i’m thinking of opening up an adulting rink.

you know, wages are just lower in less developed countries. mas.to/@meganL/1137...

good piece by @pkrugman.bsky.social. i'd add that our bombed out competitors enjoyed a parallel boom, which seems inconsistent with the thesis he's disputing.

a social media site should amplify negative content during Democratic administrations but deboost it in favor of positive, beautiful, or informative content during Republican administrations.

A good post by Noah Smith on the hazards of formulaic means of describing or comparing the size and strength of economies. www.noahpinion.blog/p/how-do-we-...

gack! i'm still not accustomed to the decouplability of thumbnails and text on BlueSky. since i'd just posted a Prof Musgrave piece and wanted to do a new one, i think i started from the old one and edited. that brought in the old thumbnail, which i failed to eliminate.

i guess you could say he's arguing that Ramaswamy was insufficiently concerned abt the danger of alliances of conveniences with inimical forces! yet, without that alliance, he wldn't be in any position of influence at all. that's better than the guillotine! but i'd say the outcome is not yet clear.

"a government that wastes least governs suboptimally… fear of waste shuts down useful experiments… if you learn from mistakes, you have to make mistakes to learn… you need…a surplus… time and resources to train, improve, and innovate." ~Paul Musgrave musgrave.substack.com/p/government...

"The thing about joining a revolution is…eventually the eddies of radicalism and reaction get mixed up. You…think that you’re leading a counter-revolution against radicalism, only to be surprised when your allies…sharpen the guillotine for you." ~Paul Musgrave musgrave.substack.com/p/unleashing...

"anything that isn't rigged in their favor feels like it's broken to them!" @anildash.com www.anildash.com/2025/01/04/D...

#relatable

because under our electoral system and the party system it has yielded, you’ll have no choice but to either vote against your interests and values or waste a vote?

fentanyl prime. ht @hilzoy.bsky.social @rincewind.run

30 years ago maybe. if we did this now, i’d have little confidence they’d be universally taught / read as cautionary tales rather than they have their flaws but let’s look past them for the insights.

your most cancellable take.

remember when we had a massive crisis and responded with aggressive income supports for the working and middle class? what if the crisis was a financial market collapse?

people who deny the sentience of LLMs come back as ChatGPT.

“McKinsey points out…roughly two-thirds of the total return for buyout deals entered in 2010 or later + exited in 2021 or before can be attributed to broader moves in market valuation multiples + leverage, rather than improved operating efficiency.” www.ft.com/content/b75b... ht @smtuffy.bsky.social

dark matter used to be what kept the US NIIP moderate despite large, growing current account deficits. but now it has turned to dark dark matter, making NIIP even worse than all our accumulated CA deficits. and the secret gravity is all repricings of assets. that's what CA flows don't capture.

(There was that flurry of stories about big tech firms contracting to build their own nuclear power plants, or extend the life of three-mile island.)