Other articles


  1. Iron dome economics - 2023 October 08

    With the outbreak of military hostilities in the Israel Palestine conflict this weekend there's been a constant stream of bad takes about the Iron Dome system and wartime economics in general.


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  2. The death of full employment - 2023 September 21

    Technology is moving in such a way that advances in AI will mean that barring massive changes some fraction of people will now be permanently unemployed. This effect of technological unemployment will be most harshly felt in locations with a combination of high wages and high cost of living since the equilibrium forces push more strongly towards replacing labor with capital expenditure in such places. AI is a crucial change because it greatly expands the types of jobs that can be replaced and progress in technology means that the capital expenditure needed to replace labour with technology has dropped. We should revisit assumptions that people who's jobs are destroyed will be able to move to other jobs easily.


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  3. Gold hits record high in USD and closes a week above 2000 USD/ounce - 2023 May 13

    Gold is back at record highs again, multiple world events have transpired lately to push gold past the $2000/USD per ounce mark and has hit its record highs in multiple world currencies.


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  4. Weighted average lease expiry - 2023 April 11

    I've been looking more carefully at commercial real estate lately, occupancy is at record lows in Melbourne at the moment but yet rentals haven't dropped.


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  5. Determinism in research code - 2023 March 20

    Getting deterministic results out of research code is an important part in reproducible research. Unfortunately the incentive structures in many research organizations punish people for putting effort into helping others reproduce their results, collectively we would do better if we could change these incentive structures.


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  6. Collateral crisis psychology - 2023 March 19

    Many people have no idea how the banking industry works and therefore have no idea what's driving th current crisis. I've noticed a lot of people who are dead wrong about it being very smug about things. They'll probably lose a lot of money and even they they still might not learn. Interactions with these people can be difficult especially if you are actually trying to help them.


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  7. Luna a modern case of hyperinflation - 2023 March 19

    The complete implosion of LUNA is a fascinating example of hyperinflation in the modern world.


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  8. How cheaper computational power has changed banking - 2023 March 14

    The decrease in the cost of computational power has completely changed the modern world one industry at a time. Banking is no exception. To understand the current banking crisis understanding some of the forces that led us to here will help.


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  9. EBDITA and accounting games - 2023 February 18

    Accounting games seem to have become more common in the markets lately. People far wiser than me have been commenting on this from some time now, I was reminded of this when I came across a video from a Berkshire Hathaway public meeting that was filmed in 2003 that was talking about the impact of EBDITA on company reports.


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