[unable to retrieve full-text content]“One point about the Musk firing spree that was barely getting any attention at first is now starting to break through into mainstream media accounts: veterans are hugely overrepresented among federal civil servants, and even more so among probationary employees. They’re getting hit hard by these erratic and needless firings.” So vets are DEI hires? […] The post DOGE hates vets appeared first on Angry Bear.

Figure 1: Extra Profits at Gamma Prices for the Third Double-Fluke Switch Point This post is a continuation of this series of posts. The next double-fluke case to be considered arises for parameters on intersection of the upper and lower boundaries of regions 3 and 5. Figure 1 illustrates this case, while Figure 2 depicts local perturbations of this double-fluke case. Perturbations that lead to either of the switch points at the extremes of the rate of profits no longer being at a feasible...

from Dean Baker CEOs and other top management in the U.S. are far more highly paid than their counterparts in Europe and Asia. NYT columnist Jeff Sommer had an entertaining piece on how many of the business leaders who eagerly embraced DEI a few years back are now being very quick to abandon it. This is not terribly surprising to those of us who never took the commitment to DEI very seriously, but there is an important aspect to his discussion that he leaves out. Sommer spends much of the...

[unable to retrieve full-text content]For those of you who may wonder? I am not pirating a Krugman article. I pay for a subscription as well as others which I feature from time to time at Angry Bear. Economist Paul is popular. I like his reads on particular issues, and I know others do also. Angry Bear does have some […] The post Making Manufacturing Great Again appeared first on Angry Bear.

[unable to retrieve full-text content]“Donald Trump plans a $200 million anti-immigrant ad campaign in the US and overseas. . . .Apparently we can’t afford to fully fund medical research at CDC or NIH these days, but we can find a few dollars under the sofa cushions to thank President Trump for closing the border.” We can’t afford Medicaid for […] The post Annals of “government efficiency” appeared first on Angry Bear.

[unable to retrieve full-text content]Regarding my commentary on the need for ideology, maybe this will help clarify my position. Ideological Purge: DOGE’s Federal Layoffs Especially Target Agencies Perceived as Liberal Two responses to my discussion questioned what are the policies positions. There were specific issues of concern presented. I was not addressing specific policy at all. That these questions […] The post Democratic Policy Without Ideology is just Random Activity...

This primer outlines why the Zero Interest Rate Policy (ZIRP) is the most effective and equitable approach for the UK economy. It explains why interest rates should be permanently set to zero, how banking reform can create a more stable and fair financial system, and why clear, enforceable, and accountable loan regulation is essential for long-term prosperity.New WaylandZero Interest Rate Policy (ZIRP) PrimerNeilW

Lol, Trump and Elon are going to check to make sure it’s still there. 

“…whenever I am studying European data I think how stupid the European Monetary Union (EMU) is from a modern monetary theory (MMT) perspective.“ MMT Economist Bill MitchellMMT101.ORG - Learn Modern Monetary Theory (MMT)The Introduction of the Euro – A Catalyst for Eurozone Economic Decline?The Effects of the Euro: An Analysis from a Modern Monetary Theory (MMT) Perspective.Jim Byrne - MMT101.ORG

Solving a simple DP problem (student stuff) .[embedded content] In case you want to solve the problem yourself, here’s a Python script yours truly made (assuming the utility function is of the natural log kind and with some explicit numerical parameterization): import numpy as np import matplotlib.pyplot as plt # Parameters beta = 0.9 # Discount factor r = 0.1 # Depreciation rate T = 3 # Time horizon k0 = 4.0 # Initial capital # Production function:...