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- Trump changes tune on the economy: With Obama it’s a bubble, with Trump is a boom. https://t.co/Lq8kFnIu9z https://t.co/3bwDhAmWKs
- 10-year U.S. treasury yields just touched 2.9%. This is a new high for the move. The rise in response to the CPI was delayed by the initial plunge in stock market futures. But now that stocks have recovered most of their losses, bonds are plunging.
- Since Dec. 12, the day before the Fed moved, gold climbed 5.7% to $1,314.36 an ounce, last week touching the highest level in three months and has climbed higher since. http://bit.ly/2CYWj9x
- The restaurant only accommodates eight diners per night. The tab generally runs between $500 and $600 per person. http://bit.ly/2v43CYv
- SEP Commentary "The Investment Game is not so much about holding a good Hand as playing a bad Hand well" published. http://bit.ly/1MY9KUc
- Hope springs eternal. After having initially forecast 2017 Q4 #GDP growth at 4.5%, only to see it come in at just 2.6% (likely to be revised lower next month), the Atlanta Fed's initial read on 2018 Q1 GDP is 4.2%. Let the GDP limbo begin.
- The governor of Puerto Rico is asking for a $5 billion loan. But Puerto Rico already has over $70 billion in debt it can't repay!
- There's growing evidence we’re nearing a debt time bomb explosion. http://bit.ly/2rPtBjh
- The World Gold Council points out that in some ways, gold and cryptos are complementary assets. It highlighted the similarity in their supply dynamics. http://bit.ly/2ncfp1T
- @RonPaul, "It makes no sense to tax money" http://bit.ly/2sHH7Wc
Friday, January 15, 2016
Is anyone currently trying to create a simulation or game which emulates the economy according to this school?
So many games, so many terrible economic tropes. I posted [this article about a new simulation engine which might be capable of much larger real-time simulations with multiple users than ever before.](http://ift.tt/1KhtNZT) I believe there are a few board games which endeavor to support Austrian Econ, but it would be good to have more. Someone mentioned that [even if a simulation succeeded, people would disagree and say the models were wrong](http://ift.tt/1RpZ8kO). I think there is still value in exposing more people to the school... and having fun without having to conform to Sim City, Total War, Paradox, or Civilization's middle-path economics. Everything from simple games to AAA titles could be made much better by fully simulating a society around the player. Whether it be a building (Cities: Skylines) or company-running game (Roller-Coaster Tycoon, Locomotion), having a more real and less-scripted economic environment would be fantastic. Empire-managing and trade-based games would change dramatically, as well. The amount of finagling that other economic schools would require to work in a real-world simulation would be apparent in the creation of a game meant to simulate a thousand years. So, anyone know of any current projects?