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economics
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Daily Alchemy: a question to think on together
“When the economy feels shaky, do you trust a bold new plan more, or a steady familiar one?”
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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.... - Editec...
Imagine fighting a war to liberate yourself from slavery only to find that you are expected to pay your former owners for your freedom Perhaps FRANCE needs to return all the REPARATIONS money Haiti had to pay them for over a Century.... Hello
Hi everyone — I’m Tarnell Brown. Still figuring out how this site works, but I’m jumping right in. I’m an economist who studies how institutional and structural incentives can hide the real costs of discrimination, especially for people who are already starting from behind.... - 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).... - 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.... - 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.... 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.... 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... 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...... 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... - 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... - hikriskidd...
Hey, I’m Kris. I’m the Chief Experience Officer for Vegas Sidekick, an SEO specialist, and a futures trader. I joined Uptrusting because I optimize search algorithms for a living—which means I know exactly how traditional platforms are gamed to serve you garbage.... 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.... - [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!... Merit is a many turn game
The common take now is that meritocracy isn’t real because of privilege. But it’s actually a generational or tribal meritocracy, where you do your best to set up your kids/“clan” to have the privilege that you didn’t.... - 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.... - johnky...
China's Economic Slowdown: Challenges, Debt, and an Uncertain Future
This excellent video explores China's economic challenges, particularly its slowing growth, increasing debt, and the risks associated with these trends.... - johnky...
Who Really Benefited from the Pandemic Housing Boom?
The housing debate often frames investors as the villains of Australia’s affordability crisis. It is easy to point to negative gearing, cheap credit and capital gains concessions and conclude that speculators drove the pandemic bubble and pocketed the windfall....