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Retired aerospace worker makes jet lawnmower
during an engine swap I doctored up my lawnmower to look like a jet powered lawnmower dragster. Neighbors came over to join in the fun with my wife shooting the video while I was standing by with a fire extinguisher
Read More »Debt, deficits, secular stagnation and the which way is up problem in economics
from Dean Baker The economy can have a problem of too much demand, leading to serious inflationary pressures. It can also have a problem of too little demand, leading to slow growth and unemployment. But can it have both at the same time? Apparently, the leading lights in economic policy circles seem to think so. As I noted a few days ago, back in the 1990s and 00s economists were almost universally warning of the bad effects of an aging population. The issue was that we would have too...
Read More »MOFI #shorts The Sisters of Mercy
Mobile Fidelity Silver Label The Sisters of Mercy First and Last and Always
Read More »MOFI #shorts Pearl One-Step
Mobile Fidelity One-Step Janis Joplin Pearl
Read More »MOFI #shorts Notting Hill vibe ?
Mobile Fidelity Bill Withers' Greatest Hits Scene from Notting Hill associated with this song!
Read More »MOFI #shorts Withers’ Greatest Hits
Mobile Fidelity Bill Withers' Greatest Hits
Read More »How not to deal with a debt crisis
In the 1920s and early 30s, John Maynard Keynes was embroiled in a controversy with the ‘austerians’ of his time, who believed that balancing the government budget, even in a time of economic volatility and decline and financial fragility, was necessary to restore ‘investor confidence’ and therefore provide stability. Keynes was horrified by the idea. Zachary Carter’s brilliant biography notes that Keynes felt a package of government spending cuts and tax increases would be ‘both futile...
Read More »MOFI #shorts #crosby R.I.P.
Another sad day in classic music Mobile Fidelity Ultra-Disc One-Step 45 RPM
Read More »Econometric testing
from Lars Syll Debating econometrics and its shortcomings yours truly often gets the response from econometricians that “ok, maybe econometrics isn’t perfect, but you have to admit that it is a great technique for empirical testing of economic hypotheses.” But is econometrics — really — such a great testing instrument? Econometrics is supposed to be able to test economic theories. But to serve as a testing device you have to make many assumptions, many of which themselves cannot be tested...
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