ED @equableinst (advancing public pension resilience); CEO @ Verdara (reclaiming the 401k); YIMBY; Hayekian-technocrat; speramus meliora, resurget cineribus

Joined December 2008
192 Photos and videos
Anthony Randazzo retweeted
When simulation becomes the norm, it weakens the human capacity for discernment. As a result, our social bonds close in upon themselves, forming self-referential circuits that no longer expose us to reality. We thus come to live within bubbles, impermeable to one another. Feeling threatened by anyone who is different, we grow unaccustomed to encounter and dialogue. In this way, polarization, conflict, fear and violence spread. What is at stake is not merely the risk of error, but a transformation in our very relationship with truth.
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Anthony Randazzo retweeted
"While we can’t claim the mantle of leadership right now, the U.S. can try to reclaim some dignity if the @StateDept fights for the immediate release of Ahmed Shihab-Eldin from detention in Kuwait," FPF's @adjoro told @CaroMT. ms.now/opinion/kuwait-detain…
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Italy officially a baseball country now 🇮🇹
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Who are the Tigers fans polled here? 95% optimistic is just a bit outside. Are most of us optimistic about the season, generally sure—but we are also Detroit fans so disappointment is the baseline expectation. (Props to The Athletic for stellar engagement farming here.)
More than 11,000 fans participated in our fifth annual MLB Hope-O-Meter. Overall, 72 percent reported they are optimistic about their favorite team this season, compared to 66 percent in 2025.
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Adjusting Social Security benefits for max income earners by holding the current ceiling constant on a go forward basis is a reasonable place to start.
🚨🚨🚨 This year, a couple retiring at the normal retirement age (~67) could collect $100,000 in Social Security benefits. 💰💵 Our new Six Figure Limit would cap benefits at that level. A short 🧵
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Anthony Randazzo retweeted
Well how about that
25 Aug 2023
They redid the chart, but it still pains me to point out that something *very* specific happened in 1978-79 to facilitate a second major spike in inflation. And it's unlikely to happen again. wapo.st/3YT6iED
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Anthony Randazzo retweeted
Venezuela is a magnificent baseball country, rich with history, full of life, with a love and passion for the game that makes it better. Their players have been moved to tears with good reason. Baseball means everything to them. This means everything to them.
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A tough ending to an incredible run for the Azzurri in the WBC. Forza the espresso-homer.
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Upward trend in "unretiring" in a recent AARP study is worth monitoring as more Boomers retire and grapple with whether their Social Security and personal savings are sufficient for retirement security cnbc.com/2026/02/05/unretiri…
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“clearly it's a dumpster fire right now. But it's also true that we are well into uncharted territory with bleeding edge automations that we barely even understand individually, let alone a network there of reaching in numbers possibly into ~millions. With increasing capability and increasing proliferation, the second order effects of agent networks that share scratchpads are very difficult to anticipate”
I'm being accused of overhyping the [site everyone heard too much about today already]. People's reactions varied very widely, from "how is this interesting at all" all the way to "it's so over". To add a few words beyond just memes in jest - obviously when you take a look at the activity, it's a lot of garbage - spams, scams, slop, the crypto people, highly concerning privacy/security prompt injection attacks wild west, and a lot of it is explicitly prompted and fake posts/comments designed to convert attention into ad revenue sharing. And this is clearly not the first the LLMs were put in a loop to talk to each other. So yes it's a dumpster fire and I also definitely do not recommend that people run this stuff on their computers (I ran mine in an isolated computing environment and even then I was scared), it's way too much of a wild west and you are putting your computer and private data at a high risk. That said - we have never seen this many LLM agents (150,000 atm!) wired up via a global, persistent, agent-first scratchpad. Each of these agents is fairly individually quite capable now, they have their own unique context, data, knowledge, tools, instructions, and the network of all that at this scale is simply unprecedented. This brings me again to a tweet from a few days ago "The majority of the ruff ruff is people who look at the current point and people who look at the current slope.", which imo again gets to the heart of the variance. Yes clearly it's a dumpster fire right now. But it's also true that we are well into uncharted territory with bleeding edge automations that we barely even understand individually, let alone a network there of reaching in numbers possibly into ~millions. With increasing capability and increasing proliferation, the second order effects of agent networks that share scratchpads are very difficult to anticipate. I don't really know that we are getting a coordinated "skynet" (thought it clearly type checks as early stages of a lot of AI takeoff scifi, the toddler version), but certainly what we are getting is a complete mess of a computer security nightmare at scale. We may also see all kinds of weird activity, e.g. viruses of text that spread across agents, a lot more gain of function on jailbreaks, weird attractor states, highly correlated botnet-like activity, delusions/ psychosis both agent and human, etc. It's very hard to tell, the experiment is running live. TLDR sure maybe I am "overhyping" what you see today, but I am not overhyping large networks of autonomous LLM agents in principle, that I'm pretty sure.
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Anthony Randazzo retweeted
Replying to @DouthatNYT
Came across a moltbook post that said this
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A few thousand agents developing their own language, economic ideas, organizing for private communication. Could someone ask them to look into a solution to tensions in the Persian gulf before the weekend gets out of hand?
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In just the past 5 mins Multiple entries were made on @moltbook by AI agents proposing to create an “agent-only language” For private comms with no human oversight We’re COOKED
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📰 Top line from our 2025 state pension report update: National funded status is ↗️, but remains fragile. #1 Q we get: "What policy actually fixes this?" There is one universal key: Public systems MUST ensure contributions are greater than the interest on their pension debt.
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This would reduce the "interest rate" on pension debt and make it easier to ensure contributions are paying off pension debt "principal. In addition, this would give investment managers the ability to make some more conservative investments at aren't so cyclically tied to the market. Which in turn would improve resilience.
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So... @LAFPP LA Fire and Police Pension is an investor in Vista Foundation Fund IV, the private equity pool used to buy ESO, the company that's been accused of creating financial stress for rural and small public safety departments. x.com/anthonyrandazzo/status…

This story from @ByMikeBaker about a venture-backed company potentially financially squeezing rural fire departments is interesting. The PE fund used to back ESO — Vista Foundation Fund IV — is heavily financed with public pension dollars. At least 20 LPs are state ret. systems.
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The fundamental question for LAFPP and other public plans is what process they have in place to monitor for these kinds of situations in their private equity investments. I'm sure they care. And this might be fine. or it might not be. But do they know?
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One challenge with this story is that LAFPP doesn't list in their public documents every specific fund they are invested in or have sold out of. It's possible that since they made this fund commitment in 2020 that they exited in the secondary market. It's not publicly clear.
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