Everything net
Everything relevant to the thought
... Communicating via multiple attentions is more effective in getting your point across because it creates for a more memorable moment. For example, combining physical, auditory, and humorous delivery. ...
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... The authors here show that readiness to cooperate between individuals from different groups corresponds to the degree of cultural similarity between those groups. This is consistent with the theory of Cultural Group Selection as an explanation for the rise of human large-scale cooperation. ...
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... So, a bit about market expectations of inflation. Right now, the yield on one-year inflation-protected Treasuries is -3.2% 1/ https://t.co/fl2zU5H36X The one-year rate on ordinary Treasuries is 0.48%. ...
... So implied expected inflation for the next year is about 3.7% (which may be a bit low, but the accuracy isn't my current point) 2/ https://t.co/xXrXQXjxQV If we look at expected 5-year inflation, it's a lot lower — about 2.8% 3/ https://t.co/YzgVNlVhng If you do the arithmetic, this says that the bond ...
... But they may offer some evidence on whether a wage-price spiral is likely 5/ Other surveys, for example, of planned compensation also show no sign of a spiral; nor is there any indication of expectation-driven price or wage increases in the Fed's latest Beige Book 6/ https://t.co/wxyF4CUUab Again, ...
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... As inflation persists, progressive politicians and the Biden administration have been condemning corporations for abusing their market power to raise prices — leading to a barrage of criticism from center-left economists and commentators. ...
... In fact, I see no hint that we'll see anything even as aggressive as JFK's (successful) jawboning on steel prices 5/ https://t.co/hlwGcMy3kq So why come down so hard on rhetoric that won't do any economic harm and might do (a bit of) good? ...
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... But that cheap credit hasn’t actually created any real resources, so you end up with increased spending on both capital and consumer goods. As a result, inflation starts to inch up, and central banks are forced to raise interest rates to cool things off. ...
... In the Austrian theory, a recession is a process of resource re-allocation from capital-intensive to capital-light industries. Society needs to produce fewer factories and machine tools and more beer and pairs of pants (or whatever). ...
... Instead of re-allocating workers and other resources from home building to other sectors, you suddenly had almost every industry laying off workers—even ones that were not capital intensive and did not see strong growth in the 2000s. ...
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... The use of "owner's equivalent rent" to measure housing costs is easily the CPI component that gets the most attention from skeptics of official inflation statistics. ...
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... I expect to do a bit more of this in 2022. Our subscription revenues aren't yet close replacing my Ars salary. My wife earns enough as a physician that I can take a big pay cut without a big financial hardship for our family. I'm very lucky. ...
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... Group discussions, online communities, and coffee shop conversations are traditional ways for participants to exchange ideas. Ideas are usually freely bouncing around between participants. ...
... Ideas exchanged in such forms usually require a significant amount of later work (usually by a single individual) to be [organized into narrative structures](https://www.themind.net/observations/AfHZZXnNQmaVukmQ2I7EAw) that be easily consumed. ...
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... Group conversations, online communities, and coffee shop conversations have been great for exchanging ideas, but these forms usually lack organization and structure. ...
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... More specifically, a network of ideas, thoughts, propositions, observations, things that live in our minds. Imagine we can connect things in our minds with things in other people's minds. ...
... As explained by the book "Where Good Ideas Come From: The Natural History of Innovation", being able to make connections between ideas in different minds has been critical for human innovations. ...
... To date, such connections are made through reading publications, which are very formal, linearly structured, and unilateral, or through conversations, which are casual, divergent, and rarely structured. ...
... Imagine if we have a medium that is specifically designed to facilitate connections between ideas in different minds. This medium is structured but allows easy divergence, multilateral and asynchronous. ...
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... It takes non-trivial effort and determination to organize ideas in a narrative way. ...
... Be it books, articles, or lectures, a lot fewer people can afford the energy and time to create them than the people who have ideas (and just publish them without much organization on micro-blogging platforms. ) But this is the most effective way to convey a group of ideas. ...
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... The brain uses a mental language to represent and organize complex ideas and concepts. This mental language is thought to be distinct from natural languages like English or Spanish, and it is believed to be the medium through which we think and process information. ...
... According to the LOTH, the structure and content of this mental language are shaped by the structure and content of the natural languages that we learn, but it is not identical to any one natural language. ...
... Instead, it is thought to be a universal language that is used by all humans to represent and process complex ideas. Link: https://plato.stanford.edu/entries/language-thought/ ...
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... This [Twitter conversation](https://twitter.com/yudapearl/status/1495128028443074561?t=E66IfwHivO5BIu3qT1dEyg&s=19) showed how difficult to actually having a group discussion on an expansive topic. I believe that the mind net can organize such interaction of ideas much better. ...
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... The relationships between these categories of thoughts are fixed. In another sentence, there is an algebra in these elements of thoughts. ...
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... Anyone who enjoys coming up with ideas, learning ideas and bouncing ideas. ...
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