"Hexapodia" Is the Key Insight: by Noah Smith & Brad DeLong
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PODCAST: Hexapodia LII: Growth, Development, China, the Solow Model, & the Future of South & Southeast Asia
"Hexapodia" Is the Key Insight: by Noah Smith & Brad DeLong
09/05/23 • 49 min
Key Insights:
The Chinese Communist Party is very like an aristocracy—or maybe it isn’t...
If it is, it will in the long run have the same strong growth-retarding effects on the economy that aristocracies traditionally have...
Or maybe it won’t: China today is not Europe in the 1600s...
We probably will not be able to get Noah to read Franklin Ford: Robe & Sword: The Regrouping of the French Nobility After Louis XIV <https://archive.org/details/robesword0000unse_g7d2> to dive more deeply into analogies & contrasts...
Southeast Asia’s future is very bright because of friendshoring...
India’s future is likely to be rather bright too—it looks like a much better economic partner for the rest of the world over the next two generations than does China...
You can get pretty far by just massively forcing your society to build lots and lots and lots of capital...
Especially if you have an outside country you can point to and say “give me one—or five—of those!”...
But quantity of investment has a quality of its own only so far...
We think of technology as the hard stuff...
But actually the hard stuff is institutions, property rights, government—people actually doing what they said they would do, rather than exerting their social power to welsh on their commitments...
We are surprised and amazed at China's technological excellence in electric vehicles, in battery and solar technology, in high-speed rail, and so forth...
But those are relatively small slices of what a truly prosperous economy needs...
For everything else, we have reason to fear that the logics of soft budget constraints and authoritarian systems are not things China will be able to evade indefinitely...
Is that a middle-income trap? It certainly functions like one...
Hexapodia!
References:
Brad DeLong: DRAFT: What Is Going on wiþ China’s Economy?:
Daniel W. Drezner: The End of the Rise of China?
Daniel W. Drezner: The Rising Dangers of a Falling China
Daniel W. Drezner: Can U.S. Domestic Politics Cope With a Falling China?
Arpit Gupta: What's Going on with China's Stagnation?
János Kornai, Eric Maskin, & Gérard Roland: Understanding the Soft Budget Constraint <https://www.jstor.org/stable/3217457>
Adam S. Posen: The End of China’s Economic Miracle <https://www.foreignaffairs.com/china/end-china-economic-miracle-beijing-washington>
Kenneth Rogoff: The Debt Supercycle Comes to China <https://www.project-syndicate.org/commentary/country-garden-shows-debt-supercycle-comes-to-china-by-kenneth-rogoff-2023-08>
Noah Smith: Real estate is China's economic Achilles heel
Noah Smith: Why is China smashing its tech industry?
Adam Tooze: Whither China? Part I - Authoritarian impasse?
Adam Tooze: Whither China? Part II - Posen v. Pettis or "authoritarian impasse" v. "structural dead-end”
Adam Tooze: Whither China? Part III: Policy hubris and the end of infallibility
Lingling Wei & Stella Yifan Xie: China’s 40-Year Boom Is Over. What Comes Next? <https://www.wsj.com/world/china/china-economy-debt-slowdown-recession-622a3be4>
+, of course:
Vernor Vinge: A Fire Upon the Deep <https://archive.org/details/fireupondeep00ving_0/mode/1up>
Get full access to Brad DeLong's Grasping Reality at braddelong.substack.com/subscribe
PODCAST: "Hexapodia" is þe Key Insight! XXXV: Putin's Surprise Attack on Ukraine, wiþ Special Guest Kamil Galeev
"Hexapodia" Is the Key Insight: by Noah Smith & Brad DeLong
03/09/22 • 68 min
We Truly Did Not Have History Rhyming to the Spanish Civil War on Our 2022 Bingo Card!...
Subscribe to get this in your email inbox. Become a paid subscriber if... I will not say that this ‘Stack will cease to exist without paying subscribers. I will say that the frequency of this ‘Stack depends on enough people being paying subscribers for me to feel under a sense of obligation to prioritize this, rather than something else. And I will say that the survival of our civilization may well depend on our reattaining a functional, rational public sphere—and that subscribing to ‘Stacks that you find useful may well be the most productive thing you can do to help make that happen
Thank you for reading Brad. Please share this with anyone who you think will find it useful.
