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August Open Thread

by Bjinse Mon Jul 30th, 2018 at 08:52:26 PM EST

How did the year already get to August thread


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Where My Views Come From - Unlearning Economics - Medium
Below is a collection of books, academic papers blog posts/newspaper articles which I consider to represent or have shaped my views in an important way. This grew as I assembled it, so now the topics range from economics (which I am well versed in) to sociology and psychology (which I am not so well versed in) to modern history (which I am medium versed in). The idea for this post was partly inspired by similar posts from my neoliberal frenemies; partly to collect my thoughts,;partly to provide a kind-of sequel to my favourite posts of 2016, which a couple of people have asked for (some of them reappear, having stood the test of time on a second reading); and partly to provide some #content as I haven't posted in a short while. I've provided comments of varying length on each source.
by generic on Tue Jul 31st, 2018 at 12:20:32 PM EST
There is no such thing as redistribution - MattBruenig | Politics

The word "redistribution" implies that there is a distribution that is default, and that we redistribute when we modify the distribution away from it. This, of course, is wrong. There is no default distribution. All distributions are the consequence of any number of institutional design choices, none of which are commanded by the fabric of the universe. In the United States, we have constructed and enforce institutions of private property ownership and contract enforcement. Those institutions generate very different end distributions than we would see if they did not exist. But they do not have to exist by logical necessity, nor do they constitute the default form of economic institutions.

by generic on Sat Aug 18th, 2018 at 08:56:22 PM EST
[ Parent ]
There is no such thing as redistribution - MattBruenig | Politics
But the reality is that they think certain things are redistributive because they think they are bad. And that's fine, but let's just be clear about it.
by generic on Sat Aug 18th, 2018 at 09:10:19 PM EST
[ Parent ]
It's bargaining power all the way down -- Crooked Timber

So treating capital as a physical stock fails to capture either the long-run trajectory of capital-output ratios or the variation in wealth ratios across countries and between different periods. All of the developments Piketty describes in his historical material, is driven by the valuation changes that he abstracts away from in his formal analysis.

With a moment's reflection, this should not be surprising. After all, a significant fraction of the wealth stock is land, which is not produced. If land prices did not consistently rise faster than the general price level, then land would have long since declined to a trivial fraction of total wealth. The problem land poses for Piketty's story is emphasized by Matt Rognlie among others, whose critique of the book is in some ways parallel to the argument I'm making here

by generic on Sat Aug 18th, 2018 at 10:09:48 PM EST
[ Parent ]

Meanwhile out on Lawn Guyland: "Neither candidate would go on the record wanting an endorsement from New York Mayor Bill de Blasio."

Diversity is the key to economic and political evolution.
by Cat on Thu Aug 30th, 2018 at 02:43:34 AM EST
[ Parent ]
by generic on Tue Jul 31st, 2018 at 03:57:08 PM EST
by generic on Wed Aug 1st, 2018 at 10:46:04 AM EST
by generic on Fri Aug 3rd, 2018 at 01:31:32 PM EST
FB has a rather "interesting" view on what news it's prepared to carry.

** for societally damaging values of interesting

keep to the Fen Causeway

by Helen (lareinagal at yahoo dot co dot uk) on Fri Aug 3rd, 2018 at 04:20:47 PM EST
[ Parent ]
And of course there is this on Twitter:
by generic on Fri Aug 3rd, 2018 at 07:01:20 PM EST
[ Parent ]
"Shadow banning": Let's call it either censorship or "editorial discretion." The difference in meanings and effects is not trivial.

Diversity is the key to economic and political evolution.
by Cat on Fri Aug 3rd, 2018 at 08:40:54 PM EST
[ Parent ]

And I'm off Twitter for the weekend.

by generic on Fri Aug 3rd, 2018 at 06:04:31 PM EST
Oh, they'll admit it NOW ...

Telegraph - Ambrose Evans-Pritchard - IMF admits disastrous love affair with the euro and apologises for the immolation of Greece


The International Monetary Fund's top staff misled their own board, made a series of calamitous misjudgments in Greece, became euphoric cheerleaders for the euro project, ignored warning signs of impending crisis, and collectively failed to grasp an elemental concept of currency theory.

