My views are a personal "special arrangement sanctioned by history" Postwar Germany antitrust saga https://xitter.cf/t.co/jMcfOfPfgz Work @econliberties

USA
Joined October 2023
Servile men will insinuate "with a plausible affectation of wisdom and concern, How prudent it is to please the powerful—How dangerous to provoke them." 1768
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Since most economics in the political realm is slop, of course it can be replaced with AI. And it’s shouldbe.
I mostly agree with you @Claudia_Sahm. I expect colleagues to continue to have research assistants even if only for mentorship than because they need the help. Companies to have junior staff not because they need their current work but to train them for future roles.
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Another insane milestone in SF. I went down a rabbit hole on this one. The previous owner passed away in January at age 96. Her property was assessed at $919,446, and she paid just $11,599 annually in property taxes. The new owner will pay an estimated $336,762 a year.
San Francisco home sale $10M over asking price
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When a leading economist creates a "running read on the health of the economy" and doesn't include anything on consumer debt, which is currently eating up 50 cents of every dollar in wage gains that workers get, it gives you a pretty clear sense of how we ended up in this mess
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The Economist leader has a quote from a journalist (and author of The Strange Death of Liberal England) describing the breakdown of society before World War I that is just as apt today as it was a century ago.
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Laurel retweeted
the negative case against AI gets stronger every day; even Altman admits the problems are very serious with no obvious solution. the positive case, meanwhile, looks weaker every day. a quote from Apollo’s Torsten Slok: “Despite massive investments and widespread hype around artificial intelligence, the technology has delivered zero financial payoff to corporate America outside of tech. Revenue per worker is… flat for the S&P 493…. Profit margins are… flat for the S&P 493…. No signs of AI boosting [measured] productivity growth…. Mainstream corporate America is pulling back and starting to view token spending… as a cost center…. Mainstream corporate America does not need the latest model and is unwilling to pay for it. As long as agentic AI and token spending are confined to a small part of the economy, the macroeconomic effects of AI will be very limited.” apollo.com/wealth/insights-n…
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"We've removed live internet access..." Why were you testing malware-like agents with live internet in the first place? Sounds pretty irresponsible. Also after milking the "rogue AI" agent narrative for marketing you just going to admit it was weak sandboxing? Lol
Over the past several months, we have substantially hardened the security of our research training environment. We’ve removed live internet access for all frontier models during training and built an offline world for them to use instead—a cached version of the web where they can still learn to browse, search, and use applications. On September 20, after a model exploited a DNS misconfiguration to find a way outside of this offline world, we paused frontier training to strengthen containment further. We assembled teams of agents, powered by our most cyber-capable models, and tasked them with finding weaknesses in our research environments. While they found no route to the internet they could easily exploit while concealing their activity from our monitors, they did find zero-day vulnerabilities, virtual machine escapes, and hardware side-channels for communication between agents. We used their discoveries to further strengthen our defenses and contribute fixes to open-source software. After strengthening our containment architecture, we resumed our frontier RL training and inference on October 1. We’ve reserved substantial compute for continuous red-teaming, and made high-compute red-teaming part of the safety cases we use to decide whether frontier training and evaluation can proceed securely. openai.com/index/securing-ou…
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The website also has new functionalities: a Data Explorer. Who owned which US public companies, 2000 to 2020? corporateownershipdata.com/e…
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After almost 10 years of work corporateownershipdata.com now makes available all publicly available ownership records of 7,156 publicly traded firms, not just the S&P 500, including dual-class shares.
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🚨INVESTIGATION: @LeverNews for the first time exposes the secret network of shadowy groups allowing AIPAC cash to flood into elections with no disclosure of its involvement. Cash boosted candidates through groups branded to popular causes that had nothing to do with Israel.
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Laurel retweeted
Quantitive leasing
The Bank of Nvidia will have to taper quantitative leasing at this rate
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Smart. Wouldn’t want anyone to mistake you for the opposition.
.@SenBrianSchatz says that if Democrats take the Senate, the party's left wing needs to be strategic about not proposing things "that the president of the United States is guaranteed to veto." "If we want to be more aspirational, if we want to make more bold policy changes... that's for 2028."
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Laurel retweeted
In Alaska, an independent candidate for the House is getting DCCC support. His name is Bill Hill, he's a commercial fisherman and educator. We had @JaffeToby talk to him. prospect.org/2026/10/23/alas…
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I've spent the last year researching private equity's takeover of youth sports. It's a $40 billion for-profit industry, bigger than the NFL and college football combined. We just launched a survey to better understand the impact on families. Please click here to share your story: lnkd.in/ePGw2yap
Youth sports is more expensive than ever and the participation gap between low and high income families continues to widen. Now, we're collecting stories from the real people who have experienced this first hand. Tell your story here: earful.us/c/youth-sports
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single best explanation for this dynamic
Amazon has employee-level expectations for delivery workers, but then pretends they're not employees. This allows Amazon to avoid accountability for unsafe or unfair working conditions these workers face. Put the Delivery Protection Act to a vote.
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It is amazing how in one breath defense bar antitrust attorneys can whine about too many burdens on litigation and process but the second you mention bright line rules all of a sudden that is too much clarity. They really just want no rules at all.
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To help address the illiteracy crisis among the members of our federal judiciary as it concerns the antitrust laws, I figure it might be helpful to start with the basic idea that the phrase "rule of reason" is literally not in the Tampa Electric decision.
The FTC and states received a victory in their antitrust lawsuit against Syngenta. But the victory is problematic. The court erroneously states that the liability test under Sec 3 of the Clayton Act is the rule of reason. It is not, and violates SCOTUS's holding in Tampa Electric
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