Key Insights:
Putin’s decision to invade came as a great surprise to everyone.
The information flow to Putin is very bad, very low quality.
Muscovy, St. Petersburg, Novgorod, Minsk, Kyiv are all ‘Rus.
But the cultural, political, and linguistic differences between Kyivan and Muscovite ‘Rus are surprisingly deep, historically speaking.
Economic sanctions can do a lot to degrade Russia’s war-fighting machine, and should be used to do so.
Bounties and rewards for defectors and for the neutralization of equipment might be very effective, and should be promoted.
Countries and régimes run on myth, and military defeat is the most effective way that a pernicious myth gets destroyed.
Be afraid, be very afraid: Putin’s survival—his personal political, the causes he has invested his life in, and perhaps his mortal—depend on his “winning” in some sense.
If appeasement of Putin could be made to work, it might well be worth trying.
But it is highly unlikely that appeasement of Putin could be made to work.
Really-existing Putinite petro-kleptocracy looks worse than really-existing Brezhnevite socialism.
References:
ChinaTalk: Russia's Pivot to Asia From Czars to Putin
Kamil Galeev: Why Russia Will Lose
Kamil Galeev: Twitter <https://twitter.com/kamilkazani>
Wilson Center: Kamil Galeev <https://www.wilsoncenter.org/person/kamil-galeev>
+, of course:
Vernor Vinge: A Fire Upon the Deep <https://archive.org/details/fireupondeep00ving_0/mode/1up>
You can now read Brad DeLong's Grasping Reality in the new ‘Stack app for iPhone—but not (YET) Android.
The ‘Stack Communications Apparat says: “With the app, you’ll have a dedicated Inbox for my ‘Stack and any others you subscribe to. New posts will never get lost in your email filters, or stuck in spam. Longer posts will never cut-off by your email app. Comments and rich media will all work seamlessly. Overall, it’s a big upgrade to the reading experience. If you do not have an “Apple device”, you can join the Android waitlist here.”
I have been a beta tester for the iPhone ‘Stack app. The use case I have found for it is as a podcast player— using Apple's text-to-speech feature for ‘Stacks that do not have attached audio podcasts. It has, so far, been a very very good experience.
Get full access to Brad DeLong's Grasping Reality at braddelong.substack.com/subscribe
PODCAST: Hexapodia XIV: Þe Capital Gains Tax
"Hexapodia" Is the Key Insight: by Noah Smith & Brad DeLong
05/12/21 • 34 min
Key Insights:
Economic arguments against higher taxes that may have been somewhat plausible back in the days of 70% or so maximum individual and 40% or so maximum capital gains tax rates simply do not apply now.
Right-wing parties that don't think they can credibly make the argument that cosseting their core constituencies is necessary for rapid economic growth search for some non-economic cleavage in which the rich and the right-thinking poor, or the right-colored poor, can be on one side and the people who seek a fairer and more equal distribution of income and higher taxes on the rich can be put on the other—let's all yell about critical race theory, and maybe they won't pay attention to the fact that we just, you know, take everybody's money.
Capital to fund investment is really not a big constraint right now—incentivizing savings in financial assets really is just pushing on a string.
Companies with investments that have high societal value in expansion need to be properly incentivized—either by the smell of more profits next year from serving a larger market with lower costs of production through larger scale, or through the government paying and so getting prices righter than the free market gets them.
“Doge coin” is pronounced with a soft “g” sound.
No, Doge coin is not named after the title of the head of state of the Venetian Republic
Doge coin’s name comes from the Homestar Runner line: “I want a doge”...
Hexapodia!
