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Cake day: June 30th, 2023

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  • Is this not just “the free market of ideas”? Which has the same pitfalls as the free market of money where if consumers are not educated and motivated to prune out bad actors, the market is easily subverted by malicious actors? Relying on people to regulate their information diets is betting on individuals with limited resources and motivation to defend themselves and the collective against concerted, well-resourced, and well-organized efforts to abuse the market of ideas because there is immense money and power to gain from doing so













  • I think that’s absolutely it. I’d bet reddit has a metric that shows that their “front page” algorithm is much more “effective” at retaining eyeballs and clicks than users who view subreddits directly, so disposing a feature that reduces friction on the less “effective” method of engagement will drive more users to the front page and the algorithmic capture that drives up Reddit’s metrics. Probably harder to serve ads on individual subreddit too because sponsored posts look more out of place when the content is less heterogeneous





  • It’s maybe worth pointing out that the analysis covers 10 years and appears to account for $0 in GDP growth (and corresponding tax base growth) dependent on those policies. If I’m reading this correctly (big if to be fair): Assuming the government continues to capture 17.5% of US GDP, Harris’ policies would need to generate roughly 4% GDP growth per year (no small feat, granted) to be net zero relative to absolute debt levels and less than that to be net zero relative to debt as a percentage of GDP. Government expenditure is not like consumer spending because almost every dollar it spends looks less like consumption and more like an investment, and leveraging investments is actually a valid strategy, especially when you have the economic momentum/inertia of a nation state to balance the risks involved with debt, and that is before you even get into fiscal monetary policy