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20 September
19 September
From one piece Better Debt 2 beliefs · grumpy-economist.com
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Their words
Simplifying a bit, the Treasury should introduce a fixed-coupon perpetuity and a fixed-value floating-rate perpetuity. These should gradually make up the bulk of government debt.
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Their words
The tradeoff between cost of borrowing and how much interest rate risk taxpayers shoulder should be squarely on the shoulders of the politically-accountable Treasury not the independent Fed.
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korrents.com
Time spent on bureaucratic paperwork is a real economic cost even though it doesn't appear in government budgets.Their words
it is simply ridiculous that a ruinously expensive policy can be budget-neutral if the expense consists of wasted time rather than wasted money. But that's still a cost!
18 September
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korrents.com
A competent, empowered civil service that performs crucial government functions with in-house expertise is good.Their words
One unpopular position I’ve stuck to over the years is that a strong bureaucracy is good. I don’t mean “bureaucracy” as in red tape and regulation; I mean a competent, empowered civil service that can perform crucial government functions efficiently and well using in-house expertise. This is also called state capacity.
17 September
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Their words
Finland made great progress towards eliminating homelessness by giving people houses which they could feel was home. Alas, right-wing government has cut some of the spending and is driving homelessness back up.
15 September
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Their words
Social media is destroying out society. Quitting doesn't help because everyone else is still on it. It's a bad equilibrium. It needs to be solved with government regulations.
14 September
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Their words
that doesn't have to persist long for AI to join the ranks of systems that are important enough that there's someone senior in the government who's responsible for regulating them.
13 September
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Their words
The best way is to be strong, sovereign, hard-working and deeply competent. Ideally with an uncanny ability to start ambitious infrastructure projects and finish them on budget and on time. Shout-out to our nuclear energy sector for nailing that. Do that and every other problem melts away.
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Their words
If there really is a high chance of AI leading to the extinction of humanity within years/decades, then the only rational stance towards safety monitoring and research pacing should be stringent, top-down government involvement and universally ratified international treaties.
12 September
11 September
10 September
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Their words
a hard-earned lesson of the past few months is that mobilizing collective action against the federal government is hard.
9 September
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Their words
I do not think those running the government testing understand what is going on, and believe they are reacting basically on vibes and what various trusted people tell them.
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Their words
So, in short, we can say that using looped transformers can improve model quality at a fixed compute budget if the model is large enough.
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Their words
the Trump administration's foreign policymakers are so lazy that they keep self-sabotaging.
8 September
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korrents.com
The current US government uses false antisemitism accusations to damage and control institutions it views as enemies.Their words
The Fascist regime now ruling the US both enables this and has effectively used bogus accusations of "antisemitism" to damage and exert control over prominent institutions they consider to be enemies.
From one piece Where’s the Beef (Coming From)? 2 beliefs · paulkrugman.substack.com
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Their words
It’s an administration that’s trying to turn us back to the 19th century or before. It’s really just trying to undo even the most essential functions of government.
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Their words
And this is not something that you can leave up to the private sector. It’s not something where you can do your own research. It’s a very complicated world out there. And the informational burden of trying to figure out whether the people responsible for your package of hamburger are actually following safe procedures, that’s beyond everybody.
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Their words
This is the case even though Canada gets broad access into the massive American Government Procurement Market, including those of our States. That is not reciprocity, it is a Canadian Trade Scam.
7 September
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Their words
Voting for the AfD in the current landscape, whatever your economic issues, in short, is not a vote to have your economic issues addressed by social democracy, or welfare or government intervention.
6 September
5 September
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korrents.com
Most of a song's useful bass information sits in the 60–120 Hz range rather than in the deepest frequencies.Their words
That area between 60-120Hz is where the most bass info lies in music today. I feel many subwoofers focus on the lowest Hz number rather than being musical, fast and invisible.
