Graduate of several late stage Ivies. Good corporate regulatory lawyer turned average investor. Knows a lot of boring stuff. Followed by the best bots.
@jpodhoretz@AbeGreenwald We are repeating the early 1970s — concerns with economic stagnation and price increases, energy supply shocks, increasing cultural friction and political fragmentation, all leading to an anti-American socialist-sympathizing political movement sensing an opening.
@HudsonInstitute@wrmead@realDailyWire I imagine the modern heirs of the Macedonians, Mongols and Incas are also rightly proud of their culture’s ancient accomplishments. But they do not use it as a rationale to project power at the expense of others.
@Divergent7651 The “volume lever” will remain unpulled until Brazilian rates come down, and stay down, A LOT. The local investors’ expectations of achieving decent real returns from investing in double-digit yielding government bonds rather than equities runs very deep.
@ProfGrewal I fear many people would trade “innovation” (an abstraction) to end billionaires. It’s better to say “End creating new things that have immense value to everyone, and we end billionaires”. It’s wordier but I think easier to understand.
@AmitSegal I don’t know what the terms of any potential deal are, but it seems obvious that both the US and Iran are tactically leaking “terms” that have not been agreed in order to move public perception on which side “won” and pressure the other on outstanding issues.
@NateSilver538@continetti Colombia had an election this weekend. Colombia is not known for its orderly politics, adequate infrastructure or administrative efficiency. The outcome was known reasonably precisely within a few hours of polls closing. In vote counting, CA trails developing nations.
@JillFilipovic@jadler1969 Yes, it is, and I fully support it. But it should ideally not be insurance against failure to produce talent here. The numbers suggest it is becoming that. It’s a signal that we are not producing nearly enough young people with the right combination of high-level skills.
@asymmetricinfo@timurkuran While I fully agree with your statement, I’d point out that our governance rules for nonprofits that receive this charity create unaccountable bureaucracies with a different set of issues involving sclerosis and incentives.
@CNLiberalism@asymmetricinfo I think the same when I hear about how Chinese planning is giving them dominant competitive advantages in key industries, as the Chinese economy struggles year after year from capital misallocation and a political/financial system that just buries the accumulated losses.
@ATabarrok What level of pay do you think would attract more talented people to the legislature? Is there evidence that more talented legislators leads to better legislative outcomes?
@biancoresearch This is right, but further we should all prepare to accept seeing colleges, particularly small liberal arts colleges, shut down. We have an upcoming large surplus in the number of (inefficient and expensive) undergraduate colleges.
@ChrisCillizza This is correct, but unfortunately the problem mostly requires reforms at the local and state level — and Rahm Emanuel did not seek such reforms as mayor of Chicago, which has one of the most obviously failing public school systems in the country.
@JillFilipovic We currently don’t even have a system that ensures public school students are actually learning — and in many places, they’re apparently not. Maybe let’s try to get that right first before trying to stifle alternative approaches?
@uaustinorg@nfergus 💯. The US government, like the Roman republic, became too big for the federal legislature to function as a true governing branch — leading to legislators slowly ceding power to the executive while focusing on personal ambitions and factional infighting.
@jadler1969 If coffee shops couldn’t charge separately (“extra”) they would have to treat the cost as part of the price of a cup of coffee, subsidizing “plant milk” users but creating pressure to raise the price of a cup of coffee. This is how society gets “affordability” issues over time.