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washparkhorn

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Everything posted by washparkhorn

  1. Reminder—under the Debt Clause of the Fourteenth Amendment to the Constitution, the United States cannot default on the debt. Any law purporting to allow a debt default, such as the debt ceiling, is explicitly unconstitutional. For the US to default, the Constitution must be amended. The debt ceiling crisis is theater. Always has been. Section 4 of the Fourteenth Amendment: The validity of the public debt of the United States, authorized by law, including debts incurred for payment of pensions and bounties for services in suppressing insurrection or rebellion, shall not be questioned. But neither the United States nor any State shall assume or pay any debt or obligation incurred in aid of insurrection or rebellion against the United States, or any claim for the loss or emancipation of any slave; but all such debts, obligations and claims shall be held illegal and void. If Congress will not act to pay the public debt, the Executive must act to pay the bills. If Congress and the President will not act, the Court must compel payment of the debt. Threatening a default is an empty threat.
  2. 1100 feet from pad:
  3. Average hourly earnings sharply slowing. Median wage growth in a stall as phase shift appears.
  4. “A Travis County judge Thursday unsealed court records that revealed more anti-protester social media posts and messages that a jury did not see or hear while deciding whether to convict Daniel Perry on a murder charge in the death of Garrett Foster. The posts included messages such as "Black Lives Matter is racist to white people...It is official I am racist because I do not agree with people acting like monkeys," Perry wrote. Gov. Greg Abbott and Lt. Gov. Dan Patrick did not immediately respond to a request for comment on Thursday about Perry's comments on social media about calling himself a racist.” https://www.statesman.com/story/news/local/2023/04/13/daniel-perry-trial-social-media-racist-anti-protester-comments-gov-abbott-garrett-foster/70113166007/
  5. Methinks he doth protest too much:
  6. https://fortune.com/2023/04/05/end-of-capitalism-inflation-greedflation-societe-generale-corporate-profits/ The Fed’s solution: create unemployed Americans.
  7. He came looking for trouble. Dumb and criminally culpable behavior.
  8. Branch Stupidians—the whackos is Waco
  9. AI is the ultimate deflationary headwind. https://economics.mit.edu/sites/default/files/inline-files/Noy_Zhang_1.pdf We examine the productivity effects of a generative artificial intelligence technology—the assistive chatbot ChatGPT—in the context of mid-level professional writing tasks. In a preregistered online experiment, we assign occupation-specific, incentivized writing tasks to 444 college-educated professionals, and randomly expose half of them to ChatGPT. Our results show that ChatGPT substantially raises average productivity: time taken decreases by 0.8 SDs and output quality rises by 0.4 SDs. Inequality between workers decreases, as ChatGPT compresses the productivity distribution by benefiting low-ability workers more. ChatGPT mostly substitutes for worker effort rather than complementing worker skills, and restructures tasks towards idea-generation and editing and away from rough-drafting.
  10. First, they came for our ramen . . . and:
  11. Well thank goodness the Fox Reporter’s kid is okay.
  12. I went to Lamar and my daughter is at Denver East. Senseless.
  13. Moral Hazard part 3,237. When the Harvard boys are calling it a “financial crisis” — the bailouts are officially sanctioned.
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