Chris Garlock (aka http://progressivediscovery.wordpress.com/) added this: http://video.msnbc.msn.com/all-in-/51486230#51709443
Posts Tagged ‘fraud’
While Wronged Homeowners Got $300 Apiece in Foreclosure Settlement, Consultants Who Helped Protect Banks Got $2 Billion (Matt Taibbi)
Posted: 2013/04/30 by Punkonomics (@dearbalak) in UncategorizedTags: banks, financial, foreclosure, fraud, grift, grifters, homeowners, propaganda, swindle
0
Inside the offbeat economics department that debunked Reinhart-Rogoff
Posted: 2013/04/24 by Punkonomics (@dearbalak) in UncategorizedTags: austerity, fraud, Reinhart-Rogoff, Rollins College, UMASS-Amherst
Inside the offbeat economics department that debunked Reinhart-Rogoff
We have 3(!) UMASS-Amherst PhDs working at the department of economics at Rollins College–just hired the 3rd one last month w00t!
Share this:
The Colbert Report: Austerity’s Spreadsheet Error
Posted: 2013/04/24 by Punkonomics (@dearbalak) in UncategorizedTags: austerity, Colbert, fraud, Thomas Herndon
The Colbert Report: Austerity’s Spreadsheet Error
Stephen Colbert goes to town on the Ivy League economists getting busted by UMASS-Amherst grad student Thomas Herndon for sloppy work that was used to justify economic austerity in many countries including the US
The interview with Thomas Herendon
Share this:
Nassim Taleb exposing economists’ scientific fraud hidden behind mathematics
Posted: 2013/04/23 by Punkonomics (@dearbalak) in UncategorizedTags: fraud, Karl Whelan, mathematics, methodology, Nassim Taleb, scientific
Nassim Taleb exposing economists’ scientific fraud hidden behind mathematics
Nassim Nicholas Taleb posted this on FB:
We Can Start Exposing Economists:
I just finished a very rough draft of *Fat Tails & (Anti)Fragility* (~100 pages).
https://docs.google.com/file/d/0B_31K_MP92hURjZxTkxUTFZnMVk/edit?pli=1
PART I provides a mathematical toolkit to detect anything that is bullshit in economic modeling (particularly macroeconomics), figure out which papers are flawed from a scientific standpoint, etc. When I mean flawed, it is on the basis that the math used impresses nonmathematicians but does not support the stated policy conclusions.
So I start by putting one Karl Whelan “scientific” work under severe mathematical scrutiny. I select him to start as he worked with central banks, the perfect profile of the person supported by the taxpayer against the taxpayer’s own interests. I also had a disgraceful encounter with him and his macro peers on twitter.
Mr Whelan’s papers can be found here: http://ideas.repec.org/e/pwh23.html
We can progressively expose mathematized social science that way, as I am refining the text, adding words and examples.
Share this:
Making a Killing: The Untold Story of Psychotropic Drugging
Posted: 2013/04/22 by Punkonomics (@dearbalak) in UncategorizedTags: children, control, fraud, greed, happy pills, insanity, Orwellian, perscription drugs, psychiatry, psychology, psychotropic drugs, Soma
I’m a professional economist and have for many years found many parallels between psychology and economics in how unscientific we are and, much worse, what tools we are in serving the powers that be. I think this documentary neglects the role of our economic system in promoting both the unethical (in that it is predatory on others) pursuit of profit & power, as well as undermining societies so that individuals are ground down to the point of insanity.
Punkonomics (@DearBalak) 