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Energy Conservation – Do Not Involve Me Edition

No one wants to pay more for energy at any time. No one wants the means for greater independence from foreign control, big business, wasteful practices which will involve them. The reality being, it is all about us. The thems of the world. ~~~~~~~~ “As taken from Michigan Radio/NPR; “Auchter’s Art: Not in my backyard,” michiganradio.org, John Auchter. On the way to Thanksgiving festivities last week near Flushing, my wife and I drove past...

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Brothers in arms

.[embedded content] Then the righteous will answer him, ‘Lord, when did we see you hungry and feed you, or thirsty and give you something to drink? When did we see you a stranger and invite you in, or needing clothes and clothe you? When did we see you sick or in prison and go to visit you?’ The King will reply, ‘Truly I tell you, whatever you did for one of the least of these brothers and sisters of mine, you did for me.’

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The real economy is never in equilibrium

from Philip George What are vectors? . . . we defined a vector as a quantity having both magnitude and direction and represented it by an arrow. This makes sense in Euclidean 3-dimensional space. But in higher dimensions the idea of direction is not intuitive and we need a more formal definition that is consistent with the definition in three dimensions. In mathematics, an object is defined as a vector if it is an element in a vector space. This seems a circular...

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Matt Taibbi Publishes Twitter Files | Yanis Varoufakis Destroys Blockchain Guy |Iran Leaks int. Com

In episode 11 of It's a Progressive World, the Spar and Brawl boys discuss: 11:23 Cartoon lesson on the social sciences 14:24 least intimidating robbery 20:35 Sam gets cats 33:21 A text on priests 41:55 Succession turkey comedy sketch 45:26 Major Iran leaks and good news 01:21:27 Sublation media and Leonard Spencer 01:28:25 Former US ambassador talks about extremism... 01:43:13 Yanis Varoufakis Destroys Blockchain Guy 01:56:30 Matt Taibbi and Elon Musk 02:01:35 Cenk and Hasan debate...

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Employing the unemployed of Marienthal: Evaluation of a guaranteed job program — Maximilian Kasy and Lukas Lehner

ABSTRACT We evaluate a guaranteed job program that was piloted, starting in October 2020, in the municipality of Gramatneusiedl in Austria. This program provided individually tailored, voluntary jobs to all long-term unemployed residents. Our evaluation is based on three estimation approaches. The first approach uses pairwise matched randomization of participants into waves for program adoption. The second approach uses a pre-registered synthetic control at the municipality level. The third...

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Bill Mitchell – US labour market is a sort of holding pattern–declining but slowly

Last Friday (December 2, 2022), the US Bureau of Labor Statistics (BLS) released their latest labour market data – Employment Situation Summary – November 2022 – which suggested that the US labour market showed signs of slowing further, with payroll employment growing by just 263,000 net jobs. The labour force measure showed employment and labour force growth turning negative as the participation edged down. The result was that the official unemployment rate remained largely unchanged – with...

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Economists — people biased toward overconfidence

Economists — people biased toward overconfidence Now consider what happened in November 2007. It was just one month before the Great Recession officially began … Economists in the Survey of Professional Forecasters, a quarterly poll put out by the Federal Reserve Bank of Philadelphia, nevertheless foresaw a recession as relatively unlikely. Instead, they expected the economy to grow at a just slightly below average rate of 2.4 percent in 2008 … This...

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Monday Message Board

Another Message Board Post comments on any topic. Civil discussion and no coarse language please. Side discussions and idees fixes to the sandpits, please. I’ve moved my irregular email news from Mailchimp to Substack. You can read it here. You can also follow me on Mastodon here I’m also trying out Substack as a blogging platform. For the moment, I’ll post both at this blog and on Substack. Share this:Like this:Like Loading...

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