It was just a random thought. Having peaceful neighbors, unlimited oil and gas money, being totally insulated from any negative consequences of energy price shocks (bc nobody uses gas cars and they get basically all their electricity from cheap hydro), etc. I'm so jealous.
Norway's gotta be the luckiest country on earth
have you looked at hetzner *auctions* specifically?
Maybe true, but Ryanair is so much smarter about boarding.
In a sense.
This is like the opposite of that “lucky 10,000” XKCD comic.
what's with the thing the body does where it makes you feel really tired...until the second you lie down, and you feel awake again
That falls under the monetary part.
Happy birthday!!
Masley could be the least credible man on Earth, and it wouldn't matter because anyone who can read can check his claims.
The claims hold up.
You do not have to trust him whatsoever. Both Masley and Jordan have made falsifiable claims, so you can just try to falsify either of their claims to see who is right.
It is really easy to do.
I feel like I'm losing my mind. Why are we acting like it's one person's word against another's?
This is not a serious response to well-founded critique.
It's temporary, dw 😎
i don't have EA in my bio and many people here already know what i do for work, so i will once again point out that his videos are very bad
bsky.app/profile/foxe...
broke: masley is wrong, and here are concrete reasons why
woke: masley is not trustworthy on the subject because wrote a lot about it
bespoke: you should ignore masley because he dislikes malaria
Maybe just maybe if the international community developed half an iota of spine and imposed the basic kind of consequences onto Israel then this level of impunity would not have developed and perhaps then those concerned about antisemitism wouldn't have to contend with these daily images.
For context, extrapolate from the pre-NIRA recovery curve (expected growth) vs. the post-NIRA recovery curve. 10% sounds like a lot until you realize we should've been pretty much completely done with the Depression that year.
Or look at output figures.
- This very funny paper www.nber.org/system/files... (tl;dr: the New Deal, in effect, exacerbated the worst things Hoover did w/rt breaking labor markets)
- leeohanian.com/Great%20Depr... (very readable & covers a bunch!)
- leeohanian.com/New%20Deal%2...
1933, a year when the economy should have grown substantially. Instead, it didn't. And it did not for *years* thereafter.
I think this oversimplifies. Post-Friedman, we have the data to say monetary factors *set off* the Depression. We also know the biggest factors related to its length.
The disagreement is about *precise* contributions of e.g. cartelization vs. weak credit markets. See e.g. Bernanke's 2025 reflection
Hence "would've"
Aside: That is not that true (though it was mostly offset by Hoover's austerity)
Not in this case! Friedman doesn't adequately explain why the Depression lasted as long as it did, only why it started and one way it might've been ended sooner.
This doesn't make sense in the monetary environment of the time: extra spending would've easily just crowded out other spending.
I think Cole & Ohanian 2004 is probably the most influential publication of the last few decades & closest to consensus: leeohanian.com/New%20Deal%2...
Like there is actually an insane amount of economic literature on the Great Depression and the recovery from it and it does not paint the New Deal in a good light.
You can talk about how e.g. Social Security was great at reducing elder poverty, but rural subsidies alone have set us back so far.
There is not only basically no evidence for this, pretty much any attempt to model the total impact of the New Deal will find that it was pretty catastrophic for economic growth.
We were on track for a recovery by 1936!
Folks, infrasound issues are fake. This was truly an insane experience to write and I hope you enjoy blog.andymasley.com/p/contra-ben...
many are saying! bsky.app/profile/foxe...
Java fixes this by creating, for example, a class for representing ints named Integers, and automatically converts (in some cases) between the two.
So you'll find those weird "boxed"/wrapper classes all over the place in Java.
Non-reified generics have other problems, but that is the big one.
Generics in Java are not real. Types get erased* at build time. So a generic List class actually gets converted into a List class that takes "Object"s.
This works surprisingly well...except for the fact that it means you can't create a list that stores non-object types, like numbers.
(*: mostly)