Steve Randy Waldman
@interfluidity.com

free-floating nostalgia can be painful.

Steve Randy Waldman
@interfluidity.com

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/

in reply to this
Steve Randy Waldman
@interfluidity.com

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/

in reply to self
Steve Randy Waldman
@interfluidity.com

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

in reply to self
Steve Randy Waldman
@interfluidity.com

pjhollis123.medium.com/careful-mate...

Link Preview: 
‘Careful mate, that foreigner wants your cookie’: The cartoon appeared online five years ago- and it remains apt for current events in England

‘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 England
in reply to self
Steve Randy Waldman
@interfluidity.com

far from anti-elitest, MAGA is a conspiracy to make even the most predatory elements of the erstwhile elite look good by comparison.

Steve Randy Waldman
@interfluidity.com

they take every warning as an instruction manual.

Steve Randy Waldman
@interfluidity.com

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.

in reply to this
Steve Randy Waldman
@interfluidity.com

never actually throw your scapegoat off the cliff. you will find all of a sudden you have no one but yourself left to blame.

Steve Randy Waldman
@interfluidity.com

“the crisis of expertise is less about doubting expert knowledge than about rejecting the social hierarchy that ‘trust the experts’ implies.”

Loading quoted Bluesky post...
Steve Randy Waldman
@interfluidity.com

📌

in reply to this
Steve Randy Waldman
@interfluidity.com

Puppet shows! Puppeteer General should be a cabinet position!

Loading quoted Bluesky post...
Steve Randy Waldman
@interfluidity.com

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

interfluidity » Convenient, compulsory, compensated

in reply to this
Steve Randy Waldman
@interfluidity.com

also drafts.interfluidity.com/2024/03/28/h...

How to understand approval voting

in reply to self
Steve Randy Waldman
@interfluidity.com

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

interfluidity » Mass representative democracy

Steve Randy Waldman
@interfluidity.com

Your call is very important to us.

Steve Randy Waldman
@interfluidity.com

Huh! IRS Direct File is implemented in part in #Scala, both JVM and JS.

Loading quoted Bluesky post...
Steve Randy Waldman
@interfluidity.com

“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.

Loading quoted Bluesky post...
Steve Randy Waldman
@interfluidity.com

everything they pretended to complain about on principle they were really only jealous of. this is their diversity statements.

Loading quoted Bluesky post...
Steve Randy Waldman
@interfluidity.com

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.

Loading quoted Bluesky post...
Steve Randy Waldman
@interfluidity.com

they seem inconsistent, with mutually exclusive reasoning. but i guess not!

in reply to this
Steve Randy Waldman
@interfluidity.com

will it be the Supreme Court that ignores Humphrey’s, or the Supreme Court that exempts the Fed?

Steve Randy Waldman
@interfluidity.com

(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?)

in reply to this
Steve Randy Waldman
@interfluidity.com

the ownership of the investment claims that derive from trade is distinct from the initial trade. securities trade in global markets. 1/

in reply to this
Steve Randy Waldman
@interfluidity.com

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/

in reply to self
Steve Randy Waldman
@interfluidity.com

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/

in reply to self
Steve Randy Waldman
@interfluidity.com

but overall balance is sufficient to reduce the likelihood our negative NIIP continues to grow. /fin

in reply to self