Month: November 2009

  • A Convert: Winterspeak and the Public Purpose Of Banking

    Over on Winterspeak, I found another convert. ….a bank should be required to keep all loans it makes on its books until maturity. In under six hundred words he provides a solution to a great deal of the problem. I’ve extended this basic line of reasoning to explain WHY banking should be run this way, WHY the public should and […]

  • Climate Data, Trust In Science, Secular Humanism, Truth, and Economics

    The crisis over climate data has been met with numerous statements about preserving the “sanctity” or trust in the wisdom of science and scientists. As if our scientists were an improvement over their theological predecessors, or their pragmatic and prostituting peers in politics. But that can hardly be true, if one understands the history of science, or the scientific method […]

  • Flashlights, Power Grids, Institutions of Calculation, Pride and Human Frailty

    The difference between the schools of quantitative and behavioral of economics consists largely in which errors they choose to accept in furthering the utility of their craft. Each of these schools masters a set of conceptual levers with which they seek to solve problems. Or more realistically, the people in the school learn levers, and define their schools by the […]

  • Simplicity Is a Relative Measure, Not A Test Of Truth

    A left-leaning blog-squatter on Economist’s View repeatedly makes requests for simplistic reasoning, thereby making his level of understanding, that by which all rhetoric should be judged: a measure which is obviously arbitrary. All expressions are increasingly abstract evolutions of directly experiential concepts, and perceived simplicity in communication is a function of the commonality of experiences shared by the participants. (Hence […]

  • From The Private Sector: We Don’t Need Stimulus We Need Credit

    1) From the private sector: We don’t need stimulus we need credit. Banks simply wont lend. While the process of correcting bank balance sheets is underway, that same process must occur in small and medium sized business before any turnaround can occur. In my largest company’s case, our banks have been failing gradually, and we have been cost cutting, not […]

  • Response To Economists View: One Way To Look At The Bush Years

    RE: “One way to look at the Bush years is that job growth was lousy so the Fed (and the government policies) subsidized construction jobs by creating a housing bubble. That jobs program abruptly ended. It is now time for a new jobs program. For the longer run, it is time for a different labor policy that will create many […]

  • Comparing Medical, Technical, Educational, and Political Testing Methodologies

    There was a great deal of research and discourse on technology in medicine when computing systems began to enter the operating room in the 1990s. In particular, in the use of anesthesia. The most commonly discussed example was a difference in turning knobs, in which one machine turned right to increase and another turned left to increase, and in confusion, […]

  • A Response To Krugman’s Petty Poke At Prestidigitators

    Paul Krugman wrote today, poking fun at prestidigitators in the financial sector. As the most public advocate of forcible redistribution, I thought it was appropriate to poke back. The understanding that we obtain from reading the predictions of the financial sector, is limited to what these people are thinking, and how they will act because of it. The understanding that […]

  • Credit Funded Jobs Programs

    Another response from “A Shaky Start” on Economists View RE: “One way to look at the Bush years is that job growth was lousy so the Fed (and the government policies) subsidized construction jobs by creating a housing bubble. That jobs program abruptly ended. It is now time for a new jobs program. For the longer run, it is time […]

  • A Speech On The State And Violence

    I’m going to say something. It will only take a moment. And my time is at least as valuable if not more so than the state’s, the court’s, or that of the officers’. You see, I understand something very important. I understand that the state’s only power is violence. That power comes from its claim to a geographic monopoly on […]

  • A Note On Argument – A Substitution For Violence

    Paine, We have free speech, logic and rhetoric so that we may make arguments, not a polysyllabic variant of ten year old girls trading insults. I realize that you may resort to these tactics because you are incapable of seeking a truth via argument. I also realize that you post sufficiently in this forum with a small number of other […]