rogersnm

4 ms·

1.
by rogersnm 4y ago
Electric cars struggle with range limitations (compared to their non-electric counterparts), and so manufacturers try to maximise range by reducing the drag co-efficient as much as possible, even at the cost of aesthetics (everything turns
2.
by rogersnm 4y ago
> I’m curious if you could give some examples of what you’re thinking of, the situations where there’s 0 payoff until all the work is done Not op, but surgery strikes me as an example where there's effectively 0 pay-off until you fi
3.
by rogersnm 4y ago
> There is also a government role in making sure an efficient and fair market exists for goods, by working against cartels and monopolies for instance. > The gas price shock is partly caused by a massive supply shock, but also an unwi
4.
by rogersnm 4y ago
> The second is misdirected money supply which steers money towards sweatable assets like property and stock ownership, and away from productive investment, original invention and research, and small business creation. You appear to be a
5.
by rogersnm 4y ago
> This has caused other currencies to lose value against the dollar, increasing the cost of imported goods priced in dollars like oil and gas and driving up inflation elsewhere If I have Pounds (GBP) and I need to buy Oil and settle in D
6.
by rogersnm 4y ago
I think you can decompose stock into 'money that is in circulation', and 'money that is not'. In some sense, the only relevant partition is the quantity of money that is actually in circulation. If I take $100bn of cash
7.
by rogersnm 4y ago
> It's not a stock problem; it's a flow problem. It's arguably both a stock problem and a flow problem (MV = PQ). If the stock is constant and the flow increases, you get inflation. If the flow is constant and the stock in
8.
by rogersnm 4y ago
> how would higher prices change anything about that? Higher prices reflect a new equilibrium between the quantity of money and the quantity of goods and services being produced. Until that revised equilibrium is reached, you generally s
9.
by rogersnm 4y ago
Predicting the future is always difficult, there are elements of now that are similar to the past, and there are elements that are different. It also helps to have experienced those past events and been able to learn lessons from them. It s
10.
by rogersnm 4y ago
The Fed is doing exactly that: https://fred.stlouisfed.org/series/FEDFUNDS
11.
by rogersnm 4y ago
If you cap prices for a given company or product, you prevent that company (or producers of that product) from competing effectively for the inputs to that product in the broader market place (bear in mind things like labour and energy are
12.
by rogersnm 4y ago
Correlation or causation though? If it's correlation then higher unemployment is not in and of itself deflationary, it's just that whatever causes higher unemployment also causes reduced inflation. A non-causal link makes more int
13.
by rogersnm 4y ago
> If inflation is caused by people having too much money then it is a self-correcting problem because as prices go up people will no longer have as much money. Soon enough they will not have too much money at all. The problem is a situat
14.
by rogersnm 4y ago
> It is about causing capital investment to be less lucrative than tying the money up in treasuries Money isn't tied up in treasuries, money (loosely bank deposits and cash) and treasuries are two distinct concepts. You can trade mo
15.
by rogersnm 4y ago
Or, big tech is now big enough that material deterioration in the wider economy is enough to over-power their baseline annual growth (i.e. big tech will continue to boom after adjusting for economic performance).