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a_yawning_cat's profile
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@a_yawning_cat

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@a_yawning_cat

stray thoughts, loosely held. rat jaeger.

California, USA
aycat.substack.com
Joined December 2018

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    1.  🐈‏ @a_yawning_cat Feb 20

       🐈 Retweeted Paras Chopra

      it feels like money comes with responsibility and risk management just like the squirrel “blessed” with excess acorns. it has to manage its wealth and in the process it grows a few trees as recompensehttps://twitter.com/paraschopra/status/1362979632736182273 …

       🐈 added,

      Paras Chopra @paraschopra
      6/ What’s the harm with currency appreciation? If your currency buys more stuff, importing becomes cheaper and by virtue of it domestic industry and exports decay. In short, your country’s competitiveness suffers globally.
      Show this thread
      1 reply 1 retweet 5 likes
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    2.  🐈‏ @a_yawning_cat Feb 20

      rich countries, when paid more can easily buy imported goods and live a “good life” coasting on their more powerful currency. however over time they become more useless because they’ve stopped making

      1 reply 0 retweets 0 likes
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    3.  🐈‏ @a_yawning_cat Feb 20

      ideally, the excess time/energy from imports results in the creation of more complex/beautiful/powerful/useful things. however most of the time it’s just wasted.

      1 reply 0 retweets 0 likes
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    4.  🐈‏ @a_yawning_cat Feb 20

      this is a steelman for why the mars rover is important. it’s one of the few things that developed countries can still do uniquely and so justify the trade deficit. though tbh it’s probably more “art” than most would admit.

      1 reply 0 retweets 0 likes
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    5.  🐈‏ @a_yawning_cat Feb 20

      see #18https://breakingsmart.substack.com/p/mars-and-the-meaning-of-money …

      1 reply 0 retweets 0 likes
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       🐈‏ @a_yawning_cat Feb 20

      it’s like a capstone for economic structures. it says “yea indirect slavery sorta kinda but look at this can u do this no u can’t so everything was worth it”

      1:35 AM - 20 Feb 2021
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