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The week's question
In March 2025, in the thread "Re: OT, out", Umm asked the members: "Do you think it is because America is made up of magical soil that makes businesses based in America magically profitable?" This week it is put to everyone again. The button below opens the small thread re-asking it - read what others have said so far, then give your own answer as an ordinary reply.
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Personal Finance / Macroeconomic Trends & Risks
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Author: ajm101 ✭  😊 😞
Number: of 4582 
Subject: 10 Sep 2026 - "Bessent and the Bonds" -
Date: 09/10/26 2:23 PM
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paulkrugman.substack.com - Bessent and the bonds

I weighed posting this in several different boards. METAR won ("won") because it functions the most as a grab bag.

It used to be - in the US university system, in the 20th century, and if you were in a life sciences track - that you might end up taking a serious course on evolution. Mechanisms, including mutation-based and environment-based; introductions to parts of the statistical techniques that are used in the field, examples of convergence, and so on.

In 1972, Eldredge and Gould published, "Punctuated equilibria: an alternative to phyletic gradualism" (researchgate.net - Punctuated Equilibria An Alternative to Phyletic Gradualism) introducing en.wikipedia.org - Punctuated equilibrium.

Summarized, it's that most of evolution is stasis interrupted by exogenous change, and rapid evolution in response to that change - as opposed to gradual drift over time. This theory is widely accepted and supported.
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