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Yup. Your last point on inflation could dovetail with the increased employment "crazy thesis" I suggested. A bull labor market would flood a lot of the QE cash

by api 10y ago

Yup. Your last point on inflation could dovetail with the increased employment "crazy thesis" I suggested. A bull labor market would flood a lot of the QE cash on the sidelines into the economy. Another factor would be the emergence of an "organized labor 2.0" that uses the Internet to coordinate... like think Uber meets AFL-CIO and powered by game theory and deep learning. Bull labor markets are highly inflationary. - On the Apple "polished closed silo" model: The conventional wisdom is that UX is everything. But a new generation or two is growing up today that is "digital native" and has grown up using computers of every kind. Might this generation of digital natives actually have less need for super-polished UI/UX hand-holding and inversely a greater desire for the increased freedom and versatility that comes with a more heterogenous open environment? Anyway this is all a tangent with nothing to do with the original post. :)

danieltillett 10y ago
>Anyway this is all a tangent with nothing to do with the original post. But it is lots of fun to talk about - since when do we have to let the topic constrain the conversation :) On the topic of inflation there is so much money sloshing around that it is really hard to know what will happen. It really is unprecedented so we can’t rely on the past to be a good predictor of what will happen in the future.
- api 10y ago
  I'll say this on inflation: housing, tuition, health care, and several other things are insanely expensive relative to wages and the rest of the economy. You can't have a market with no buyers. Two possible outcomes: (1) these deflate until they are reasonable, and (2) the rest of the economy inflates until these are reasonable. Given the amount of money sloshing around and the stickiness of esp. real estate prices, (2) may be more likely. My kids may know a country where everyone makes six figures and a starter house is... well... still $750k. Of course central banks and governments are not as dumb as people think. This is likely the intended outcome.
uiri 10y ago
> The conventional wisdom is that UX is everything. But a new generation or two is growing up today that is "digital native" and has grown up using computers of every kind. Might this generation of digital natives actually have less need for super-polished UI/UX hand-holding and inversely a greater desire for the increased freedom and versatility that comes with a more heterogenous open environment? As a member of the generation which is often termed "digital native", I notice that other people my age are, in general, worse with computers than people in their parent's generation (again, generalizing). I would bet on UX becoming more important as people shift away from even bothering to read error messages.

by api 10y ago

danieltillett 10y ago

>Anyway this is all a tangent with nothing to do with the original post. But it is lots of fun to talk about - since when do we have to let the topic constrain the conversation :) On the topic of inflation there is so much money sloshing around that it is really hard to know what will happen. It really is unprecedented so we can’t rely on the past to be a good predictor of what will happen in the future.

api 10y ago
I'll say this on inflation: housing, tuition, health care, and several other things are insanely expensive relative to wages and the rest of the economy. You can't have a market with no buyers. Two possible outcomes: (1) these deflate until they are reasonable, and (2) the rest of the economy inflates until these are reasonable. Given the amount of money sloshing around and the stickiness of esp. real estate prices, (2) may be more likely. My kids may know a country where everyone makes six figures and a starter house is... well... still $750k. Of course central banks and governments are not as dumb as people think. This is likely the intended outcome.

uiri 10y ago

> The conventional wisdom is that UX is everything. But a new generation or two is growing up today that is "digital native" and has grown up using computers of every kind. Might this generation of digital natives actually have less need for super-polished UI/UX hand-holding and inversely a greater desire for the increased freedom and versatility that comes with a more heterogenous open environment? As a member of the generation which is often termed "digital native", I notice that other people my age are, in general, worse with computers than people in their parent's generation (again, generalizing). I would bet on UX becoming more important as people shift away from even bothering to read error messages.