My Fave Speakers Ever and Why. Fleetwood Helios.stevehuffphoto.com
4 September
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korrents.com
A conspiracy theory can be used as a pretext to dismantle government programs and target researchers and citizens.Their words
Since 2025, MAGA ideologues have been using this alleged plot as an excuse to dismantle government programs, stifle research, intimidate American citizens, and even distort American foreign policy.
The Myth of the “Censorship Industrial Complex”anneapplebaum.substack.com
3 September
From one piece The Crisis We've Been Waiting For 2 beliefs, in the piece's order there
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korrents.com
Rising AI capability is undermining the assumptions that justify slow, manual government processes.Their words
AI creates a crisis by making the assumptions on which government operates untenable.
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Their words
Things government has long explained as difficult, expensive, or slow are going to look increasingly like choices.
2 September
1 September
31 August
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korrents.com
The US federal government will eventually impose heavy-handed control over the internet.Their words
Sometimes I get super nervous that someday the US government is really going to fuck with the web. Like they are going to decide they just don't have enough control over it and are going to get really heavy-handed somehow.
28 August
From one piece My Most Contrarian Opinion Right Now 3 beliefs, in the piece's order there
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Their words
I think the fact that the government took on debt during two crises to help households was a good trade-off.
My Most Contrarian Opinion Right Nowawealthofcommonsense.com
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korrents.com
The real danger of high government debt is the policy errors it provokes, not a debt crisis.Their words
But I am worried about high government debt levels causing policy errors.
My Most Contrarian Opinion Right Nowawealthofcommonsense.com
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korrents.com
The United States is not at risk of a financial crisis caused by the size of its government debt.Their words
So my baseline assumption is that people will continue complaining about the trillions of dollars we have in debt but it won’t lead to a financial crisis.
My Most Contrarian Opinion Right Nowawealthofcommonsense.com
27 August
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Their words
What we do know is that the actual Elon Musk that we have to live with on this here timeline was flagrantly incompetent in government, contrary to Noah's previous predictions.
26 August
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Their words
300 milliseconds is like an eternity in computing, right? And so if you're talking about like our pitch is that we're not more than 300 milliseconds, that just shows you how the bar was so far past where it probably should have been for something.
25 August
24 August
23 August
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korrents.com
Most high-skilled Europeans are happy to pay even high taxes, provided the government does a great job in return.Their words
I think most high skilled Europeans are happy to pay (even high) taxes That is, if the government does a great job like Singapore or Dubai or Korea or Japan and most things work well You pay the government for a service and you get safe cities, great public services and great healthcare back
21 August
From one piece How Countries Go Broke: The Dynamic Behind What is Happening Now 3 beliefs · raydalio.substack.com
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Their words
The debt dynamics work the same for a central government as they do for a person or a company, except that a central government has a central bank that can print money (which devalues it) and it can take money away from people via taxes.
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Their words
Early in the final stage of the Big Debt Cycle, the market action reflects this dynamic via interest rates rising led by long-term rates, the currency declining especially relative to gold, and the central government’s treasury department shortening the maturities of its debt offerings because of a shortage of the demand for long-term debt.
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Their words
Because one can measure these things, one can monitor this debt dynamic happening, so it’s easy to see problems approaching. I’ve used this diagnostic process in my investing and I’ve kept it to myself, but I’m now explaining it in detail in How Countries Go Broke: The Big Cycle because it is too important to keep to myself.
18 August
From one piece Michael Kratsios: Inside the White House's AI Strategy 4 beliefs, in the piece's order there
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Their words
I think it can be a slog, it can be bureaucratic, it can be painful, but when the when the outcome actually happens and you deliver the result, there is no place where you can have a bigger impact on on this country.
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Their words
I think there is there is um no place where you can work on bigger problems than the US government. Even at the the biggest tech companies in the world, you're never going to be dealing with problems of this of this scale.
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Their words
no matter what kind of industry you're looking at, there was this government angle where the government's policy actions could be ones that could actually unlock technologies.
+ 1 more
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Their words
Over time that has sort of inverted completely. The private sector plus philanthropy now do about 70% of R&D and the and the government only does about 30.