This is the lacerating verdict of the IMF's top watchdog on the fund's tangled political role in the eurozone debt crisis, the most damaging episode in the history of the Bretton Woods institutions.

It describes a "culture of complacency", prone to "superficial and mechanistic" analysis, and traces a shocking breakdown in the governance of the IMF, leaving it unclear who is ultimately in charge of this extremely powerful organisation.



keep to the Fen Causeway
by Helen (lareinagal at yahoo dot co dot uk) on Mon Aug 6th, 2018 at 06:55:06 PM EST
Bonus brain exploder

The three main bailouts for Greece, Portugal and Ireland were unprecedented in scale and character...
[....]
They had no fall-back plans on how to tackle a systemic crisis in the eurozone - or how to deal with the politics of a multinational currency union - because they had ruled out any possibility that it could happen.

It seems that something can happen 3 times and still be considered impossible. This was a sequence of Black Swans, yet these idiots refused to see the evidence of their own eyes. Truly a delusion bordering on religious

keep to the Fen Causeway

by Helen (lareinagal at yahoo dot co dot uk) on Mon Aug 6th, 2018 at 06:59:37 PM EST
[ Parent ]
Hey, I tweeted that the other day... my most successful tweet ever... and someone just had to point out that it's from 29 July 2016.

No less true for it.

It is rightly acknowledged that people of faith have no monopoly of virtue - Queen Elizabeth II

by eurogreen on Wed Aug 8th, 2018 at 04:12:06 PM EST
[ Parent ]
by generic on Wed Aug 8th, 2018 at 05:18:59 PM EST
Where's the panel that addresses cost-benefit analyses? Or positive and negative externalities?

Diversity is the key to economic and political evolution.
by Cat on Wed Aug 8th, 2018 at 06:10:14 PM EST
[ Parent ]
so true

keep to the Fen Causeway
by Helen (lareinagal at yahoo dot co dot uk) on Wed Aug 8th, 2018 at 08:27:00 PM EST
[ Parent ]
From an Indian restaurant in Scotland

No Mars Bar Pakora.

Also, a sign in Foyles:

by gk (gk (gk quattro due due sette @gmail.com)) on Wed Aug 8th, 2018 at 10:09:15 PM EST
re: photographing contents of books

You may have no idea how many US high school student study groups, truants, and slackers have been saved from certain incarceration because of jurisdiction.

Diversity is the key to economic and political evolution.

by Cat on Wed Aug 8th, 2018 at 10:54:58 PM EST
[ Parent ]
sumbuddy oughta dragnet Instagram for violations of copyright laws, wherever.

o, that would be Team Facebook!

Diversity is the key to economic and political evolution.

by Cat on Wed Aug 8th, 2018 at 10:57:43 PM EST
[ Parent ]
Mmmmm....haggis

keep to the Fen Causeway
by Helen (lareinagal at yahoo dot co dot uk) on Thu Aug 9th, 2018 at 07:23:24 AM EST
[ Parent ]
I had a tandoori kipper last year in Glasgow. It was OK. But haggis pakora... that is synergy.

It is rightly acknowledged that people of faith have no monopoly of virtue - Queen Elizabeth II
by eurogreen on Thu Aug 9th, 2018 at 09:17:53 AM EST
[ Parent ]
Cultural appropriation ZOMG!!!1!!1!
by Bjinse on Thu Aug 9th, 2018 at 11:30:58 AM EST
[ Parent ]
It's in Wikipedia!
Haggis pakora has been described as a "highly improbable Indo-Caledonian alliance making use of the Scots' most potent culinary weapons: sheep pluck (heart, liver and lungs) and deep-fat frying." It has more fondly been called "an inspired example of Indo-Gael fusion." Haggis pakoras are just one of the many haggis fusion foods that have arisen in recent years. Others include haggis samosas, haggis spring rolls, haggis lasagne and haggis quesadillas. Often these use vegetarian haggis rather than the traditional haggis made from a sheep's stomach stuffed with the chopped up lung, heart and liver of the sheep mixed with oatmeal.

