Suppose you love Pokemon cards. You spend your first 50K on Pokemon cards, and your second 50K on Pokemon cards. You can't infer, then, that you value the second 50K of Pokemon cards less. 1/
Even if the goods purchased are different, maybe I get the same or more value from the second 50K, but I had to combine it with the goods purchased first? (Maybe I buy a record player first, but it's the records I get the most utility from?) There are lots of possibilities! 2/
The main evidence for declining marginal utility when economics is taken as a positive science is in risk aversion. Absent declining marginal utility, you should be indifferent between doing nothing and flipping a coin, heads you will $1000, tails you lose the same $1000. 3/
[new draft post] Constant real wages can hide a lot of pain https://drafts.interfluidity.com/2025/12/28/constant-real-wages-can-hide-a-lot-of-pain/index.html
it's just getting all the statements that i find so annoying. i just want them all as an archive, but i have to click and download one month at a time, multiple accounts, multiple institutions.
Lots of first past the post systems maintain multiple parties, to a degree, Canada, Great Britain are the ones I'm most familiar with. They still tend toward a (sometimes shifting) dominant pair, with third party voters becoming strategic around those pairs in close constituencies. 1/
It's Duverger's tendency more than "law", but even where systems don't collapse to two-party-ness, strategic voting to avoid spoiling becomes a very dominant concern, limiting expressiveness. 2/
Proportional-representation-based systems permit voters to express their own preferences (rather than strategically managing a party landscape) much more, whether or not there's outright collapse to two parties or just weird first-past-the-post strategic voting to navigate. /fin
( a bit related maybe is the idea of a "stochastic gong show"? www.interfluidity.com/v2/8331.html )
it's first-past-the-post elections that make de facto two party systems. other electoral systems — proportional representation, approval voting — do not. lots of states have persistent multiparty systems. en.wikipedia.org/wiki/Duverge...
a thing i really hate is that financial institutions won't let me download all my statements and documents as an archive, i have to go through one month at a time, which takes a long time. 1/
scraping all my documents from financial institutions would be a useful AI use case for me, but also a bit scary, i'd have to give it access logged into financial institutions. 2/
it is astonishing, continues not to compute for me, that such a manifestly unsuitable person has now twice been elected. reform of a system that would do that seems a lot more urgent.
proportional representation doesn't require a constitutional change. a unicameral legislature that appoints and can remove the executive certainly would. 1/
however, re impeachment, as you suggest, a multiparty system brings the legislature closer to the founders' imagined legislative independence via "dilution of factions". 2/
in a well-sorted two-party system, Presidential impeachment almost impossibly broken. the legislature will usually be near 50/50, 50% perceive their own fortunes tied to the President's, can't get 2/3rds to impeach absent extraordinary unpopularity. 3/
with multiple parties, that no longer holds. whenever the President's party holds less than 1/3 of the Senate, much of the Senate can serve relatively independently as jury. 4/
We don't have to change the constitution at all to have a true multiparty system. We can change Congressional elections from first-past-the-post to some form of proportional representation with a simple act of Congress, and reform away the one-size-fits-all primary processes.
I certainly agree it's ridiculous that it was even conceivable to bring Trump back to the White House and the media did a crappy job of communicating the reality of his past misgovernance to the public, let alone the awfulness of what he was proposing going forward, what we are living through now.
Trump II has been a disaster. But voters in 2024 didn't have the experience of 2025 to reject. They had the experience of a rough Biden term and gauzy memories of an okay pre-COVID Trump economy.
if we had real political parties, they themselves would be the teams we’d be voting for.
bidenomics was a bad time for much of the public. massive inflation, withdrawal of covid supports, housing pulling ever farther out of reach, generally speaking the assetholding class pulling ahead while everyone else fell behind. IRA/CHIPS/BIL didn’t have time to discernibly deliver.
if new college had an “ideological bubble” it was iconoclasm, a perhaps too-little-examined gusto for piercing ideological bubbles.
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the great thing about having an open point of view is that it creates an incentive to bend over backwards to present alternative and opposing views, in ways proponents of those views would recognize and endorse, in order to neutralize accusations of unfairness and propaganda.
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if you want to get shit done, rather than a “strong man”, instead of autocracy, have you considered a democratically elected unicameral legislature which directly appoints and can remove the executive?