15 August
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Their words
it's just been sitting there in legislation for like 40 years and no one's really taken advantage of it except for one government program here or there where they want to, you know, do a NASA space reactor or something like that. But it has from a legal perspective been waiting for an administration to say, "Hey, this might be a way to accelerate nuclear R&D."
14 August
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korrents.com
The pace at which dangerous AI capabilities spread is set by the least cautious developer, not the most careful one.Their words
The capability diffusion is determined by the lowest common denominator.
12 August
10 August
7 August
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Their words
And so what you realize is not only is this very hard to keep burn under control, but also it's just this is the inappropriate place to exercise spending review. Spending review has to come earlier. You have to have some concept of budgeting.
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korrents.com
Philanthropy can never operate at the scale of government, no matter how well-funded it becomes.Their words
Even with the influx of funding that may come with the AI companies' IPOs, philanthropy can never act at the scale of government.
6 August
3 August
2 August
28 July
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Their words
By the way, this is the pattern in a lot of regulation. It doesn't come from like some well-meaning person trying to keep the public safe. It comes from some entrenched, frankly, lazy interest that doesn't want to have to compete and runs to DC or runs to the local regulator and tries to use the power of government to shut their competition down. I think this is deeply unethical, but it happens all the time.
22 July
20 July
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korrents.com
AI is raising public expectations of government service at the same time it changes what government must deliver.Their words
Every state, and the federal government right along with them, is about to be asked to do a lot more than keep the lights on.
18 July
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korrents.com
Pushing an LLM's reasoning budget higher eventually yields diminishing returns and becomes uneconomical.Their words
This saturation can be seen more clearly for the GPT 5.6 Sol model, which also shows that increasing reasoning budgets can become uneconomical at some point.
Controlling Reasoning Effort in LLMsmagazine.sebastianraschka.com
15 July
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Their words
But it's also your instruction budget is like if you give the model too many instructions and especially too many conflicting instructions and that's in your initial prompt and also like if you have a conversation you start going down a path and then you change your mind and you start going down a different you actually I don't want to do any of that I want to do this. It's like a it's a lot of computation the model has to do to notice that it has to ignore that whole thing.
14 July
13 July
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korrents.com
Happiness across a life is a curve rather than a decline, and its lowest point is midlife, not old age.Their words
there's some interesting work on you know happiness being more curve linear like midlife is actually some of the lowest levels of happiness and life satisfaction
12 July
From one piece The Network State 3 beliefs, in the piece's order there
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korrents.com
A government is legitimate internally if the governed have consented to it, whatever form it takes.Their words
Given the consent of the governed, any form of government is internally legitimate.
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Their words
This gives us a new perspective on why micronations like Sealand don’t work: they start backwards, from the territory and the government, rather than working forwards from a people and their culture.
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korrents.com
The US federal government has lost the capacity to build basic infrastructure, let alone advanced military hardware.Their words
This US government can’t build a bathroom in San Francisco, let alone a costeffective fighter jet, destroyer, combat ship, or aircraft carrier.
11 July
9 July
2 July
29 June
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Their words
To shout “temporary” and pull the plug essentially overnight after immigrants have relied on the government’s representations that they should put their efforts and future into establishing a life in the United States wreaks unfair havoc on the lives of immigrants as well as the welfare of their communities.
SCOTUS Whitewashes Otherwise Racist Decisionblog.simplejustice.us
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korrents.com
AI models default to generic, lowest-common-denominator output unless a user actively pushes back against them.Their words
If the user doesn't actively push back against the AI model, then they get the generic output, the lowest common acceptable denominator of aesthetics and taste.
26 June
From one piece Really Big Test-Time Compute in AI Changes Benchmarks, Safety and Research with OpenAI's Noam Brown 2 beliefs, in the piece's order there
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Their words
The problem is we're in a world now where the capability of the model is a function of how much money you put into it. Basically, if you give it a budget of $10,000, it can do a lot more than what it can do with a budget of $10. Give it a budget of $10 million, you can do even more. At what budget should you evaluate these models? The policies that exist today don't really address that question.
