Why using gold for inflation adjustments is stupid open.substack.com/pub/nfinf/…
Enriching from 3.67% to 95% takes less effort than from natural to 3.67%, look up “separative unit of work”.
You know what would be amazing if Vance and his team can negotiate an agreement where Iran doesn't enrich above 3.67% (far below weapons grade); gets rid of 98% of its stockpile of enriched uranium; has weekly inspections by the IAEA; keeps the straits open without charging anyone; and commits to all of this for at least ten years. Oh, yeah, that was the Obama Iran deal.
This is wrong in general; you cannot avoid using unwrap (or unwrap-equivalents) without making your code horribly unreadable and hard to maintain. @jessfraz is almost certainly using unwrap-equivalents herself (possibly even not being aware of that).
That said, the actual unwrap in question is horrible; you should never unwrap just because you never expect your config files to use more than X options. This is precisely the sort of stuff that you should use proper error handling for.
It is impossible to believe that this is just an innocent mistake of Piketty, Saez, and Zucman. Their goal is to science-wash the narrative of their political allies. They want to mislead the public by wearing the skin of expertise.
Academia is unfortunately full of people like that, and the population getting increasingly aware of this will tank the whole enterprise. It might be good in the long term, as the scientists will be forced to regain the public trust the way they originally earned it, which is by being correct in a useful way. However, we will miss out on the good parts that come with the bad.
I am personally particularly bitter about this. I remember seeing these graphs in Piketty's "Capital", which came out when I was in college, during my socialist phase. I was highly impressed by them, and the book in all made a huge impact on my thinking at the time. That's why I was so outraged to learn that it was all based on deliberate lies, aimed to mislead people like me.
C’est marrant de suivre ce débat dans deux pays.
Tiré d’un papier d’octobre 2025 de David Splinter : en gris, le fameux graphique de Piketty, Saez et Zucman du taux moyen d’imposition par quintile de revenu dans sa version américaine. En rouge, la version corrigée des transferts, des crédits d’impôt et de la neutralisation de certains choix méthodologiques bizarres.
Parmi ces choix bizarres, on retrouve le fait que, plus les ménages à faible revenu reçoivent d’allocations sociales ou de crédits d’impôt, plus la méthode de PSZ conclut que leur taux d’imposition est élevé.
Je traduis : « Pour les ménages à faible revenu, les taux d’imposition PSZ sont surestimés, car ils incluent les taxes sur les ventes dans le numérateur mais omettent, au dénominateur, les revenus de transfert utilisés pour financer ces achats. Ils ne tiennent pas non plus compte des crédits d’impôt remboursables. »
Actually, the Soviets pulled back the Grapes of Wrath movie from the theaters, when they noticed that the people get angry when they realize that in America, even the poor have cars.
Looks like I underestimated Trump administration, and they are actually solving both. Trust the plan!
If you try to do the “no tax” trick from below, in 5 years you’ll pay more in interest to the bank than you’d have paid in taxes if you just sold the stock, and *you will still owe the tax* when you actually sell the stock to make the payments on the loan. No millionaire actually does that, this is completely retarded.
As it happens, legal entry plus no criminal record does not equal legal presence. Otherwise, you wouldn’t be able to deport people who overstay tourist visa. @David_J_Bier knows this, and he’s deliberately trying to mislead readers by equivocating “legal immigrants” with “people who entered legally”, which are two separate concepts.
Good for her to realize this, but why would you wait 2 years before getting kids *after* getting married? By this point, she’s been together with her husband for over 3 years now, no reason to wait more.
Ilya V. retweeted
Replying to @shortmagsmle
US is full of insane things like this. For example, we don’t even have a list of who our own citizens are, so that we could check illegals against it. Every European country (except Great Britain) has it.
Some say that having a list like that would facilitate authoritarian fascist oppression of its own citizens, but I never hear any specifics as to what exactly would be possible that now is not because they have no citizen list. For example, Britain, like US, does not maintain population records, and yet they manage to jail people for tweets just fine.
Taxing foreign Veblen goods is probably the best case for high tariffs. Switching to different, domestic sink for conspicuous consumption will not make any individual worse off.
"One of the highest tariff rates, 50 percent, was imposed on the African nation of Lesotho, whose average citizen earns less than $5 a day.
Because Lesotho’s citizens are too poor to afford most U.S. exports, while the U.S. imports $237 million in diamonds and other goods from the small landlocked nation, we have reserved close to our highest-possible tariff rate for one of the world’s poorest countries.
The notion that taxing Lesotho gemstones is necessary for the U.S. to add steel jobs in Ohio is so absurd that I briefly lost consciousness in the middle of writing this sentence."
theatlantic.com/politics/arc…
They make it sound like they fired an important tenured scientist, but this Vence Bonham guy was literally a DEI lawyer, he doesn't even have a degree in science. Seriously, look him up on Wikipedia, all about health policy and striving for global diversity.
Replying to @samstein
Vence Bonham, the acting deputy director of the National Human Genome Research Institute, told colleagues this morning that he had been “unexpectedly” placed on administrative leave. He had a 20-year career as a researcher and leader at NIH. Within a few moments, it was gone.
$47 in 1914 would not buy you nearly as much as stuff as $3500 today. For example, $3500 today buys you 500 bushels of wheat, while $47 only bought 70 bushels in 1914. The author uses gold for inflation adjustment, which is entirely wrong, leading to ridiculous conclusions. If you calculations tell you that that the entry level miner could buy more stuff in 1914 than someone who makes $250k today, your takeaway should be that your calculations are wrong, rather than that everyone was so fabulously wealthy back then.
unavailable
Why can’t “due process” take place after deportation? You just petition US court from abroad, and if court determines that you had a right to stay, you are allowed back in, with some restitution even.
Of course, people complaining about lack of due process won’t accept that, because they don’t care about law or rights, they will just say anything that will allow them to achieve their actual goal, which is bringing and keeping more foreign criminals and illegals.
I think the hate for Boomers is really overdone, as they sure have not had it easy. However, it’s really hard to defend them when even “conservative” Boomers are proud of Civil Rights Act.
Replying to @VladTheInflator
Hey, that's not Boomer mentality. We're the ones who brought you the Civil Rights Acts. We invented computers, the internet and cell phones. We built America's middle class. We cleaned up toxic rivers and even the Great Lakes. We gave you The Beatles, Bob Dylan and Aretha Franklin. We gave you Star Wars, Jaws and Indian Jones. We built Rockets and put the first astronauts in them. We're the generation of Ronald Reagan and Donald Trump. We are definitely not the litigious generation. But I'll bet that woman watches The View religiously.
“Infertility resulting from delaying family formation is bad, so let’s create accommodations to make delaying less risky” is like “getting hassled when you’re homeless and sleeping on the sidewalk or shooting drugs in public is bad, so let’s create accommodations to make being homeless junkie suck less”. The ultimate result is creating more misery, not less. Now, women delay family formation until mid 30s. With technology, they’ll just delay more.
Replying to @RuxandraTeslo
And here lies the catch: We can help women have it all if we figure out how to technologically:
a) preserve eggs better, cost effectively and efficiently
b) delay their aging in the first place
c) create new eggs from stem cells
Science will be our friend here























