Tag Archives: Uncategorized

from Lars Syll It is well known that even experienced scientists routinely misinterpret p-values in all sorts of ways, including confusion of statistical and practical significance, treating non-rejection as acceptance of the null hypothesis, and interpreting the p-value as some sort of replication probability or as the posterior probability that the null hypothesis is true … It is shocking that these errors seem so hard-wired into statisticians’ thinking, and this suggests that our...

With the death of Queen Elizabeth, the issue of an Australian republic has naturally arisen. The immediately following question is whether we should support a ‘minimal’ republic, as similar as possible to our current system, or replace the Governor-General with an elected President. The starting point for both monarchists and supporters of a minimal republic. is the claim that ‘the existing system has worked well’. This is incorrect in two crucial respects First, the current...

 by New Deal democrat Weekly Indicators for September 5 – 9 at Seeking Alpha My Weekly Indicators post is up at Seeking Alpha. While interest rates continue to rise, gas prices have continued to fall, giving consumers a second wind. As usual, clicking over and reading will bring you up to the virtual moment, and reward me a little bit for my efforts. Tags:...

from Dean Baker The standard line in policy circles about the soaring inequality of the last four decades is that it is just an unfortunate outcome of technological change. As a result of technological developments, education is much more highly valued and physical labor has much less value. The drop in relative income for workers without college degrees is unfortunate and provides grounds for lots of hand wringing and bloviating in elite media outlets, but hey, what can you do?...

No sign of recession, and lots of indications the rate hikes that are adding to deficit spending as supporting the economy and prices, and not depressing them, and more rate hikes will only do more of same. And it doesn’t end until the Fed understands it has had it all backwards: This is about 85% of the economy. No recession yet. More and more the data is telling me debt/gdp is plenty high for rate hikes to be supportive of total spending in the economy: Housing has been...

I’ve been on holidays on the Sunshine Coast this week with my wife Nancy. I’d normally be racing in the SC 70.3 Ironman, but breaking my wrist a month ago put paid to any training (I’m recovering well, but slowly). We still had the accommodation booked, so we’re enjoying a relaxing time by the sea. Before we took off, I submitted a bunch of articles that have now come out. I already posted my piece on the Ethereum merge so, rather than bombard you with emails, I thought I would wrap...

from Peter Radford What isn’t said is often more telling than what is.  The silence denotes either a disrespect for thorough analysis or an ignorance of issues beyond the ken of the speaker.  Then, of course, a third option arises: that those issues are an embarrassment to the point being made and are thus best left unmentioned. For some reason stock buybacks appear to fall into such a zone of silence.  There is some controversy currently about the topic because of the recent proposal to...

WEA CommentariesVolume 12, Issue 2 download the whole issue Can university education in economics contribute to strengthened democracy and peace? Peter Söderbaum The Irish anomaly. Rethinking the concept and operationalization of ‘Gross Fixed Capital Formation’ Merijn Knibbe Benefits of fathers caring for children remain underestimatedin several European contexts Mitja Stefancic The WEA Textbook Commentaries Project What’s Capitalism got to do with it? David F Ruccio Please click...