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← The software job losses of the past few years were caused more by the…
17 connected korrents · 14 moments on record from 5 Sept 2010 to 21 Aug 2026. Nearly all of them are about interest rates .
Everything filed under LLMs
LLMs
Everything filed under public debt
public debt
Everything filed under inflation
inflation
Everything filed under fiscal policy
fiscal policy
Everything filed under quantitative easing
quantitative easing
Everything filed under formal proof
formal proof Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Read this korrent: The software job losses of the past few years were caused more by the end of zero-interest-rate money and the post-COVID crash than by AI. The software job losses of the past few years were caused more by the end of zero-interest-rate money and the post-COVID crash than by AI. Last stated a month ago
29 Jul 2026
HW
Hillel Wayne — holds since 2026-07-29 — 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 the fat tails it can imagine, not against the stress test its regulator 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 a self-fulfilling ('sunspot') debt crisis simply by credibly committing to buy as many bonds as needed at the 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 economy is already at potential output prompts monetary tightening that dampens or eliminates its effect on output. Last stated 4 years ago
1 Jun 2022
OB
Olivier Blanchard — holds since 2022-06-01 — tap for who they are
Same subject: A government's debt dynamics are a household's or a company's, except that it can print money and tax -- and those two powers are what change the ending. — tap to centre the map on it A government's debt dynamics are a household's or a company's, except that it can print money and tax -- and those two powers are what change the ending. Last stated 2 weeks ago
21 Aug 2026
RD
Ray Dalio — holds since 2026-08-21 — tap for who they are
Same subject: A longer average debt maturity protects a government from temporary interest-rate spikes and gives it more time to adjust to permanent rate increases. — tap to centre the map on it A longer average debt maturity protects a government from temporary interest-rate spikes and gives it more time to adjust to permanent rate increases. Last stated 4 years ago
1 Jun 2022
OB
Olivier Blanchard — holds since 2022-06-01 — tap for who they are
Same subject: A persistently low safe interest rate signals that capital is not very productive at the margin, an underlying economic problem rather than a policy variable. — tap to centre the map on it A persistently low safe interest rate signals that capital is not very productive at the margin, an underlying economic problem rather than a policy variable. Last stated 4 years ago
1 Jun 2022
OB
Olivier Blanchard — holds since 2022-06-01 — tap for who they are
Same subject: Aggressive quantitative easing should raise long-term interest rates, because effective monetary stimulus raises them. — tap to centre the map on it Aggressive quantitative easing should raise long-term interest rates, because effective monetary stimulus raises them. Last stated 16 years ago
6 Sept 2010
SS
Scott Sumner — holds since 2010-09-05 — tap for who they are
SS
Scott Sumner — no longer holds since 2010-09-06 — tap for who they are
Same subject: Canceling government bonds held by a central bank creates no fiscal space, because the reduction in government interest payments is exactly offset by an equal reduction in the profits the central bank remits to the government. — tap to centre the map on it Canceling government bonds held by a central bank creates no fiscal space, because the reduction in government interest payments is exactly offset by an equal reduction in the profits the central bank remits to the government. Last stated 4 years ago
1 Jun 2022
OB
Olivier Blanchard — holds since 2022-06-01 — tap for who they are
Same subject: A language model is no substitute for a well-specified conventional algorithm, so it cannot simply be dropped into a complex problem and trusted. — tap to centre the map on it A language model is no substitute for a well-specified conventional algorithm, so it cannot simply be dropped into a complex problem and trusted. Last stated a year ago
7 Jun 2025
GM
Gary Marcus — holds since 2025-06-07 — tap for who they are
Same subject: A language model is not using language at all, because language requires an intention to communicate. — tap to centre the map on it A language model is not using language at all, because language requires an intention to communicate. Last stated 2 years ago
31 Aug 2024
TC
Ted Chiang — holds since 2024-08-31 — tap for who they are
