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Why does interest on bonds need to be paid by printing money? Can’t it be paid from tax revenue?

I haven’t used an Apple Watch before. However, I’m quite happy with the accessibility of the notebook. It’s also very cheap.

I don’t take my phone into the gym due to the distraction from doing what I’m there to do. I have found that a simple squared notebook with a pen to be perfectly sufficient for remembering what I’m doing, knowing how much I lifted last time, and seeing how much progress I’ve made.

It has helped me to live with the model that the probability of there being any sort of objective morality or ethics is close to zero, and that a hierarchy of influence within any given context is generally unavoidable. Once you accept this model, you spend less time moralising and angering yourself over perceived wrongs, and can now spend more time on figuring out how to live a happier life despite the fact that there are no set rules.

I don't agree. They are two separate depictions of what might happen as a result of applying a tax on advertising. They may well coincide with each other, however. Saying that the second is a restatement of the first is like saying two interpretations of Piero Manzoni's "Artist's Shit" are restating the same fact.

No one buying shit anymore. People still buying shit elsewhere. GDP and tax revenues fall relative to others. Deflationary aspects. Market leaders complain through lobbying groups. Repeal. Back to square one.

Vendors now cannot get X pounds with Y pounds advertising outlay to make Z pounds per unit of wares. To continue making Z money per unit of wares, with previous S pounds price charged to consumers per unit, add significantly more than reduction in Y advertising per unit to S to offset reduced "brand" "awareness".

Governments see reduction in tax income and GDP and repeal taxes. In UK: Signal "mansion" tax on properties valued above X price to collect recurring Y pounds total tax. Market adjusts valuations based on probability of tax. Number of houses still worth at least X now diminishes. Now cannot collect recurring Y pounds. "Mansion" tax delayed.

You have this complex system that has reached some sort of relative equilibrium based on say a set S of ten sorts of tax rates, along with a set F of factors (size millions), with the government's tax revenue R being one of those outputs. Then some guy in the government called G signals to the government and public that he can increase R by X by fiddling with a member of S, or maybe adding a member to S (of size say ten).

Is G stupid, or does he just lean towards retaining the public's affection, his relatively low salary, potential under the table payments and whatever networking opportunities his job provides? I lean towards the latter.

Tax ad revenue. Increase advertising prices. Advertisers pay more to sell their wares. Consumers pay more to consume their wares.

Please see the bicycle analogy. Resources available at a given time are finite. If everyone is now churning out software at a higher rate with LLMs, what changes in terms of the value gained?

How much value in present terms was created by n hours of your time before LLMs, and how much value is created now by n hours of your time? If everyone is using LLMs, has that value calculation result changed?

People used to go to work by foot. The best runners would get to work first. Then the bicycle came along. The person who was the best runner before is now still getting to work first on the bicycle.

It would have been a while until you could sell at profit and move, though.

I think I agree. The question is what happens before then. The S&P 500 went down about 40% following 2000 and 2008. The FTSE 100 showed similar losses.

My questions are: Will we still have jobs if there’s a crash? How can we start researching what the optimal hedge is against such a crash?

In light of the article, why are you bullish?

What happens when there are no messages on the queue for a given actor?

Are there any actor system implementations that you know of that work differently?

Defi does a pretty good job regarding unimpeded access in comparison to the more traditional venues. This isn’t just about getting money into the system, but also what instruments you have access to.

The term ‘perfect information’ is a bit of a mirage, and has been shown to be impossible in physics (uncertainty principle).

What really matters is information advantage: Does your inexact expected value function consistently beat others’ calculations in the market. Here, the true value - value really is just a word and is dependent on people - is irrelevant.

The actor itself can be said to be waiting. When it yields, the thread is then able to run another actor which was waiting on a message, and which then has a message on the queue.

So they're waiting.

What are actors doing between finishing processing the last message and receiving the next one?

If I understand correctly, is the application of this to quickly switch the direction of sending/receiving? Are there any other applications?

Someone who is betting that the negative yield changes favourably. The bet is the same in positive yield regimes as well. This could happen due to a combination of deflation forecasts increasing and expectations of interest rates being lowered even further.

The issuer of debt is the seller of the bond.

If you issue debt at non-positive yield, then there is no interest on your debt to offset with the yield from US bonds.

Maybe trade volume is held down, but why would supply be held down? Surely if someone sells, they buy/rent elsewhere in quick succession?

TFA says that many sunscreens block radiation causing sunburn, rather than radiation causing cancer.

If people ask me for LinkedIn (or Instagram in other contexts), I just get their number. It pierces the barrier of formality and makes it more personal. If the person is worth remembering (for friendship or work), connecting on LinkedIn isn’t going to be adding any value.

Influence will be distributed similarly, regardless of political system: (Pareto Principle) https://en.wikipedia.org/wiki/Pareto_principle

What’s the best introductory book for this sort of thing?

Very interesting. I imagine though that the 17 model is reasonably consistent. I wonder what parallels there are with other areas of mathematics.