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← There is no single interest rate in a world of rapidly cheapening…
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 robotics
robotics
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 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: There is no single interest rate in a world of rapidly cheapening robots: measured in robots it might be ten thousand per cent. There is no single interest rate in a world of rapidly cheapening robots: measured in robots it might be ten thousand per cent. Last stated 3 months ago
4 Jun 2026
PT
Phil Trammell — holds since 2026-06-04 — 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… 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… 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… 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… 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… 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… 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… 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… Last stated 4 years ago
1 Jun 2022
OB
Olivier Blanchard — holds since 2022-06-01 — tap for who they are
Same subject: A highly dynamic economy that cheaply mass-produces robots may increase rather than decrease the risk of Malthusian resource dilemmas. — tap to centre the map on it A highly dynamic economy that cheaply mass-produces robots may increase rather than decrease the risk of… Last stated 3 years ago
1 Oct 2023
TC
Tyler Cowen — holds since 2023-10-01 — tap for who they are
Same subject: A humanoid robot is the wrong tool on a factory floor, because a machine specialised in the task beats it. — tap to centre the map on it A humanoid robot is the wrong tool on a factory floor, because a machine specialised in the task beats it. Last stated a year ago
6 Apr 2025
MH
Molson Hart — holds since 2025-04-06 — tap for who they are
Same subject: A physical AI agent has to be safe on day one, because you cannot ship something merely good enough and let users find the edge cases. — tap to centre the map on it A physical AI agent has to be safe on day one, because you cannot ship something merely good enough and let users find… Last stated a month ago
3 Aug 2026
DD
Dmitri Dolgov — holds since 2026-08-03 — 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… 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… Last stated 11 months ago
10 Oct 2025
AM
Andy Masley — holds since 2025-10-10 — tap for who they are
Same subject: One pre-trained robot model now matches or beats the specialists that were fine-tuned with reinforcement learning for the very tasks they were built for. — tap to centre the map on it One pre-trained robot model now matches or beats the specialists that were fine-tuned with reinforcement… Last stated 4 weeks ago
12 Aug 2026
CF
Chelsea Finn — holds since 2026-08-12 — tap for who they are
Same subject: Reinforcement learning cannot be scaled for robots the way it was for language models, because every attempt spends real robot hours instead of data-centre compute. — tap to centre the map on it Reinforcement learning cannot be scaled for robots the way it was for language models, because every attempt spends… Last stated 4 weeks ago
12 Aug 2026
CF
Chelsea Finn — holds since 2026-08-12 — tap for who they are
Same subject: Reinforcement learning only works once a model already knows something, which is why robots must be pre-trained by imitation first. — tap to centre the map on it Reinforcement learning only works once a model already knows something, which is why robots must be pre-trained by… Last stated 12 months ago
12 Sept 2025
SL
Sergey Levine — holds since 2025-09-12 — tap for who they are
At the centre
There is no single interest rate in a world of rapidly cheapening robots: measured in robots it might be ten thousand per cent.
Holds PT Phil TrammellRead 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 highly dynamic economy that cheaply mass-produces robots may increase rather than decrease the risk of Malthusian resource dilemmas.
Holds TC Tyler Cowen
A humanoid robot is the wrong tool on a factory floor, because a machine specialised in the task beats it.
Holds MH Molson Hart
A physical AI agent has to be safe on day one, because you cannot ship something merely good enough and let users find the edge cases.
Holds DD Dmitri Dolgov
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
One pre-trained robot model now matches or beats the specialists that were fine-tuned with reinforcement learning for the very tasks they were built for.
Holds CF Chelsea Finn
Reinforcement learning cannot be scaled for robots the way it was for language models, because every attempt spends real robot hours instead of data-centre compute.
Holds CF Chelsea Finn
Reinforcement learning only works once a model already knows something, which is why robots must be pre-trained by imitation first.
Holds SL Sergey Levine