Same subject: A language model's apparent mind is mostly our own bias: it predicts text, and leverages our evolved habit of attributing intentionality to anything that acts human. — tap to centre the map on it A language model's apparent mind is mostly our own bias: it predicts text, and leverages our evolved habit of attributing intentionality to anything that acts human. Last stated 2 years ago
22 Apr 2024
SC
Sean Carroll — holds since 2024-04-22 — 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 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. 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 at least somewhat to the inflation of 2021-2022. Last stated 4 years ago
25 Jul 2022
NS
Noah Smith — holds since 2022-07-25 — tap for who they are
Same subject: Data centres had not raised the average American household's electricity bill as of 2025; inflation and the gas-price shock did. — tap to centre the map on it Data centres had not raised the average American household's electricity bill as of 2025; inflation and the gas-price shock did. Last stated 11 months ago
10 Oct 2025
AM
Andy Masley — holds since 2025-10-10 — tap for who they are
Same subject: AI-written code makes formal proof necessary, because human review of all that generated code becomes the bottleneck. — tap to centre the map on it AI-written code makes formal proof necessary, because human review of all that generated code becomes the bottleneck. Last stated 5 months ago
22 Apr 2026
MK
Martin Kleppmann — holds since 2026-04-22 — tap for who they are
Same subject: Formal verification is about to become economical, because models are getting good enough at writing the proofs that humans no longer have to. — tap to centre the map on it Formal verification is about to become economical, because models are getting good enough at writing the proofs that humans no longer have to. Last stated 5 months ago
22 Apr 2026
MK
Martin Kleppmann — holds since 2026-04-22 — tap for who they are
Same subject: Formalising a proof in Lean currently takes about ten times the effort of writing it out: doable, but annoying. — tap to centre the map on it Formalising a proof in Lean currently takes about ten times the effort of writing it out: doable, but annoying. Last stated a year ago
14 Jun 2025
TT
Terence Tao — holds since 2025-06-14 — tap for who they are
At the centre
The software job losses of the past few years were caused more by the end of zero-interest-rate money and the post-COVID crash than by AI.
Holds HW Hillel WayneRead this korrent →
A bank should be managed against the fat tails it can imagine, not against the stress test its regulator hands it.
Holds JD Jamie Dimon
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.
Holds
A fiscal expansion when the economy is already at potential output prompts monetary tightening that dampens or eliminates its effect on output.
Holds
A government's debt dynamics are a household's or a company's, except that it can print money and tax -- and those two powers are what change the ending.
Holds
A longer average debt maturity protects a government from temporary interest-rate spikes and gives it more time to adjust to permanent rate increases.
Holds
A persistently low safe interest rate signals that capital is not very productive at the margin, an underlying economic problem rather than a policy variable.
Holds
Aggressive quantitative easing should raise long-term interest rates, because effective monetary stimulus raises them.
No longer holds SS Scott Sumner
Canceling government bonds held by a central bank creates no fiscal space, because the reduction in government interest payments is exactly offset by an equal reduction in the profits the central bank remits to the government.
Holds
A language model is no substitute for a well-specified conventional algorithm, so it cannot simply be dropped into a complex problem and trusted.
Holds GM Gary Marcus
A language model is not using language at all, because language requires an intention to communicate.
Holds TC Ted Chiang
A language model's apparent mind is mostly our own bias: it predicts text, and leverages our evolved habit of attributing intentionality to anything that acts human.
Holds SC Sean Carroll
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.
Holds TP Thuan Pham
Cash welfare benefits contributed at least somewhat to the inflation of 2021-2022.
Holds
Data centres had not raised the average American household's electricity bill as of 2025; inflation and the gas-price shock did.
Holds AM Andy Masley
AI-written code makes formal proof necessary, because human review of all that generated code becomes the bottleneck.
Holds MK Martin Kleppmann
Formal verification is about to become economical, because models are getting good enough at writing the proofs that humans no longer have to.
Holds MK Martin Kleppmann
Formalising a proof in Lean currently takes about ten times the effort of writing it out: doable, but annoying.
Holds TT Terence Tao