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Letting the LLM explain it more clearly than I can:

What exactly changed according to the FRED definition? Before May 2020: M2 included: M1 (currency in circulation + checking accounts + other transaction accounts) Savings deposits (including money market deposit accounts, MMDAs) Small-denomination time deposits (under $100,000, excluding IRA and Keogh balances) Retail money market mutual fund balances (excluding IRA and Keogh balances) Thus, M2 = M1 + Savings deposits (including MMDAs) + Small time deposits + Retail MMFs.

After May 2020: M1 was expanded to include savings deposits and money market deposit accounts (previously, savings and MMDAs were NOT part of M1; they were only part of M2). Since savings and MMDAs moved into M1, the definition of M2 no longer needs to separately add these categories—they are already captured within M1. Thus, after May 2020, the Fed simplified the definition to:

M2 = (New) M1 + Small-denomination time deposits + Retail MMFs

But importantly, note the following:

M1 itself was significantly expanded (now including savings and money market deposits), causing M1 to spike substantially overnight.

M2 overall did NOT lose or gain any category. It still includes all the exact same accounts and balances. It simply shifted the categorization of savings deposits and MMDAs into M1, so these no longer need separate listing when describing M2.

FUD / Citation required. Quick google search reveals you are incorrect (components of M2 shifted, and portions moved between M1 and M2, but M1 is a subset of M2, so there is no significant change to total M2 supply before and after).

Also Federal Reserve is not part of the US Government.

Bluesky bsky.app

> Instead of relying solely on penalties for engaging in a bad habit, introduce a positive action right after to replace it.

This seems counterintuitive as I would expect this to reinforce the bad habit. No citation or explanation given. Any ideas?

A coworker presented a demo the other day of this - asking LLM (I think it was OpenAI) to extract the text from a PDF - each page of the PDF passed as an image. It was able to take a table and turn it into a hierarchical representation of the data (ie. Column with bullets under it for each row, then next column, etc.)

If you haven't tried maybe worth a shot

I think a clinical psych person may label this as depersonalization/derealization.

But I like how the parent called it "a slow integration of diverse parallel processes" - not labeling the experience as some kind of problem.

Your behavior right now is much higher risk to your daughter’s safety than fentanyl-laced drugs.

Thanks for the tip! Also, saw that the article also mentions this book in its first paragraph, so sounds worth a read.

That's what I thought of too. Just finishing reading Sorcerer's Apprentice - a kind of slog of a read written by one of the insiders of the Castaneda cult. I wonder if he "borrowed" the name...