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Their words
my claim is the proper way to evaluate the models now is you either have some kind of budget for the benchmark whether it's tokens or cost or time or whatever or you plot the performance as a function of the amount of test time compute that's going into the model
23 June
21 June
19 June
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korrents.com
Government controls both the resources and the legitimacy needed for large-scale change.Their words
Government is where the literal money is (money that could often go much further if we fixed what's wrong with government), but it's also where the impact is. And it's where the legitimacy is.
18 June
From one piece Re-engineering the Semiconductor Supply Chain with Intel CEO Lip Bu Tan 2 beliefs, in the piece's order there
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Their words
And then in terms of the capital intensive like AI in a factory and also the foundry and then you really need to tap either government funding or some sovereign fund
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Their words
Just I explained to President Trump, TSMC when they started they have the Taiwan government as a shareholder. If you look at Japan, you look at Singapore, this is the infrastructure US government get to provide the support.
17 June
16 June
From one piece Machiavelli is the most misunderstood thinker of all time – Ada Palmer 4 beliefs, in the piece's order there
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Their words
When you break that, when you overthrow the ruler, when you dissolve the republic, when you put in a new thing, it doesn't have that same staying power. And so, it's very common when there's one regime change for there to then be five regime changes rapid-fire over and over.
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Their words
And soon we have a precedent that every new pope feels he has the authority to knock down every pawn upon the chessboard if he feels like it. Once that is the norm, even a fairly nice pope still inherits the idea that the pope is going to overthrow and replace governments. And this creates a unique instability within Italy that no other part of Europe is subject to
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Their words
It shouldn't It shouldn't be shelved next to How to Win Friends and Influence People because it's a manual not of how to gain power, but of how to keep power.
+ 1 more
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Their words
The Inquisition, the Vatican, it controls everything, which is completely untrue and is propagandistic. The Inquisition is overseen by a whole bunch of isolated guys who are in isolated towns and it takes weeks or months to even communicate with the Vatican and they're making their own decisions.
14 June
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korrents.com
AI should be used as a failure machine that tests many ideas cheaply, not as a way to build one idea faster.Their words
the way we should be using AI is as a testing machine, a failure machine, and a way to vibe code, cloud code, but but build build the, you know, the the lowest possible cycled version of your product that you can get signal back on.
9 June
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Their words
And Russia's never had a commerce-driven economy. China much more so under Deng Xiaoping, but recently Xi Jinping has been privileging the crony sector over the private sector and neither one has stable government institutions.
15 May
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korrents.com
Federal Reserve Board members have historically often resigned before completing their full terms.Their words
Federal Reserve Board members have often resigned their positions well before their 14-year terms expired, since that's quite a long time to spend in one position in government.
9 May
From one piece Stop Microlooting the Tax Code 2 beliefs, in the piece's order there
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korrents.com
Stronger enforcement against tax and benefit cheating would raise social trust in government.Their words
It would behoove politicians to take cheating more seriously, because better enforcement would improve social trust
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Their words
The necessary tax rates depend on how big a government you want, but all these systems rely on people paying taxes.
27 April
24 April
13 April
5 April
4 April
22 March
13 March
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Their words
So to scale compute further right there's some different bottlenecks this year next year uh but ultimately by 2829 the bottleneck falls to the lowest rung on the supply chain which is ASML right ASML makes the world's most complicated machine i.e. an EUV tool.
8 March
28 February
16 February
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korrents.com
Constitutional limits on policing are not policy preferences to be traded away in a budget negotiation.Their words
And that risks giving the impression that basic constitutional rights and restraints on police and executive power that date back to the Founding are, actually, negotiable.
9 February
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Their words
Again, you cannot pay for the externalities by pulling subsidies (there is nothing there to pull
Do subsidies make meat much cheaper?hannahritchie.substack.com
5 February
3 February
25 January
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Their words
They actually had the budget and bought the stupid thing. Then they went through onboarding and invested their time etc etc. That is a crazy gauntlet that almost no one gets through.
