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Cake day: 2025年6月14日

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  • An economic podcast I listen to has covered how much foreign investment the US net trade imbalance has led to, for exactly that reason: foreigners had dollars from US entities buying more stuff than they sold, those dollars had to come back to the US, and investment ended up being a huge way that happened. If the trade imbalance actually reduces, likely that investment rate will be the first thing to drop. We’ve already seen hints of it with softened demand for Treasury bonds.


  • The US has had relatively steady population growth for so long, all our normal ranges for economic indicators have an assumption of a growing population baked in, including what a healthy amount of GDP growth is - enough to both cover the prior GDP per person for the new people, and also have some productivity growth.

    This year with all the immigration policy changes (and maybe some emigration pattern changes), projections are for a population decline. Which means potentially GDP could maintain or slightly improve on a per-capita basis, and yet decline overall.

    The current policies are doing damage that will last at a minimum of decades, but I think it’s important to try to sort out the real damage from the weirdness of massive change. If we manage to get a majority of elected officials who actually want to do repairs, good analysis will be important to figuring out best bang for resources to focus on.


  • It was weirder than that. Hawley was pitching income-based check distribution (full amount for annual income below $75,000 then phased to lower amounts up to $200,000 or something like that). Then he stated that this policy of income restrictions would ensure everyone who got a check would be Republican (meaning, no Republican makes more than $200,000 a year) and would prevent Democrats from getting checks (meaning, all Democrats make more than $200,000 a year). It breaks my brain.





  • Their belief in MAGA is filling some deep psychological need. Logical reasoning around the belief is irrelevant because logic can’t activate whatever social buttons are being satisfied by their engagement with the MAGA movement.

    Research trying to figure out what makes humans susceptible to this kind of stuff and how to protect each other was a hot topic, but then Congressional Republicans launched harassing investigations into everyone in the field and the institutions that supported their work, and of course the current executive branch has entrenched that fear. Gotta keep the victims coming to the grifter trough.










  • Once we are confronted with a situation that extends past our moral gray area and into firmly awful territory, nothing beyond that point is any deeper shade of gray - it is all equally morally black. So person A with a wide moral gray area sees a thousand people on the path to senseless death, and an alternative path of senseless death for two thousand people, and finds one thousand deaths a reasonable choice given bad options. Person B with a narrow moral gray area sees the same options and no moral difference - both choices are equally morally black. They rail against the options and see no value in trying to reduce the deaths by one thousand, because that’s not enough to bring the situation into their moral gray zone.


  • “We need to be cautious!” would be much more compelling if the standard medical approach to trans minors was not already immensely cautious.

    The standard may be cautious, but a significant number of individual clinicians are not. But pointing out that a concerning number of care providers have looser-than-standard medical approaches gets the speaker attacked as a traitor to the cause.

    Bolding mine, quite from https://www.theatlantic.com/ideas/archive/2025/06/transgender-youth-skrmetti/683350/

    When red-state bans are discussed, you will also hear liberals say that conservative fears about the medical-transition pathway are overwrought—because all children get extensive, personalized assessments before being prescribed blockers or hormones. This, too, is untrue. Although the official standards of care recommend thorough assessment over several months, many American clinics say they will prescribe blockers on a first visit.