Lars P. Syll

Facebook’s role in Brexit  [embedded content]

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Everything you want to now about MMT [embedded content] One of the positive contributions of MMT, especially from a european point of view, is that it makes it transparently clear why the euro-experiment has been such a monumental disaster. The neoliberal dream of having over-national currencies just doesn’t fit well with reality. When an economy is in a crisis, it must be possible for the state to manage and spend its own money to stabilize the economy....

Warum das deutsche Schulsystem so schlecht ist  [embedded content]

Solow kicking Lucas and Sargent in the pants Professors Lucas and Sargent … have a proposal for constructive research that I find hard to talk about sympathetically. They call it equilibrium business cycle theory, and they say very firmly that it is based on two terribly important postulates — optimizing behavior and perpetual market clearing. When you read closely, they seem to regard the postulate of optimizing behavior as self-evident and the postulate...

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 [embedded content] An absolute classic. My favourite Autobahn music.

Asset price distributions are of great practical significance for portfolio managers. Standard finance theory assumes that asset price changes follow a normal distribution—the well-known bell curve. That this assumption is roughly accurate most of the time allows analysts to use very robust probability statistics. For example, for a sample that follows a normal distribution, you can identify the population average and characterize the likelihood of variance from that average....

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Dann sind wir Helden / Nur diesen Tag [embedded content] Ich glaub’ das zu träumen / die Mauer / Im Rücken war kalt / Die Schüsse reissen die Luft / Doch wir küssen / Als ob nichts geschieht / Und die Scham fiel auf ihre Seite / Oh, wir können sie schlagen / Für alle Zeiten / Dann sind wir Helden / Nur diesen Tag