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Curious your slouching take on the interview with Herman Daly in today's NYT:

"Growth is the be-all and end-all of mainstream economic and political thinking. Without a continually rising G.D.P., we’re told, we risk social instability, declining standards of living and pretty much any hope of progress. But what about the counterintuitive possibility that our current pursuit of growth, rabid as it is and causing such great ecological harm, might be incurring more costs than gains? That possibility — that prioritizing growth is ultimately a losing game — is one that the lauded economist Herman Daly..."

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"And they engage in complicated symbolic interactions that have the emergent effect of distributing status and power and coordinating the seven-billion person division of labor of today’s economy."

My favourite definition of government ever. I may have to get this on a mug or something.

(As a UK civil servant this past week the complicated symbolic interactions have been *interesting*, in ways that remind you why we should all strive to be as boring as possible.)

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I wonder why we do not start actively recruiting highly skilled and talented (mainly young) people to come here to study and work. Is Biden pushing against the legal limits of H1B visas?

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"the Federal Reserve realised that it was out of firepower "

No, it just did not want to use the firepower (QE) it had. And to this day we still do not know why.

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"We’re Getting an Omicron-Optimized Booster Many Months too Late"

Let's put this in the worst possible way. Under Trump we got vaccines optimized for the most common disease variant in 10 months. Under Biden we got one booster optimized for and extinct variant in 16 months. And no explanation of why!

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