The dish appears to have been the creation of the Sikh community, which has retained its identity while embracing many aspects of Scottish culture. Haggis pakoras have become popular appetizers in Indian restaurants in Scotland, where they appeal to the national predilection for deep-fried food. In 2013 it was reported that a Greenock meat products company had launched prepared haggis pakoras. The product had won the Best Innovative Product prize at the BPEX Foodservice Awards 2013. Prepared haggis pakoras are available from supermarkets. The Scottish celebrity chef Tony Singh served haggis pakora at a pop-up restaurant during the 2015 Edinburgh Festival.

by gk (gk (gk quattro due due sette @gmail.com)) on Fri Aug 10th, 2018 at 05:03:03 AM EST
[ Parent ]
Seems like a highly probably alliance to me. I can't imagine Sikh peasants dumping the edible organs unless there's a religious injunction I'm not aware of, and stuffing for pastries is the sort of place they'd turn up.
by Colman (colman at eurotrib.com) on Fri Aug 10th, 2018 at 10:54:01 AM EST
[ Parent ]
Here are the only restrictions on food in Sikhism.
Consumption of drugs and tobacco, and other intoxicants is not allowed for Amritdhari Sikhs. Non-baptised Sikhs should refrain from alcohol as it is still a sin for Sikhs to consume intoxicants. Drugs and tobacco are forbidden for all. Cannabis is generally prohibited, but ritually consumed in edible form by some Sikhs.

Sikhs are strictly prohibited from eating meat killed in a ritualistic manner (such as halal or kosher, known as Kutha meat), or any meat where langar is served. In some small Sikh sects, e.g. Akhand Kirtani Jatha eating any meat is believed to be forbidden, but this is not a universally held belief

So as long as the haggis is not kosher, it should be OK.
by gk (gk (gk quattro due due sette @gmail.com)) on Fri Aug 10th, 2018 at 08:27:26 PM EST
[ Parent ]
Here are the only restrictions on food in Sikhism.
Consumption of drugs and tobacco, and other intoxicants is not allowed for Amritdhari Sikhs. Non-baptised Sikhs should refrain from alcohol as it is still a sin for Sikhs to consume intoxicants. Drugs and tobacco are forbidden for all. Cannabis is generally prohibited, but ritually consumed in edible form by some Sikhs.

Sikhs are strictly prohibited from eating meat killed in a ritualistic manner (such as halal or kosher, known as Kutha meat), or any meat where langar is served. In some small Sikh sects, e.g. Akhand Kirtani Jatha eating any meat is believed to be forbidden, but this is not a universally held belief

So as long as the haggis is not kosher, it should be OK.
by gk (gk (gk quattro due due sette @gmail.com)) on Fri Aug 10th, 2018 at 08:27:31 PM EST
[ Parent ]
Haggis samosa sounds pretty heavenly to me. Samples may be sent to my address for approval

keep to the Fen Causeway
by Helen (lareinagal at yahoo dot co dot uk) on Fri Aug 10th, 2018 at 07:39:15 PM EST
[ Parent ]
by generic on Fri Aug 10th, 2018 at 12:10:54 PM EST
Gaza: Sequence of Events in past 72 hours ...

Global Warming - distance between America and Europe is steadily increasing.
by Oui on Fri Aug 10th, 2018 at 03:12:14 PM EST
[ Parent ]
Naked Capitalism
So according to The Wealth Report, there are more than 170,000 UHNWs in the world and here's the top five list of countries with most rich people [net worth over $30 million]. Number five, China with more than 8,000; UK, Germany, Japan, and on top of course United States with more than 40,000 rich people.

But of course, we're not interested in the absolute numbers here. We are interested in rich people per capita per million inhabitants. And if we leave out the pure tax havens, like Cyprus and Switzerland, Hong Kong, Singapore, Monaco, who have an artificially huge share of rich people, it turns out that we have on number five Denmark with 179 rich people per million inhabitants; Canada, New Zealand, Sweden, and on top Norway.

by gk (gk (gk quattro due due sette @gmail.com)) on Tue Aug 14th, 2018 at 09:16:47 AM EST
Spot the odd one out. Four of the five are rich countries.

