“what if we just gave the worst people in the world unchecked power for a while? that would shake things up.”
pretty soon we will get to say “Please summarize what will happen in my life” and the machine will tell us and then we will find there is nothing left for us, we’ll just yawn and curl up and slip peacefully away.
i just think the writers missed an opportunity by not combining her role with Jeffrey Epstein’s then we could all be talking about Gillibrand’s Island.
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i’m a bit embarrassed of my own tweets from that era. i kind of abused the Crayola feature.
conjecture: the quality of life in its prisons is a pretty good measure of the success and level of civilization of a society. (note “measure”, which does not make a claim of “cause”. there are Goodhart’s Law risks.)
interesting and straightforward, but credit risk seems inadequately addressed to me. 1/
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sure, senior to national debt, but if any EU country for whatever reason fails to fund its part of a coupon, what happens? if there is not some kind of mutual guarantee, the least creditworthy member can trigger partial default, and that would have to be priced in spreads. 2/
if member-states more broadly are constrained, is there a mechanism to convert credit risk (risk of nonpayment) into valuation risk (risk the Euros repaid will be less valuable). experience suggests investors can manage the latter more readily than the “gap risk” implicit in the former. /fin
i guess the other place you might see this is a voting booth.
i periodically repost this one. never really know why. www.interfluidity.com/v2/7964.html
makes me jealous of certain members of foreign intelligence services.
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the rise of China is not the problem, is the opposite of a problem. the problem is the fall of America. the two did not need to be linked, but for foolish American policy choices.
one nice thing about being in Europe is you get to see all the surveillance Substack is putting you through.
i was trying to remember something, but i forgot what i was trying to remember.
the Supreme Court is playing a Jenga game, pulling away one protection at a time of the vague, lived “it’s a free country” experience many of us associate with America. at first nothing seems to happen.
if they don’t let you vote because you look like a libral, you can sue and a judge can tell you they should have let you vote but what can be done let the next voter sue.
the universal binding of Supreme Court decisions affords justices more power than is necessary to give particularized litigants justice. “inferior” judges should pay the Court no mind, do their own thing, let each set of litigants appeal to the Supreme Court if that’s their thing.


