bbayles
Joined 11 years ago
Joined 11 years ago
https://32bits.substack.com/p/under-the-microscope-three-dir...
He was an early participant in one of these psychedelic studies a few years ago. After the first treatment, he said he couldn't really tell if it had any effect. But six months later, he was totally changed - able to function almost normally.
We should exercise our usual amount of skepticism about miracle treatments, but my hope is that his experience can be replicated.
That is, suppose two countries both have $100B in debt. One of them is a small island nation; the other is a global superpower. Obviously the global superpower will be better able to handle that - dividing by GDP helps make that clear.
However, this simple division doesn't tell you some important things. How much of the debt comes due very soon? It's worse if the answer is "most of it." How was it incurred? "Winning a war" is much better than "losing a war."
The United States has lots of debt, and personally I'm worried about the long term serviceability of it. But the ratio to GDP isn't why!
In an interview, he describes several engineering heroics that were involved in making everything work: https://hiddenpalace.substack.com/p/hidden-palace-podcast-ep...