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Alright so I was following with the author for the longform introduction about coyotes and raccoons (although essentially all his criticisms of raccoons apply e
by throwawaymath 8y ago
Alright so I was following with the author for the longform introduction about coyotes and raccoons (although essentially all his criticisms of raccoons apply equally to cats, which he seems to like).
But then he lost me when he started making it a piece about finance gone awry. I don't really follow the point, can anyone walk me through his example more concisely? He's throwing in a lot here in struck out letters, which is part of the joke, but I think I'm missing the big picture.
- repsilat 8y agoIt's a markets/economics analysis blog that takes some pride in staking independent positions. (Charitably put.) The segue to blockchain/MBS wasn't a non-sequitur, it was the eventual aim of the piece -- that smart people will invent, nasty people will ruin, smart people will be ruined and the state will intervene and grow in remit. As for the strikethrough, it was to compare the causes of the GFC with the (at the time of writing more current) blockchain fad.
- throwawaymath 8y agoWow thank you, I think you nailed it. I see all of this now.
- thunderbong 8y agoThank you. Fantastic TLDR - that smart people will invent, nasty people will ruin, smart people will be ruined and the state will intervene and grow in remit.