Tuesday, January 17, 2017

The Last Man on the Moon.


[A]

Capt. Eugene Andrew "Gene" Cernan, veteran of the Gemini and Apollo programs, died today in Houston.

In December 1972, as commander of Apollo 17, he was the last man to return to the lunar module.

[B]

Ever since, generations of spacemen/women from other countries have joined the American and Soviet/Russian pioneers, without touching, however, other alien worlds. In our times of mediocrity, men like Capt. Cernan remind us that our species once did boldly go where no man had gone before.

It remains to be seen whether we can repeat that.

RIP.

Image Credits:
[A] "Eugene Cernan, December 1971". Source: Wikimedia. File in the public domain.
[B] Capt. Cernan in December 1972. Author: Dr. Harrison Schmitt (Apollo 17 crew member). Source: Wikimedia. File in the public domain.

Saturday, January 14, 2017

Bits and Pieces (x)


So, what's with the emerging Right?

A self-flattering explanation popular among the sanctimonious and disingenuous liberals, like Paul Krugman, is:
"I don't think any kind of economic analysis can explain this. It has to be about culture and, as always, race."
How can one argue with such politically correct brilliance? It's all Cletus the Slack-Jawed Yokel's fault.

Monday, January 9, 2017

On Markup: Is the Price Right?


In Fred Lee's "Post Keynesian Theory of Prices" the concept of markup is the common denominator to the conceptual mishmash post Keynesians call their "theory of prices".

Being such a crucial notion readers could naturally ask what, exactly, is "markup"? And one should expect and indeed demand a clear answer to such a fundamental question. Clear definitions, after all, are of the essence, right?