jmoiron plays the blues
@jmoiron.bsky.social replied: When you actually manage to say "you could have lost your job if it was a recession, and you'd have no income", people never think it would have been them, because Americans are confident & optimistic (good qualities, usually).
They think they'd have kept their job _and_ had low...
@jmoiron.bsky.social replied: Finally (and there are others), media trust is low. Again, lots of good reasons for this.
But it means that it can't effectively perform its function of informing people how this inflationary soft landing differs from the alternative.
@jmoiron.bsky.social replied: The third is that the economic indicators that the media and political class focus on are macro indicators that tell you how businesses are doing (the owner class), not how people are doing.
A lot of reasons for this, but a factor is that we have not had periods of high inflatio...
@jmoiron.bsky.social replied: The second is that the US has very low civic cohesion.
Culturally, people have a very zero-sum concept of success: if they are losing, someone else is winning at their expense. It's a country where writers are compelled to write articles like this:
www.huffpost.com/entry/i-dont...
@jmoiron.bsky.social replied: Unfortunately, there are several problems.
The first is that it's hard for people to evaluate the effectiveness of a complex system like the economy, so they end up personalizing systemic effects.
If your wages go up, you deserved it. But if prices go up, the system is broken.
@jmoiron.bsky.social This is my biggest concern.
The US has had a boom->bust cycle where the bust always led to high unemployment & recession. This leads to long periods of economic misery.
The left has always maintained that this was a choice; we could stimulus your way out of it.
It turns out th...
@jmoiron.bsky.social At least Google had the self awareness to ditch "Don't be evil" after they realized that being at least a little evil could cut costs and open up new revenue streams.
"Democracy dies in darkness", absolutely pathetic.
@jmoiron.bsky.social This has been a splinter in my brain for a while now.
This is, in fact, a very simple election. One of the candidates staged a coup.
@jmoiron.bsky.social The nature of the top responses (which are weighted that way by design) to Kelsey's subdued announcement of his voting intentions on the bird site was eye opening. I knew it was deteriorating, but I hadn't realized the full extent.
@jmoiron.bsky.social replied: This just 40 mins out from NYC, so not too far north!
@jmoiron.bsky.social replied: Judging by his "clever ploy" and actual favorite books he's definitely an actual Ayn Rand guy. My response to this test is to be nice, move on from the subject, and never engage with them again.
@jmoiron.bsky.social Current headline on BBC dot com:
"'Middle East erupts' and OBE for Queen's funeral horse"
@jmoiron.bsky.social replied: Always good when TJ leads the Haka
@jmoiron.bsky.social Interestingly round number for me.
@jmoiron.bsky.social Lost another great; RIP Sérgio Mendes :(
@jmoiron.bsky.social This Sinner v Paul match is incredibly high quality so far.
@jmoiron.bsky.social The most tiresome aspect of tech industry discourse is that no one can seem to acknowledge that there are other legitimate parts of the industry where their preferred methodologies don't work.
@jmoiron.bsky.social replied: I've never heard this term before.
@jmoiron.bsky.social replied: Would be interesting in a sci fi context, an intergallactic power struggle over the long dead corpse of an ancient advanced civilization that produced refined materials long enough ago that they've decayed into low-background form, eg. for use in the magic mcguffin that can "end ...