They just happen to publish a new System of National Accounts (SNA) every time this happens. Last time it was to put more emphasis on R&D.

When your fire insurance is worth more than your house.

I used to love it as a socratic tutor. All I need it to do is ask reasonable questions to challenge my understanding. But later releases of chatgpt made it too focused on giving you the answer.

Why would I buy lunch today when I can just buy lunch tomorrow for a little cheaper.

The criteria for the GDP measure changed in 2009 which put a heavier weight on R&D capitalization. This makes it an unfair comparison since China economy is mostly manufacturing-based. The fact that their growth rate is so high despite this is very notable.

Drug trade: Afghanistan is the world’s largest producer of opium, which can be refined to make heroin.

The illicit drug trade isn’t just heroin, it’s moving opioids into India so they can be resold to the pharmaceutical industry for our legal-opioid epidemic.

China doesn’t need to produce the fast chips because their comparative advantage is in quantity manufacturing.

Are you okay?

Lame reply, do better next time. I worked hard on that.

Yeah, a business that exists to take losses. Sure.

So you have one hard drive out of raid, and 4 hard drives in raid, and the out of raid drive failed. Is it software raid or hardware raid? If it’s software raid then you need to know the original configuration. If it hardware raid then you should be good to go.

Tacit collusion is literally everywhere and completely normalized. A coworker was describing a revenue-sharing agreement but actually described collusion to set prices.

I hear this argument a lot and it’s a trick to get the libs to not support taxes against landlords. In this situation, rental rates are dictated by how much the market can bare because there just aren’t enough houses. Prices are set to the maximum so landlords would bare the cost of the tax rather than renters. If the taxation threat was real and long term enough, it would incentivize landlords to do something with empty units, rather than it not costing them anything to sit on it.