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andyharless.bsky.social
datums scientist; economist; rhapsode; urban hiker; XCH, StellaCoin, pre08 NGDP trajectory maxi; pair of ragged claws scuttling across the floors of silent seas
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I want to go to a Joni Ernst town hall and yell out "The people currently on Medicaid are going to have a nontrivial decline in their average life expectancy!"

Happy to see that the hominid infestation that has plagued Planet Earth is finally showing some signs of peaking out.

If you think AI will displace lots of human labor in the near future, what does that imply for interest rates? - Up since future abundance means falling marginal utility? - Up since rapid growth means more demand for capital? - Down to offset deflationary effect of labor redundancy? #ai #economics

#poetry #yeats #ai #phonetics #linguistics K guys, is Yeats’ “gyre” a hard G or a soft G?

There's a scenario where AI raises productivity by replacing people. And there's another scenario where AI raises productivity by making people more efficient. And there's yet another scenario where AI reduces productivity in the short-to-medium run because learning to use it effectively is costly.

αἰεὶ δὲ πυραὶ νεκύων καίοντο θαμειαί

I don't find this at all plausible, but it's interesting to parse from a macroeconomic point of view. Could potential output grow so quickly that you have both a depression (in the sense of output far below potential, with 10-20% unemployment) and a boom (rapid growth of output) at the same time?

Why is it that those who are usually opposed to “equity” (in a DEI context) are the ones who want to apply the concept most aggressively when it comes to people who have a disadvantage in certain sporting events because of lacking a Y chromosome?

We here highly resolve that those dead shall not have died in vain

Hobbies: Doing an impression of Count Dracula reciting Bob Dylan lyrics

Right now the US is its own worst enemy, so any American who gives aid or comfort to the United States of America is a traitor.

"What effect AI will have on employment? Will it cost jobs as AI replaces people or will it create jobs as people are hired to take advantage of AI?" That is the wrong way to think about this. Central bank reaction functions will make the direct effect almost irrelevant to the aggregate effect.

If Putin wanted peace, he wouldn't have invaded in the first place. It was a stupid thing to do at the time, and people knew it was and didn't think he would really do it, because they didn't think he was that stupid. Why would he be any less stupid now that he's managed to occupy some territory?

Seems like this has become the conventional wisdom now.

Nixon + Hitler - Einstein = Trump

Trump: "Foreigners will pay the tariff" Democrats: "Consumers will pay the tariff" Home Depot: "We'll pay the tariff"

In nature, male genetic material has an equilibrium price of zero, because it's not scarce and doesn't come bundled with complementary services. Being a male is kind of like being assigned to do a marketing campaign for a worthless product.

Donald's last name is really not Trump but Clxvi. Hence the inscription DCLXVI on his forehead.

We’re all basically going to be AI babysitters now. But AIs are difficult children. Babysitting them is no easy task.

Skeptical though I am about whether "bringing back manufacturing" is actually a good idea, I don't think this is a valid argument against it. The idea of protectionism is to make US manufacturing more profitable, in which case manufacturers will be able to offer higher salaries and can fill the jobs

Implement a 100% tariff and ruin a movie Wing of Desire

So, per "reciprocal tariffs", any bilateral trade deficit is a thing that needs to be fixed, and also, per the movie tariff, any possible decline in an existing trade surplus in a given sector is a thing that needs to be fixed. The only acceptable overall outcome must be a large surplus.

The “incumbents keep losing” trend has come to an abrupt end—not because things got better but because people realized the alternative was worse. (Y’all can thank my country 🇺🇸 for teaching you this important lesson.)

Thinking about fiscal policy in the US, Europe, and China, I’m now fairly convinced that secular stagnation is not coming back any time soon. The trade war will be resolved one way or another (maybe just by settling into a lower trade equilibrium). The yield curve should be much steeper than it is.

My (completely ignorant) theories of why the fascists are popular in East Germany: 1. East Germans are nostalgic for communism and want to go back to authoritarian government. 2. East Germans hate communism so much that they’re reacting to the opposite extreme. 3. A little of both