In contrast to the title of the story "Where in the World Is It Easiest to Get Rich?" I suspect that a large proportion of the wealth of New Zealand's obscenely rich is exogenous.

It is rightly acknowledged that people of faith have no monopoly of virtue - Queen Elizabeth II

by eurogreen on Tue Aug 14th, 2018 at 02:40:02 PM EST
[ Parent ]
by generic on Wed Aug 15th, 2018 at 04:27:26 PM EST
Burns night
CHAPATIS and naan breads might not be traditional Burns Night fare, but this year they are replacing neeps and tatties as the ideal accompaniment to a new healthy haggis dish.
By using an exotic blend of fresh tomatoes, green chilli and garam masala, the women of an Edinburgh community group believe their dish will appeal to Scots looking for a healthy alternative this Burns Night.

Punjabi Haggis is the brainchild of two members of Sikh Sanjog, a community organisation working with the Sikh population in Edinburgh.

They hit upon the idea of curried haggis while trying to come up with ways of making the traditionally high-fat Sikh diet healthier.

And their recipe has impressed bosses at an Edinburgh hotel so much that they have decided to put it on their restaurant menu to tempt diners in the run-up to Burns Night.

Will they have to change any of the poem?
Fair fa' your honest, sonsie face,
Great chieftain o the puddin'-race!
Aboon them a' ye tak your place,
Painch, tripe, or thairm:
Weel are ye worthy o' a grace
As lang's my arm.

The groaning trencher there ye fill,
Your hurdies like a distant hill,
Your pin wad help to mend a mill
In time o need,
While thro your pores the dews distil
Like amber bead.

His knife see rustic Labour dight,
An cut you up wi ready slight,
Trenching your gushing entrails bright,
Like onie ditch;
And then, O what a glorious sight,
Warm-reekin, rich!

Then, horn for horn, they stretch an strive:
Deil tak the hindmost, on they drive,
Till a' their weel-swall'd kytes belyve
Are bent like drums;
The auld Guidman, maist like to rive,
'Bethankit' hums.

Is there that owre his French ragout,
Or olio that wad staw a sow,
Or fricassee wad mak her spew
Wi perfect scunner,
Looks down wi sneering, scornfu view
On sic a dinner?

Poor devil! see him owre his trash,
As feckless as a wither'd rash,
His spindle shank a guid whip-lash,
His nieve a nit;
Thro bloody flood or field to dash,
O how unfit!

But mark the Rustic, haggis-fed,
The trembling earth resounds his tread,
Clap in his walie nieve a blade,
He'll make it whissle;
An legs an arms, an heads will sned,
Like taps o thrissle.

Ye Pow'rs, wha mak mankind your care,
And dish them out their bill o fare,
Auld Scotland wants nae skinking ware
That jaups in luggies:
But, if ye wish her gratefu prayer,
Gie her a Haggis

Related: An article on how to preserve haggis stocks in the wild.
by gk (gk (gk quattro due due sette @gmail.com)) on Wed Aug 15th, 2018 at 07:24:33 PM EST
I have a video, made by my daughter, of the pome being read to a vegan feminist haggis this last Burns day...

It is rightly acknowledged that people of faith have no monopoly of virtue - Queen Elizabeth II
by eurogreen on Thu Aug 16th, 2018 at 10:02:15 AM EST
[ Parent ]

by generic on Thu Aug 16th, 2018 at 10:40:50 AM EST
🙂

Global Warming - distance between America and Europe is steadily increasing.
by Oui on Thu Aug 16th, 2018 at 12:55:24 PM EST
[ Parent ]
on cultural appropriation

Diversity is the key to economic and political evolution.
by Cat on Fri Aug 17th, 2018 at 04:15:00 PM EST
Rachel Dolezal would be better

keep to the Fen Causeway
by Helen (lareinagal at yahoo dot co dot uk) on Sun Aug 19th, 2018 at 04:57:41 PM EST
[ Parent ]
I dunno. The team did nominate a lot of better candidates for least likely to succeed in the role.

