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Wed, 15/03/2023 - 18:00
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March 15th, 2023next

March 15th, 2023: I have exciting news:

Created
Wed, 15/03/2023 - 17:04
Exasperated, I once said to a friend: “You can’t behave like you’re right all the time!”. She looked confused. “How else am I supposed to act?” she said. Strange attractors It’s unlikely that I’m correct on everything: even more unlikely when I’m in a minority. I don’t like music, much. But so many other people […]
Created
Wed, 15/03/2023 - 16:37

The lockdowns and the stimulus required to keep the economy alive helped drive inflation. Then the Fed jacked up interest rates. And all hell broke loose. On Friday March 10th, 2023, Silicon Valley Bank (SVB) died of Covid. Alright, it’s a little more complicated than that, but Covid lockdowns followed by massive government stimulus were a critical – and massively under-acknowledged – factor in propelling the bank’s demise. At the heart of the crisis is the gigantic pile of low-interest […]

The post How Covid lockdowns primed the current financial crisis appeared first on The Grayzone.

Created
Wed, 15/03/2023 - 15:00

Bruce Caldwell has spent the last several decades investigating the nuances of the life and legacy of this great mind. In this episode he shares some of the key insights he has learned along the way, what is often misunderstood, and what Hayek can still teach us as we confront today's social challenges.

Created
Wed, 15/03/2023 - 12:00
The Albanese Government’s complicity in joining with Britain and the United States in a tripartite build of a nuclear submarine for Australia under the AUKUS arrangements represents the worst international decision by an Australian Labor government since the former Labor leader, Billy Hughes, sought to introduce conscription to augment Australian forces in World War One. Continue reading »
Created
Wed, 15/03/2023 - 11:00
Boris Epshteyn has risen to the role of top “legal” adviser “He’s a killer”. He also seems to be corrupt. Shocking, I know: Boris Epshteyn has had his phone seized by federal agents investigating former President Donald J. Trump’s efforts to remain in power after his election loss. Lacking any track record as a political strategist, he has made more than $1.1 million in the past two years for providing advice to the campaigns of Republican candidates, many of whom believed he could be a conduit to Mr. Trump. A cryptocurrency fund with which he is involved has drawn scrutiny from federal prosecutors. And he has twice been arrested over personal altercations, leading in one case to an agreement to attend anger management classes and in another to a guilty plea for disorderly conduct. As the former president faces escalating legal peril in the midst of another run for the White House, Mr. Epshteyn, people who deal with him say, mirrors in many ways Mr. Trump’s defining traits: combative, obsessed with loyalty, transactional, entangled in investigations and eager to make money from his position. Mr.
Created
Wed, 15/03/2023 - 10:49
Pathetic lack of vision exposes Labour’s lack of substance The absolute lack of vision, backbone and political imagination of Keir Starmer’s Labour has been exposed yet again, after some details of tomorrow’s budget were leaked to the media. Jeremy Hunt’s budget looks set to be the usual Tory vapour and spin – but still more […]
Created
Wed, 15/03/2023 - 09:30
They’ ve all be blathering “woke” every other work in the past week, but this takes the cake: These guys really love this word, don’t they? Do you think Larry Kudlow has any idea what “woke” is? Apparently, they all believe that this word is magic that explains everything. Just spit it out and everyone gets that whatever perceived problem we have in this world is caused by “wokesters” who aren’t going along with the white supremacy these people are pushing. That includes the military and bankers now. Who’s left?
Created
Wed, 15/03/2023 - 08:37
Let’s get the up-or-down part of this review over with quickly: Escape from Model Land: How Mathematical Models Can Lead Us Astray and What We Can Do About It by Erica Thompson is a poorly written, mostly vacuous rumination on mathematical modeling, and you would do well to ignore it.

Now that that’s done, we can get on with the interesting aspect of this book, its adaptation of trendy radical subjectivism for the world of modeling and empirical analysis....
While I have not read the work that Peter Dorman is criticizing, it appears to me that he ignores a major factor affecting economics, science and human knowledge as a whole. That is the ontological, epistemological, and ethical dimension, as well as work in philosophy (foundations) of science, logic, anthropology, sociology, and psychology.