Crabs are just spiders with body armor

Joined March 2021
Two new papers on the timeless question: how do central banks, by raising interest rates, lower inflation? grumpy-economist.com/p/two-n…
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People mock GDP per capita and economic freedom at their own peril.
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Willem retweeted
Just found out about recency bias. Maybe the most important bias ever
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Capitalism is good when: (ln(a)/ln(b))*((1+i)^(n/-π^rt)) + (log(log(log(c)))*sqrt(𝜕c/𝜕b)) + b^3-a^3 +(𝜆sqrt(N) * ∫U(x) And it can be bad when: sqrt(x)+log(y)sin(cot(b))+𝜆*z)ln(ln(ln(a))) -  ∑∞ x^n/n! + ∮F *dr C - economists, probably
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Markets must do ten times as well as government to be half as beloved.
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SKIN IN THE GAME
JUST IN: Palantir CTO reveals many AI researchers have started smoking cigarettes to demonstrate their confidence that AI will cure cancer.
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The plan is working
Singapore PM why his government doesn't cap prices to reduce cost of living pressures. What western leader today could explain the value of price signals in such a way?
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total liberal unity
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"The Swiss voted for bigger pensions. For it to pass, they must now explicitly vote again the higher taxes to fund it."
I'm not a big fan of referendum but I must admit forcing citizens to vote on a tradeoff is a vast improvement over most political debates The Swiss voted for bigger pensions For it to pass, they must now explicitly vote again the higher taxes to fund it
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People who shame you for not using your real name and picture are exactly like this
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A fun reminder when the term “late stage” capitalism was coined to describe contemporary conditions less than half of American homes had electricity.
unlike 1848, 1865, 1873, 1893, 1896, 1907, 1911, 1915, 1917, 1919, 1929, 1931, 1939, 1945, 1949, 1956, 1968, 1971, 1973, 1975, 1979, 1982, 1987, 1991, 1999, 2001, 2008, 2011, or 2020 this set of crises will be terminal for capital. 178 years of crisis theory with little to show
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Willem retweeted
Global economics before the Industrial Revolution.
Whoever gets 3 cones is the winner 👌🏾❤️
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I’m fighting for a world where blackstone owns the share of housing stock that critics think blackrock does
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A bunch of Nobel Prize-winning economists have endorsed California's proposed billionaire wealth tax. I can't oppose them on authority. But I know some academics who can.
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Fractional reserve banking has done more for free markets than all the economists at the Mises Institute combined ever could
The Austrian School is in a bizarre position where it thinks one of the most important inventions of capitalism is immoral and fraudulent.
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Willem retweeted
AI is finally taking over economist's job. It's all over.
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Random reminder that the reason Colonialism correlates with Capitalism is because richer countries were better equipped for expansion. Whenever you see a Commie use this talking point, it's an accidental self-own.
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counterpoint
My only marriage advice for guys: you can be happy, or you can be right. You decide.
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