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← Long-run GDP charts hide what matters: technologies are contingent and…

17 connected korrents · 14 moments on record from 1 Jan 2020 to 4 Jun 2026.

Everything filed under economists economists Everything filed under interest rates interest rates Everything filed under inflation inflation Same subjectSame subjectSame subjectSame subjectSame subjectSame subjectSame subjectSame subjectSame subjectSame subjectSame subjectSame subjectSame subjectSame subjectSame subjectSame subjectSame subject Read this korrent: Long-run GDP charts hide what matters: technologies are contingent and path dependent, so the same number can describe economies that work in entirely different ways. Long-run GDP charts hide what matters:technologies are contingent and pathdependent, so the same number can describeeconomies that work in entirely differentways. Last stated 4 years ago 26 Aug 2022 BD Bret Devereaux — holds since 2022-08-26 — tap for who they are Same subject: Only a handful of countries can do high technology at all, because industrial capability is path-dependent and the initial conditions are very hard to get right. — tap to centre the map on it Only a handful of countries can dohigh technology at all, becauseindustrial capability ispath-dependent and the initialconditions are very hard to getright. Last stated 7 years ago 1 Jan 2020 DW Dan Wang — holds since 2020-01-01 — tap for who they are Same subject: We are already in an intelligence explosion and have been for decades, so AI will show up as more of the same exponential rather than a break in it. — tap to centre the map on it We are already in an intelligenceexplosion and have been for decades,so AI will show up as more of thesame exponential rather than a breakin it. Last stated 11 months ago 17 Oct 2025 AK Andrej Karpathy — holds since 2025-10-17 — tap for who they are Same subject: What decides a country's fortunes is not owning the leading sector but using the leading technology to create its own comparative advantage. — tap to centre the map on it What decides a country's fortunes isnot owning the leading sector butusing the leading technology tocreate its own comparativeadvantage. Last stated 10 months ago 12 Nov 2025 SN Satya Nadella — holds since 2025-11-12 — tap for who they are Same subject: History has no predetermined path: its course turns on unpredictable contingencies rather than on deep currents that would have produced the same outcome anyway. — tap to centre the map on it History has no predetermined path:its course turns on unpredictablecontingencies rather than on deepcurrents that would have producedthe same outcome anyway. Last stated 4 years ago 26 Aug 2022 BD Bret Devereaux — holds since 2022-08-26 — tap for who they are Same subject: Most macroeconomic models cannot describe the AI transition, because they assume a single output that converts one-for-one into capital or consumption. — tap to centre the map on it Most macroeconomic models cannotdescribe the AI transition, becausethey assume a single output thatconverts one-for-one into capital orconsumption. Last stated 3 months ago 4 Jun 2026 PT Phil Trammell — holds since 2026-06-04 — tap for who they are Same subject: The world economy is flat for capital, goods and ideas, and has a legal cliff at the border for people. — tap to centre the map on it The world economy is flat forcapital, goods and ideas, and has alegal cliff at the border forpeople. Last stated 4 years ago 2 Mar 2023 LP Lant Pritchett — holds since 2023-03-02 — tap for who they are Same subject: Technology is a lever on the world -- the way to make more with less -- and productivity growth is the main driver of wages, industries and jobs. — tap to centre the map on it Technology is a lever on the world-- the way to make more with less --and productivity growth is the maindriver of wages, industries andjobs. Last stated 3 years ago 16 Oct 2023 MA Marc Andreessen — holds since 2023-10-16 — tap for who they are Same subject: The scaling curve really is S-shaped, but there are at least two cycles left in it, which means models sixteen times smarter and all knowledge work subsumed. — tap to centre the map on it The scaling curve really isS-shaped, but there are at least twocycles left in it, which meansmodels sixteen times smarter and allknowledge work subsumed. Last stated 6 months ago 11 Mar 2026 SY Steve Yegge — holds since 2026-03-11 — tap for who they are Same subject: Among the leading candidates for greatest economist of all time, Adam Smith was analytically the weakest, save perhaps Malthus. — tap to centre the map on it Among the leading candidates forgreatest economist of all time, AdamSmith was analytically the weakest,save perhaps Malthus. Last stated 3 years ago 1 Oct 2023 TC Tyler Cowen — holds since 2023-10-01 — tap for who they are Same subject: An inability to see the viewpoints of people unlike oneself is a genuine weakness in a social scientist, not merely a separate moral failing. — tap to centre the map on it An inability to see the viewpointsof people unlike oneself is agenuine weakness in a socialscientist, not merely a separatemoral failing. Last stated 3 years ago 1 Oct 2023 TC Tyler Cowen — holds since 2023-10-01 — tap for who they are Same subject: College is not a good career investment for most of the population. — tap to centre the map on it College is not a good careerinvestment for most of thepopulation. Last stated 2 years ago 19 Feb 2025 BC Bryan Caplan — holds since 2025-02-19 — tap for who they are Same subject: A company's staff-engineer bar should be set against the best companies in the industry rather than against its own history, which is what makes title inflation a real cost. — tap to centre the map on it A company's staff-engineer barshould be set against the bestcompanies in the industry ratherthan against its own history, whichis what makes title inflation a realcost. Last stated 5 months ago 1 Apr 2026 TP Thuan Pham — holds since 2026-04-01 — tap for who they are Same subject: Cash welfare benefits contributed at least somewhat to the inflation of 2021-2022. — tap to centre the map on it Cash welfare benefits contributed atleast somewhat to the inflation of2021-2022. Last stated 4 years ago 25 Jul 2022 NS Noah Smith — holds since 2022-07-25 — tap for who they are Same subject: Central bank purchases of government bonds are not bailouts and do not automatically cause inflation, since they only change the composition of the consolidated government's liabilities, not their total. — tap to centre the map on it Central bank purchases of governmentbonds are not bailouts and do notautomatically cause inflation, sincethey only change the composition ofthe consolidated government'sliabilities, not their total. Last stated 4 years ago 1 Jun 2022 OB Olivier Blanchard — holds since 2022-06-01 — tap for who they are Same subject: A bank should be managed against the fat tails it can imagine, not against the stress test its regulator hands it. — tap to centre the map on it A bank should be managed against thefat tails it can imagine, notagainst the stress test itsregulator hands it. Last stated a year ago 16 Jul 2025 JD Jamie Dimon — holds since 2025-07-16 — tap for who they are Same subject: A central bank can eliminate a self-fulfilling ('sunspot') debt crisis simply by credibly committing to buy as many bonds as needed at the low interest rate. — tap to centre the map on it A central bank can eliminate aself-fulfilling ('sunspot') debtcrisis simply by credibly committingto buy as many bonds as needed atthe low interest rate. Last stated 4 years ago 1 Jun 2022 OB Olivier Blanchard — holds since 2022-06-01 — tap for who they are Same subject: A fiscal expansion when the economy is already at potential output prompts monetary tightening that dampens or eliminates its effect on output. — tap to centre the map on it A fiscal expansion when the economyis already at potential outputprompts monetary tightening thatdampens or eliminates its effect onoutput. Last stated 4 years ago 1 Jun 2022 OB Olivier Blanchard — holds since 2022-06-01 — tap for who they are
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At the centre Long-run GDP charts hide what matters: technologies are contingent and path dependent, so the same number can describe economies that work in entirely different ways. Last stated 26 Aug 2022 · 4 years ago Holds Bret Devereaux Read this korrent →