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And what you have is when you have this unequal economy, you're giving all of the consumption power to very, very rich people. Very rich people, percentage wise, have a very low demand to consume and a massive demand to save. Basically, what these people want is assets. So the second thing you will see is an increase in asset prices, massive increase in asset prices. Because you're giving all of the money to people who are just trying to buy assets.
There's not a lot of investment opportunity. So they're buying assets, they're buying assets; they're buying assets.
Understand the Economy Part 2: What Is Wealth Inequality?
Garys Economics
It’s also silly when the moral terms of our engagement with other people are set for us by the discourse, whatever that is. And, I mean, on my less generous days, I go with it just like anyone else. The same as ordering a Lyft or ordering a hamburger because I don’t want to cook. The convenience of our moment recreated in not just our art but also our human discourse and human congress.
Massachusetts Holy Ghost - By Brandon - Sweater Weather
blgtylr.substack.com
I’m actually using GPT3 in a production system. The mistake people are making is they are asking “how can I use this to automate a smart person’s job”, when they should be asking “what would I do if I had unlimited dumb people”
Unlike Most People on Twitter, I’m Actually Using GPT3 In...
Zack Korman
...catch up on these, and many more highlights
Readwise