Post comments on any topic. Civil discussion and no coarse language please. Side discussions and idees fixes to the sandpits, please. I’m now using Substack as a blogging platform, and for my monthly email newsletter. For the moment, I’ll post both at this blog and on Substack. You can also follow me on Mastodon here. Share this:Like this:Like Loading...

This is an interesting occurrence. On its own Minnesota is moving forth with a health care study to be completed by March 2024. The study topic is the implementation of single payer within the state and its impact on administrative costs. This year the state began questioning its present commitment to traditional healthcare’s and its administrative role in healthcare. Kip on numerous occasions has pointed out the costs of administrative costs of...

The real story of banks

Det är inte lätt alltid att vara PK …

Yours truly i MMT intervju Flamman (F): Först och främst, vad är MMT? Lars Pålsson Syll (LPS): I grunden är det en reaktion på sättet som pengar och hur de skapas beskrivs i den traditionella ekonomiska litteraturen. Där beskrivs pengar som något som man sparar genom att  in dem på banken, och som banken i sin tur kan låna ut genom att skapa krediter. Bankernas pengaskapande förutsätter alltså att privata individer sparar. Men den idén är fullständigt fel,...

I broke this report down into two parts, a Part one which is this recital covering natural health outcomes. A Part Two will review a different healthcare perspective or unnatural health outcomes. I broke it into two parts to make it an easier read (duration). I also rewrote parts of this Issue Brief to give it greater clarity. However, it is not a complex read. The charts and graphs enhance its clarity when comparing the US to other countries. The...

Former Students Plan to Ignore Loan Repayments When Pause Ends, Newsweek, Khaleda Rahman  “I will not give them one cent!” 45-year-old teacher Jacque Abron said about resuming her student loan repayments when the COVID-19 pandemic-era pause comes to an end. “The illegal lending scam is over and I’m fighting until we see bankruptcy rights restored.” The mother of three is far from alone in her refusal to return to a life struggling to chip away...

The difference between rate and probability (wonkish) Suppose there is a series of Bernoulli trials, that each trial has the same probability p of success, and that the trials are independent—like the standard model of coin tossing, treating ‘heads’ as ‘success.’ Then the Law of Large Numbers guarantees that the rate of successes converges (in probability) to the probability of success. If a sequence of trials is random and the chance of success is the same...

Rethinking government spending and debt