References:
Len Burman (2021): Biden Would Close Giant Capital Gains Loopholes—At Least For The Rich <https://www.taxpolicycenter.org/taxvox/biden-would-close-giant-capital-gains-loopholes-least-rich>
Peter Diamond & James Mirrlees (1971): Optimal Taxation and Public Production I: Production Efficiency <https://www.jstor.org/stable/1910538>
Peter Diamond & James Mirrlees (1971): Optimal Taxation and Public Production II: Tax Rules <https://assets.aeaweb.org/asset-server/journals/aer/top20/61.3.261-278.pdf>
Ken Judd (1999): Optimal Taxation and Spending in General Competitive Growth Models <http://darp.lse.ac.uk/PapersDB/Judd_(JPubE_99).pdf>
Paul Krugman (2021): Why Doesn’t Cutting Taxes on the Wealthy Work? <https://www.nytimes.com/2021/04/30/opinion/tax-cuts-rich.html>
Jacob Lundberg & Johannes Nathell (2021): Tax Burden on Capital Income: International Comparison <https://taxfoundation.org/tax-burden-on-capital-income/>
Robert McClelland (2021): Avoiding Biden’s Proposed Capital Gains Tax Hikes Won’t Be So Easy. Or Will It? <https://www.taxpolicycenter.org/taxvox/avoiding-bidens-proposed-capital-gains-tax-hikes-wont-be-so-easy-or-will-it>
Alicia Munnell (2021): Biden’s Plan to Fully Tax Capital Gains Is Good Policy<https://www.marketwatch.com/story/bidens-plan-to-fully-tax-capital-gains-is-good-policy-11620658190>
Garrett Watson & Erica York (2021): Capital Gain Rates Under Biden Tax Plan<https://taxfoundation.org/biden-capital-gains-tax-rates/>
Thomas Piketty & Emmanuel Saez (2012): A Theory of Optimal Capital Taxation <http://gesd.free.fr/w17989.pdf>
Ludwig Straub & Ivan Werning (2020): Positive Long-Run Capital Taxation: Chamley-Judd Revisited <https://www.aeaweb.org/articles?id=10.1257/aer.20150210>
Tax Foundation (2017): Preliminary Details and Analysis of the Tax Cuts and Jobs Act <
PODCAST: Hexapodia XII: Þe Cambridge Capital Controversy
"Hexapodia" Is the Key Insight: by Noah Smith & Brad DeLong
04/28/21 • 35 min
Key Insights:
Getting the rate of profit—the sums that are charged businesses for renting machines and renting space, and for access to the generalized social power to deploy resources that is finance—right is a very, very important thing to do. Why? Because the market economy is a complicated institutional calculating machine for determining how to promote societal wellbeing. It cannot do its job if it cannot see the the constraints imposed on us by nature and current technology. And having the market get the profit rate right is a very important part of that. To say “it’s all ideology” or “it’s all power” or “it’s all distribution” and go the full Sraffa production-of-commodities-by-means-of-commodities is to miss a truly powerful, relevant, and important insight. That’s the strongest statement of what the Cambridge, Massachusetts-MIT side was really getting at—or ought to have been getting at, although they phrased it badly and inaccurately.
If we attempt to use toy mathematical models applied to macro aggregates to say anything quantitative about whether business owners are getting paid “too much” or “too little”, we will fail embarrassingly. Therefore we should never use toy models to do that.
To say that the market-equilibrium profit rate is the optimal one from the perspective of societal well-being is to commit the pseudo-pharisaical mistake of reversing the order of importance. Rather, recognize: the market was made for man, not man for the market.
The particular language in which the economists of the 1960s carried out this debate was extremely poorly suited to shed light. They cared deeply, they wrote angrily, and most of what they wrote was drivel. So: whenever you are having a discussion, if you want to learn or teach anything, first do this: try hard to figure out what issues really are, and then try hard to figure out what is the right language to talk about these issues.
As always, the key insight is: “Hexapodia”.
“It was not called the ‘net of a million lies’ for nothing...”
