actually it's not funny at all how you feel when you're finding out it's real.

@hussmanjp.bsky.social suggests essentially an excess margins tax. www.hussmanfunds.com/comment/mc26...

it sounds like a hurricane but it’s only the wind.

remember the straits of hormuz?

the costs of child-rearing are straighforwardly measurable and quantifiable. the benefits of child-rearing are wooly and hand-wavy and entirely nonquantifiable. therefore child-rearing is irrational, as a matter of science. your arguments to the contrary are non-falsifiable.

AI is currently on a path toward delivering the most massive improvement in human history, under the Kaldor-Hicks criterion.

“Real welfare economics asks: is this society better, taking account of everyone who lives in it? The Kaldor-Hicks criterion answers a different question: could the winners, if they chose to, arrange things so that no one was worse off?” @braddelong.bsky.social delightfully on Hicks

excellent.

money is the unit of account in which debt and wage contracts get denominated. bankers in london chose and choose to denominate a whole lot of debt contracts in dollars. they continue to find counterparties.

it would have been bad if either the Hatfields or the McCoys had nuclear bombs.

you'd think those advancing this sort of tactic — regardless of the justice or injustice of their cause — would have learned a bit more from the furious backlash to "woke", which IMHO derived mostly from people's sense they might be punished just for speaking their minds.

price level and income are not sufficient statistics for welfare.

heritage is a thing to transcend more than to treasure.

it's probably not supportable, but i like to imagine this is a selection effect, i mean what kind of person still buys books from amazon? // fd: still locked into an audible subscription by a zillion unspent credits

the past two decades have been a slow-motion performance-art piss christ with respect to all the values and institutions i thought that i admired.

"Institutions deserve defense when they are attacked unjustly. But they deserve trust only when they earn it—through transparency, participation, accountability, and reform." @pamilerinsamuel.bsky.social www.liberalcurrents.com/mistrust-is-...

it’s not an email attachment it’s an alternative fax.

I'd prefer Congress forbid partisan gerrymandering regardless of when in the decade it might occur. The norm of ratfucking once a decade was not a good norm.

“It’s not that the wealthy become evil; it’s that their environment stops teaching them the things that nonwealthy people are forced to learn simply by living in a world that pushes back.”

😢