lol i often think about maxims like "capital flows to its most efficient use" but the allocation of capital is very clearly bounded by human attention and cognition even if you wanted to allocate SO HARD, even if you were an allocating MACHINE, you'd eventually run out of ideas https://twitter.com/InternetHippo/status/1137029187519340544 …
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i recall an account of the fed directors trying to decide on a number for the first QE, and they were operating in quarter-trillion increments moar brains == finer-grained addressability
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