Then I really was going to skip today, even as–indeed, because–it is the 50th anniversary of 11 September. The original 11 de Septiembre, that is. Once is history, twice is parody. Feuerbach, as with Marx, was an optimist. Chile took only 17 years to get rid of Pinochet, and they did it at the ballot […]
TANSTAAFL. There Ain’t No Such Thing as a Free Lunch. Someone pays, somehow. The standard textbook example is pilots who refill their plane at a gas station that offers them a “free” steak dinner while charging five cents a gallon more than another station at the same airport. The pilot and co-pilot get $50 dinners […]
RIP Betty White. One of her finest moments:
A Thousand Words, Version 3
Click on image to enlarge . . .
Dave Reilly died peacefully in his sleep, of “natural causes,” last Thursday morning. At least, I hope it will still be last Thursday morning by the time I finish this post. Better known in the blogsphere as Lance Mannion, he has been a friend and an inspiration for about fifteen years now. And an intimidation. […]
Nick Rowe was looking for the role of money in the Heuristic Macro Model, which is often used to introduce students to Trade economics. The problem he discovered is that there is only a role for money if there is friction in the model, and therefore a two-household (or household-firm or firm-firm) model makes money […]
In comments to NDD’s post, Terry says: Wisconsin—except for Milwaukee and Madison —basically opened up with no restrictions as a result of the Wisconsin Supreme Court ruling 4 weeks ago and much to the delight of the late night comics people flocked to taverns without regard of masks or social distancing. I certainly expected to […]
Chattahoochee County, Georgia, had a significant increase in cases from a relatively high (ca. 50) base. Fort Benning’s new cases appear to be the source, even as those are not fully reported in the NYT data yet. Scurry County, Texas, is more typical; a 1200% (not a typo) increase—but from a base of two (2). […]