GMs plans for in-automobile content as a service; banks hit the wall; once again, full self-driving is near; I agree with Josh Marshall that there is unlikely to be any debt-ceiling negotiation...
I think that Shipper has left out the step after collecting the underpants.
OK, so you know Matt Levine's formula. It is "a few mini-essays reacting to finance news". Do *you* think you could beat Levine at his own game? Even knowing his formula? I know I couldn't, and, much as I am in awe of your talents, I am doubtful that you could either. There is more to Levine's success than *style*. He provides original insights! How is a LLM going to come up with "two theories of banking" if no one has ever written them down for it to read?
I'm a self-driving skeptic, but arguendo, let's say that self-driving is right around the corner. If *Tesla* can do it, then Pr=1 that several other companies can do it too. That's going to make the premium feature a little less premium. Worse: if Tesla can do it, then I would guess Pr=0.9 that some other company can do it first. How much cachet is there in a mini-me autonomous vehicle?
Dan Davies: Plumbing is not Architecture: True, true. Perhaps the reason why there is so much preoccupation with the plumbing is that an architecture is seldom altered. I'm thinking Glass-Steagall here. People want to just move on after doing minor plumbing repairs. Plus, the feedback effects of bad plumbing are usually not pretty -- literally too (lol!) -- and that's what people remember most.
Henry Farrell. "What I’d like in my ideal social media service is something different from both – somewhere a little closer to the middle of the indifference curve between community and self-exposure. It seems to me that one of the big tradeoffs of social media networks is between community and discovery." That's why Grasping Reality is a good place to be. I fully trust Brad will smackdown any Nazi-bar type of behavior as well as butt-pictures (yikes!) in the middle of monetary policy debates. Lol! No seriously: I expect to receive at least a slap on the wrist -- actually, a lot more than a slap -- for crossing those lines, perhaps even for less unreasonable behavior of a baboon.
I think that Shipper has left out the step after collecting the underpants.
OK, so you know Matt Levine's formula. It is "a few mini-essays reacting to finance news". Do *you* think you could beat Levine at his own game? Even knowing his formula? I know I couldn't, and, much as I am in awe of your talents, I am doubtful that you could either. There is more to Levine's success than *style*. He provides original insights! How is a LLM going to come up with "two theories of banking" if no one has ever written them down for it to read?
I'm a self-driving skeptic, but arguendo, let's say that self-driving is right around the corner. If *Tesla* can do it, then Pr=1 that several other companies can do it too. That's going to make the premium feature a little less premium. Worse: if Tesla can do it, then I would guess Pr=0.9 that some other company can do it first. How much cachet is there in a mini-me autonomous vehicle?
Bank Failures: What a fantastic graphic! Especially for a gardener-economist.
John Marshall: I say mint the coin. A debt by any other name... just don’t spend it!
Dan Davies: Plumbing is not Architecture: True, true. Perhaps the reason why there is so much preoccupation with the plumbing is that an architecture is seldom altered. I'm thinking Glass-Steagall here. People want to just move on after doing minor plumbing repairs. Plus, the feedback effects of bad plumbing are usually not pretty -- literally too (lol!) -- and that's what people remember most.
Henry Farrell. "What I’d like in my ideal social media service is something different from both – somewhere a little closer to the middle of the indifference curve between community and self-exposure. It seems to me that one of the big tradeoffs of social media networks is between community and discovery." That's why Grasping Reality is a good place to be. I fully trust Brad will smackdown any Nazi-bar type of behavior as well as butt-pictures (yikes!) in the middle of monetary policy debates. Lol! No seriously: I expect to receive at least a slap on the wrist -- actually, a lot more than a slap -- for crossing those lines, perhaps even for less unreasonable behavior of a baboon.