Paul Krugman:
The Hill:NEW!"a mind is not really a house, but's a close alternative, sort of an alt-house"
Paul Krugman:
The Hill:NEW!"... on their perceived trustworthiness. In which case, what is the point? Why should an industry that at best has simply reinvented conventional banking have any fundamental value? Furthermore, trust in conventional financial institutions rests in part on validation by Uncle Sam: The government supervises banks, regulates the risks they can take and guarantees many deposits, while crypto operates largely without oversight. So investors must rely on the honesty and competence of entrepreneurs; when they offer exceptionally good deals, investors must believe not just in their competence but in their genius. How has that been working out?"
Writes Paul Krugman in "Is This the End Game for Crypto?" (NYT).
Comments need to address the substance of the argument.
I was commenting in off-blog life, so I can't prove to you that I'd noticed the absence of this particular thing. It's hard to notice all the things that are not being talked about. And sometimes you just notice if the talk resumes.
But I did talk about it yesterday, and the topic has resumed. The NYT has: "95-Square-Foot Tokyo Apartment: ‘I Wouldn’t Live Anywhere Else’/Meet the young Japanese who have decided to live in a shoe box."
Said Paul Krugman, quoted in "NY Times columnist Paul Krugman blasted for touting ‘Biden boom’" (NY Post).
"Fear of infection or lack of child care kept some workers home, where they discovered that the financial rewards of their jobs weren’t enough to compensate for the costs of commuting and the unpleasantness of their work environment. Older workers, forced into unemployment, decided that they might as well take early retirement. And so on."
That's the myth of "the great resignation," recounted by Paul Krugman in "What Ever Happened to the Great Resignation?" (NYT).
Krugman shows that the great resignation did not happen and observes that's a reason for 1. higher interest rates and 2. more immigration.
CNN’s @brianstelter: People trusting Joe Rogan over “newsrooms like CNN” are “a problem that’s much bigger than Spotify” pic.twitter.com/3RnifScIzk
— Tom Elliott (@tomselliott) February 1, 2022
Background: "CNN praises Dr. Sanjay Gupta for interview with Joe Rogan, buries viral moments/Gupta admitted his CNN colleagues should not have referred to Rogan's COVID treatment as 'horse dewormer'" (NY Post, October 15, 2021). That's something I blogged at the time, here: "In trying to present Sanjay Gupta as a science-is-real hero for talking to Joe Rogan for 3 hours, CNN laid the groundwork for fact-checkers to draw attention to all the most damaging omissions."
ADDED: Writing this post and searching my own archive for Sanjay Gupta, I turned up a post from January 7, 2009, when President-Elect Obama was considering Gupta for the position of Surgeon General. There was debate at the time about the way Gupta had treated the filmmaker Michael Moore about his movie "Sicko."
Trump has turned the usual GOP dog whistle in a Tornado Siren. Blaring, omnipresent and undeniable. The Party Of, by and for White Males, with their stepford wives and perfect blue eyed children. That’s the myth, and the aspiration. Join us !A wild fever dream from Wichita — replete with random capitalization, "irregardless," and raging contempt for white people. What's up with Kansas? I love the inclusion of the "Tornado Siren." Makes me want to conjure up some "Wizard of Oz" jokes. Maybe something with Toto and a Dalmation....
Except Johnny starts fires, bullies younger kids and has started stealing pain pills from relatives homes. And Sally has dreams of a glamorous life as a FOX spokesmodel, the epitome of GOP womanhood, before aging out. At 30. But, she’ll find a rich Husband before that, no problem.
Professor, to the very, very large majority of the GOP, not white people are an afterthought, at best. Takers, Moochers, Lazy, irresponsible, criminal, blah, blah blah.
Dream on, GOP. Your time is nearly done. You won’t be able to WIN, irregardless of vast and inventive Cheating.
Trump is your Epitaph. You own Him.
1986 P. B. Clarke Black Paradise vi. 81 Rastafarians also present themselves..as a chosen race, along the same lines as the Jews; this, some may argue, is simply a sacralized form of racism.If Republicans have sacralized selfishness, what have Democrats sacralized?
In [a 1993 essay], Krugman reflects on his approach to academic research and emphasizes his facility with simple mathematical models that necessarily incorporated “obviously unrealistic assumptions.” For example, his work on trade theory, which helped win him the Nobel Prize, assumed countries of precisely equal economic size. “Why, people will ask, should they be interested in a model with such silly assumptions?” Krugman writes. The answer, as he tells us, is that minimalism yielded insight. His contribution to economics, in his own estimation, was “ridiculous simplicity.”
I've seen a lot in my life - stuff I hope others don't.
— Mike Cernovich (@Cernovich) January 8, 2020
Rarely am I in AWE.....
and BEWILDERED
This tweet.....
I can't stop looking at it.
It makes absolutely no sense to make something like this public. https://t.co/K7HdJDHITP
“People like Paul Krugman were saying that when Trump gets in, the economy is going to tank. No. The economy hit new highs. There are so many people, especially among the intelligentsia, who are absolutely immune to facts.” pic.twitter.com/NC7aL5X9jU
— Thomas Sowell (@ThomasSowell) November 5, 2019
In a literal sense, it’s true that the protesters didn’t get checks, because as far as anyone knows they had not expected any payment. But Trump’s tweet seems to be an elaboration on the original fiction, rather than a retraction of it. As best we can discern, he’s saying the imaginary benefactors of imaginary paid protesters have skipped out on their imaginary obligations and left the imaginary paid protesters with imaginary unpaid wages.Some Trumpsters theorized that Trump deliberately said something wrong to trick some protesters into admitting that they did get paid. But "the dominant theory" is that Trump heard Asra Nomani, a guest on “Fox & Friends,” say, "People have sent me lots of messages that they’re waiting for their check." Later, she said it was sarcasm, but whether it was a joke or not, Trump apparently didn't think it was a joke.
It’s a weirdly specific scenario to conjure out of thin air. We can’t even find any fake news articles to support it....