Diversity is the key to economic and political evolution.
by Cat on Mon Aug 20th, 2018 at 06:57:09 PM EST
[ Parent ]
This is what happens when credulous imbeciles are allowed to make important decisions.

I trust the Anti-Vaxers are thrilled.

Measles cases hit record high in Europe

The MMR vaccine can prevent infection but discredited research 20 years ago that erroneously linked MMR to autism has stopped some people from trusting the vaccine.



She believed in nothing; only her skepticism kept her from being an atheist. -- Jean-Paul Sartre
by ATinNM on Mon Aug 20th, 2018 at 03:19:28 PM EST
I dunno. I'm not likely to forget the Petty Landlord who insisted that "illegals" had besmirched eradication of the disease in California.

This EU episode has a ways to go to take the lead in the blame game.

Diversity is the key to economic and political evolution.

by Cat on Mon Aug 20th, 2018 at 07:07:43 PM EST
[ Parent ]
Please don't mix up the previous measles outbreaks in the Netherlands related mainly to the idiot Christian zealots who somehow haven't gone extinct while they refute vaccinations on religious motivations with the droves of hipster anti-vaxx idiots (with Amsterdam as hypocenter and a 50-km radius around it).

There's a difference. Although I don't see one in their mutual idiocy.

/back to holiday

by Bjinse on Tue Aug 21st, 2018 at 10:13:40 PM EST
[ Parent ]
The best way to get epidemics is to explicitly exclude "illegals" from access to public health. This is increasingly fashionable.

It is rightly acknowledged that people of faith have no monopoly of virtue - Queen Elizabeth II
by eurogreen on Wed Aug 22nd, 2018 at 09:00:01 AM EST
[ Parent ]
Maybe somebody could get the M5S to campaign for immunizing "illegals" in the hope this will give them autism?
by gk (gk (gk quattro due due sette @gmail.com)) on Wed Aug 22nd, 2018 at 04:05:02 PM EST
[ Parent ]
Reagan's Cheshire Snarl - By John Dolan - The eXiled
By that time, Reagan 2.0 had been in power for some time, relying on a lesson learned the hard way during his governorship: use the hate to get in power, but if you want to stay there, you need that Colgate smile they coached you on in Hollywood. This was the smiling Reagan that amnesiac America chooses to recall, the nice grandpa nobody ever had.

But that's not the Reagan who vivisected my home state. It was his snarl they loved in those days. And even after he learned to smile, the snarl was there, a Cheshire snarl that stayed when the smile faded. Reagan was by that time defined more by a wink than a smile. The wink said to his vast, vile constituency that the smile was simply the best face to wear while the malign enterprise proceeded apace. Like Limbaugh's little jokes about himself as "a harmless puffball," Reagan's smile was meant to be seen through. It was useful for the undecided suckers, because it distinguished him from the other Phalangist contenders, who could not, no matter how long they were coached, stop looking like they were smiling over some hideous memory.

by generic on Wed Aug 22nd, 2018 at 07:40:21 AM EST
by generic on Thu Aug 23rd, 2018 at 10:47:35 AM EST

by generic on Fri Aug 24th, 2018 at 07:22:33 AM EST
I'll send that one to my sister. I have probably mentioned this before : she is New Zealand's go-to person when the media want an articulate wowser. What the studies all show is that there is no threshold : a carcinogen, be it plutonium, tar or alcohol, stays carcinogenic, whatever the dose. The rest is statistics.

Having said that, guess what we do whenever we see each other?

It is rightly acknowledged that people of faith have no monopoly of virtue - Queen Elizabeth II

by eurogreen on Fri Aug 24th, 2018 at 10:27:05 AM EST
[ Parent ]
by generic on Fri Aug 24th, 2018 at 11:36:02 AM EST
can't see any red ones

keep to the Fen Causeway
by Helen (lareinagal at yahoo dot co dot uk) on Mon Aug 27th, 2018 at 07:48:49 PM EST
[ Parent ]
Maybe the island east of Guinea?
by generic on Tue Aug 28th, 2018 at 10:25:19 AM EST
[ Parent ]
New Guinea I mean. The Solomon islands?
by generic on Tue Aug 28th, 2018 at 10:31:54 AM EST
[ Parent ]
Good solid Commonwealth country.
Don't need no stinkin' diplomatic immunity.

