Dismal BREXIT results scorecard; Martin Wolf despairs at broken British economic growth; I may be Chair of UC Berkeley’s Library Committee next year; moral fault attaches to the honchos of the “New...
Coyle: Tell me more but for the moment can we just collet a lot more revenue from them?
‘Francis: “Neoliberal” reforms like tight budgets focused on investment, accommodative monetary policy, and a devalued exchange rate to promote exports? [In other words, the kind of policy Sunak ought to have. 😊]
Gantz: He does not seem to have come across the argument about chronic deficits overvaluing the exchange rate/harming manufacturing. That was Perot’s issue.
Scaggs: Imagine if those profits were being imputed to shareholders' progressive consumption tax! Why with reasonable rates, we could close the non-SS/Medicare deficit. The VAT that replaces the wage tax would eliminate that part of the deficit.
Haldane: Falling deficits are prudent if achieve through increased taxes that mainly hit consumption. Reducing deficits by reducing investment are not. Sorry, but expenditures according to NPV>0 still makes sense.
Per: "AI chip demand will eventually normalize once the initial training build has been completed…. Inference… require[s] less computing power than the training phase." - This seems to assume that the current version of AI is an end version. It is not even close. What we have is an un-intelligent averaging tool. Intelligent, creative, thinking AI is in the future, and will make even more demands on computing power.
I always wondered what happened to Argentina and, to a lesser extent, Uruguay. They were doing very well until World War II, then they fell off the charts.
"Thereby is again proved distinctly the old truth, that dictatorship is better able to wage war than democracy."
What a bizarre canard! Democracies have uniformly curb stomped fascism whenever the two have fought. But good luck avoiding the Library Committee.
Coyle: Tell me more but for the moment can we just collet a lot more revenue from them?
‘Francis: “Neoliberal” reforms like tight budgets focused on investment, accommodative monetary policy, and a devalued exchange rate to promote exports? [In other words, the kind of policy Sunak ought to have. 😊]
Gantz: He does not seem to have come across the argument about chronic deficits overvaluing the exchange rate/harming manufacturing. That was Perot’s issue.
Scaggs: Imagine if those profits were being imputed to shareholders' progressive consumption tax! Why with reasonable rates, we could close the non-SS/Medicare deficit. The VAT that replaces the wage tax would eliminate that part of the deficit.
Haldane: Falling deficits are prudent if achieve through increased taxes that mainly hit consumption. Reducing deficits by reducing investment are not. Sorry, but expenditures according to NPV>0 still makes sense.
The biographies of men brought down well before their time are decorated with "should the opportunity arise"
Run. Run like the wind....
Per: "AI chip demand will eventually normalize once the initial training build has been completed…. Inference… require[s] less computing power than the training phase." - This seems to assume that the current version of AI is an end version. It is not even close. What we have is an un-intelligent averaging tool. Intelligent, creative, thinking AI is in the future, and will make even more demands on computing power.
I always wondered what happened to Argentina and, to a lesser extent, Uruguay. They were doing very well until World War II, then they fell off the charts.