Yes, I know I owe you folks the details of the YDI, which don't yet exist. Due to my increasing fascination with statistics (my first love, truth be told), and the R stat language, I keep finding interesting bits of R out there.
Today's installment is why the YDI came into my head. (It's linked from an R blog posting, but he's said to use R in his method.) This is just one example, and recent. But it shares the common characteristic of such efforts: it ignores the driver of depression, collapsing demand. The money guys, whether banks or brokers or funds, view the economy through their narrow currency (as opposed to production) peephole. No, not pee hole.
They also ignore what's been the problem since Reagan: concentration. Both of wealth, and corporate control. Adam Smith (the real one) made clear that an economy, if it be successful, has to be such that power is diluted equally among all participants. That wasn't true in 1776 (a common Trivial Pursuit question) either, but the Tea Baggers do love to romanticize.
It's the Distribution, Stupid
Essays on topics economics: monopolists, oligopolists, and oligarchs aren't better decision-makers for the society just because they's rich and they ain't the gummint.
Infinite granularity yields infinite complexity.
Vaccinated ≠ Not Infectious
$536,800,000 MARF™(party like it's 1829)
-- New York Slammers, so far/2024 [GA and The Feds still to come]
Milton was going on about the money supply, so what I said was everything reminds Milton of the money supply. Everything reminds me of sex, but I try to keep it out of my written work.
-- Robert M. Solow, 1924-2023 [Dr. Hemond noted that he made his fortune in the stock market]
-- New York Slammers, so far/2024 [GA and The Feds still to come]
Milton was going on about the money supply, so what I said was everything reminds Milton of the money supply. Everything reminds me of sex, but I try to keep it out of my written work.
-- Robert M. Solow, 1924-2023 [Dr. Hemond noted that he made his fortune in the stock market]
Covid-19 has killed at least
1,123,836 people (as of 20 March 2023, final update)
Buck {Showalter] has always reminded me of something his father once told him:
"The jobs that are easy don't pay very well."
-- Mike Lupica/2023 [and don't qualify them to run anything; sub-GED knuckledraggers take note]
-- Mike Lupica/2023 [and don't qualify them to run anything; sub-GED knuckledraggers take note]
-- Monticello.org [take that, MTG]
-- Marriner Eccles/1951
This week's thought
[The intelligence community] argued that [the restrictive amendment] would cripple the program because they typically use it before there is enough evidence to meet a standard of probable cause for a warrant, like early in investigations when they are trying to learn more about a phone number or an email account found to be in contact with a suspected foreign spy or terrorist. -- Charlie Savage/2024 [IOW, let's catch the thief before the horse is out of the barn - the MARF™(party like it's 1829) traitor's worst nightmare]
About Me
Who I Am
Left wing economist since before it was fashionable
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