The knives are out, the stones are being thrown, and the edifice of the Chicago School of Economics is crumbling ...
Here's a Socratic dialogue on bond prices that argues how "mainstream" (aka Chicago) economics has forgotten the basic macro lessons of Hicks and Keynes.
(aside: pay attention to the last thing Sokrates says in the dialogue. The implication is that Chicago's position is more religion than logic. As always, the best rhetoric in Socratic dialogues comes from the Great One himself. Let's see what the Chicago sophists have to say for themselves)
Wednesday, June 17, 2009
Monday, June 15, 2009
Top Ten Reasons why The Indian T20 Team Lost ...
10. No Sreesanth to irritate the opposition, who were visibly relieved.
9. Pragyan Ojha wasn't given the right "gyan" on how to bowl to a batsman who can actually play spin
8. Ishant Sharma finally figured out what John "bhooka-naan" was trying to tell him to bowl during the IPL. It showed.
7. "The Prince" and "Little John" had their style cramped by the presence of Fake IPL Player in town. No action is bad for their respective bowling actions.
6. Ravindra Jadeja got carried away by trying to imitate the batting style of his namesake Ajay. He got the "bat slow and frustrate bowlers" part right, but couldn't do the "slog like mad and catch up with the required rate" part.
5. Yousuf Pathan finally figured out what his Fake IPL player nickname meant.
4. Irfan Pathan figured out what his bro's nickname meant, and spent time worrying if it ran in the family.
3. Fidel Edwards managed to watch Shilpa Shetty dancing to "just keep on bouncing baby .." during the IPL. He took it literally
2. Bhajji was pining for Symonds. What's a good tournament without a slap or a reference to an opponents maternal parent?
and the number 1 reason why the Indian T20 team lost .....
1. Dhoni played both T20 WCs like Samson - before and after his haircut.
...
9. Pragyan Ojha wasn't given the right "gyan" on how to bowl to a batsman who can actually play spin
8. Ishant Sharma finally figured out what John "bhooka-naan" was trying to tell him to bowl during the IPL. It showed.
7. "The Prince" and "Little John" had their style cramped by the presence of Fake IPL Player in town. No action is bad for their respective bowling actions.
6. Ravindra Jadeja got carried away by trying to imitate the batting style of his namesake Ajay. He got the "bat slow and frustrate bowlers" part right, but couldn't do the "slog like mad and catch up with the required rate" part.
5. Yousuf Pathan finally figured out what his Fake IPL player nickname meant.
4. Irfan Pathan figured out what his bro's nickname meant, and spent time worrying if it ran in the family.
3. Fidel Edwards managed to watch Shilpa Shetty dancing to "just keep on bouncing baby .." during the IPL. He took it literally
2. Bhajji was pining for Symonds. What's a good tournament without a slap or a reference to an opponents maternal parent?
and the number 1 reason why the Indian T20 team lost .....
1. Dhoni played both T20 WCs like Samson - before and after his haircut.
...
Friday, June 12, 2009
Hello!
GoodeveingsirRelianceThisisXYZspeakingHowCanIHelpYou?
I asked for your Blah STD Pack to be activated, but I can't make STD calls.
Yes sir
So, have you activated the said STD pack?
Yes sir
Then why am I not able to make STD calls?
Let me check sir, one moment ...
[music]
Thank you for staying on line. STD is not activated on your phone, sir.
Wait, didn't you just say you activated it?
No sir, that was the Blah STD pack. You need to give another request to activate STD facility sir.
So perhaps you thought I wanted the STD pack to make local calls?
No sir, it's not like that, let me explain it to you. STD pack and STD facility are different. We can activate the pack even if you don't have STD facility.
Why? Why ever would you need to do that?
It's like that sir, let me explain ...
Don't bother, I don't think I'm quite up to this ...
Sigh.
I asked for your Blah STD Pack to be activated, but I can't make STD calls.
Yes sir
So, have you activated the said STD pack?
Yes sir
Then why am I not able to make STD calls?
Let me check sir, one moment ...
[music]
Thank you for staying on line. STD is not activated on your phone, sir.
Wait, didn't you just say you activated it?
No sir, that was the Blah STD pack. You need to give another request to activate STD facility sir.
So perhaps you thought I wanted the STD pack to make local calls?
No sir, it's not like that, let me explain it to you. STD pack and STD facility are different. We can activate the pack even if you don't have STD facility.
Why? Why ever would you need to do that?
It's like that sir, let me explain ...
Don't bother, I don't think I'm quite up to this ...
Sigh.
Friday, June 05, 2009
Doggedly Denying Global Warming
Remember the story about the man was taken to court because his dog bit his neighbour?
No, but something tells me you're going to remedy that.
His defence was that he didn't own a dog, his dog wasn't violent, and while it may have bitten others, it didn't bite the neighbour in question.
Hmm. You can't accuse him of leaving any angle uncovered.
Indeed. Something reminded me of that recently.
Well?
The so-called "global warming denier" crowd. The proverbial "plain as the nose on your face" doesn't seem to work for them.
That's a bit harsh. What's their argument?
They seem to be too intelligent to be tied down by one argument. Over time, they seem to have argued the following:
Interesting arguments. Must be popular among the dimwitted.
Very. And among libertarians.
Same difference.
Naah, now you're too harsh. But sometimes, I worry.
No, but something tells me you're going to remedy that.
His defence was that he didn't own a dog, his dog wasn't violent, and while it may have bitten others, it didn't bite the neighbour in question.
Hmm. You can't accuse him of leaving any angle uncovered.
Indeed. Something reminded me of that recently.
Well?
The so-called "global warming denier" crowd. The proverbial "plain as the nose on your face" doesn't seem to work for them.
That's a bit harsh. What's their argument?
They seem to be too intelligent to be tied down by one argument. Over time, they seem to have argued the following:
- Global Warming doesn't exist - the Earth isn't warming at all.
- Well, maybe it is, but humans didn't cause it.
- Well, maybe we did, but there's nothing we can do to reverse it.
- Well, maybe there is, but it'd cost too much.
Interesting arguments. Must be popular among the dimwitted.
Very. And among libertarians.
Same difference.
Naah, now you're too harsh. But sometimes, I worry.
Wednesday, June 03, 2009
Change? What's That?
Change? Don't talk to me about change,
The more things 'change', the more they stay the same.
"Viva La Revolucion" has gone out of business,
And the world descends into a downward spiral of idiocy
Give it up,
It don't matter.
But it hurts to see them cheering their own destruction.
Or, is it just funny?
Am I mad, or merely crazy?
Tomorrow is another day.
The Schrodinger equation will find more solutions.
With or without us.
And the poem ends thus:
Datta, dayadhvam, damayata,
Om Shanti Shanti Shanti.
The more things 'change', the more they stay the same.
"Viva La Revolucion" has gone out of business,
And the world descends into a downward spiral of idiocy
Give it up,
It don't matter.
But it hurts to see them cheering their own destruction.
Or, is it just funny?
Am I mad, or merely crazy?
Tomorrow is another day.
The Schrodinger equation will find more solutions.
With or without us.
And the poem ends thus:
Datta, dayadhvam, damayata,
Om Shanti Shanti Shanti.
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