Steve Randy Waldman
@interfluidity.com

“…stop framing our approach to China in terms of why it can’t last, what must go wrong, or when the contradictions will finally catch up with it. The system has worked. It has delivered. Waiting for its collapse is not a strategy; it’s a coping mechanism.” jiwankshetry.substack.com/p/must-read-...

Link Preview: 
[Must Read] Kaiser Kuo: China is here to Lead, not just Stay: The Great Reckoning: What the West Should Learn From China

[Must Read] Kaiser Kuo: China is here to Lead, not just Stay

Link Preview: [Must Read] Kaiser Kuo: China is here to Lead, not just Stay: The Great Reckoning: What the West Should Learn From China
Steve Randy Waldman
@interfluidity.com

it’s all down to the chicken tax. 🐔

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Steve Randy Waldman
@interfluidity.com

“Practically every elite institution selects for people like this now.” @ryanlcooper.com

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Steve Randy Waldman
@interfluidity.com

“Stop asking whether Weiss is good at journalism. She is good at the job she’s actually doing: performing submission to power and recruiting others to the ritual. In today’s media oligopoly, that job pays.”

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Steve Randy Waldman
@interfluidity.com

sometimes defiance of parsimony is an act of charity. i agree it is almost certainly unwarranted charity.

in reply to this
Steve Randy Waldman
@interfluidity.com

“If I die and can look back and think ‘yeah, I more or less enjoyed a lot of that and helped more people than I hurt’ then I’ll consider my life a success no matter the scale or the stage.” @ianwelsh.bsky.social www.ianwelsh.net/what-constit...

What Constitutes A Successful Life? – Ian Welsh

Steve Randy Waldman
@interfluidity.com

(thanks!)

in reply to this
Steve Randy Waldman
@interfluidity.com

“the financial system should be designed to put small firms in an environment where they can build credit histories and demonstrate their ability to handle debt – and where they don’t need to rely on collateral to get started.” @csissoko.bsky.social syntheticassets.wordpress.com/2025/12/22/i...

Link Preview: 
Institutions and growth: how banks used to provide the liquidity that fuels innovation and growth: Diane Coyle celebrates that for the past two years the Nobel prize in economics has been awarded to scholars who emphasize the importance of institutions in economic growth. She observes, however, …

Institutions and growth: how banks used to provide the liquidity that fuels innovation and growth

Link Preview: Institutions and growth: how banks used to provide the liquidity that fuels innovation and growth: Diane Coyle celebrates that for the past two years the Nobel prize in economics has been awarded to scholars who emphasize the importance of institutions in economic growth. She observes, however, …
Steve Randy Waldman
@interfluidity.com

you can never find scissors. not when you need them. never. so you end up buying another pair. until you move. then they all appear, come out of the woodwork, hundreds of them, snapping at you.

Steve Randy Waldman
@interfluidity.com

(most of those are visible in the official stats, if arguably understated. a more current version of the chart below would show a sharp increase in housing since 2018, and that would from most people’s perspective be understated, given how housing quality along social dimensions has stratified.)

in reply to this
Steve Randy Waldman
@interfluidity.com

(in the piece, my goal was to use the measure the more rose-colored side of the debate seems to prefer, and show that the terms on which they are using it — absolute level higher than ever! — is not really informative of whether the economy is good or bad.)

in reply to self
Steve Randy Waldman
@interfluidity.com

(whatever information is in these series — and i agree it’s a lot more problematic than naive “real purchasing power” intuitions suggest — is in the changes, not the levels.)

in reply to self
Steve Randy Waldman
@interfluidity.com

( i did a post on why levels are uninformative here drafts.interfluidity.com/2025/11/12/r... )

Real purchasing power over time is not economic welfare over time

in reply to self
Steve Randy Waldman
@interfluidity.com

what would Andy Rooney say?

Steve Randy Waldman
@interfluidity.com

ha! very well put.

in reply to this
Steve Randy Waldman
@interfluidity.com

shite, shit is only four letters.

in reply to this
Steve Randy Waldman
@interfluidity.com

“There is no point in criticizing something if some law of nature means that it must be so. But there is, despite claims otherwise, no law of nature which says we have to be bastards to each other or to the species we share this world with.” @ianwelsh.bsky.social www.ianwelsh.net/we-dont-have...

Steve Randy Waldman
@interfluidity.com

tbf that seems consistent with a national defense mission.

in reply to this
Steve Randy Waldman
@interfluidity.com

love it when a university i attended 20 years ago writes to let me know they've been hacked and they've leaked my social.

Steve Randy Waldman
@interfluidity.com

from @karlbode.com www.techdirt.com/2025/12/19/t...

Text:

The deal purportedly involves Text: The deal purportedly involves "retraining the content recommendation algorithm on U.S. user data to ensure the content feed is free from outside manipulation," but given you can't trust any of the companies involved, the Trump administration, or what's left of U.S. regulators, that means absolutely nothing. Oracle will be "overseeing data protection," but that means nothing as well given Oracle is run by an authoritarian-enabling billionaire with a long history of his own privacy abuses.
Steve Randy Waldman
@interfluidity.com

careful with that sense of humor of yours!

in reply to this
Steve Randy Waldman
@interfluidity.com

#AlternativeMath

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Steve Randy Waldman
@interfluidity.com

we’ve been gaslighted into believing that gaslighting is a thing.