What determines whether a country runs a surplus or a deficit? The factors are interrelated. As a country’s currency appreciates, its goods become more expensive abroad and foreign goods become cheaper at home, incentivizing more imports and fewer exports, and thus pushing the current account toward deficit. Depreciation has the opposite effect.
~ Michael Starr via American Affairs
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When information is cheap, attention becomes expensive.
~ James Gleick
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Campus Life at the Barnard College
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A disproportionate number of Anthropic employees seem to be the children of novelists or poets. Still, their first stabs at screenwriting lacked a certain je ne sais quoi: in one scintillating exchange, the Human asks the Assistant if it’s actually important to add salt to spaghetti water.
~ Gideon Lewis-Kraus via The New Yorker
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The British stumbled upon an unexpectedly powerful idea: Sever the symbolism of the state from the political power of the state, and bestow those two different governing roles on two different people. Power has little majesty in the British system. Prime ministers reside in an apartment over their office. People are rude to them all the time.
~ David Frum via The Atlantic
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