Category Archives: Political-Economy and Philosophy

Deflating the Inflation Attribution

In its latest minutes, the Fed says it is still concerned about persistently low inflation; but it also says it is “transient.” “Transiently persistent” is an empty interpretation¬† that characterizes the problem, operating with missing attributes considered to be ideologically … Continue reading

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Force and Legitimacy

The US corporate tax rate needs to come down, proponents say, because of legitimately natural forces. This legitimate force is the object of self-determination, determined by jurisdictional boundaries on a global scale. The operational force derives from pluralistic attributes. A … Continue reading

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Missing Values

President Trump delivered a tax-reform speech today describing how labor value and tax rates are globally competitive. Since the US has the highest corporate tax rate in the world, he contends, we are not competitive, and this causes sub-optimal employment. … Continue reading

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False Constructions

Any artist can tell you that the elements forming the work of art can be deliberately constructed to suggest the interpretation of it (which I refer to as addjective reality). Antecedents of objective reality can be constructed to appear out … Continue reading

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False Simulations

If you want to trade equities without any risk, for example, you can do a simulation, but you will not actually make any money. To actualize the fully assumed risk, you have to actually buy and sell the real thing. … Continue reading

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three wishes

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Reforming the Risk Identity

Identifying the risk, financiers look at what pulls it. Again, we have to consider what the natural identity is. Newton considered gravity as a measurable but unknown causal force (an effective cause) that pulls objects to the earth. Then Einstein … Continue reading

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