California and Aggregate Demand.
How the IMF is trying to kneecap crypto.
Crypto Reading List
Joe Rogan helped "The Terminal List" go parabolic.
"I'm not sure what 2010 will look like, but I'm sure that it will be very little like we expect so we should plan accordingly."
Econ 101 Pop Quiz.
The Fed and the pesky Phillips Curve
Would Americans fight an invading force?
Make your ticket process as simple as possible.
Anatoly and Gün on L2s.
Spans, Traces and OpenTelemetry!
European energy market, meet reality.
Fidelity argues Bitcoin is fundamentally different from every other digital asset and it is best thought of as a non-sovereign monetary good.
Will Calendly get distribution before Google gets innovation?
YOLO trades, Robinhood, and a microcosm into how tech is covered in 2021.
Rest in peace, Virgil.
China, America and the AI race.
If you hear the phrase "scientific consensus" reach for your wallet because you're being had.
Great interview in which Franklin Foer [https://web.archive.org/web/20210908155607/https://en.wikipedia.org/wiki/Franklin_Foer] interviews Simon Kuper [https://web.archive.org/web/20210905080934/https://en.wikipedia.org/wiki/Simon_Kuper] about his new book 'The Barcelona Complex' in which he discusses the rise and fall
What's the state of reading technology? In this article we'll explore.
Lies, dammed lies, and statistics. Florida style.
Israeli pre-print presents evidence that if you got COVID and survived, you have stronger immunity against Delta than those who were simply vaccinated.
To have fire, you need oxygen, fuel and heat. To have a bubble, you need marketability, money/credit and rampant speculation.
Online-merge-offline (OMO) is here, it's just not evenly distributed.
Zeroism here. Zeroism there. Zeroism everywhere?
My productivity app: a Quip file with 3 sections: To-Do, Schedule, and Notes
Today, I'm about to learn y'all how @stalekraker's cajun cooking videos launched him into internet superstardom. Let's get it, dude!!
"Pasta Grannies" is a great way to understand 1) the unique content that YouTube helps unlock and 2) how the attention economy currently monetizes.
> Since Facebook has a monopoly on social media, naturally, that’s where you posted this message so that people would read it? — Alex Danco (@Alex_Danco) June 30, 2021 [https://twitter.com/Alex_Danco/status/1410324189945511943?ref_src=twsrc%5Etfw]
In one of the most interesting product launches [https://web.archive.org/web/20210629142841if_/https://copilot.github.com/] I've seen in a long time, GitHub is partnering with OpenAI to launch an AI pair programmer which is a VS Code extension that suggests lines of code, functions, and even tests.
February 2021: Credit Suisse wins Risk.net's Risk Innovation of the Year award. April 2021: Credit Suisse loses $5.5bn due to risk oversights in their exposure to Archegos Capital.
Celebrities realized that on Instagram they could post to an audience potentially much larger than the circulation of any pop culture magazine and essentially disintermediated the legacy media.
Properly understood, "platform risk" is the risk that you incur when you build on top of rails that you believe to be credibly neutral.
In 1979 antrax escaped a lab in Russia and killed 66 people. The official story? That people had eaten tainted meat. Fast forward 41 years, and a novel coronavirus shows up in Wuhan, China. The story? Tainted meat from bats. ¯\_(ツ)_/¯
Oregon is the third state that legalizes human composting and the Sierra Club rejoices that now you can use your loved ones as soil for your garden. The circle of life indeed.
A math problem is the worst CAPTCHA ever.
From the WSJ [https://web.archive.org/web/2/https://www.wsj.com/articles/overdraft-fees-are-getting-the-boot-at-ally-financial-11622631600] : > Customers who overdraw their accounts will no longer face a $\(25\) penalty, the bank said Wednesday. The change applies to the roughly 3.6 million checking, savings and money-market accounts at Ally’s online bank.
A pencil is made of cedar, graphite, factice, and wood. How these raw elements come together into a pencil is a testament to the power of the prices to provide dispersed knowledge which forms the basis of cooperation without coercion.
Review of "How to Share a Secret", Adi Shamir's famous paper which asks "How do you divide data D into n pieces in such a way that D is easily reconstructable from any k pieces, but even complete knowledge of k - 1 pieces reveals absolutely no information about D."
