Yes: Always good to catch up
then we trained another AI to justify the data
Just to be clear, Boris Johnson is nothing like Steve Jobs http://
The people I admire are mostly moving in spirals, guided by curiosity, poking their heads into things at odd angles, and reporting back with offerings. Often they’re taking the time to think about their values and then embody them through practice. I say “practice” instead of “action” because the latter still feels too close to…the other thing. Most importantly, they’re all in constellation with (and inextricable from) a web of other people who are thinking, wondering, helping, and connecting, too. And so it feels disrespectful to label them as “heroic”.
As Le Guin says:
[…] it’s clear that the Hero does not look well in this bag. He needs a stage or a pedestal or a pinnacle. You put him in a bag and he looks like a rabbit, like a potato.
This combination of words (rabbit/potato) makes me laugh every time.
For inflation to happen in the wake of the stimulus, the spending would have to lead to too much money chasing not enough goods. Blyth gives some pretty good reasons to be skeptical that this will happen.
Start with the wealthy: they don't spend much, relative to their income. Their consumption needs are already met (that's what it means to be rich). You can only own so many Sub-Zero fridges, and even after you fill them with kobe beef and Veuve Cliquot, you're still rich.
What rich people do with extra money is speculate. That's why top-level giveaways generate socially useless, destructive asset bubbles. Remember, these aren't inflation, which is good, because everyone agrees that inflation is hard to stop once it gets going.
They're speculative bubbles. We have a much better idea of how to prevent bubbles: transaction taxes, hikes to the capital gains tax, and high marginal tax rates at the top bracket.