There are all kinds of wrinkles and complications that affect trade, called “ frictions ”. These include things like home bias in both consumption and financial investing, sovereign default, currency market frictions, and so on. Economists argue back and forth about which of these frictions cause the various “puzzles” in international trade —
Though the Old World was known to itself in rudimentary outline in 1200, it actually took the Mongol invasions and the rise of Islam for this understanding to arrive at any sort of geographic accuracy. So this period was a kind of terrestrial Age of Exploration of the Eurasian-North African landmass, featuring the adventures of figures like Marco... See more
Cool demo of a GUI for LLMs! Obviously it has a bit silly feel of a “horseless carriage” in that it exactly replicates conventional UI in the new paradigm, but the high level idea is to generate a completely ephemeral UI on demand depending on the specific task at hand.
NYC tech’s newest symbol of peak status is a studio space built around a creative collective. The current wave of VCs & founders are running their businesses out of “Brooklyn-based studios” and investing in “the art of company building” predicated on taste. It’s all connected
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The new high-status thing is being a creative,... See more