It is rightly acknowledged that people of faith have no monopoly of virtue - Queen Elizabeth II
by eurogreen on Wed Aug 29th, 2018 at 02:29:02 PM EST
[ Parent ]
French environment minister quits live on radio with anti-Macron broadside
Nicolas Hulot says he is leaving government because president is not doing enough to meet environmental goals

Emmanuel Macron's climate commitment to "make this planet great again" has come under attack after his environment minister dramatically quit, saying the French president was not doing enough to meet environmental goals.

Nicolas Hulot, a celebrity environmentalist and former TV presenter, announced on a radio breakfast show that he was leaving the government over "an accumulation of disappointments" with its measures to tackle climate change, defend biodiversity and address other environmental threats.

Hulot's departure is a major blow to Macron and calls into question the president's credibility on the environment.

by Bernard on Tue Aug 28th, 2018 at 08:05:57 PM EST
Michael Hudson's new book will finally be released in November.
by gk (gk (gk quattro due due sette @gmail.com)) on Wed Aug 29th, 2018 at 05:02:23 PM EST
Pew Study Classifies Americans Using Spiritual Traits

archived
religious dysphoria in the USA

Diversity is the key to economic and political evolution.

by Cat on Thu Aug 30th, 2018 at 02:35:49 AM EST
Plenty in an age of scarcity | Richard Seymour on Patreon
So at first it seems as if the idea is to increase your freedom. Not just from the nosy state, from job centre functionaries. But also, to an extent, from employers. You may still need to work, but your dependence is relaxed a little. The disciplinary whip of the market is not so ferocious. You have options. In a country where most of us are in debt, you might be able to save.

But if you think about it, the whole point of the welfare state in the first instance is that it's supposed to be a citizenship right, and it's supposed to give you a security against the 'rigours of the market'. That, of course, is not how it currently works. The reforms to welfare, justified by an attempt to undermine the supposed cultural sources of poverty, have been slowly turning it into a disciplinary mechanism. But it doesn't absolutely have to be that way. That just happens to be one way of solving unemployment from a supply-side perspective. And while the fungibility of cash gives you a certain range of choices, freedom is not reducible to choice. To an extent, freedom paradoxically involves being freed from those choices that are not intrinsically meaningful.

by generic on Fri Aug 31st, 2018 at 11:23:07 AM EST
The Wit and Wisdom of Trygve Haavelmo - J. W. Mason
What do we take from this? How, according to Haavelmo, should empirical economics be?

First, the goal of empirical work is to explain concrete phenomena -- what happened, or will happen, in some particular case.

Second, the content of a theory is inseparable from the procedures for measuring the variables in it.

Third, empirical work requires restrictions on the logically possible space of parameters, some of which have to be imposed a priori.

Finally, prediction (the goal) means making unconditional claims about the joint distribution of one or more variables. "Everything else equal" means "I don't know."

by generic on Fri Aug 31st, 2018 at 12:29:18 PM EST
Is there currently any way to look at old open threads or news salons without using Google? Show more does nothing and I think they don't appear on the diary list?
by generic on Sat Sep 1st, 2018 at 09:33:41 AM EST
Browsing is almost impossible since open thread and newsroom are not indexed. You need tech in combo with human-int/recall.

Try the Scoop engine to limit results by date.
Query from the COMMENTS form (loaded in the header with your login)
parameters (comments, ET Community, all sections)
containing: open thread

Returns results by month, year in ascending order. I know no way to refine the query in the form field containing (limit two entities)

Diversity is the key to economic and political evolution.

by Cat on Sat Sep 1st, 2018 at 01:17:58 PM EST
[ Parent ]
The old Scoop site search:

Newsroom

European Salon

Open Thread

You can see from the search fields how to dig further, eg for the ancient scrolls of the European Breakfast. Deep Gnome stuff.

I used to be afew. I'm still not many.

by john_evans (john(dot)evans(dot)et(at)gmail(dot)com) on Sat Sep 1st, 2018 at 04:23:26 PM EST
[ Parent ]


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