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Wednesday, December 31, 2025

"Last" Doesn't Always Mean "Previous"

 Copernicus

By Philip Trammell and Leopold Aschenbrenner:

"Technological development raises consumption but may pose existential risk. A growing literature studies this tradeoff in static settings where stagnation is perfectly safe. But if any risky technology already exists, technological development can also lower risk indirectly in two ways: by speeding (1) technological solutions and/or (2) a “Kuznets curve” in which wealth increases a planner’s willingness to pay for safety. The risk-minimizing technology growth rate, in light of these dynamics, is typically positive and may easily be high. Below this rate, technological development poses no tradeoff between consumption and cumulative risk."

(a new paper: (Marginal Revolution)). So, here comes the "Last" and here comes the "Previous" .

The Moody Blues "Deja Vu all over again" according to the "catcher":

Nights in white satin
never reaching the end
Letters I've written
Never meaning to send
Beauty I'd always missed
With these eyes before
Just what the truth is
I can't say anymore'
Cause I love you
Yes, I love you
Oh, how I love you
Gazing at people
Some hand in hand
Just what I'm going through
They can't understand
Some try to tell me
Thoughts they cannot defend
Just what you want to be
You will be in the end
And I love you
Yes, I love you
Oh, how I love you
Oh, how I love you
Nights in white satin
Never reaching the end
Letters I've written
Never meaning to send
Beauty I've always missed
With these eyes before
Just what the truth is
I can't say anymore
'Cause I love you
Yes, I love you
Oh, how I love you
Oh, how I love you
'Cause I love you
Yes, I love you
Oh, how I love you
Oh, how I love you