probably best if the fines are big too.

can’t finance anybody’s primary from a prison cell.

[new draft post] A few simple points https://drafts.interfluidity.com/2025/02/22/a-few-simple-points/index.html

i thought as much! ~ from a slippery-fingered friend

you'd expect up if inflation gets bad. but if they really held short term rates low, if "no matter what" was treated as ironclad, than maybe not? maybe a decade-ish would be too long for any commitment to be taken seriously?

me too!

if Trump bullies the Fed into cutting and offering forward guidance with high commitment to keep rates low no matter what, do long-term rates go down or up?

running the government on the management principles that built the 737 MAX.

divest.

Next e-mail from the Office of Personnel Management… SUBJECT: What R U Wearing?

deadbeat.

🙁

power and wisdom don't correlate among individuals. if anything the connection is inverse. wisdom is always hard, but to be consistent it has to be institutional. we need to build powerful institutions in a world made of politically equal humans.

we could rename Mars “Elba”.

holding prices constant and only letting income vary, i think homothetic works.

thanks. yes. i saw that too, but it didn’t seem so clear. i’d like an explanation from the author.

you may need to, um, secure the southern border.

I didn't notice this the first time through. There's discussion in the comments, but no adequate explanation yet, so I've taken my post down for now. Reproduced here for posterity / potential revival. cc @loganb.bsky.social

it's a protection racket, offering inadequate protection.