Why Neoclassical Economics Fails

My subscribers were buying the dip on the anticipation of the return of positive fiscal flows.  what were you doing? Selling? 

From June 23 2002 John Quiggin What I’m reading: The Consolation of Philosophy, by Boethius. This work, written when the author (a 5th century Roman noble in the service of the Gothic king Theoderic) was imprisoned and awaiting execution, is the inspiration for the recent popular book by Alain de Botton. Is philosophy really a consolation in times of suffering? I don’t know, but I also don’t know of anything better. View original postShare this:Like this:Like Loading...

Initial claims: yellow caution flag turns more orange  – by New Deal democrat Initial claims, which were one of the most positive indicators of all last year, have turned darker in the last several months, and are edging closer to triggering their recession warning levels. Claims were unchanged at a revised 264,000 last week, the highest level in over 18 months. The more important 4 week average rose 8,500 to 255,750. Continuing claims, with...

How do you think about capitalism

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The same insidious lie about leaving debt to our kids and grandkids. This Hass to stop. 

from Lars Syll Fitting a model that has a parameter called ‘probability’ to data does not mean that the estimated value of that parameter estimates the probability of anything in the real world. Just as the map is not the territory, the model is not the phenomenon, and calling something ‘probability’ does not make it a probability, any more than drawing a mountain on a map creates a real mountain … In summary, the word ‘probability’ is often used with little thought about why, if at all,...

This commentary is along the lines of what I have been taught when I was consulting with Ingersoll Engineers in Rockford and which is now extinct. My background includes manufacturing planning at all levels domestically and internationally for US and foreign companies. Labor’s wages are a small part of the Cost of Manufacturing, etc. Spencer England and I went round and round on this topic. Manufacturing, Inventory and Throughput planning was my...

Much like Kip Sullivan in Minnesota/PNHP who Angry Bear has featured, Kay Tillow of Kentucky is a Single Payer activist. You will find Kip saying similar things about Medicare Advantage, etc. And we are all a little bit different attempting to reach the same goals . . . preventing the privatization of Medicare and achieving Single Payer. Kay’s article appeared on Common Dreams. I have added some things to her article and emphasized some points I...