References:
Roger E. Backhouse: MIT & the Other Cambridge <http://web.archive.org/web/20150906001312/http://paulromer.net/wp-content/uploads/2015/08/History-of-Political-Economy-2014-Backhouse-252-71.pdf>
Christopher Bliss: Capital Theory & the Distribution of Income <https://books.google.com/books?id=NzejBQAAQBAJ>
Edwin Burmeister: On the Social Significance of the Reswitching Controversy<https://www.jstor.org/stable/24696693>
Joan Robinson: The Production Function & the Theory of Capital <http://theme.univ-paris1.fr/M1/hpe/HPEM1-TD4.pdf>
Joan Robinson: Quotes <https://www.azquotes.com/author/32076-Joan_Robinson>
Joan Robinson: What Are the Questions? <https://www.jstor.org/stable/2722966>
Barkley Rosser: The Legacy of Joan Robinson <https://econospeak.blogspot.com/2016/05/the-legacy-of-joan-robinson.html>
Paul Samuelson: A Summing-Up <https://www.jstor.org/stable/1882916>
Beatrice Sherrier: ‘Having fun re-reading the Solow-Robinson correspondence... <https://twitter.com/Undercoverhist/status/1012901739899576320>
Robert M. Solow: The Production Function & the Theory of Capital <https://academic.oup.com/restud/article/23/2/101/1538444>
Robert M. Solow & Joseph E. Stiglitz: Output, Employment, & Wages in the Short Run <https://www.jstor.org/stable/1879599>
PODCAST: Hexapodia LVI: Economic Development: Oks & Williams, Rodrik & Stiglitz
"Hexapodia" Is the Key Insight: by Noah Smith & Brad DeLong
01/20/24 • 67 min
& a start-of-the-semester academic-email-addresses-only paid-subscription sale:
Key Insights:
Young whippersnappers Oks and Williams are to be commended for being young, and whippersnapperish—but we disagree with them.
Contrary to what Brad thought, the fertility transition in Africa really has resumed.
The problem of how you provide mass employment for people is different than the problem of how you increase your economy’s productivity by building knowledge capital, infrastructure, and other forms of human capital.
It is important to keep those straight and distinguished in your mind.
Commodity exporting should be viewed as a distinct development strategy from industrialization, and indeed from everything else.
Sometime during the plague, Brad DeLong really did turn into a grumpy old man yelling at clouds. It's time that he should own that.
People should take another look at the pace of South and Southeast Asian economic development. It is a very different world than it was 25 years ago.
Thus if you are basing your view on memories of or on books written based on memories of how things were 25 years ago, you are going to get it wrong. BIGTIME wrong.
Only the Federal Reserve can get away with saying “it’s context dependent”. All the rest of us have to put forward Grand Narratives—false as they all are—if we want to actually be useful.
Hexapodia
References:
Bongaarts, John. 2020. "Trends in fertility and fertility preferences in sub-Saharan Africa: the roles of education and family planning programs." Genus 76: 32. <https://genus.springeropen.com/articles/10.1186/s41118-020-00098-z>
Kremer, Michael, Jack Willis, & Yang You. 2021. "Converging to Convergence." National Bureau of Economic Research, Working Paper 29484, November 2021. <https://www.nber.org/papers/w29484>
Oks, David, & Henry Williams. 2022. "The Long, Slow Death of Global Development." American Affairs 6:4 (November). <https://americanaffairsjournal.org/2022/11/the-long-slow-death-of-global-development/>.
Patel, Dev, Justin Sandefur, & Arvind Subramanian. 2021. "The new era of unconditional convergence." Journal of Development Economics 152. <https://ideas.repec.org/a/eee/deveco/v152y2021ics030438782100064x.html>.
Perkins, Dwight. 2021. "Understanding political influences on Southeast Asia's development experience." Fulbright Review of Economics and Policy 1, no. 1: 4-20. <https://www.emerald.com/insight/content/doi/10.1108/FREP-03-2021-0021/full/html>.
Rodrik, Dani, & Joseph E. Stiglitz. 2024. "A New Growth Strategy for Developing Nations." <https://drodrik.scholar.harvard.edu/research-papers>.
World Bank. 2023. "South Asia Development Update October 2023: Economic Outlook." <https://www.worldbank.org/en/region/sar/publication/south-asia-development-update>.
