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Category Archives: science
Jacobin both good and bad
I guess that I should really get a subscription, given how often I read JacobinMag nowadays. This morning, for instance, I read a piece where they point towards the role of the Netherlands as vanguard of everything that’s wrong in … Continue reading
Of the idiocy of turning algorithms into law
Lambert is writing at Naked Capitalism about Algorithmic Regulation, “Code is Law,” and the Case of Ferguson. It’s a good deconstruction and should definitely be read but I had my facepalm-moment at the start of the piece when he quotes … Continue reading
Taxing consumers reduces growth – still!
So, the Japanese prime minister Abe proposed a bastard-Keynesian program for getting Japan out of its stagflation, nick-named Abenomics. But because he still effectively thinks neo-liberally, the program included a consumption tax increase to “balance the budget” (while at the … Continue reading
Posted in austerity, belief systems, economic policy, macroeconomics, MMT, neo-liberalism
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The vegan myth of a B12 Eden
I am currently in the process of transitioning to a vegan life style. My reasons are ethical and environmental and those reasons have firmed themselves due to the advocacy of my wife. Nutrition-wise there’s almost no problem with being vegan: … Continue reading
Lots of salt need to be added to scientific results
As Ars Technica reports: Someone in a lab that studies pain perception noted that “Our laboratory personnel have reported anecdotally that pain behavior appears to be blunted while experimenters are present.” At some point, they decided to see if this … Continue reading
Posted in science
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“Animal spirits” still rule speculation
VoxEU offers academica macroeconomic analyses that are a bit more nuanced than the bleating in the MSM. But often this nuance is not very impressive. Currently, there’s write-up of a paper online, titled Watch the indices! Derivatives and the Eurozone … Continue reading
Posted in eurocrisis, macroeconomics, MMT, public debt
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The Eurocrisis concisely laid out
Jörg Bibow does a great job under the heading “On the alleged pains of the strong Euro. He discusses the current predicament: ECB president Mario Draghi recently argued that the strengthening of the euro was partly responsible for the bank’s … Continue reading
Posted in austerity, deflation, economic policy, eurocrisis, macroeconomics
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Valls engages in make-belief
So Valls is yet another one who proposes to square the circle: If one ignores for the moment that there is no empirical evidence at all that companies invest more if they pay lower taxes – quite contrary, at current … Continue reading
Posted in belief systems, macroeconomics, neo-liberalism
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Moving stories vs true stories
Watched “Dallas Buyers Club” last night: Jared Leto is very impressive! The story itself, however: when one looks at the facts, this is a story of how FDA procedures worked, getting a drug approved rather quickly that is still used … Continue reading
Posted in health benefits, health care, media, science-based medicine
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Not the robots are coming for your jobs but the capitalists (but what else is new?)
The Economist posted a piece called “The future of jobs: The onrushing wave”, and Naked Capitalism cross-posted a comment from MacroBusiness – uncommented. Which is a shame because coming from The Economist, the original piece is expectedly bullshitty. The main … Continue reading