내가 좋아할 만한 콘텐츠
Finally, a policy centrist acknowledges what I've been saying for ~20 years: you're going to miss the libertarians once you're finished marginalising their principles from the political discourse. noahpinion.blog/p/i-owe-the-li…
Big week ahead! 🚀 Autonity core contributors are gathering in London for a week of workshops, collaboration, and ideation.💡Stay tuned for updates and some great new content as we get closer to the Mainnet Beta launch! 🌍 #Autonity #Derivatives #Innovation
𝗗𝗼𝗹𝗹𝗮𝗿 𝗮𝗹𝘁𝗲𝗿𝗻𝗮𝘁𝗶𝘃𝗲𝘀, 𝗱𝗶𝘀𝘁𝗿𝗶𝗯𝘂𝘁𝗶𝗼𝗻 𝗮𝗻𝗱 𝗺𝗮𝘀𝘀 𝗮𝗱𝗼𝗽𝘁𝗶𝗼𝗻 For all the western T-bill stablecoin operators and on-off ramp gateway founders I've chat with, they seem unaware that the overlap between USDT and USDC is less than 3%. So it's…
New Article: The Sweep and Force of Section Three, by Michael Stokes Paulsen and me, forthcoming @PennLRev papers.ssrn.com/sol3/papers.cf…
"Designers of CBDCs have foreclosed on this option, opting to continue levying a large, stealthy, regressive tax on their citizens. They have done so to protect banks and their own finance, both of whom have long benefited from this privilege." ft.com/content/7ad330…
"To the extent the Doomsters have impact, their net effect will be to place the national security types in charge, or at least to raise their influence. And how do they think that is going to work out (on their own terms)?"marginalrevolution.com/marginalrevolu…
Some AI doomers would risk nuclear war to stop large AI training runs. Can't figure out which is greater: (1) over-confidence in AI xrisk priors or (2) conservatism bias wrt nuke xrisk if u airstrike a nuclear power. time.com/6266923/ai-eli…
"Even if only half of uninsured depositors decide to withdraw, almost 190 banks are at a potential risk of impairment to insured depositors, with potentially $300 billion of insured deposits at risk." papers.ssrn.com/sol3/papers.cf…
Bagehot's Rule: "Lend freely against good collateral at a penalty rate" Powell's Rule: "Lend freely against overvalued collateral at the risk-free rate". Same rationale, very different long-term effects.
The Forecasting Research Institute now exists (I'm a co-founder). forecastingresearch.org Its mandate is to advance the science of forecasting for the public good--& is now hiring research and data analysts, content editors, and RAs. forecastingresearch.org/apply Please spread the word
“Panics do not destroy capital; they merely reveal the extent to which it has been previously destroyed by its betrayal into hopelessly unproductive works.” ~ John Stuart Mill
If Europe stopped importing Russian energy, what would happen? Energy exports (blue) pay for imports of goods (red) & services (orange). Without FX reserves to cushion the blow, imports would stop, recession would deepen massively & war in Ukraine would be far harder to sustain.
My dad personally helped over a dozen families migrate from Russia to Canada. In the last few days, many of them participated in pro-Ukraine rallies. The west should be taking every opportunity to help *more* Russians break ranks with Putin in any way, not less.
If there were deposits at the Bundesbank they are frozen now. That’s what has been decided. And the decision has been decisively supported by the President of the Bundesbank.
"..it is in the national interest of the United States to waive the application of sanctions on Nord Stream 2 AG.." Sec. Blinken 19 May 2021 state.gov/nord-stream-2-… "Today, I am sanctioning Nord Stream 2 AG.." Sec. Blinken 24 Feb 2022
We worked closely with Germany to stop the Nord Steam 2 pipeline. Germany has been a leader on efforts to respond to Russian aggression and announced strong actions yesterday. Today, I am sanctioning Nord Stream 2 AG, its CEO, and its corporate officers.
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