+, of course:
Vinge, Vernor. 1992. A Fire Upon the Deep. New York: TOR. <https://archive.org/details/fireupondeep00ving_0>.
Get full access to Brad DeLong's Grasping Reality at braddelong.substack.com/subscribe
PODCAST: Hexapodia LV: The Forthcoming Successful Development of the Asia Circle, & Dehyperglobalization
"Hexapodia" Is the Key Insight: by Noah Smith & Brad DeLong
12/04/23 • 59 min
Key Insights:
Finally, at long last, over the next two generations the tide is likely to be flowing strongly toward near-universal global development...
The fear was that dehyperglobalization would rob poorer countries of their ability to develop the export comparative advantages to support the manufacturing engineering clusters they need for learning by doing, establishing a good educational system, and converging to global North standards of living...
This fear appears to have been very overblown...
Optimism about future income growth and globalization is warranted because India has more people in it than Africa: the Asia Circle from Japan to Pakistan and down to Indonesia and up to Mongolia is and always has been half the human race. And South Asia and Southeast Asia are now in gear...
As long as dealing with global warming does not absorb too many of the resources that could otherwise be devoted to income growth...
This is true even though the great wave of increasing international trade intensity and integration that began in 1945 came to an end in 2008...
Even so, since 2008 there has still been increasing global integration in the flow of ideas and the growing interdependence of value chains...
A substantial part of the post-2008 reversal of globalization was partially due to China onshoring its supply chains—the pre-2008 situation in which China's manufacturing knowledge was vastly behind its manufacturing intensity was highly unstable...
This, however, hinges sufficient state capacity—which is not just the ability to do infrastructure and reorganize your economy, but also have people's stuff not get stolen from them either by local thieves or by government functionaries...
Distributional issues are another potential key blockage—the benefits of technological change flow to the global north, or to a small predatory internal élite, or the market economy's distribution goes spontaneously awry...
But there is the question of how much distribution matters in a rich world where few are starving—matters for social power, yes, and for whatever happinesses flow from that, but does distribution matter otherwise?
Countries in the Middle East, Africa, and Latin America may be stubborn development problems for generations, however...
That beside, the basic mission of industrialization to uplift the human world out of poverty is likely to be complete by 2050 if we are lucky, by 2100 if we are not...
There is good reason to think that the next generation will be for the world better and more impressive than the last generation. And the last generation was, on a world scale, you know, better and more impressive than was the post-WWII Thirty Glorious Years in the North Atlantic...
Future guests, possibly?: Dietz Vollrath, Arvind Subramanian, Charlie Stross...
Hexapodia!
References:
Fourastié, Jean. 1979. Les Trente Glorieuses, ou la révolution invisible de 1946 à 1975. Paris: Fayard. <https://www.amazon.com/dp/B00TAVRU4Y>.
Subramanian, Arvind, Martin Kessler, & Emanuele Properzi. 2023. "Trade Hyperglobalization is Dead. Long Live...?" Peterson Institute for International Economics Working Paper, No. 23-11. <https://www.piie.com/sites/default/files/2023-11/wp23-11.pdf.>.
Stross, Charles. 2005. Accelerando. New York: Ace Books. <https://www.penguinrandomhouse.com/books/294259/accelerando-by-charles-stross/>
Vollrath, Dietrich. 2020. Fully Grown: Why a Stagnant Economy Is a Sign of Success. Chicago: University of Chicago Press. <https://press.uchicago.edu/ucp/books/book/chicago/F/bo44520849.html>.
+, of course:
Vinge, Vernor. 1992. A Fire Upon the Deep. New York: TOR. <https://archive.org/details/fireupondeep00ving_0>.
Get full access to Brad DeLong's Grasping Reality at braddelong.substack.com/subscribe
PODCAST: “Hexapodia” Is þe Key Insight XXXI: History, Slavery, & National Narratives
"Hexapodia" Is the Key Insight: by Noah Smith & Brad DeLong
11/29/21 • 70 min
Key Insights:
Nearly all successful political movements over the past 150 years have been strongly nationalistic
A successful cosmopolitanism must therefore be a nationalistic cosmopolitanism—one that says your country is great because it learns from and has important things to teach other nations.
