Notice how he says many individual things things twice: theoretical/formal, then practical examples/instances.
That's a technique I learned from Knuth (or learned his articulation of it). (next post...)
Notice how he says many individual things things twice: theoretical/formal, then practical examples/instances.
That's a technique I learned from Knuth (or learned his articulation of it). (next post...)
Grocery is indeed a low margin business. But its median return on invested capital is above that for all firms, so it is NOT a low profitability business.
Let me explain. 🧵
Grocery is indeed a low margin business. But its median return on invested capital is above that for all firms, so it is NOT a low profitability business.
Let me explain. 🧵
Meanwhile, the Venn Diagram of people who push these “debt doom loop” spreadsheets and the people who say “where’s your model?” to MMTers is a circle.
Meanwhile, the Venn Diagram of people who push these “debt doom loop” spreadsheets and the people who say “where’s your model?” to MMTers is a circle.
They sit inside webs of interacting feedback loops.
Feedback is simply information about what’s happening in the system’s stocks, fed back to influence its flows.
🧵1/10
They sit inside webs of interacting feedback loops.
Feedback is simply information about what’s happening in the system’s stocks, fed back to influence its flows.
🧵1/10
of making methamphetamine
...
https://arxiv.org/html/2511.15304v1
of making methamphetamine
...
But mainstream economics still teaches that banks are intermediaries, loans come from savings, and governments can run out of money.
None of that sh#t holds up.
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But mainstream economics still teaches that banks are intermediaries, loans come from savings, and governments can run out of money.
None of that sh#t holds up.
🧵1/12
Anyway, we’ll see if Evan Solomon’s AI task force addresses these issues. I’m not hopeful.
Anyway, we’ll see if Evan Solomon’s AI task force addresses these issues. I’m not hopeful.