Debating econometrics and its shortcomings, yours truly often gets the response from econometricians that: “OK, maybe econometrics isn’t perfect, but you have to admit that it is a great technique for the empirical testing of economic hypotheses.” But is econometrics really such a great testing instrument? Econometrics is supposed to be able to test economic theories. But […]
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Near the start of the war I noted that the real issue with petroleum shortages wasn’t gasoline, it was diesel, bunker fuel (ships) and jet fuel. Diesel is, despite what many say, feasible to get off of: even some of the massive machines used for mining are already being switched over, and China is moving […]
We fled war-torn Bosnia when I was three. Twenty-four years on, could I make my home there again?
- by Anja Jerkovic
There are many kinds of useless economics held in high regard within the mainstream economics establishment today. Few — if any — are less deserving than the macroeconomic theory or method — mostly connected with Nobel laureates Finn Kydland, Robert Lucas, Edward Prescott and Thomas Sargent — called calibration. In physics, it may not strain […]
I sin biografi om Habermas skriver Felsch att han under den intervju han gjorde med Habermas bara några få år före hans bortgång blev undervisad om ”det dystra scenariot om Västs successiva nedgång” (2024:186) och att han nu såg allt det som han hade stått för under hela sitt liv gå förlorat. Och Felsch fortsätter: […]
While shutting down free direct filing for everyday taxpayers, the IRS is letting the ultrawealthy hide billions of dollars in foreign accounts.
I’ve spent a lot of time around doctors and nurses and low level bureaucrats. Way too much time. I’ve learned a couple things as a result, however. You get the best care from doctors or service from anyone else when they feel you as a human. The best way to get them to feel you […]
I recently learned the distinction between seeing personality in terms of types vs traits – the latter is liberating
- by Amy Arthur
The IRS already knows what you owe. Why are you drowning in paperwork every April?
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