We—somewhat surprisingly—find ourselves endorsing and agreeing with Matthew Desmond’s claim that an important root of some facets of American capitalism is found on the plantation.
We endorse Sandy Darity and Darrick Hamilton’s calls for reparations,
We enthusiastically and positively give a shout-out to the highly patriotic Nikole Hannah Jones and her contention that the 1619 founding makes African-Americans the most quintessential representatives of the good side of American nationalism
You cannot be a real patriot if you do not care about dealing with your country’s flaws—Carl Shurz: “My country, right or wrong; if right, to be kept right; and if wrong, to be set right!”
Wokeness is 21st century Puritan Protestantism—to build a City Upon a Hill and become a Light Unto the Nations, with a key part of that building composed of our confession that we are the unworthy who must place our hearts on the altar of and tremble before the Almighty .
It is important to mean it: to repent, to take responsibility, to not just say that America owes reparations, but to work to make America pay what it owes.
This podcast appears to be our version of: Three strongly patriotic white guys stand up for ‘Murka!
Hexapodia!
References:
Ed Baptist: The Half Has Never Been Told: Slavery & the Making of American Capitalism <https://www.google.com/books/edition/The_Half_Has_Never_Been_Told/dSrXCwAAQBAJ>
Trevor Burnard: Edward Baptist, Slavery and Capitalism <http://trevorburnard.com/wordpress/?p=30>Matthew Desmond: In Order to Understand the Brutality of American Capitalism, You Have to Start on the Plantation <https://www.nytimes.com/interactive/2019/08/14/magazine/slavery-capitalism.html>
John J. Clegg: Capitalism and Slavery <https://www.jstor.org/stable/10.1086/683036>
Nikole Hannah Jones: Our Democracy’s Founding Ideals Were False When They Were Written. Black Americans Have Fought to Make Them True <https://www.nytimes.com/interactive/2019/08/14/magazine/black-history-american-democracy.html>
P.R. Lockhart & Ed Baptist: How Slavery Became America’s First Big Business <https://www.vox.com/identities/2019/8/16/20806069/slavery-economy-capitalism-violence-cotton-edward-baptist>
Alan L. Olmstead & Paul W. Rhode: Cotton, Slavery, & the New History of Capitalism <https://web.law.columbia.edu/sites/default/files/microsites/law-economics-studies/olmstead_-_cotton_slavery_and_history_of_new_capitalism_131_nhc_28_sept_2016.pdf>
Ernst Renan: What Is a Nation? <https://web.archive.org/web/20110827065548/http://www.cooper.edu/humanities/core/hss3/e_renan.html>
+, of course:
Vernor Vinge: A Fire Upon the Deep <https://books.google.com/books?id=fCCWWgZ7d6UC>
Get full access to Brad DeLong's Grasping Reality at braddelong.substack.com/subscribe
INTERVIEW: Inflation Concerns in þe US Following Secretary Treasury Janet Yellen's...
"Hexapodia" Is the Key Insight: by Noah Smith & Brad DeLong
05/14/21 • 11 min
Brad DeLong: INTERVIEW: Inflation Concerns in the US Following Secretary Treasury Janet: ‘Apple Podcasts: tbs eFM This Morning: 0514 IN FOCUS... <https://podcasts.apple.com/kr/podcast/0514-in-focus-2-inflation-concerns-in-us-following/id1038822609?i=1000521665790&l=en>
Get full access to Brad DeLong's Grasping Reality at braddelong.substack.com/subscribe
PODCAST: Hexapodia XI: China: Its Industrial Policy, & Its Striving for Deweaponized Autarchy
"Hexapodia" Is the Key Insight: by Noah Smith & Brad DeLong
04/21/21 • 43 min
Key Insights:
Brad DeLong: “I have one key insight: everyone should subscribe to Foreign Affairs and read Dan Wang’s forthcoming piece...”
Noah Smith: “There are no good models in history for what China is doing...”
