Joe Biden’s experiment could revolutionise economic thinking ft.com/content/4c7048…
Biden is doing for economics what Trump did for politics. Of course the mood helps. This is the age of GameStop. So notion that there is no base reality, only different equilibria depending on our choices more acceptable
The fact that the is no economic reality we must accept also solves the social question. Conflict is not inevitable over definite resources
Of course I don’t think for a moment this has anything to do with Biden or even the people around him. It’s the spirit of the times. Virtualism advances, reality retreats

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More from @MacaesBruno

7 May
Looking at the list of countries it it fair to say we’re about to receive 58 million Brits in Portugal?
Portugal or Brunei?
The place to go is, again, Algarve. Every other part of the country and above all Cascais is manifestly undeveloped and better left alone
Read 4 tweets
2 May
The famous moment with Vajpayee and Modi
“As Modi, with salt-and-pepper hair and beard, lunged to hug Vajpayee, the prime minister-elect raised his hand, as if to hit a truant child, then smoothly changed that into a hug.”
“Oh, here is the troublemaker”
Read 4 tweets
1 May
Enjoying this new book. Not sure will have time for the whole thing but recommended! “It is this partnership between Vajpayee and Advani that this book employs as a vehicle to study the Bharatiya Janata Party”
““They had little in common: one poor, the other rich; one orthodox, the other freewheeling; one provincial, the other anglicized; one a Gangetic Brahmin, the other a Karachi Sindhi.”
““This English-medium education converted Advani into a Macaulayputra. The phrase literally means ‘son of Macaulay’, after the nineteenth-century British politician”
Read 4 tweets
1 May
I am quite critical of the EU’s view on AI
What is the problem? A kind of vicious circle. If you read the new regulation, the EU seems to regard AI as a kind of foreign import with two faces: FB targeted advertising and Chinese social credit
In the process it forgets AI is everywhere. We would’t have mRNA vaccines without AI. The vicious circle? By regarding AI as foreign we embrace and promote it less and less in Europe. And the more foreign it becomes
Read 4 tweets
1 May
Reading Sri Aurobindo on the Gita. Have a sense as I always do when reading him that this is one of the greatest philosophers of the 20th century, arguably the greatest. Essays on the Gita is a stunning book
Aurobindo starts to unravel the puzzle of desireless action... Image
Is desireless action for Aurobindo something like historical action? Image
Read 6 tweets
29 Apr
Why is the Kumbh Mela universally blamed for the violent outbreak in India while the protests in the US were not responsible for a single case? Kumbh involved a lot less people. Yes, people come from everywhere and stay in crowded gueshouses, but there seems to be something else
I think both most likely contributed to escalation of cases in summer and now in India, but would not see Kumbh as the main reason for the tragedy in India
There were also the farmers protests, yes - which again like the protests in America are never mentioned when discussing Covid. There seems to be a slight difference here
Read 4 tweets

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