“That is, rational choice modeling is just a structured way to make up a guy… it seems reasonable to think of economic rationality as a compression scheme.” @akhilrao.bsky.social akhilrao.org/blog/2025/11...
their happy ending is a multimillion dollar defamation settlement from Google.
if you accused the economic left of cynically latching onto Larry Summers’ Epstein correspondence, i think the response would be, well, fair cop.
Britain is an object lesson in how poorly arranged democracies can succumb to destructive positive feedback. The people who ensure a stagnant economy via Brexit enjoy political dividends blaming immigrants for the consequences of that very stagnation. (US democracy is arranged at least as poorly.)
with the disinflationary effects of an asset price collapse, you’d need stimulus and might be able to do $2K checks without inflation. ht @sharonk.bsky.social
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i think at the time, neither she nor we quite understood the full extent of what insiders were inside of.
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@nytpitchbot.bsky.social youch!
how dependent are AI valuations on a maximalist version of AI build-out and uptake which, in terms of scale, speed, and freedom from scrutiny, might be less plausible under a different administration?
evidence does not consist solely of data, and data does not automatically qualify as evidence.
and @tomslee.net wins the argument, in the only way these arguments can be won. he just let it go.
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it’s amazing Sleepy Tom Slee managed to keep his eye open long enough to roll it. i guess that’s the power of my righteousness.
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No one should listen to a meanie like you.
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(the finance guy in me thinks it’s a bit much to describe a liability whose net present value has appreciated relative to the deeper liability it once was as an asset, even though it’s certainly true current borrowers wish they could be so fortunate!)
(if you could freely dispose of your low rate mortgage the way you can generally freely dispose of your assets, you would instantly do so!)
when the argument is taking place in quote tweets, it’s a bad sign for the quality of the conversation, whichever of the antagonists you may vibe with.
the best laid plans of mice and memers…
“I have long been amused by the 1991 Louisiana slogan when a corrupt politician was running against a Klansman, ‘vote for the crook; it's important’… Happily, the crook won.” characteristically great by @rebeccasolnit.bsky.social
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you already spent it. stop complaining.
it’s the biggest stimulus anyone has ever heard of. so many dollars coming into the economy.
i am asking urgently for an emergency stay on the emergency stay of the emergency stay.