Reading

Created
Tue, 08/04/2025 - 22:00

Dear Star Bank Customer,

We’re writing to let you know that the Star Bank online portal is down today. You won’t be able to log in or access your money. We apologize for the inconvenience.

Please don’t call or stop by the bank in person. It’s a mess right now.

Sincerely,
Star Bank

“Treating your money like a star since 2005.”

- - -

Dear Star Bank Customer,

This is Gordon Star, CEO of Star Bank.

The previous email generated some confusion. I do apologize.

I’ll be direct. There’s been an issue with our banking servers, and your account records were compromised. We’re furiously trying to restore your account as I type this.

I want to be clear: We still have all of your money. We just don’t know how much money you have, if that makes sense.

Isn’t it wild that money is just ones and zeros on a server, and if you erase the ones and zeros, then you don’t know whose money is whose? I’m the CEO of a bank, and even I think that’s bonkers.

We’re working on this. You have my word.

Created
Tue, 08/04/2025 - 21:40
Understanding Xi JIngping

What I always remember about Xi is something the founder of Singapore, Lee Kuan Yee wrote—that he had only met two people in his life who never let anyone else influence their emotions: Nelson Mandela and Xi Jingping.

Xi took over the CCP at a time it was completely ridden with corruption, to the point where regular citizens regularly mocked and complained about it. There were major factions, centering around the two previous leaders and the party had lost much of its ideological orientation. Citizens were happy with economic progress, but there was a sense that there was too much inequality, young people couldn’t afford homes and there was flirting with western ideas of democracy.

Created
Tue, 08/04/2025 - 18:53
The rational expectations hypothesis presupposes — basically for reasons of consistency — that agents have complete knowledge of all of the relevant probability distribution functions. When trying to incorporate learning in these models — trying to take the heat of some of the criticism launched against it up to date — it is always a […]
Created
Tue, 08/04/2025 - 18:18

Τέσσερα ερωτήματα για όσους ανησυχούν για τον αντίκτυπο της κατάρρευσης των χρηματιστηρίων στο διεθνές εμπόριο και τη διεθνή οικονομία, και αναρωτιούνται πώς πρέπει να αντιδράσει η Ευρώπη, πως πρέπει να αντιδράσει η Ελλάδα… 1ο Ερώτημα: Πώς θα επηρεάσει η πτώση των τιμών των μετοχών το διεθνές εμπόριο; Κατ΄αρχάς, οι τιμές των μετοχών έχουν ελάχιστη σχέση […]

The post Ο αντίκτυπος της πτώσης των χρηματιστηρίων στην πραγματική οικονομία. Πως θα αντιδράσει η ΕΕ; Η Ελλάδα; – 8η Απριλίου 2025 appeared first on Yanis Varoufakis.

Created
Tue, 08/04/2025 - 11:30
Expectations play a central role in the transmission of monetary policy, but how people form expectations is widely debated. We revisit optimal monetary policy design in a model with behavioural expectations that nest rational and adaptive learning beliefs as special cases, and approximates several alternative expectations theories, such as myopic or level-k expectations. Optimal policy is a weighted average inflation target plus adjustments for belief persistence and constraints faced by the central bank (information frictions and the zero lower bound). Optimal policy is well-approximated in all cases by flexible average inflation targeting, where we make explicit what average and flexible mean.
Created
Tue, 08/04/2025 - 03:15

The US is still backing Israel over the executions even after a shocking video showed the Israeli was lying about the massacre of rescue workers This article was originally published by Antiwar.com The Trump administration has doubled down on its position that Hamas is to blame for Israeli troops executing 15 Palestinian medical workers in Gaza, even after a video showed that the Israeli military was lying about the incident. The Israeli army initially claimed its forces opened fire on […]

The post Trump White House holds Hamas ‘entirely responsible’ for Israeli execution of Palestinian medics first appeared on The Grayzone.

The post Trump White House holds Hamas ‘entirely responsible’ for Israeli execution of Palestinian medics appeared first on The Grayzone.

Created
Tue, 08/04/2025 - 03:04

Two roads diverged in a yellow wood, because the chemical plant jaundicing the region was ordered by a court to create an alternative, protected footpath for local residents.

Because I could not stop for Death, I paid $1,600 every month to COBRA until I died of measles, about which the doctors—and not the podcast my mom likes—were correct.

I saw the best minds of my generation destroyed by madness, starving, hysterical, naked, but the nice thing about working from home is that I can make my own schedule.

Let us go then, you and I, and your brother and sister, and maybe your aunt, to the school board meeting, to see if we can preserve the two library books that are not the Bible.

I celebrate myself, and sing myself until my sister tells me I will have to move out or go back on my meds (which I refuse to do, because of Big Pharma and the globalists and one other thing Rogan said that I forget).