Conversation

Replying to
I have to wonder: what happens if this time around the bailout is ONLY for the 5%. Inject capital into stuff economy. The banks get a piece if stuff-people decide to give them a piece. Reinflate the economy bottom up rather than top down. Impossible thought experiment of course.
3
24
1 trillion divided by 330 million is about $3000. Here’s a thought: airdrop $9,000 into the checking account of every American. Cost: $3T. A mere 3x-ing of the deficit. Let’s see how much trickles upwards into exotica. Test how much skin in the game we *want* in Wall Street.
4
27
Heh strikes me that a taste for exotic financial products among the ultrawealthy is kinda the same as their taste for exotic game meats in Wuhan, which I hear is a scarcity era necessity from cultural revolution now driven by demand from rich elites. Both risk exotic diseases.
3
23
If you don’t participate in the higher financial markets, you’ve been signed up for a religion without consent. It’s like if your tax $ were used to fund faith-based initiatives with no strings attached. Violation of separation of church/state. Oh wait they’re doing that too 🤣
1
22
World to China: please stop eating pangolins unless you’re literally starving. World to Wall Street: please stop trading pangolin options unless you’re doing it in an opt-in trading card game like MtG. My MtG playing friends are nice. They don’t create tail risks for me.
1
23
By contrast small gods of discworld are scraping by on low, critical levels of belief, not mass levels of uncritical belief. They have to *work* to keep divine status via belief flows. Better off than mortals since they are immortal but they’re the working rich without FU$.
2
8
Replying to
Discworld caught my eye here, as a childhood fan 😊 & tbh is an excellent lead-in to a thread like this, for those like me who find finance discourse super intimidating You consistently excel at this - painting ideas across many facets, making accessible across disciplines 👐🚀
1
1
Replying to
I think since my primary role's been "public hackerspace educator" it trained my instincts to be "DYOR x10000!" i.e. very risk-averse. In contrast, my adrenaline-junkie "caught the knife" buying yesterday's dip at a BTC ATM lol. I would never have the guts to make that call!
2
1