antonomon

7 ms·

31.
by antonomon 4y ago
The feeling of modernity, originally described by writers well over a century ago, is today shared by more people than ever.
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by antonomon 4y ago
Yeah, that’s a good point. Thanks for mentioning it
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by antonomon 4y ago
You can't say 1:1 directly that cheap credit = rise of Vanguard, but index funds have gotten really popular since 2008. The near-zero interest rate was the environment, and that environment was built on the Fed's policy goal of th
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by antonomon 4y ago
While I try not to comment to 'defend my views' because it's a bit lame, I have to plainly say I am not "just opening my eyes to the huge role central banks play in the economy." I have been following markets many y
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by antonomon 4y ago
Regardless of Wolf Richter, the Wealth Effect is an actual philosophy tapped into by Ben Bernanke and others post-2009 > In defending the Fed’s bond-purchasing plan late last year, Bernanke said that “higher stock prices will boost consu
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by antonomon 4y ago
It continuing unabated for 13 years is a historical anomaly, however
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What if your entire worldview was just because of near-zero interest rates?(novum.substack.com)
283 points by antonomon 4y ago|383 comments
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by antonomon 4y ago
The old economic world may be leaving us, but its pathologies stubbornly remain.
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by antonomon 4y ago
A historian claims a unique theory called elite overproduction can predict social unrest. In Czarist Russia, it allowed for nihilism. In America, it's still unclear.
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Too Many Wannabe Elites: A Story of Russia (and Possibly America)(novum.substack.com)
5 points by antonomon 4y ago|1 comments
41.
by antonomon 4y ago
How collective forgetting became embedded in the internet and why battle lines are now drawn over who remembers what.
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A Deep Dive Down the Memory Hole(novum.substack.com)
5 points by antonomon 4y ago|1 comments
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Politics Is Becoming an Ant Mill(novum.substack.com)
2 points by antonomon 4y ago|1 comments
44.
by antonomon 4y ago
"There has been a decoupling of politics and the social bases that democracy traditionally relied upon. In postwar political science, it was taken for granted that politics always had to consider its social bases. Yet, since the 1970s,
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by antonomon 4y ago
Why is it a psuedo problem? I deal with its effects every day. Your excessive aggression seems to be symptomatic of the anti-social, terminally online.
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by antonomon 4y ago
Lol wtf? Jesus christ, nevermind then.
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by antonomon 4y ago
Wow, great suggestion. I will check it.
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by antonomon 4y ago
It feels like things are a bit primed for something like that, in a way. Although it could easily not and just continue indefinitely if the public is pacified completely. Still, I think if this drip drip drip of a decline continues, then I
49.
The Social Recession: By the Numbers(novum.substack.com)
248 points by antonomon 4y ago|333 comments
50.
by antonomon 4y ago
Less friends, relationships on the decline, delayed adulthood, trust at an all-time low, and many diseases of despair. The prognosis is not great.
51.
by antonomon 4y ago
I agree with you, the term does tend to imply that. However, I think it has less to do with that, and more to do with structural underemployment among people who are very educated which creates resentment.
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Too Many Wannabe Elites: A Story of Russia (and Possibly America)(thinkinghistorically.substack.com)
1 points by antonomon 4y ago|3 comments
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by antonomon 4y ago
A historian claims a unique theory called elite overproduction can predict social unrest. Macrohistorian Peter Turchin argues that it allowed for nihilism in Czarist Russia and eventually the end of the regime. In America, it's still u
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Uncertain Futures – Quantum mechanics and entropy as a model for politics(thinkinghistorically.substack.com)
1 points by antonomon 4y ago|0 comments