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Favorites March 7th 2023
This is a summary of why the Fed's hikes haven't crashed the economy so far: they're actually quite small compared to the level of inflation we've seen. The blue line is where the interest rate "should" have been based on a simple calculation from Paul Krugman back in 2010. This also says to me that interest rates could get a lot higher still.
I haven't finished reading the whole thing, but one item that stuck out: simple text conversations with doctors are way cheaper than office visits, and they seem to be very effective, reducing unnecessary emergency room visits by half in one cited study.
• Short thread about recent arguments over lab leak and mask effectiveness. TL;DR: "The full truth is a mess. The lab leak is neither obvious fact nor myth. Poor-quality masks, worn poorly, work poorly, and they're everywhere. High-quality masks, worn properly, work well. Asking people to wear masks often works, except very often it doesn’t work at all." You've gotta just learn to love the mess.
• Thread about why Xi would want to give Putin weapons, considering Russia is not exactly an amazing ally. TL;DR: There aren't many nuclear armed autocrats, and Xi may be worried that if Putin falls, his replacement will be less friendly.