Dan Brunskill

68 posts

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Dan Brunskill

Dan Brunskill

@dan_brunskill

economics understander

Brussels เข้าร่วม Kasım 2012
1.4K กำลังติดตาม1.9K ผู้ติดตาม
Dan Brunskill
Dan Brunskill@dan_brunskill·
@BenThomasNZ yeah, I sat out the debate on account of my a) not having kids, and b) having never been to school but never understood why opposition was so heated
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Ben Thomas
Ben Thomas@BenThomasNZ·
Parents panicking they wouldn’t be able to have a lunchtime chat to break up the tedium of their own day, fears of children becoming lost en masse in the transit between classes without google maps etc
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Dan Brunskill
Dan Brunskill@dan_brunskill·
@PeterByardDavis High fuel prices are naturally encouraging people to use public transport and reducing demand. Rationing now would be overcautious to me. Energy transition is a long-term project and obviously needs to continue regardless of this situation.
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Peter Byard Davis
Peter Byard Davis@PeterByardDavis·
@dan_brunskill Surprising she says there’s no point in demand reduction. I guess that’s cover for govt not to do anything that might be unpopular, yet encouraging public transport would be easy and popular step. Also no mention of the energy transition which govt has done much to stymie.
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Robin Brooks
Robin Brooks@robin_j_brooks·
As a European, I hang my head in shame. The US has shown that if you blockade an oil exporter, they fold quickly. Europe can do this to Russia and shut down oil tanker traffic out of the Baltic. But it doesn't. Innocent Ukrainians pay the price every day. robinjbrooks.substack.com/p/the-baltic-c…
Robin Brooks tweet media
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Dan Brunskill
Dan Brunskill@dan_brunskill·
@PronouncedHare Tone will always be subjective but there isn't any disagreement about facts or remarks. They absolutely can both be right?
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Liam Hehir
Liam Hehir@PronouncedHare·
These are two reports of the same Luxon press stand up. They are completely different. While there is some scope for subjective impression, the differences are such that they can’t both be right. See the issue with trust in the media being mostly about media trustworthiness.
Liam Hehir tweet mediaLiam Hehir tweet media
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Dan Brunskill
Dan Brunskill@dan_brunskill·
@Suitandtie9999 this is a different story, in different publication, talking to a different source, trying (and seemingly succeeding) to verify the first story, which had multiple sources including the “senior MP”
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Suit and tie
Suit and tie@Suitandtie9999·
This is now beyond farcical. In the space of half a day, we’ve gone from a “Senior MP” to a mere “Beehive source.” What’s next? Hot takes from an intern?
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Dan Brunskill
Dan Brunskill@dan_brunskill·
fwiw I generally think coups are bad ideas; but that doesn't mean I won't enjoy the spectacle
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Dan Brunskill
Dan Brunskill@dan_brunskill·
can't believe I'm missing a coup
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Jamie Ensor
Jamie Ensor@JamieEnsor·
Blockbuster story from @coughlthom: - PM Luxon will likely face move against his leadership within fortnight - Luxon evaded Nats whip, who tried to present him with evidence of flagging caucus support sources say - No formal challenger yet but group of anti-Luxon MPs Story ⬇️
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Dan Brunskill
Dan Brunskill@dan_brunskill·
@TheGalleryAuto1 @Polymarket I think this data has some anomalies due to pensions being counted differently from social security... (Nobody is disagreeing the US is incredibly unequal, just whether the median person is better off in UK or not)
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Polymarket
Polymarket@Polymarket·
JUST IN: New analysis reveals Brits thought the UK ranked 7th against US states in income per person — it actually ranked 51st.
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K-Ron83
K-Ron83@TheGalleryAuto1·
@Polymarket America is the land of the millionaires and billionaires. Turns out it’s not as good for the average American
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Dan Brunskill
Dan Brunskill@dan_brunskill·
NZ journalists (not that any are on Twitter these days) writing about All Birds should note it has only raised $5 million in cash... not $50 million. The investor chooses if they get the other $45m or not. Although, they'll probably do it if the stock price stays this high.
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Pangram Labs
Pangram Labs@pangramlabs·
Seven hundred words about the value of cognitive effort, yet not an iota of cognitive effort expended to produce a single one of them.
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Muhammad Ayan@socialwithaayan

