Agustin Mackinlay
@agumack
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Checks & Balances
Barcelona
Joined June 2009
Henry James did not use ChatGPT to write this beautiful sentence, replete with glorious em dashes.
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The farmer’s lot: Εἰρήνη γεωργὸν, κἀν πέτραις τρεφεῖ καλῶς, πόλεμος δὲ κἀν πεδίῳ κακῶς. - Peace feeds the farmer well, even on rocky ground, but war feeds him poorly, even on a fertile plain. Menander
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Executives inside the bank have discussed options including shorting a basket of artificial intelligence stocks or using derivatives to transfer risk https://t.co/4A9cvlYX2H
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It's called 'mixed government' or πολιτεία μικτή https://t.co/5YurRbkvpa
@Ph_Aghion This raises a serious, eternal, issue. How to combine the preferences of the voters and the knowledge of the experts. What I observe in the Assemblee Nationale today does not look like the optimal combination.
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“A hundred pages—no, ten pages—of Herodotus introduce us immeasurably better into the mysterious unity of oneness and variety in human things than many volumes written in the spirit predominant in our age” — Leo Strauss, “Liberal Education and Responsibility” (1962)
9 books that will teach you more than 3 years of university:
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Es el problema de la inconsistencia temporal que el Premio Nobel Finn Kydland señaló para Argentina 🇦🇷. Que alguien me diga cómo salir de este problema en un régimen ‘winner-takes-all’ carente de robustos contrapesos institucionales
Observen bien lo que piensan y dicen en el PJ estos días. Si este gobierno deja reservas, los peronistas las van a reventar. Si deja la maquinita en cero, la van a prender. Si deja un BCRA saneado, lo van a romper. Abramos los ojos. Terminemos con este problema de una vez.
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Good point! See Francesc Cambó’s criticism of Mussolini (in real-time, in the 1920s): there is temporal inconsistency because nobody knows the ‘end-game’. This increases the cost of capital
Last week, in my Global Economic History course, we concluded our discussion of what I call the “False Hopes” of communism and fascism. Both ideologies promised a radical alternative to democratic market economies but delivered only violence, dictatorship, and poverty. This
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Today @thenewdigest: I’ve posted a new paper on “plural tyranny” in the thought of Charles De Koninck and Montesquieu. The @SSRN link is here: https://t.co/tEQ3nqo7ok The paper was delivered as a keynote address at an outstanding conference on De Koninck at @ulaval_droit, as
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La Habana fue literalmente destruida por el socialismo, mientras que al norte, los propios cubanos que abandonaron esa ideología cancerígena construyeron una de las ciudades más importantes del mundo moderno: Miami. Para reflexionar.
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Wilamowitz on the Greek language. From the introduction to his Greek reader (Griechisches Lesebuch).
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Queenship in the Mediterranean Negotiating the Role of the Queen in the Medieval and Early Modern Eras https://t.co/99a9pCSagN Queens Around the World, 1520–1620 A Century of Female Power https://t.co/AE7hiYInMH
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Histoires d'odeurs. Le monde de l'aromathérapie https://t.co/IeXK05uuuk
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« Dès le xiv° siècle, les rois de France avaient assuré la liberté et la sécurité du cultivateur. (…) Charles V défendit de mettre les laboureurs en prison pour dettes et en même temps de saisir les chevaux, les bœufs et les autres bêtes employées à la traction des charrues. Ce
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« Je sentais que Schumpeter avait raison… » À partir d’une intuition à Harvard dans les années 1980, l'économiste Philippe Aghion a obtenu la plus prestigieuse distinction de la discipline. Entretien sur son parcours, ses influences et ses convictions. https://t.co/DyzinYCybQ
legrandcontinent.eu
« Je sentais que Schumpeter avait raison… » À partir d’une intuition à Harvard dans les années 1980, Philippe Aghion a bâti une carrière d’économiste qui l’a conduit cette année à la plus prestigie...
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Diodoros of Sicily: Bibliotheke Historike by Duane W. Roller The first modern English translation with commentary of Books 21-40 of Diodoros' history, covering the years 301-62 BC. 📘 https://t.co/nRAapCQ98R
#ancienthistory
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🚨 BREAKING: Swiss startup @mimicrobotics just raised €13.8M to teach robots the one thing they still struggle with human-like dexterity. 🇨🇭 The Zurich-based company is developing physical AI systems that allow robots to learn directly from human demonstrations. Skilled
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Models built by investors to predict risk can pinpoint situations in which a shock might have an outsize impact on markets, but not when one will occur
economist.com
Even the best traders struggle to predict sudden jumps in volatility
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