Dan Wang: “There are lots of questions about industrial policy that it is very difficult to answer...”
And as always, the last key insight is: Hexapodia!
References:
Ian Cutress: TSMC: We have 50% of All EUV Installations, 60% Wafer Capacity <https://www.anandtech.com/show/16042/tsmc-we-have-50-of-all-euv-installations-60-wafer-capacity>
Ian Cutress: Intel’s x86 Designs No Longer Limited to Intel on Intel: IP Blocks for Foundry, Cores on TSMC <https://www.anandtech.com/show/16575/intels-x86-designs-no-longer-limited-to-intel-on-intel-ip-blocks-for-foundry-cores-on-tsmc>
Ian Cutress: US Charges Huawei for Technology Theft & Violating Sanctions, China Rebukes "Unreasonable Crackdown" <https://www.anandtech.com/show/13911/us-charges-huawei-for-technology-theft-violating-sanctions-china-rebukes-unreasonable-crackdown>
Henry Farrell & Abraham Newman: Weaponized Globalization: Huawei & the Emerging Battle over 5G Networks
Henry Farrell & Abraham Newman: Weaponized Interdependence: How Global Economic Networks Shape Coercion & Surveillance <https://www.dropbox.com/s/cbv95thldv2dzro/%20Post%20Proofreading%20Weaponized%20Interdependence_IS_Submission.docx?dl=0>
Andrei Frumusanu: Intel 3rd Gen Xeon Scalable (Ice Lake SP) Review: Generationally Big, Competitively Small <https://www.anandtech.com/show/16594/intel-3rd-gen-xeon-scalable-review>
Andrei Frumusanu: Apple Announces The Apple Silicon M1: Ditching x86 - What to Expect, Based on A14 <https://www.anandtech.com/show/16226/apple-silicon-m1-a14-deep-dive>
Andrei Frumusanu: The 2020 Mac Mini Unleashed: Putting Apple Silicon M1 to the Test <https://www.anandtech.com/show/16252/mac-mini-apple-m1-tested>
Andrei Frumusanu: TSMC Confirms Halt to Huawei Shipments In September <https://www.anandtech.com/show/15915/tsmc-confirms-halt-to-huawei-shipments-in-september>
Barry Naughton: Growing Out of the Plan: Chinese Economic Reform, 1978-1993 <https://books.google.com/books?id=LzzgQP0BX34C>
Barry Naughton: The Rise of China's Industrial Policy, 1978 To 2020 <https://books.google.com/books?id=1xdezgEACAAJ>
Yingyi Qian: How Reform Worked in China: The Transition from Plan to Market <https://books.google.com/books?id=eKZADwAAQBAJ>
Anton Shilov: ASML Ramps Up EUV Scanners Production: 35 in 2020, Up to 50 in 2021 <https://www.anandtech.com/show/15428/asml-ramps-up-euv-scanners-production-35-in-2020-45-50-in-2021>
Dan Wang: 2020 Letter <https://danwang.co/2020-letter>
&, of course:
PODCAST: Hexapodia LIV: We Go Off Message with Special Guest Brian Beutler
"Hexapodia" Is the Key Insight: by Noah Smith & Brad DeLong
10/11/23 • 54 min
The SubStackLand community gains another valuable member. We welcome him to the NFL SubStackLand:
Key Insights:
Bing-AI says “Brian Beutler” is pronounced “Bryan Bootler”—that is, rhymes with “lion shooter”, which shows how far political incorrectness has penetrated Silicon Valley...
Noah has figured out a solution to his problem of losing the screws to his microphone stand: duct tape...
This started with Brad poking Brian on his belief there was a golden age of comity, common purpose, and energy in the left-of-center political sphere back in 2005 to 2008—saying that this misconceived as all mourning for a lost golden age is misconceived...
Noah and Brad today welcome Brian to SubStackLand, he having just created a substack and done 16 substantive posts in two weeks, which is a trult amazing rate of production...
Brian’s key insight is that since the start of 2019 Democrats have been amazingly, alarmingly, disappointingly timid in not aggressively going after every corner of TrumpWorld for its corruption, and doing so again and again and again...
