Serious question: Has @ESYudkowsky ever heard of Long Term Capital Management?
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That might be like, the historical episode you want to examine if you think quants have power / correctness in finance.
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Replying to @spiderfoods
I have no idea what writing of mine you even think you’re responding to. My main macro piece is Sumner-approved: https://www.lesserwrong.com/posts/tAThqgpJwSueqhvKM/frequently-asked-questions-for-central-banks-undershooting …
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Replying to @ESYudkowsky
I'm responding to the Inadequacy and Modesty post. I don't consider Scott Sumner to be a reputable intellectual, as he is an "economist".
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Replying to @spiderfoods @ESYudkowsky
I find the axioms underlying economics -- in particular, the Subjective Theory of Value -- to be dangerously and hilariously wrong.
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STV isn't . . . really an axiom so much as an observation i would say
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