Hidden cost of reducing spending

Quran burnings in Sweden This week, yet another Quran was burned outside a mosque in Stockholm, Sweden. It was, similar to previous burnings, a highly provocative act and one may of course ask why it received permission? Because freedom of expression carries more weight! Turkey’s Minister of Foreign Affairs quickly took to Twitter to condemn “the despicable act in Sweden,” and a spokesperson for Turkish President Recep Tayyip Erdoğan stated that tolerating...

Why Differential Equations are Dumbing Us Down

This is a pretty good take on what happened at SCOTUS for 303 Creative LLC v. Elenis and Nebraska (which had no standing) v. Biden. Recently and along similar circumstance, the court rejected complainants’ cases due to not having standing. In this instance, the court changes its tune. Ankush explains the reasoning for the court’s decision being flawed better than I do. I resurrected an older post done by an attorney about Roberts which I will...

Real income continues to set records, while real spending and real total sales falter  – by New Deal democrat Real personal spending faltered in May, and real total sales continued to falter in April, as of this morning’s report; while real personal income continued to be aided by the big decline in gas prices that started a year ago. Let me start with the good news. Real personal income less government transfer receipts is one of the...

People ask me what’s your track record? Is it audited? To which I answer are you me? Would do exactly as I do? Every individual has their own temperament and emotional make up. People quit. And timing is not to be all end all. Patience is.

Some people may see this as a moral victory, but in the macroeconomics sense, nobody wins from this. In fact, we all lose. 

Cheapest product of bank

An old puzzle is why do those who build on Leontief's empirical work not make more of Sraffa? And why do those who build on Sraffa's theory not interact more with those building on Leontief? Sraffa implicitly refers to Leontief, von Neumann, and others in the preface to his 1960 book. Those, like Zambelli, that have done empirical work on capital-theoretical 'paradoxes' draw on Leontief matrices constructed from national income and product accounts. So do those who are exploring empirical...

from Lars Syll [Jevons] is a man of some ability, but he seems to me to have a mania for encumbering questions with useless complications, and with a notation implying the existence of greater precision in the data than the questions admit of.  John Stuart Mill Fixation on constructing models — “implying the existence of greater precision in the data than the questions admit of” — showing the certainty of logical entailment — realiter simply collapsing the necessary ontological gap...