22 January
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Their words
Back when the Fourth Amendment was enacted, the most fundamental remedy for an unlawful government entry into your home was a civil suit for trespass against the officers.
10 January
29 December 2025
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Lovedrcmnd.app
BreakneckTheir words
Wang argues that the US & China each have a dominant form of government problem-solving
25 December 2025
18 December 2025
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Their words
There is a close mapping between government ideal types and corporate governance structures given their shared origins in transaction costs.
9 December 2025
From one piece Marketing Expert: The Playbook Behind Every Great Campaign | Rory Sutherland 2 beliefs, in the piece's order there
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Their words
probably 50% of the time, I would advise to a client, take 10 to 20% of your marketing budget and spend it on upgrading the call center. Pay the people too much. Get the best practitioners.
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Their words
And there are a whole bunch of people who are employed not always by the government just as much by the private sector who are much more interested in adherence to uh approved procedure than they are in quality of outcome.
28 November 2025
27 November 2025
27 October 2025
19 October 2025
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korrents.com
A government's political legitimacy depends on providing a fair, merit-based channel for social advancement.Their words
One possible reading of the last century or so of political history in China, therefore, is that governments who provide a meritocratic channel for social advancement have legitimacy and popular support, and governments who do not provide one, do not.
10 October 2025
30 September 2025
From one piece Pavel Durov: Telegram, Freedom, Censorship, Money, Power & Human Nature | Lex Fridman Podcast #482 2 beliefs, in the piece's order there
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Their words
That's how you end up in an endless loop of ever-increasing taxes, ever-increasing regulation, which ultimately suffocates free market, free enterprise, and free speech. So, you do want to have very, very strict limitations on the extent the government can increase its powers at the expense of citizens.
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Their words
And I would rather lose everything I have than yield to this pressure because, if you submit to this pressure and agree with something that is fundamentally wrong and violates rights of other people as well, you become broken inside, you become a shell of your former self on a deep biological and spiritual level.
29 August 2025
15 August 2025
13 August 2025
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Their words
Another big misunderstanding, and a fundamental one, is that people somehow think that the state suppresses the private sector. It’s not at all as simple as that. For the most part, if we look at the local government’s incentive system, they want to help the best, private companies, which are the most promising, because it makes them look good.
16 July 2025
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Their words
So, you while we kind of saved the system a lot, we bailed a lot of people out, they made us pay 5 billion dollars on the more the bad mortgages that Bear Stearns had done. And that's what made me make the statement I wouldn't do it again.
27 May 2025
17 April 2025
14 April 2025
From one piece Tariffs, saving, and investment 2 beliefs, in the piece's order there
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Their words
But the spike in interest rates require to do this would be huge. And the trade shock will cause a sharp recession, or worse, putting even more stress on the budget. A debt crisis is likely along the way as the US finds it impossible to roll over debt.
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korrents.com
America borrowed cheaply from the world and spent it on consumption rather than investment, exactly as Greece did.Their words
In sum, spurred on by the federal government (in many ways), the US borrowed a huge amount from foreigners at very low rates, and went on a consumption binge. Sooner or later we have to pay it back, or we go though the wrenching adjustment of a debt crisis.
28 February 2025
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Their words
But the underlying ideology is familiar from Silicon Valley, Mark Zuckerberg's dictum to "move fast and break things" and replace the messily human with frictionless technology, built by elite engineers who are supposed to know better than anyone else.
19 February 2025
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Their words
Since signaling, not building human capital, is the main function of education, the main effect of government subsidies is credential inflation.
12 February 2025
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Usesaffiliate linkrcmnd.app
Interactive BrokersTheir words
mainly because of Interactive Broker's amazing "margin account" feature. This, when used very carefully makes it seamless to borrow cash against your own shares at some of the lowest rates on Earth
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Recommendsaffiliate linkrcmnd.app
You Need a Budget (YNAB)Their words
You Need a Budget (YNAB) is a simple to use (but sophisticated under the hood) bit of budgeting software that uses the principles of human habits and behavioral finance to make you more conscious and efficient in your spending.
