Lars P. Syll

.[embedded content] In den 1980er Jahren hatte die deutsche Rocklegende Udo Lindenberg eine große Anhängerschaft hinter dem Eisernen Vorhang. Besuche zeigten ihm, dass die Menschen in Ostdeutschland im Grunde genommen genauso waren wie im Westen. Er begann Erich Honecker zu bitten, ihm zu erlauben, durch das Land zu touren. Im Sonderzug nach Pankow stellt sich Udo vor, in der DDR zu spielen. Ihm wurde tatsächlich erlaubt, am 25. Oktober 1983 im Palast der Republik in...

The psychopathy of Ayn Rand Now, I don’t care to discuss the alleged complaints American Indians have against this country. I believe, with good reason, the most unsympathetic Hollywood portrayal of Indians and what they did to the white man. They had no right to a country merely because they were born here and then acted like savages. The white man did not conquer this country … Since the Indians did not have the concept of property or property...

Gambler’s ruin — a Markov process analysis (student stuff) .[embedded content] Below you will find a little Python script yours truly made to simulate a betting scenario as a Markov process and visualise how the total amount of money changes over time. This model highlights that, due to a higher probability of losing, the total money will generally trend downwards over a large number of bets. import numpy as np # Define the transition matrix B B =...

What is a good model? Whereas increasing the difference between a model and its target system may have the advantage that the model becomes easier to study, studying a model is ultimately aimed at learning something about the target system. Therefore, additional approximations come with the cost of making the correspondence between model and target system less straight- forward. Ultimately, this makes the interpretation of results on the model in terms of...

Stjärnorna kvittar det lika .[embedded content] Till minnet av Bengt Nilsson. En vän av den sort som Gud inte gjorde någon kopia av — och som glömskan aldrig kommer att rå på.

MMT — the key insights As has become abundantly clear during the last couple of years, it is obvious that most mainstream economists seem to think that Modern Monetary Theory is something new that some wild heterodox economic cranks have come up with. That is actually very telling about the total lack of knowledge of their own discipline’s history these modern mainstream guys like Summers, Rogoff and Krugman have. New? Cranks? Reading one of the founders of...

The day we will never forget Les sanglots longsDes violonsDe l’automneBlessent mon coeurD’une langueurMonotone. [embedded content]

The greatest of them all [embedded content]

The Beta distribution (student stuff) .[embedded content] Added: And here’s a little Python code yours truly has put together so you can play around and plot Beta distributions: import numpy as np import matplotlib.pyplot as plt from scipy.stats import beta # Given data total_flips = 100 observed_heads = 60 observed_tails = 40 # Adjusted to match 100 flips # Calculating the probability of heads and tails prob_heads = observed_heads / total_flips...

In modern times legal currencies are totally based on fiat. Currencies no longer have intrinsic value (such as gold and silver). What gives them value is basically the simple fact that you have to pay your taxes with them. That also enables governments to run a kind of monopoly business where they never can run out of money. A fortiori, spending becomes the prime mover, and taxing and borrowing are degraded to following acts. If we have a depression, the solution, then, is not...