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The response was along the lines of "you can get studies that say anything".
I love that approach in general, because then you can't know shit and should be very humble about every odd thing, including the very thing you're aggressively trying to debunk. Also, what's your source of knowledge/wisdom/basic standing ground if all studies are intrinisically wacky/crap/unbelievable
But yes, beef has gotten way more expensive, damn it.
don't measure it in sats... have fun, staying poor! amirite
for 1. I don't know, honestly, never looked into that but it's an interesting angle I guess?
for 2. SORRY those are my words, the finish of my review of the book.
I don't see why I should treat capitalism as distinct in kind from cave people trading flutes with cave people who live across the valley
Yea, me neither. Cuz it was only "feeble" or "mundane"? And the scale is small, trading network microscopic compared to the long, large paths of cotton or ivory or silk
Interesting take that Saylor's buying is this massive recycling of old coins... His waving massive buying power brings out OG coins that wouldn't have sold otherwise.
Intriguing. What happens first, OGs run out and price moons, or Saylor eats all the bitcoin, now valued at $0?
If you're seeing several 6-sigma events in a week, you're working in the wrong model. Or, alternatively, you're an idiot (Taleb would say "imbecile")
David Viniar and his "25-sigma events several days in a row" sends his regards.
The rat race of modernity broke up the multi-generational household, dual income no kids or having kids later in life, leaving older folks no purpose, just to become a cost to the family in an assisted living facility.
this. 100%
But with the number of people that absolutely cannot take care of themselves - and the many more that are coming, with boomers getting older - something will have to give.
precisely.
so he can say "trade intensified" while when what actually happened is that the presence of trade (= useful outlet for additional e.g., crops) changed incentives, and then farmers etc choose differently.
In a micro setting that change happens gradually, but from the purview of a historian a millennium later, the [add foreign trade] and [harder/better farm work] is going to look like they occurred at the same time.
Perhaps that granularity/zoom-in vs zoom-out is why presents the causality upside down?
More in-depth comment not being on the fly:
obvs the boomer class warfare is a little facetious. Re: the role of the elderly and keeping people along for no good reason, less so.
We've lost generational purpose in most of the West, especially and particularly under welfare states with individualistic provision of care. Without purpose and benefit to society, a lot of boomers are/will be like this: existing in a questionable state, with nobody to care for them, and no obvious purpose to fulfill.
Maintaining them alive costs resources: We spend the majority of healthcare spending in the last six months of (already pretty elderly) people's lives. The upside is very minor, very symbolic, and in this case (not knowing the exact deets of course) not at all.
Seems silly to wait for them to do it... just look at price as validation of the idea/thesis. We are not winning