MIT's Nobel Prize-winning economist just published a model with one of the most alarming conclusions in the AI literature so far. If AI becomes accurate enough, it can destroy human civilization's ability to generate new knowledge entirely. Not gradually degrade it. Collapse it. The paper is called AI, Human Cognition and Knowledge Collapse. Authors: Daron Acemoglu, Dingwen Kong, and Asuman Ozdaglar. MIT. Published February 20, 2026. Acemoglu won the Nobel Prize in Economics in 2024. He is not a doomer blogger. He is the most cited economist of his generation, and his models tend to be taken seriously by the people who set policy. Here is the argument in plain terms. Human knowledge is not just a collection of facts stored in individuals. It is a living system that requires continuous reproduction. People learn things. They apply them. They teach others. They build on prior work to generate new work. The entire engine of science, medicine, technology, and innovation runs on this cycle of active human cognition. What happens when AI provides personalized, accurate answers to every question people would otherwise have to learn themselves? Individually, each person is better off. They get correct answers faster. They make fewer errors. Their immediate outcomes improve. But they stop doing the cognitive work that sustains the collective knowledge base. Acemoglu's model shows this produces a non-monotone welfare curve. Modest AI accuracy: net positive. AI helps at the margin, humans still do enough learning to sustain collective knowledge, everyone gains. High AI accuracy: net catastrophic. AI is accurate enough that learning yourself feels unnecessary. Human learning effort collapses. The knowledge base that AI was trained on is no longer being refreshed or extended. Innovation stalls. Then stops. The model proves the existence of two stable steady states. A high-knowledge steady state where human learning and AI assistance coexist productively. A knowledge-collapse steady state where collective human knowledge has effectively vanished, individuals still receive good personalized AI recommendations, but the shared intellectual infrastructure that enables new discoveries is gone. And the transition between them is not gradual. It is a threshold effect. Below a certain level of AI accuracy, society stays in the high-knowledge equilibrium. Above that threshold, the system tips. And once it tips, the collapse is self-reinforcing. Because the people who would have learned the things that would have pushed the frontier forward never learned them. And the AI cannot push the frontier on its own. It can only recombine what humans already knew when it was trained. The dark irony at the center of the model: The AI does not fail. It keeps giving accurate, personalized, useful answers right through the collapse. From the individual's perspective, nothing looks wrong. You ask a question, you get a correct answer. But the collective capacity to ask questions nobody has asked before, to build the frameworks that generate new knowledge rather than retrieve existing knowledge, that capacity is quietly disappearing. Acemoglu has been the most prominent mainstream economist skeptical of transformative AI productivity claims. His prior work found that AI's actual measured productivity gains were much smaller than the technology industry projected. This paper is a different kind of warning. Not that AI will fail to deliver promised gains. But that if it succeeds too completely, it will undermine the human cognitive infrastructure that makes long-run progress possible at all. The welfare effect is non-monotone. That is the sentence worth sitting with. Helpful until it is not. Beneficial until it crosses a threshold. And past that threshold, the same accuracy that made it so useful is precisely what makes it devastating. Every student who uses AI instead of working through a problem is a data point. Every researcher who uses AI instead of developing intuition is a data point. Every generation that grows up with accurate AI answers and no incentive to develop deep domain knowledge is a data point. Individually rational. Collectively catastrophic. Acemoglu proved this is not just a cultural concern or a vague anxiety about screen time. It is a mathematically coherent equilibrium that a sufficiently accurate AI system will push society toward. And there is no visible warning sign before the threshold is crossed.

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Dan Brunskill
Dan Brunskill@dan_brunskill·
@foxcar_joey @libertyscott yeah, it would be weird for IRD to suggest specific spending reforms in other departments they just say, assuming voters want to retain current policies here is how we think the revenue could be raised most efficiently
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🦊🚙🦘
🦊🚙🦘@foxcar_joey·
@libertyscott I don't actually think its accurate that IRD has said taxes need to rise. IRD doesn't advise on issues of revenue sufficiency. They are simply reflecting Treasury analysis that suggests that's the case and identifying options.
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Dan Brunskill
Dan Brunskill@dan_brunskill·
@henrycooke Nicola Willis is gonna get National back above 30% in the polls or die trying...
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henry cooke
henry cooke@henrycooke·
I just spoke to Nicola Willis from DC, where's she's meeting White House officials tomorrow. Willis is planning to: - Make clear how concerned NZ is about the conflict - Ask when US sees things returning to 'normal' - Raise the ramifications for the Pacific
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