free-floating nostalgia can be painful.
i don’t think it’s about hatred of the elites at all. i think it’s about actual immiseration, in material terms, but not only, in status terms as well. everyone feels like a loser, many of us experience real precarity. 1/
racism is a misdirection of this dissatisfaction away from people who enjoy disproportionate material and social status fruits, towards relatively powerless groups who can be tarred nevertheless as usurpers because their relative status has in some ways improved. 2/
the problem, in a sense, is too little targeting of the people who are really elite, in terms of material power, scapegoating instead racial minorities and educated liberals who have been sympathetic to their cause. /fin
‘Careful mate, that foreigner wants your cookie’
Link Preview: ‘Careful mate, that foreigner wants your cookie’: The cartoon appeared online five years ago- and it remains apt for current events in Englandfar from anti-elitest, MAGA is a conspiracy to make even the most predatory elements of the erstwhile elite look good by comparison.
i think you’re wrong, because racism wouldn’t be sufficient to give even its “beneficiaries” the sense of status, respect, and stability they crave. the trick is to persuade them racism would do that, but never quite provide enough official racism to test and discredit the lie.
never actually throw your scapegoat off the cliff. you will find all of a sudden you have no one but yourself left to blame.
“the crisis of expertise is less about doubting expert knowledge than about rejecting the social hierarchy that ‘trust the experts’ implies.”
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Puppet shows! Puppeteer General should be a cabinet position!
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i favor compulsory voting. and approval voting for senators, because right now they only have to appeal to 50%+ of the state, which makes them much too tribal. senators who appealed to a whole state would be checking the current administration. www.interfluidity.com/v2/8482.html
i unironically think the job of the future might be politician. we'd have a better world if we had a lot more of them, if every thousand, rather than every almost 800,000 of us, had a paid professional representative enfranchised in our political system. see e.g. www.interfluidity.com/v2/9069.html
Huh! IRS Direct File is implemented in part in #Scala, both JVM and JS.
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“when you’re in this kind of situation it’s hard not to become preoccupied obsessing over how stupid you’ve been.” #relatable i think i want it on my tombstone from a great piece by Moe Tkacik. revenue-based repayment in theory makes some sense for small business loans, but price is everything.
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everything they pretended to complain about on principle they were really only jealous of. this is their diversity statements.
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i had no idea there was a credible challenge in the courts until last night they announced its success. and i’m a pretty obsessive news reader.
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they seem inconsistent, with mutually exclusive reasoning. but i guess not!
will it be the Supreme Court that ignores Humphrey’s, or the Supreme Court that exempts the Fed?
(I don’t have a strong view one way or another on the question of whether holding eg US Treasuries gives a player meaningful power over the US. The Fed, after all, can buy what the other guy sells, has the power to do yield curve control if it wants. But what are the knock-on effects of that?)
the ownership of the investment claims that derive from trade is distinct from the initial trade. securities trade in global markets. 1/
so, China can (and i think has) sell US dollar claims for Euro claims, as it grows concerned about sanctions, even as it continues to encourage issuance of USD claims through trade. 2/
i’m not sure whether we care too much about who holds our negative NIIP. we might. but trying to regulate bilateral trade balances wouldn’t address it, at least not without a bunch of other capital controls. 3/