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Recommendsaffiliate linkrcmnd.app
VanguardTheir words
For most of my investing life, Vanguard was THE one-stop shop for index funds of all types. They have the lowest expense ratio and the utmost respect for their customers.
3 February 2025
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Their words
FLOP is the vector that the government has cared about historically, but the other two vectors are arguably just as important. And especially when we come to this new paradigm, which the world is only just learning about over the last six months: reasoning.
2 February 2025
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Recommendsrcmnd.app
The House of GovernmentTheir words
Imagined Communities, Invisible Countries, The Origins of Political Order, How to Hide an Empire, The House of Government
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Recommendsrcmnd.app
Imagined CommunitiesTheir words
Imagined Communities, Invisible Countries, The Origins of Political Order, How to Hide an Empire, The House of Government
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Recommendsrcmnd.app
How to Hide an EmpireTheir words
Imagined Communities, Invisible Countries, The Origins of Political Order, How to Hide an Empire, The House of Government
+ 2 more
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Recommendsrcmnd.app
The Origins of Political OrderTheir words
Imagined Communities, Invisible Countries, The Origins of Political Order, How to Hide an Empire, The House of Government
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Recommendsrcmnd.app
Invisible CountriesTheir words
Imagined Communities, Invisible Countries, The Origins of Political Order, How to Hide an Empire, The House of Government
25 January 2025
20 January 2025
From one piece The Inaugural Address 2 beliefs · whitehouse.gov
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korrents.com
The inflation of the early 2020s was caused by government overspending and rising energy prices.Their words
The inflation crisis was caused by massive overspending and escalating energy prices, and that is why today I will also declare a national energy emergency.
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korrents.com
Federal efforts to restrict free expression in recent years were illegal and unconstitutional.Their words
After years and years of illegal and unconstitutional federal efforts to restrict free expression, I also will sign an executive order to immediately stop all government censorship and bring back free speech to America.
19 January 2025
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inflationimmigrationgovernment
Their words
And so my argument is, that has now opened the door to the presidency of Donald Trump, which is potentially a deeply transformative moment that will change the size and shape of government, that may change our foreign policy profoundly, that may change our immigration policy, that may change the demographics of our country, all of that, and my thesis is that that's all been made possible by inflation.
13 January 2025
From one piece PM speech on AI Opportunities Action Plan, 13 January 2025 2 beliefs · gov.uk
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korrents.com
On AI the state's job does not stop at safety; leaving everything else to the market is a mistake.Their words
We shouldn’t just focus on safety and leave the rest to the market… Government has a responsibility to make it work for working people…
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Their words
This is the global race of our lives. Now, some countries are going to make AI breakthroughs and export them… Others will end up buying those breakthroughs and importing them. The question is – which of those will Britain be? AI maker or AI taker?
8 January 2025
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korrents.com
The United States is not at risk of a financial crisis caused by the size of its government debt.Their words
Stabilizing factors such as the global demand for U.S. dollars and debt denominated in its own currency suggest an era of fiscal dominance in the U.S. that's less dramatic than alarmists predict but more persistent and intractable than optimists hope.
1 November 2024
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korrents.com
Government payments and benefits aimed at raising birth rates do not reverse the decline.Their words
Across the OECD, governments are upping their spending. But a wealth of research suggests these fail to mitigate the downward trend.
16 October 2024
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Their words
We cannot say that we are free if we allow our government to dictate to us what experiences we may or may not have in our inner consciousness, while doing no harm to others.
2 October 2024
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korrents.com
NASA's flagship programmes eat the budget of the robotic science missions that actually make the discoveries.Their words
SLS, like JWST before it, eats everything in its path, meanwhile NASA hasn’t sent a single mission to Venus since 1989.
