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Robert Scoble has allegedly continued to sexually harass women after going sober

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 Venture capitalists Dave McClure, Jason Caldbeck and Chris Sacca, SoFi CEO Mike Cagney and a top Uber engineer have all been accused of sexual impropriety in the last six months as a growing number of women have come forward about the harassment they have endured by those in power. However, Robert Scoble, who has been accused of sexual misconduct in the past, has so far gone unscathed. Read More










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freeAgent
9 hours ago
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Los Angeles, CA
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Harman Kardon Invoke review: The first Cortana speaker sounds amazing

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Smart speakers are everywhere this year. So far, we've seen new entries from Apple, Amazon, Google and Sonos. Now Microsoft is finally ready to join the party. The Harman Kardon Invoke is the first speaker to feature Microsoft's Cortana virtual assis...
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freeAgent
9 hours ago
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No Groove support makes me sad. And no, I'm not talking about the Groove music subscription, I'm referring to Groove streaming my own music off OneDrive...which is still a thing. Currently, no smart speaker has a solution that works for me.
Los Angeles, CA
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Google compensates Pixel 2 buyers who overpaid at pop-up stores

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If you rushed out to buy a Pixel 2 at one of Google's pop-up stores on October 19th, you probably got a rude surprise: the Verizon reseller handling your purchase, Victra, was charging customers an extra $30 on top of the normal price. Unless you kne...
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freeAgent
10 hours ago
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Los Angeles, CA
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Voters don't hate inflation, by Scott Sumner

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Here's Tyler Cowen:

Many monetary rules call for higher rates of price inflation if the economy starts to enter a downturn. That's often the right economic prescription, but voters hate high inflation.

Tyler is engaged in "reasoning from a price change". A term like 'inflation' doesn't mean much of anything to the public, and certainly not what economists like Tyler mean by the term. When I used to poll my students, I'd find that 99% of students conflated 'inflation' with supply-side inflation. I'd ask, "Suppose all wages and prices rose by exactly 10%, has the cost of living actually increased?" I'd guess 99% would get the answer wrong. (Yes, the cost of living has increased, but they'd say no.)

When the public expresses a concern about inflation, what they really are referring to is living standards. Thus when there is supply-side inflation, prices rise faster than incomes, and living standards fall. That's the type of inflation the public has in mind when they express opposition to inflation. In contrast, when there is demand-side inflation the public sees their income rise faster than prices, so living standards rise (in the short run.)

If the public really did oppose demand-side inflation then they should have greatly enjoyed the economy of 2009. After all, a fall in AD brought inflation down to zero. And yet living standards plunged, because the demand-side disinflation caused incomes to fall faster than inflation. If the Fed had a more inflationary policy during 2009 then the public would have been much happier, as there would not have been as big a decline in real income. A much milder recession and less severe asset price collapse.

Did voters prefer the economy of 2006 or 2009?

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Again, never reason from a price change. How people feel about a price change depends entirely on whether it's caused by an aggregate supply shift or a demand shift.

In addition, don't take seriously the answers you get from polls of public opinion. When you ask the public how they feel about inflation, they are (in their own minds) holding their own nominal income constant and visualizing rising prices. No surprise that that isn't popular! Thus their answer doesn't really tell you what they think about inflation, and certainly not what they think about demand-side inflation created by the Fed. Rather their answer tells you what they think about supply-side inflation. Yes, we all hate adverse supply shocks. But beyond that the public has no opinion, as they don't really even understand what inflation is.

PS. Also, don't confuse incomes with hourly wages. An unexpected demand-side inflation lowers real hourly wages while raising real incomes and real asset prices. People care far more about their overall real incomes and real asset prices than they do about their real hourly wages.

PPS. The first time I ever recall a politician running on an explicit platform of higher inflation was in 2012. Abe won a massive victory on a promise of higher inflation, in a country where a huge share of voters are old people on fixed incomes. He ended deflation in Japan and was re-elected overwhelmingly. (We'll see how he does this time.)

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freeAgent
10 hours ago
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Keynesian Economic Stimulation, White Collar Edition

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freeAgent
10 hours ago
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This is great.
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Microsoft hits back at Google’s approach to security patches

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Microsoft’s Windows security team haven’t been happy with Google for the past year. While the pair are bitter rivals for a number of different reasons, Google disclosed a major Windows bug before Microsoft was ready to patch it last year. It irritated the company so much that Windows chief Terry Myerson authored a blog post criticizing Google for not disclosing security vulnerabilities responsibly. That resentment still remains today.

Microsoft discovered a remote Chrome vulnerability last month and is now demonstrating what it feels is responsible disclosure. In a new blog post, Microsoft’s Windows security team outlines a remote code execution issue in Chrome, and criticizes Google’s approach to security patches. “We responsibly...

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freeAgent
1 day ago
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