"It is easy to confuse what is with what ought to be, especially when what is has worked out in your favor."
- Tyrion Lannister

"Lannister. Baratheon. Stark. Tyrell. They're all just spokes on a wheel. This one's on top, then that's ones on top and on and on it spins, crushing those on the ground. I'm not going to stop the wheel. I'm going to break the wheel."

- Daenerys Targaryen

"The Lord of Light wants his enemies burned. The Drowned God wants them drowned. Why are all the gods such vicious cunts? Where's the God of Tits and Wine?"

- Tyrion Lannister

"The common people pray for rain, healthy children, and a summer that never ends. It is no matter to them if the high lords play their game of thrones, so long as they are left in peace. They never are."

- Jorah Mormont

"These bad people are what I'm good at. Out talking them. Out thinking them."

- Tyrion Lannister

"What happened? I think fundamentals were trumped by mechanics and, to a lesser extent, by demographics."

- Michael Barone

"If you want to know what God thinks of money, just look at the people he gave it to."
- Dorothy Parker

Monday, February 01, 2016

Colony episode 3

Will tells Katie he's playing the long game. Not only they'll get their son back but....

And the teacher saw something big in low-level orbit.

Entertainment Weekly recap.

Big Lewboski

Maud: Tell my about yourself, Jeffrey.

Lebowski: Well, not much to tell. I, um, was one of the authors of the Port Huron statement, the original statement not the compromise second draft. Did you ever hear of the Seattle Seven?

Maud: Hmmm.

Lebowski: That was me. There was six other guys. And then the music business briefly.

Maud: Oh.

Lebowski: Yeah. Roadie for Metallica. Speed of Sound tour. A little of this and little that. My career has slowed down lately.

Maud: What do you do for recreation?

Lebowski: Oh the usual. Bowl. Drive around. The occasional acid flashback.

Saturday, January 30, 2016

Friday, January 15, 2016


Monday, January 11, 2016

Saturday, January 09, 2016

Wray on Minksy

Why Minsky Matters: An Introduction to the Work of a Maverick Economist, by L. Randall Wray by Victoria Bateman

Piketty and Capital in the 21st Century

Capital, Predistribution and Redistribution by Thomas Piketty

DeLong and monetary financing

Future Economists Will Probably Call This Decade the 'Longest Depression' by Brad DeLong
What we need now is 1) debt relief to unwind the overhang and 2) much tighter financial regulation to prevent the growth of new fragilities. And if those prove inconsistent with full recovery, then we need massive government spending on infrastructure and other investments financed by money printing until full employment is reattained.

Friday, December 25, 2015

Sanders on the Fed

To Rein In Wall Street, Fix the Fed by Bernie Sanders
The recent decision by the Fed to raise interest rates is the latest example of the rigged economic system. Big bankers and their supporters in Congress have been telling us for years that runaway inflation is just around the corner. They have been dead wrong each time. Raising interest rates now is a disaster for small business owners who need loans to hire more workers and Americans who need more jobs and higher wages. As a rule, the Fed should not raise interest rates until unemployment is lower than 4 percent. Raising rates must be done only as a last resort — not to fight phantom inflation.