Fiscal Stimulus by Country as % of 2019 GDP [https://web.archive.org/web/20210424193516/https://www.moodysanalytics.com/-/media/article/2021/economic-assessment-of-biden-fiscal-rescue-package.pdf]
> When cloud formations take physical shape, neither their scale nor duration has an upper bound: We may begin to see cloud towns, then cloud cities, and ultimately cloud countries. At first this sounds rather implausible. Perhaps the internet will spur a wave of internal migrations as online communities begin gathering
> "There are two fundamental insights at the heart of economics. The first is that people respond to incentives. Obvious opportunities to be better off are rarely left unexploited. The second is that every economic transaction has two sides: each side gets something and each side gives up something." – Paul Krugman
In any F1 race, the key is tuning the car for the optimal balance of power and drag.
Want a simple heuristic to gague whether we have persistent inflation? Look no further than the price of the $1.50 Costco Hot Dog combo.
In 2011, Steve Jobs famously met with Drew Houston in a bid to acquire the company. After Houston responded that they were really enjoying building the company, Jobs trolled Houston and claimed they were a feature rather than a product: > "And so he started trolling us a little bit, saying
You made the "worst strategic mistake" that any software company can make and decided to rewrite your application. Now what?
Theory The goals of the European Union are [https://web.archive.org/web/2/https://europa.eu/european-union/about-eu/eu-in-brief_en#:~:text=The%2520goals%2520of%2520the%2520European,and%2520justice%2520without%2520internal%2520borders] : * promote peace, its values and the well-being of its citizens * offer freedom, security and justice without internal borders
20 years ago, Joel Spolsky claimed the single worst strategic mistake that any software company can make is deciding to rewrite code from scratch. Fast forward 20 years and it's still a terrible idea.
Moderna and Pfizer break into the Harris Poll's Top-10 corporate reputation rankings.
Did COVID naturally emerge or was there a lab leak? I compile a timeline of who was saying what, when.
While re-reading some of Chairman Jerome Powell's March comments downplaying concerns about inflation I couldn't help but recall Ben Bernanke's 2007 comments about the subprime housing market. Jerome Powell on Expected Inflation > “We do expect that inflation will move up over the course of this year...Our best view is
The simplest way of reasoning about a stablecoin is to understand the design decisions around centralization and collateralization.
Today, there's a lot of discussion about Web3 [https://books.google.com/ngrams/graph?content=web3%2Cweb2&year_start=1990&year_end=2019&corpus=26&smoothing=3#] and how it's possible to build a decentralized internet which breaks from the " surveillance capitalism [https://www.econtalk.org/shoshana-zuboff-on-surveillance-capitalism/]" that we saw
There is now a serious attempt to bring a second language to the Linux kernel and earlier this month Miguel Ojeda put up an RFC [https://lkml.org/lkml/2021/4/14/1023] for adding Rust to the Linux kernel and the Google Security Team mentioned [https://security.googleblog.com/
Back in 2015, Don McLean auctioned his handwritten lyrics [https://web.archive.org/web/20210401104403/https://www.bbc.com/news/entertainment-arts-32208584] to 'American Pie'. The 16-page draft – which divulged the true meaning of the song – ended up selling for $1.2mm [https://www.christies.com/lot/lot-don-mclean-the-complete-working-manuscript-5885030/?from=salesummary&intObjectID=
These days, when you hear the name “Benjamin Franklin” you are more likely to think of $100 bills [http://en.wikipedia.org/wiki/It%27s_All_About_the_Benjamins], rather than the genial Founding Father whose image adorns the front of those bills. Indeed, this is what prompted me to
My name is Andrew Thappa. Welcome to my blog! As you might imagine, I'm going to write things and post them on this site. The obvious follow-up is what will I be writing about, and it turns out there are a couple different perspectives on this. On the one hand,
In this book, Vardy pursues a simple question: Why are we so bad at following through with the projects we think are important, and what can we do to get better.
"By and large I think what we are going to see is that communications as human interactions are going to be digitalized to a degree that we can't even imagine yet."
Interesting links (October 2017)