![Twitter avatar for @caprioleio](https://substackcdn.com/image/twitter_name/w_96/caprioleio.jpg)
The world's biggest Bitcoin miner is going bust. This is what happens when Bitcoin trades below its production cost for too long.
![Image](https://substackcdn.com/image/fetch/w_600,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fpbs.substack.com%2Fmedia%2FFgGOifrXEAgrvFu.jpg)
![Twitter avatar for @mattyglesias](https://substackcdn.com/image/twitter_name/w_96/mattyglesias.jpg)
Fed rate hikes weaken the labor market but also hammer the asset prices of the very rich.
One of my pet theories is broad land use reform would, by raising equilibrium interest rates, secure the egalitarian benefit without the labor market cost.
![](https://substackcdn.com/image/fetch/w_600,h_314,c_fill,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fb5c1dac6-5c51-4f16-ae8a-c50da3cb0c5b_960x640.jpeg)
![Twitter avatar for @d_f_stone](https://substackcdn.com/image/twitter_name/w_96/d_f_stone.jpg)
"The same legislator who interrupted Bernanke in 2013 is 14 % pts more likely to interrupt Yellen in 2014, and 18 % pts less likely to interrupt Powell in 2018 than they were to interrupt Yellen in 2017."
From "Yellin' at Yellen" @JamesBisbee et al
papers.ssrn.com/sol3/papers.cf…
![Image](https://substackcdn.com/image/fetch/w_600,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fpbs.substack.com%2Fmedia%2FFgO49UmWYAA0Smw.png)
![Image](https://substackcdn.com/image/fetch/w_600,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fpbs.substack.com%2Fmedia%2FFgO6c9IXkAAaw3-.jpg)
![Twitter avatar for @Noahpinion](https://substackcdn.com/image/twitter_name/w_96/Noahpinion.jpg)
America should punk Britain by supporting Harry and Megan as rival claimants to the throne
![Twitter avatar for @PhillipsPOBrien](https://substackcdn.com/image/twitter_name/w_40/PhillipsPOBrien.jpg)
Phillips P. OBrien @PhillipsPOBrien
![Twitter avatar for @mattyglesias](https://substackcdn.com/image/twitter_name/w_96/mattyglesias.jpg)
In a nearby world: Lab leak theory was accepted early, Trump was an enthusiastic lockdown proponent to own the PRC, leftists complained he was sacrificing youth to save the elderly, and Covid was the reason for a sharp crackdown on the Floyd protests.
![](https://substackcdn.com/image/fetch/w_600,h_314,c_fill,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F06e551b4-6939-445c-a6b1-b10ee05ca9df_1200x630.jpeg)
![Twitter avatar for @mattyglesias](https://substackcdn.com/image/twitter_name/w_96/mattyglesias.jpg)
🇺🇸🇵🇱☢️—> 👍 https://t.co/V3T9lK1cnZ
![Twitter avatar for @SecGranholm](https://substackcdn.com/image/twitter_name/w_40/SecGranholm.jpg)
Secretary Jennifer Granholm @SecGranholm
![Twitter avatar for @Noahpinion](https://substackcdn.com/image/twitter_name/w_96/Noahpinion.jpg)
An underrated possibility is that WFH might raise fertility rates in developed countries.
![Twitter avatar for @IPRatNU](https://substackcdn.com/image/twitter_name/w_40/IPRatNU.jpg)
Institute for Policy Research at Northwestern @IPRatNU
![Twitter avatar for @Noahpinion](https://substackcdn.com/image/twitter_name/w_96/Noahpinion.jpg)
This quote sure makes it sound like she views the blood of children as a delicacy 😳
![Twitter avatar for @JasonSCampbell](https://substackcdn.com/image/twitter_name/w_40/JasonSCampbell.jpg)
Jason Campbell @JasonSCampbell
![Twitter avatar for @Carnage4Life](https://substackcdn.com/image/twitter_name/w_96/Carnage4Life.jpg)
The biggest head fake in tech this year was Sundar Pichai making a big deal about hiring freezes and Google having too many employees only to hire a record number of people in Q3.
They decided a downturn is a great time to pick up great employees getting laid off across tech.
![Google Slashes Hiring Plans By 50% As Future Is Unpredictable – Adds 12,765 New Employees In 90 Days](https://substackcdn.com/image/fetch/w_600,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fpbs.substack.com%2Fmedia%2FFgQsrc9aAAEMQxM.jpg)
![Twitter avatar for @CaseyNewton](https://substackcdn.com/image/twitter_name/w_96/CaseyNewton.jpg)
Here it is: Twitter engineers were told today to *print out* their last 30 to 60 days of code, so they could show it to Elon Musk himself.
Then they were told wait, no, actually, please shred all that code you just printed out.
Subscribe to read ➡️
platformer.news/p/elon-takes-o…
![According to four current employees, engineers spent Friday afternoon at Twitter dutifully printing out their code in anticipation of meetings with Musk and some of his senior engineers from Tesla. Other engineers were told to prepare for “code pairing” with Musk, in which they would sit with him and review code together.
Just after noon, an executive assistant asked engineers to begin preparing code to show to Musk. “Please print out 50 pages of code you’ve done in the last 30 days (if you haven’t submitted code in the past 30 days, then you can go back up to 60 days),” the assistant wrote in a Slack message obtained by Platformer. “Please be ready to show on your computer as well.”](https://substackcdn.com/image/fetch/w_600,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fpbs.substack.com%2Fmedia%2FFgMOJdmUAAAiR0T.jpg)
![Twitter avatar for @JimPethokoukis](https://substackcdn.com/image/twitter_name/w_96/JimPethokoukis.jpg)
economist.com/briefing/2022/… Joe Biden attempts the biggest overhaul of America’s economy in decades from @TheEconomist
![Image](https://substackcdn.com/image/fetch/w_600,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fpbs.substack.com%2Fmedia%2FFgSKBahXgAUiE-J.jpg)