@johnhobbitson.bsky.social
Don’t worry… BNPL firms will fulfill the demand for consumer credit at usury rates (its fees not interest!).
January 10, 2026 at 2:51 AM
Don’t worry… BNPL firms will fulfill the demand for consumer credit at usury rates (its fees not interest!).
the Harvard thesis adviser?
November 19, 2025 at 4:32 AM
the Harvard thesis adviser?
It’s at Nylanders eye level?
Tbf leafs got rawdogged by the refs in the playoffs so I’ll give you this one.
Tbf leafs got rawdogged by the refs in the playoffs so I’ll give you this one.
November 16, 2025 at 1:50 AM
It’s at Nylanders eye level?
Tbf leafs got rawdogged by the refs in the playoffs so I’ll give you this one.
Tbf leafs got rawdogged by the refs in the playoffs so I’ll give you this one.
Ticky tacky replay but it’s clearly a high stick.
November 16, 2025 at 1:41 AM
Ticky tacky replay but it’s clearly a high stick.
The Fed is not even selling off its balance sheet… it’s shrinking because the securities are maturing.
November 11, 2025 at 6:04 PM
The Fed is not even selling off its balance sheet… it’s shrinking because the securities are maturing.
1. That % sounds right, but it ignores payroll taxes, which is a much more regressive tax on income.
2. The wealthy’s mpc < the middle class’ mpc, so regressive taxes hurt economic growth more than progressive taxes.
3. We should fund the government and support the economy.
2. The wealthy’s mpc < the middle class’ mpc, so regressive taxes hurt economic growth more than progressive taxes.
3. We should fund the government and support the economy.
November 8, 2025 at 2:52 AM
1. That % sounds right, but it ignores payroll taxes, which is a much more regressive tax on income.
2. The wealthy’s mpc < the middle class’ mpc, so regressive taxes hurt economic growth more than progressive taxes.
3. We should fund the government and support the economy.
2. The wealthy’s mpc < the middle class’ mpc, so regressive taxes hurt economic growth more than progressive taxes.
3. We should fund the government and support the economy.
Get the president on the phone. Tell him… to have some steak with his butter.
November 5, 2025 at 7:43 PM
Get the president on the phone. Tell him… to have some steak with his butter.
This is my favorite (relatively) brief history of money.
UpdateA Brief History of Money
Or, how we learned to stop worrying and embrace the abstraction
spectrum.ieee.org
November 4, 2025 at 11:53 PM
This is my favorite (relatively) brief history of money.
Hall’s yards per touch is #7 in the NFL on a bad offense with a bad line.
His trade value is low because he’s a rental on the last year of his contract.
His trade value is low because he’s a rental on the last year of his contract.
November 4, 2025 at 8:16 PM
Hall’s yards per touch is #7 in the NFL on a bad offense with a bad line.
His trade value is low because he’s a rental on the last year of his contract.
His trade value is low because he’s a rental on the last year of his contract.
Sure, grade inflation at Harvard and Yale hurts the signaling power of a high GPA at Harvard and Yale.
But also acceptance rates dropped significantly over time, so the standards for admission have increased. Lots of old alumni, who got Bs and Cs, would never be admitted today.
But also acceptance rates dropped significantly over time, so the standards for admission have increased. Lots of old alumni, who got Bs and Cs, would never be admitted today.
November 3, 2025 at 8:55 PM
Sure, grade inflation at Harvard and Yale hurts the signaling power of a high GPA at Harvard and Yale.
But also acceptance rates dropped significantly over time, so the standards for admission have increased. Lots of old alumni, who got Bs and Cs, would never be admitted today.
But also acceptance rates dropped significantly over time, so the standards for admission have increased. Lots of old alumni, who got Bs and Cs, would never be admitted today.
What “Academic Standards” looked like 90 years ago…
November 3, 2025 at 8:37 PM
What “Academic Standards” looked like 90 years ago…
1. If you sell at a loss, there’s no capital gains.
2. If you sell at a profit, then you benefit from avoiding taxable events earlier (time value of money).
3. Tax basis resets when you leave your assets to your heirs, so they may never pay capital gains.
2. If you sell at a profit, then you benefit from avoiding taxable events earlier (time value of money).
3. Tax basis resets when you leave your assets to your heirs, so they may never pay capital gains.
October 31, 2025 at 2:09 AM
1. If you sell at a loss, there’s no capital gains.
2. If you sell at a profit, then you benefit from avoiding taxable events earlier (time value of money).
3. Tax basis resets when you leave your assets to your heirs, so they may never pay capital gains.
2. If you sell at a profit, then you benefit from avoiding taxable events earlier (time value of money).
3. Tax basis resets when you leave your assets to your heirs, so they may never pay capital gains.
Each dividend is a taxable event, so even if you always reinvested the dividend your total return will be lower.
October 31, 2025 at 2:00 AM
Each dividend is a taxable event, so even if you always reinvested the dividend your total return will be lower.
Capital gains get better tax treatment.
October 31, 2025 at 1:41 AM
Capital gains get better tax treatment.
Are Treasury Rollovers QE or neutral?
October 29, 2025 at 8:25 PM
Are Treasury Rollovers QE or neutral?
Ehh it was a market value pizza.
He could’ve gotten back in, and the pizza seller could’ve sold.
He could’ve gotten back in, and the pizza seller could’ve sold.
October 28, 2025 at 8:34 PM
Ehh it was a market value pizza.
He could’ve gotten back in, and the pizza seller could’ve sold.
He could’ve gotten back in, and the pizza seller could’ve sold.
Haven’t seen that one, but the pull-up/ workout plan one pissed me off.
Workout plans are a dime a dozen… finding time and motivation to workout consistently is the tough part.
Workout plans are a dime a dozen… finding time and motivation to workout consistently is the tough part.
October 28, 2025 at 1:02 AM
Haven’t seen that one, but the pull-up/ workout plan one pissed me off.
Workout plans are a dime a dozen… finding time and motivation to workout consistently is the tough part.
Workout plans are a dime a dozen… finding time and motivation to workout consistently is the tough part.
Some tech, like a fishing net that helps a fisherman catch more fish, does increase productivity, but not all tech is investment.
If a quantum pc can devise more efficient methods to produce goods, like cheap alchemy, then its investment. If not, then it’s consumption.
If a quantum pc can devise more efficient methods to produce goods, like cheap alchemy, then its investment. If not, then it’s consumption.
October 27, 2025 at 3:15 PM
Some tech, like a fishing net that helps a fisherman catch more fish, does increase productivity, but not all tech is investment.
If a quantum pc can devise more efficient methods to produce goods, like cheap alchemy, then its investment. If not, then it’s consumption.
If a quantum pc can devise more efficient methods to produce goods, like cheap alchemy, then its investment. If not, then it’s consumption.
Why did you buy the quantum pc? Does it produce anything? If not, that is consumption not investment.
October 26, 2025 at 11:04 PM
Why did you buy the quantum pc? Does it produce anything? If not, that is consumption not investment.