DasCapytal
110 posts










Two bottleneck to having babes: Means and meaning. Policy that only addresses the means to support a child does not work on their own, or else Finland would be full of kids. The meaning part is definitely missing in Finland. The problem is the parents are already squeezed. People will refuse to have kids if they can intuit the next generation is going to have shittier lives. Motherhood is low-status, thankless and subject to higher-and-higher standards of judgement. Kids are constantly losing autonomy and as a result both become lower agency adults and require more care during their childhood. Young people are growing up into uncertainty and a hugely competitive job market where superstars are highly sought after but the median worker is not and AI will just make it worse. It’s stupid to say “young people these days are just immature and selfish” for every generation is a product of their environment. Immature and selfish people of the past had too many babies.



@levelsio Most westerner are quite surprised to learn China is actually more capitalist than US. Straight to the point when dealing with biz and making $






The Tether folks are in the early innings of running a massive interest rate trade. How I read this audit is they think the Fed will cut rates which crushes their interest income. In response, they are buying gold and $BTC that should in theory moon as the price of money falls. A roughly 30% decline in the gold + $BTC position would wipe out their equity, and then USDT would be in theory insolvent. I'm sure some large holders and exchanges will demand a real-time view of their B/S so they can assess the solvency risk of Tether. Get out your popcorn, I expect the MSM to run wild with this, especially all the editors with TDS who want to shit on Lutnick and Cantor for backing this stablecoin.
















