"how businesses set prices is a legitimate question, both as an object of inquiry and target for policy…there is a wide range over which prices are, in an economic sense, indeterminate. Depending on competitive conditions and the strategic choices of firms, prices can be persistently too high or too low relative to costs. This indeterminacy means that pricing decisions are, at least potentially, a political question. "
a tour de force by @jwmason https://jwmason.org/slackwire/in-praise-of-profiteering/
#economics #ViaRSS
@isomorphismes we'd all love to see the plan.
@SteveRoth (i think i read singularity sky, i think on krugman's recommendation, but i don't remember it all that well.)
@SteveRoth just that if his experience is representative, supply curves might shift left or up as well in our brave new ozempia, if we're collectively less enthusiastic to do our work.
praying for statesmanship.
@phillmv (i wish assasination were outside of norms. the US under Obama and Trump had a massive assassination program in the Middle East. Biden, at least, has dramatically scaled that back. Putin uses assasination routinely, it’s a core part of his approach to discouraging rivals or those who would spread dangerous (to him) information. maybe we maintain a conceit the norm isn’t accepted. maybe assasination by nonstate actors is outside of norms, like smoker-mom saying don’t smoke.)
liberation is a child’s delusion. we all must live our lives restrained, trapped, bound to those motherfuckers, other people with their messy wants that become unjust claims against us we must constantly exhaustingly negotiate and renegotiate. the terms of our mutual bondage can be fair or much less than fair, for sure, and we should strive for equal dignity. but bound we shall all remain, until the only liberation vouchsafed for us, from our stupid mortal coils.
i feel like we’re all passengers on a plane, and we know the pilot has set the autopilot to controlled flight into terrain. we are all chatting animatedly about it, debating it somehow, but of course the cockpit door is locked and no one tries to breach it.
they are annular but not annual.
@ZaneSelvans we'll the solar anti-energy!
@paninid indeed. it's remarkable how openly tendentious so many have become.
i really hope that we all retain the capacity luxuriate in our absurd domestic squabbles over the coming days and weeks.
On the one hand, ethnic cleansing is a terrible practice.
On the other, rarely has a leader made so plain (whether sincerely or as excuse) that another polity's civilians must suffer and die for a cause the foreign leader supports, whatever the views and preferences of the people doomed to suffer.
Which is also disagreeable. I don't know which is worse.
cf https://www.cbc.ca/news/world/rafah-border-gaza-egypt-israel-1.6994234
Text: Egyptian President Abdel Fattah el-Sisi called for access through Rafah in a speech on Thursday. He also pushed back against letting in large numbers of Palestinians. "The threat there is significant because it means the liquidation of this [Palestinian] cause," el- Sisi said. "It's important for its people to stay steadfast and exist on its land."
@SteveRoth thanks! a simple answer to a simple question!
@SteveRoth i guess not! that's probably the explanation. in my simple model of the solar system everything is coplanar, but i guess the moon's orbit cuts through the plane defined by the earth's, so an eclipse requires a coincidence.
what i've never really understood is why there isn't an eclipse once a month.
