Daniel Lakeland / is on Nostr

Applied Mathematician, Julia programmer, father of two amazing boys, official coonhound mix mutt-walker.

PhD in Civil Engineering. Debian Linux user since ca. 1994.

Bayesian data analysis iconoclast

Last Notes

2024-09-24 23:56:58

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@npub1axm…dsle
Sure, a market for exchange means a way to sell things to people. Bazaars, Ebay, Amazon marketplace, or the flea market at your local city college are all examples. And a unit of accounting means something that acts as currency and represents an anonymous debt. Currency, checking accounts, some kind of electronic transfer system etc.
@npub19gp…ejgy

2024-09-23 20:04:05

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@npub19gp…ejgy
I'm gonna make a much much less drastic claim. And that is, in a democratic society, a market for exchange with a medium of accounting will appear.
That's it. That's not capitalism. It took me nearly 50 years to understand and distinguish between the two because of all the propaganda. Capitalism isn't "selling things" it isn't "markets" it's "a political system in which the government is willing to exert violence to protect ownership claims to the receipt of rents"

2024-09-08 16:20:04

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@npub17nv…96rn
You're right, that's some quality bass. Is that a fretless? he does some slides that sound like it.

2024-07-25 20:51:54

Fake data simulation to the rescue!
I couldn't get optimization to work when working with the model for German migration, so I finally decided to generate a full dataset using the model itself. Then try to recover the parameters I used. Still had problems... which is a bad sign, but led to debugging some simple code bugs... and now it fits like crazy!
#statistics #socialscience #data #datascience #julialang #turinglang

2024-06-21 21:01:14

Lol, I was just permanently banned from Reddit r/AskEconomics for saying that everything works out fine if you assume The Fed's purpose is to make sure bankers and the wealthy stay rich.
Fediverse is where it's at.

2024-06-17 23:21:07

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@npub1p80…vay3
Is this COVID or something else, like Flu?

2024-06-17 23:21:07

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@npub1p80…vay3
Is this COVID or something else, like Flu?

2024-06-16 21:50:24

"The American Economy is doing so well!!!"
Alternatively "the US economy is a shitshow and has been for... (checks graph) 50 years."
https://mastodon.sdf.org/system/media_attachments/files/112/628/487/985/479/354/original/ed03ffc8d7334001.png

2024-06-04 02:24:24

"Nowhere is this [innovation by petit bourgeoisie] more evident than in the modern software industry, where virtually all the novel ideas have been created by individuals or small partnerships"
"The competitive advantage of large firms lies largely in their capitalization, marketing muscle, lobbying power, and vertical integration, not in their original ideas and innovation."
James Scott "Two cheers for Anarchism" (pg 96)
#economics #anarchy #technology #software

2024-05-29 05:57:02

#economics @npub1jzy…4gjw
US large bank credit card debt per capita / CPI
We are at an all time high in credit card debt. This is fine?
https://mastodon.sdf.org/system/media_attachments/files/112/522/836/219/371/813/original/de4845926cb6a43d.png

2024-05-24 00:11:10

So, every other subthread is someone talking #capitalism this and #socialism that with very poor commonality of definitions. So here's one to try on for size:
Capitalism: a system of economics in which the state determines through threat of violence a special group of people who have exclusive say in how capital goods are used.
That covers for example both the USA, and USSR pretty well. any other capitalist countries we'd like to discuss?

2024-05-22 23:15:01

I give you civilian labor force with a disability (16yo or older)
https://fred.stlouisfed.org/series/LNU01074597
https://mastodon.sdf.org/system/media_attachments/files/112/487/274/631/964/922/original/1a88df73b7d613ff.png

2024-05-18 17:06:13

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@npub18ue…x887
Ding ding ding... Winner!
The Fed is doing stuff for appearances sake to maintain power.

2024-05-18 16:30:21

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Then in theory, they lend less. Of course when they recently raised rates and SVB went bankrupt they also said they would buy bonds from banks at par value. They basically are flailing around with no idea what to do just trying shit if you ask me.

2024-05-18 16:30:20

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Indefinitely because it needs to remain legally solvent. So if it experiences a bunch of outbound payments it may need to borrow reserves or sell assets. If it has some borrowers go bankrupt then it may need to cover things from its investment assets, etc. The Fed basically determines the market price of Bonds held by the bank and hence whether the bank is more or less solvent. If it raises interest rates bonds held by the banks go down in value