Mike Norman Economics

Some philosophy of statistics. Short read. Not wonkish.Statistical Modeling, Causal Inference, and Social ScienceThe fallacy of the excluded middle — statistical philosophy editionAndrew Gelman | Professor of Statistics and Political Science and Director of the Applied Statistics Center, Columbia University

MR Online Imperialism in the 21st Century — Global Value Chains and International Labour Arbitrage Dev Nathan Originally published: Economic & Political Weekly (Vol. 53, Issue No. 32, August 11, 2018)

Social media wars hotting up.. Zero HedgeTop Iran General 'Ready for Jihad'; Posts White House Explosion Pic On Instagram Tyler Durden See also What Twitter views as abusive, Caitlin sees as telling truth to power. Caitlin Johnstone — Rogue JournalistTwitter Has Shut Down My Account For “Abusing” John McCainCaitlin Johnstone

Yes, I know its August and all that, but this is too good to pass up. Scott Adams has been on this for a long while. Donald Trump could not ask for better adversaries from the point of view of persuasion. He doesn't even need to write the script. They are doing it for him. All he need do is tweet it.Moon of AlabamaJohn Brennan Is No Match For Trump bSee also We are coming down to the moment when anybody who’s a hero in Washington will be an automatic supervillain in the world. America...

The winner of this will have a big effect on what the markets do.

Beware of blowback. Strategic Culture Foundation America the Punitive Philip Giraldi, former CIA counter-terrorism specialist and military intelligence officer, now Executive Director of the Council for the National Interest and founding member of the Veteran Intelligence Professionals for Sanity

About thirty years ago the British hi-fi press became enthralled by Peter Belt and his mysterious products. Just an elastic band and a cable tie treated by Peter Belt could transform the sound of a hi-fi system, and he could even treat a glass off water to have the same effect.A few months later the was a big hi-fi exhibition at Heathrow Airport and I went along with my girlfriend. We went and listened to the various hi-fi company demonstrations and got bored as hell, but at the end of the...

For your weekend listening.Open CultureAretha’s Franklin’s Pitch-Perfect Performance in The Blues Brothers, the Film That Reinvigorated Her Career (1980) Josh Jones

More than forty years ago, Nobel laureate Friedrich von Hayek published a small book in which he called for the “denationalization of money.” For him, high inflation rates in all countries were proof that states were abusing their monopoly on issuing banknotes, and that only private money in competition could guarantee stable money. Hayek was more concerned with the regulatory principle of competition than with the question of how a competitive monetary system could be concretely shaped....

Oh please don't leave us all this Maine Lobster to eat! Oh no Chinese hacker USD zombies don't leave us all this Maine lobster to eat all by ourselves!!! Nooooo!!!!Some news from Maine: Beijing is making it impossible to import US lobster in China https://t.co/OBBqcfxP9u— Heather Timmons (@HeathaT) August 16, 2018