[unable to retrieve full-text content]“In the facilities—the artificial ecosystems—that now house much of Earth’s terrestrial vertebrate biomass, constraints on virulence that prevail in natural ecosystems are not merely removed. Virulence is actually favored. In the words of Mark Woolhouse, an epidemiologist at the University of Edinburgh, the viruses are “a response to the selection pressures that exist in a […] The post Poultry farms are America’s...

[unable to retrieve full-text content]– by Steve Roth Originally posted at Wealth Economics “Capital” is polysemous; it has multiple meanings. People, notably including economists (who should know better), constantly muddle those meanings together even within a single sentence, so that nobody including the speakers and writers themselves knows, or can know, what the speaker is saying. It’s a centuries-old dumpster fire — conceptual and...

Podcasts Is the Labour government delivering on its promises? Ayeisha Thomas-Smith is joined by Grace Blakeley and David Edgerton 21 February 2025 Half a year ago, the Labour Party swept into power with a huge parliamentary majority and Kier Starmer celebrated by saying that the country could ​“get its...

[unable to retrieve full-text content]We eat a lot of different products that are packaged in plastic packaging. Plastic content leaches into the water we drink from product packaging and throwaway garbage. Unless you are filtering it out in some fashion such as reverse osmosis or another membrane type of filter, microplastic content can buildup in humans. ~~~~~~~ Scientists observe […] The post Associating Microplastics in Mice and Humans appeared first on Angry Bear.

Because of its treatment of capital. Other answers are possible. This post draws heavily on the work of Pierangelo Garegnani. I start with a (parochial) definition of economics: "Economics is the science which studies human behavior as a relationship between ends and scarce means which have alternative uses." -- Lionel Robbins (1932) The scarce means are the factors of production: land, labor, and capital. Land and labor are in physical terms, in units of acres and person-years,...

[unable to retrieve full-text content]For those who were duped into believing that DOGE is serious about defense budget cuts rather than centralizing control of spending and aligning spending with the political priorities of the Trump/Musk Administration, here’s Secretary of Defense Hesgeth: “Hegseth said beginning immediately, the Pentagon will pull 8% — or roughly $50 billion — from nonlethal programs […] The post There won’t be defense spending cuts...

Quick quiz. Suppose you read a headline in the online version of the Wall Street Journal (or NY Times etc) stating that, from now on, US Treasury bonds would be redeemed in crypto. Would your response be (i) That’s absurd. Either it’s April Fools Day or someone has hacked the website (ii) That’s unlikely. Surely [1] Wall Street will be able to kill this crazy idea (iii) That will be tricky. Which cryptocurrencies will be included and what will be the exchange rates? If your...

[unable to retrieve full-text content]It is very easy to disrupt a complex system and very hard to get it going again. Trump, Musk, and the Muskateers decided to limit overhead on NIH grants to 15% fearing that some of the overhead might get money to DEI deans. They also limited communication of government health agencies with the public. The […] The post Throwing a Wrench in the National Cancer Institute appeared first on Angry Bear.

[unable to retrieve full-text content]Trumps FTC believes the ABA is corrupt. Having been around enough attorneys in my lifetime, they are not corrupt. They are smarter than we are on legalities. Reading the first sentence of Trump’s FTC letter reveals their beliefs: “federal antitrust enforcers and the private antitrust bar have enjoyed a cozy relationship facilitated by the Antitrust […] The post Trump FTC Cuts Ties with American Bar appeared first on Angry Bear.

I don’t short the market anymore.