I can with the budget you've given me
"""
--- the astrocyte whose neuron team was assigned the ticket, explaining to management that the lack of attention being paid to the ticket was down to resource constraints due to supply side issues===
"""
If it was a dopamine problem, dopamine would be a reliable indicator. Guess what dear?
"""
--- me, starting to think the issue may be a lack of something somewhere upstream. -
I am just waiting for a future trillionaire to propose air or sunshine as subscription services. That is what massive wealth in modern supply-driven economies is based on. Identifying the most basic biological need or function you can get away with monetising !
Housing? Hunger? Thirst? Attention? Dopamine? Healthcare? Education? Transportation?
#subscriptions #SupplySide #econimics #SupplySideEconomics #Ecocide #Maslow
-
The Value of Open Source Software [Harvard]
--
https://www.hbs.edu/ris/Publication%20Files/24-038_51f8444f-502c-4139-8bf2-56eb4b65c58a.pdf <-- link to paper / study [PDF]
--
#opensource #software #publicgood #economics #flexibility #responsiveness #cost #economics #marketshare #COTS #globalpublicgood #assessment #ecomomy #sharing #engagement #OSS #costbenefit ##supplyside #demandside #usercommunity #socialvalue #costs #programming #development #developers
@harvardhci -
The Value of Open Source Software [Harvard]
--
https://www.hbs.edu/ris/Publication%20Files/24-038_51f8444f-502c-4139-8bf2-56eb4b65c58a.pdf <-- link to paper / study [PDF]
--
#opensource #software #publicgood #economics #flexibility #responsiveness #cost #economics #marketshare #COTS #globalpublicgood #assessment #ecomomy #sharing #engagement #OSS #costbenefit ##supplyside #demandside #usercommunity #socialvalue #costs #programming #development #developers
@harvardhci -
The Value of Open Source Software [Harvard]
--
https://www.hbs.edu/ris/Publication%20Files/24-038_51f8444f-502c-4139-8bf2-56eb4b65c58a.pdf <-- link to paper / study [PDF]
--
#opensource #software #publicgood #economics #flexibility #responsiveness #cost #economics #marketshare #COTS #globalpublicgood #assessment #ecomomy #sharing #engagement #OSS #costbenefit ##supplyside #demandside #usercommunity #socialvalue #costs #programming #development #developers
@harvardhci -
The Value of Open Source Software [Harvard]
--
https://www.hbs.edu/ris/Publication%20Files/24-038_51f8444f-502c-4139-8bf2-56eb4b65c58a.pdf <-- link to paper / study [PDF]
--
#opensource #software #publicgood #economics #flexibility #responsiveness #cost #economics #marketshare #COTS #globalpublicgood #assessment #ecomomy #sharing #engagement #OSS #costbenefit ##supplyside #demandside #usercommunity #socialvalue #costs #programming #development #developers
@harvardhci -
The Value of Open Source Software [Harvard]
--
https://www.hbs.edu/ris/Publication%20Files/24-038_51f8444f-502c-4139-8bf2-56eb4b65c58a.pdf <-- link to paper / study [PDF]
--
#opensource #software #publicgood #economics #flexibility #responsiveness #cost #economics #marketshare #COTS #globalpublicgood #assessment #ecomomy #sharing #engagement #OSS #costbenefit ##supplyside #demandside #usercommunity #socialvalue #costs #programming #development #developers
@harvardhci -
"Economists, generally insulated from the dirty realities of turning a buck by tenure and/or wealth, think of demand as a vast natural force to be harnessed, like wind or oil—a conception that fits hand in glove with the equally simplistic “great man” theory, which posits that some people (men) are just born great. Sounds nice, but things look a little less elegant to the salesmen in the trenches."
#FranklinSchneider, 2024
https://slate.com/life/2024/12/work-jobs-sales-telemarketing-america.html
(1/2)
-
Question: How long do wireless earbud batteries last ? What happens after they are not holding their charge any more ?
The answer is LANDFILL. We have adopted planned obsolescence so companies can keep selling things and making money.
#PlannedObsolescence #WirlessEarbuds #Earbuds #IEMs #SupplySide #Grift #EWaste
-
Very interesting wording of the headline here. It is never the supply that is too high, it is always the demand that is low.
This is how deeply ingrained supply-side theory is in our daily discourse and the media.
Don't fall for it. Low demand is ok. You don't need everything they are selling. You don't need much at all.
https://www.theverge.com/2024/4/23/24138487/apple-vision-pro-cut-shipment-forecast-kuo-rumor
#UsersAreFodder #SiValleyGrift #apple #supplyside #macroeconomics #headline #media
-
I just added a response to Bob Colenutt on my notes for a useful statement against neo-liberal extremism in housing theory and policy
michaeledwards.org.uk -
and has never freaking worked... we find ourselves with the worst disparity in history... all due to the shit policies of #SupplySide / #Reaganomics it was always a POS and always will be a POS... ask Brownback... it destroyed his governorship.
-
"After #DeSantis released his #economic plan last wk, #WSJ called it “unstable.” The editorial praised some parts while criticizing less trade w/ China, less immigration & federal action to ease #StudentDebt.
WSJ's editorial page aligns w/ the #Republican Party frm #Reagan til #Trump favoring laissez-faire, small-govt, light regulation, low taxes & govt benefits, high levels trade & immigration." Think #MiltonFriedman
Problem is it doesn't work. #NYT #SupplySide / #Reaganomics suck
-
A new report released this week, “An Economist’s Case for Restrictive #SupplySide Policies,” makes the case for a suite of policies, from ending #FossilFuel subsidies to banning #oil and #gas production from public lands and other areas, and #climate risk disclosure.
#ClimateChange
https://grist.org/economics/the-ipcc-says-we-need-to-phase-down-fossil-fuels-fast-heres-how-the-us-could-do-it/ -
For those who have time for some heavier reading, this is why we say, 'No new coal or gas'.
Link to PDF:
https://eprints.lse.ac.uk/87734/1/Green_Cutting%20with%20both%20arms_2018.pdf#Climate #ClimateEmegency #Economics #RichardDenniss #SupplySide
-
The distinction between supply side and demand side is dangerous propaganda. The idea is that the supply side supplies consumer goods that are demanded by the demand side.
But the supply side demands labor and the demand side supplies it. The supply side demands surplus value and the demand side supplies it. Without labor there's nothing to either supply or demand.
It suits their narrative, though, to pretend that they're giving us stuff that we demand instead of forcing us to supply stuff that they demand.
-
The distinction between supply side and demand side is dangerous propaganda. The idea is that the supply side supplies consumer goods that are demanded by the demand side.
But the supply side demands labor and the demand side supplies it. The supply side demands surplus value and the demand side supplies it. Without labor there's nothing to either supply or demand.
It suits their narrative, though, to pretend that they're giving us stuff that we demand instead of forcing us to supply stuff that they demand.
-
The distinction between supply side and demand side is dangerous propaganda. The idea is that the supply side supplies consumer goods that are demanded by the demand side.
But the supply side demands labor and the demand side supplies it. The supply side demands surplus value and the demand side supplies it. Without labor there's nothing to either supply or demand.
It suits their narrative, though, to pretend that they're giving us stuff that we demand instead of forcing us to supply stuff that they demand.
-
The distinction between supply side and demand side is dangerous propaganda. The idea is that the supply side supplies consumer goods that are demanded by the demand side.
But the supply side demands labor and the demand side supplies it. The supply side demands surplus value and the demand side supplies it. Without labor there's nothing to either supply or demand.
It suits their narrative, though, to pretend that they're giving us stuff that we demand instead of forcing us to supply stuff that they demand.