Brian is, in a sense, the quantum-mechanical antiparticle to some combination of Matt Yglesias and David Schor...
Brian believes he coined the term “popularism”...
Back in 2005-2008 nobody said that Nancy Pelosi and Harry Reid were sabotaging their own party by encouraging Barack Obama to run in the primaries...
Judging by results, the current strategy of the Democratic Establishment is doing rather well: a plus three standard-deviation outcome in the 2022 midterms, for example...
That midterm result may be because, by our count no fewer than seven of the nine justices had assured senators that Roe v. Wade was “settled law”. And four of those seven then voted to overturn it in Dobbs...
Biden really cares about safeguarding democracy, and his actions should all be viewed with that in mind...
Hexapodia!
References:
Brian Beutler: Off Message SubStack <https://offmessage.net/>
Scattered Thoughts On Israel, Hamas, Gaza, And Related Matters: A possibly ill-advised post
VIDEO: How Trump Normalization Really Works: Why the political media slept on Trump's call for Mark Milley's death and other baffling decisions
Charts To A Gun Fight: How the Fighting Democrats of 2007 became the timid, focus-grouped party of today.
Trump Reaches A Fateful Crossroads: We should welcome it, but acknowledge the peril
Thursday Thread And AMA: Kind of a lot's happened since the last one
"The Most Important Issue In Our Politics": A Q&A with John Harwood on his interview with Joe Biden about threats to democracy
Five Thoughts On Karmic McCarthy: For now, we schadenfreude
VIDEO: How Profit Motive Distorts The News: And why liberals and Democrats should talk about it
The Era Of Hostage Taking And Small Ransoms: Republicans made Ukraine aid the price of avoiding a shutdown. Where does it end?
The Democrats' Lost September: You guys awake?
Breaking Down The GOP Debate: Reaction chats with Matthew Yglesias and Crooked Media's What A Day podcast
Wednesday Debate Thread: Let's watch Republicans be weird and scary together!
Baggage Check: Life disclosures, so readers can know me, and where I come from, a little better
VIDEO: Why The News Struggles To Say Republicans Are Responsible For The Government Shutdown: And why the public is likely to catch on anyhow
Biden Should Work The Media Refs On Impeachment: Everyone knows the impeachment is b.s., so he should say that
Welcome to Off Message: Refuge from a world gone mad
Thomas Babington Macaulay: Horatius at the Bridge <https://englishverse.com/poems/horatius>
Plutarch: Life of Tiberius Gracchus <https://penelope.uchicago.edu/Thayer/E/Roman/Texts/Plutarch/Lives/Tiberius_Gracchus*.html>
+, of course:
Vernor Vinge: A Fire Upon the Deep <https://archive.org/details/fireupondeep00ving_0/mode/1up>
Lost Past Golden Ages:
Thomas Babington Macaulay: Horatius at the Bridge:
‘[Then] Romans in Rome’s quarrel Spared neither land nor gold, Nor son nor wife, nor limb nor life, In the brave days of old.Then none was for a party; Then all were for the state;Then the great man helped the poor, And the poor man loved ...
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FAQ
How many episodes does "Hexapodia" Is the Key Insight: by Noah Smith & Brad DeLong have?
"Hexapodia" Is the Key Insight: by Noah Smith & Brad DeLong currently has 63 episodes available.
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The podcast is about Podcasts, Social Sciences, Science and Business.
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The episode title 'PODCAST: "Hexapodia" is þe Key Insight! XXXVII: A Meta-Podcast on the Ezra Klein Show, Larry Summers Edition; or, The Inflation Outlook Again' is the most popular.
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The average episode length on "Hexapodia" Is the Key Insight: by Noah Smith & Brad DeLong is 52 minutes.
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Episodes of "Hexapodia" Is the Key Insight: by Noah Smith & Brad DeLong are typically released every 12 days, 7 hours.
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The first episode of "Hexapodia" Is the Key Insight: by Noah Smith & Brad DeLong was released on Feb 10, 2021.
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