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Tag Archives: Uncategorized

Lessons from Polanyi

from Jorge Buzaglo “Under the gold standard the leaders of the financial market are entrusted, in the nature of things, with the safeguarding of stable exchanges and sound internal credit on which government finance largely depends. The banking organization is thus in the position to obstruct any domestic move in the economic sphere which it happens to dislike, whether its reasons are good or bad. In terms of politics, on currency and credit, governments must take the advice of the...

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Let’s Make a Deal

This may be what Mueller is saying to Manafort, but I include those names just to try to trick google and get clicks. I want to write about the very well known Monte Hall paradox. For the kids, there was this show “Let’s Make a Deal” featuring contestants and host Monte Hall who acted like a sleazy salesman trying to trick them. One constestant was the winner who got the final prize. They chose one of three doors. There as a big prize behind one of the...

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Self Plagiarism Dissertation on Essay Writing Service

A website to own argumentative essays Us scientific studies dissertation guidelines give to own groundwork accomplished get better at thesis what exactly is it a website to choose argumentative essays. A Website To Acquire Argumentative Essays A web site to choose argumentative essays. To see you the fact. Custom-made making essays; Acquire school essays onlin; [...]

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NEGative on NEG

I’ve just joined 22 other Australian energy researchers in calling for the release of the modelling used to justify the Abbott-Turnbull government’s National Energy Guarantee. Until this is out in the open, state and federal Labor should have nothing to do with the NEG. I am confident that, once the modelling is released, it will quickly be shown to be so weak as to provide no support for this camel of a policy, designed to placate both the Abbott denialists and the business lobby who...

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The state of ‘New Keynesian’ economics

from Lars Syll The standard NK [New Keynesian] model, like most of its predecessors in the RBC literature, represents an economy inhabited by an infinitely-lived representative household. That assumption, while obviously unrealistic, may be justified by the belief that, like so many other aspects of reality, the finiteness of life and the observed heterogeneity of individuals along many dimensions … can be safely ignored for the purposes of explaining aggregate fluctuations and their...

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A bit more of the iceberg

Just a day after this post on wrongdoing in the pursuit of the government’s anti-union agenda comes the news that the AFP is liaising with the Commonwealth Director of Public Prosecutions about whether charges should be laid over leaks from Federal Jobs Minister Michaelia Cash’s office about raids on the Australian Workers Union. It remains to be seen whether charges will be laid – if so, it will be a breach of the normal protocol under which unionists are charged in the most trivial...

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Bitcoin and Yap stone money, once again.

In October 2015 I wrote a post in which I compared Bitcoin with Yap island stone money. Farfetched? No. Today, Sciencenews published an article by Bruce Bower. He states that archeologists nowadays argue the same thing. An excerpt: Archaeologist Scott Fitzpatrick and finance professor Stephen McKeon, both of the University of Oregon in Eugene, see parallels between the public, decentralized way in which rai limestone money on the island of Yap was valued and distributed and the modern-day...

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