P23: > Since the [founder] chose not to distinguish carefully between increases in current productivity and increases in future productivity, the [founder] star

P23: > Since the [founder] chose not to distinguish carefully between increases in current productivity and increases in future productivity, the [founder] starts hiring already today. If time is nature's way of keeping everything from happening at once, interest rates are an economy's way of keeping everything from happening at once (and effectively zero real interest rates make it difficult indeed to distinguish between current and future productivity). [unlike classical logic, is intuitionistic logic a theoretician's way of keeping all isomorphisms from being identified at once?] Rational inattention is close to my mental model of design thinking; I'd say a product has a purpose, and teleologically ought therefore to be designed such that tradeoffs are made in favour of quality for the essentials and economy for the accidents. (others would say a product has a market, and teleologically ought therefore to be designed such that tradeoffs are made in favour of shiny for the visible and economy for the invisible?) Perfect information as the enemy of the good? pretty sure ECB Disclaimer means no more than "we let our anoraks publish what they will"? Answer: outer ring, just like in the "mothership"? RAND/Stanford: from an eastern seaboard perspective: both are californian (like granola: what ain't fruits and nuts is flakes). However, when at Stanford one says "101"; at RAND, "the 101". > Olivier Nomellini senior fellow lol McFaul got way more respect from russians than either his predecessors or his successors (probably due to having had much more understanding; despite apparently not catching the reference to «Вот скажи мне, американец, в чём сила?» he even appeared on Evening Urgant and —I thought— acquitted himself well)