Art Goldhammer & the relative autonomy of the state; peak carbon; Microsoft GPT mojo; Ukraine's struggle; Pinecone, Ben Thompson, SK Ventures...
"How unfortunate that this false and deadly narrative was assiduously supported in the pages of The Nation and Jacobin. The sooner we can get rid of it, the better…"
Of course the Putinist bullshit would be supported by the Moron Left. Let's recall Jill Stein also attending Putin's dinner in 2016 and sitting at his table next to Michael Flynn. And the ever-more-moronic Susan Sarandon saying that Trump defeating Hillary Clinton in 2016 would "speed the revolution" - the same claim made by the German Communists in 1932-33 as they campaigned against the Social Democratic alternative to Hitler as a "Social Fascist" and claimed a Nazi victory would "speed the revolution." We all know how that one turned out. There's the Left and the Moron Left, and it's important to learn the difference.
Winkler: Yes, but it risked causing a recession by delaying by about 6 month of instrument setting to achieve FIAT and the risk has not evaporated.
Gongloff: Florida is the poster child for the need of forward looking disaster insurance rate setting reform.
Levine: All the more reason not to take on (and for regulators not to have allowed taking one) humungous interest rate mismatch risk.
Just a thought. Many who are currently producing AI (Augmented Inference engines) are not very sentient. Many people live in very logic focused brains. Are they sentient the same way as people who are in touch with their emotions and the world outside? I don't believe so.
The products of generative AI will separate the experiential souls from the logical souls.
Or the logical souls will generate so much crap in the name of "progress" and "corporate freedom" that the experiential souls will have no where to escape to.
Thank you for sharing as I wouldn't have been aware without your reference which is unsettling to say the least and thank you for the ``very briefly noted'' recent column on the Fed, except my middle initial is A (for Adam) not T.
Goldhammer: The key error was that “neoliberalism” became associated with/captured by the tax cuts and deficits crowd. This not only made grow slower and less equitable, but, in the US, overvaluing the exchange rate and poisoning globalization, “thereby triggering a populist and xenophobic backlash while polarizing previously consensual political systems and weakening resistance to authoritarian demagogues.”
Of course, most of the stimulus to globalization was technology: lower cost of transporting goods and information (and low skilled immigrants) across oceans AND less inward-looking policies in many developing countries, especially China. These would have posed problems for social democracies even without the tax cuts and deficits.
I do not doubt you are right but it would be useful if you could give more factual details.
That CO2 emissions/capita are down, even have peaked, is irrelevant, by itself, to climate change. The important number is total emissions.
CO2 emissions chart is just US, right? How do we get the rest of the world adopt net taxation of CO2 emissions when we haven't?