10 August 2024
9 June 2024
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Their words
My hot take is that JS has the lowest bar of entry to building and being productive (a good thing) but one of the highest bars of any language and stack to building high quality, stable, and reliable software. Very few devs have the expertise to pull off the latter
23 May 2024
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Likedrcmnd.app
Niche ZeroTheir words
High quality, budget grinders were rare at the time. The Niche Zero and other new grinders changed that, and helped make it easier to pull good shots.
15 April 2024
29 March 2024
25 February 2024
20 February 2024
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korrents.com
An independently owned platform is a necessary counterweight to the government and the mainstream media.Their words
So having an independently owned powerful platform is very important for truth, for free speech, for hearing the other side of the story, for counterbalancing the power of the government.
23 January 2024
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Their words
The trouble with Xi Jinping is that he is 60 percent correct on all the problems he sees, while his government’s brute force solutions reliably worsen things.
1 December 2023
1 October 2023
From one piece GOAT: Who is the Greatest Economist of all Time and Why Does it Matter? 3 beliefs, in the piece's order there
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Their words
The truth is that moral hazard concerns very often are worse with government programs than with markets.
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Their words
In my own view, both markets and states are spontaneous orders, and government is not uniquely the product of “taxis” or “rationalist constructivism.”
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Their words
I am myself skeptical that there is a clearly defined notion of who “the right people” might be, and thus I am on public choice grounds far more skeptical of government than Keynes was.
14 July 2023
27 June 2023
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korrents.com
A threat loses First Amendment protection only if the speaker was at least reckless about it being taken as a threat.Their words
Now, finally, the Court has resolved the question: the First Amendment requires that, at a minimum, the government prove that a speaker was reckless about whether their statement would be interpreted as threatening.
6 June 2023
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Their words
It’s not exactly news that the American government’s support for biofuels increases food prices, intensifies global hunger and wastes taxpayer dollars.
A Climate Killer Disguised as a Climate Solutionmichaelgrunwald.substack.com
29 May 2023
10 December 2022
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Recommendsrcmnd.app
Chip War: The Fight for the World's Most Critical TechnologyTheir words
Chris Miller tells us the history of how microchips were developed, emphasizing the critical role of the government, and especially defense procurement.
22 November 2022
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Their words
the real goal was to make their users more legible, primarily for advertising purposes, but also to law enforcement and other authorities.
31 August 2022
1 June 2022
From one piece Fiscal Policy under Low Interest Rates 5 beliefs, in the piece's order there
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korrents.com
Quantitative rules are not a reliable tool for ensuring government debt sustainability.Their words
I am skeptical of the use of quantitative rules to ensure debt sustainability.
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Their words
The analysis in this chapter has shown that there is no such thing as a universal threshold over which debt becomes unsustainable, and that the relevant debt level depends on many factors, in particular the real interest rate on debt.
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Their words
assessing debt sustainability is as much art as it is science.
+ 2 more
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Their words
The proposition is that the cancellation of the bonds held by the central bank would decrease the amount of interest payments and thus the debt service of governments. And indeed, it would. But it would have another effect—namely, to decrease the revenues of the central bank and thus the profits that the central bank turns in to the government. This second effect would be exactly of the same size as the first, and the net effect on the government budget constraint would be equal to zero.
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Their words
A longer maturity of debt protects the government from a temporary increase in the short run interest rate, and it gives it more time to adjust to a permanent increase.
20 February 2022
1 January 2022
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Their words
It has displayed a stronger record of reform than any other developing country, as the leadership keeps pulling off politically-difficult tasks: shrinking the state sector, re-orienting the economy towards export-led growth after WTO accession, and so on.
25 November 2021
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Likedaffiliate linkrcmnd.app
Polar Vantage M2Their words
In some ways, it’s really a disservice to assume that because these are budget options that they’re somehow bad.
20 July 2021
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Their words
Rather: NSO’s genius is that they’ve done something that attackers were never incentivized to do in this past: democratize access to exploit technology.
A case against security nihilismblog.cryptographyengineering.com
1 August 2016
Nothing matches.
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