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Daily Alchemy: a question to think on together
“When the headline numbers say the economy is doing fine but your own life feels shaky, which do you trust more, and what would change your mind?”
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- johnky...
The U.S. Trade Deficit: Tariffs vs. Borrowing Less
When people talk about America’s trade deficit, tariffs often come up as the “solution.” Put a tax on imports, make them more expensive, and the deficit will shrink, right? The problem is that tariffs do not actually fix the underlying imbalance.... - marcello...
A Plausible Oncoming Financial Storm
So, the economic situation might end up pretty dire if the following is correct. I'm posting this line-of-thought in case someone wants to sanity check it.... Why having kids is bonkers (if you’re addicted to comfort)
Hot take: If your life is all about chasing pleasure, getting the newest shiny thing, and looking for your next dopamine hit, then yeh – having kids is nuts. They’re messy, noisy, and they’ll likely ruin your dreams of becoming a social media influencer.... - david...
There is still too much 1st tier hierarchy in Dalio's 2nd tier heterarchy, meaning that he is (or was) ultimately the King of Bridgewater such that the cult(ure) trended toward very clever yes-men sycophants organized in circles of gate keepers (this is my own guess, without... - TTL...
The Democratic Party should join the GOP to counter MAGA
Today* I helped my family move my maternal grandparents back into their home in Altadena, from which they had been evacuated due to the Eaton Fire in LA for over 2 months.... yes, this is another way of answering @nat’s question about portals to connection. When you’re in too much debt, there’s not much connection, and there will eventually be a reckoning which usually means even... - SuziQ...
What if Tariffs Are a Good Thing?
I was surprised to find that this podcast made me wonder whether tariffs would actually be really good for the US economy and, more importantly, for midd-class American people.... - Philip...
Learn about Bitcoin. Your future self will very likely be grateful you did.
I think understanding Bitcoin is in everyone’s best interest. Although everyone’s heard about Bitcoin at this point, I think it’s still mostly misunderstood (and misrepresented).... - johnky...
I underestimated tariffs. Here is what I've learnt.
I used to quietly feel smug watching others underestimate the power of tariffs in the hands of the United States, especially in discussions about the balance of power between China and the U.S., only to realise I had been underestimating them myself. 1.... Mechanism Design for Harm Reduction
I’ve just posted a new paper on SSRN: Mechanism Design for Harm Reduction: Game Theory and Social Choice for Carceral MOUD and Recovery Institutions 👉 Read it here: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=6173484 The core question: Why do our institutions so often... - grellyshoots...
The Matthew principle, or Matthew effect, is the tendency for people who start with an advantage to gain even more advantages over time, while those who start with less fall further behind
- onBitcoin is now synthetically created, through options, derivatives, & ETF. Does that mean it’s endless, just like all the US dollars?bylaymanpascal...
Both bitcoin and fiat currencies can be quantitatively expanded under the right conditions. The real constraint is the threshold beyond which the value and utility cease to be engaging to users. For many reasons, bitcoin is not the magic vessel that many believe in...... - Terry387...
Mr Erdogan has a number of internal issues that he needs to address. The Turkish economy is not in good shape, with inflation, high prices, and a weak currency. I would imagine that the ordinary Turk would be very unhappy with the high cost of living.... Mars feels like a really important backup plan
If there’s even a small chance that Earth is fucked from global warming, we need to be able to go to Mars. I heard a cool concept that we can basically artificially create global warming on Mars by putting greenhouse gases in the atmosphere.... Economic Class is the biggest discrimination factor today?
Back in my 20s, I used to read Paul Graham and bought into the whole entrepreneur is a magical wizard that takes disproportionate risks and deserves all the wealth and equity they receive. But, that assumed a good social safety net and level playing field.... Yes! Absolutely. It's a network of issues. My gut reaction is that the bigger problem in our healthcare system is inflated prices, including pharmaceuticals. In college, I took a financial statements course.... PS: apologies if my words were a bit harsh, I see that your questions were well intended and sincere. It's great to try to find nuance and to understand different perspectives, but that falls short when assessing the impact of this concrete policy.... The Open Question April 8: How do you determine what something's worth?
Hey y'all! This week's open question: How do you determine what something's worth? SpaceX is targeting a valuation of $1.75 trillion. Bhutan measures success by happiness instead of GDP. Close friends of mine are weighing career ambitions against time with their kids...... - [deleted]...
Culture shocks while visiting Kathmandu, Nepal
I'm here for Harris' friend's wedding, and the country is way poorer than I realized. GDP per capita is just under $1400 (in 2023), 2022's HDI is ~.6 (medium human development), both of which are apparently among the lowest in South Asia. The roads are crazy!...