It looks like even Larry Summers doesn't understand comparative advantage. (Alternatively he's prioritizing virtue signaling over intelligence signaling.)

Thoughts at the end of a long week:

Why can’t the greatest economy in the history of the world produce swabs, face masks and ventilators in adequate supply?

And then there's Robert Reich, in a now deleted tweet (archived here):

Average hedge fund down 9% this year so far.

S&P 500 down 24% so far.

No way hedges could do this without inside information.

When this emergency is over, hedge funds must be i

... (read more)

Open & Welcome Thread - March 2020

by habryka 1 min read8th Mar 202032 comments


If it’s worth saying, but not worth its own post, here's a place to put it. (You can also make a shortform post)

And, if you are new to LessWrong, here's the place to introduce yourself. Personal stories, anecdotes, or just general comments on how you found us and what you hope to get from the site and community are welcome.

If you want to explore the community more, I recommend reading the Library, checking recent Curated posts, seeing if there are any meetups in your area, and checking out the Getting Started section of the LessWrong FAQ.

The Open Thread sequence is here.