I’ve been inspired by Marginal Revolution to copy their post format of sharing a collection of links with a brief blurb for each. This allows me to share what I’ve been reading and thinking about recently.

• Cities eliminating an option for low-cost housing

An example of well-intentioned policy – increasing the quality of lodging – causing adverse downstream impact in the form of increased housing costs and homelessness

• Why aren’t Markets Freaking out?

Krugman claims the market regularly misprices the risk of crises. He is claiming the market is mispricing the risk of the Fed losing independence and the resulting inflation. It’s easy to make these claims, but another thing to actually have skin the game; however, assuming Krugman is right about this mispricing, what would be a profitable trade?

My immediate thoughts are you could purchase other more inflation-resistant currencies. The Bitcoin crowd would suggest Bitcoin is a great store of value not susceptible to debasement, but this has yet to be seen. Any kind of leveraged approach to purchasing commodities or commodity related companies should provide upside assuming we actually do get inflation

• Emotional Intelligence Benchmark for LLMs

This is an interesting approach that seems timely with recent headlines about LLMs encouraging delusions in people. However, I do have concerns about LLMs – and the underlying companies – becoming the arbiters of truths