I am 52 years old. I have been working since I was 15 years old. I have no savings, no retirement, and will never own a home before I die.
And there is now a trillionaire.
So if Musk is “hoarding” money, what would it mean if/when the stock price goes down? The selling window doesn’t start to open until August. So if by then the price drops 25% did he give back that money to everyone else? If he hoarded it, that must mean when he loses it, it goes somewhere. Or maybe they think he’s hoarding naturally occurring electric cars and rockets? Or maybe none of these people understand how wealth creation works.
They are NOT the same issue, though they are related.
There is a "Laffer curve," I expect. If college is far too easy, everyone can get a diploma by mail, so no signal value, so fewer people go.
If too hard, they won't finish, and fewer people go through.
They're the same issue.
If you make college harder, fewer people will go and fewer still will finish.
If you make it hard in absolute terms, far fewer will go, and almost no one will finish.
Sartre: "Hell is....OTHER PEOPLE!"
That's like Buchanan and Tullock's notion that being bound by the will of others is an externality, and a negative one at that.
We might vote on choosing a restaurant, but THEN we order different things off the menu!
https://t.co/F9UT4eBKjE
That is hilarious, actually.
Econs of the Left, 1976: "Socialism is better than Capitalism for Growth!"
Econs of the Left, 2026: "Socialism is bad for growth, and that's good!"
There was once a that socialism would work better than capitalism. This was mostly wrong and post-1989 it seemed like we'd agree on market economies plus a welfare state.
But an injection of green degrowth has birthed "socialism will wreck the economy — in a good way!"
Okay, I don't know much about futbol, fair enough.
But this is hard to watch. Miguel Almiron is a little b*tch, and that flop was ridiculous. Yellow card deserved, sure.
But...US team is likewise taking flops and dives. What do they think, they're in the NBA?
"Even the loftiest of intentions can be undermined by distorted incentives." — UATX Professor Scott Scheall on the administrative bloat hollowing out American higher ed
We all know Public Choice is "politics without romance."
But have you actually THOUGHT about what "romance" is, in that context?
Well, I thought about it, so you don't have to!
The new piece at https://t.co/KUVHaRl4nV....
https://t.co/F9UT4eBKjE
Here is Chubbz.
https://t.co/1eytkBdbFe
This is EXACTLY how I feel in a coach seat on a long international flight.
And, unfortunately, for pretty much the same reason.
Fair point. But if immigrants make "too much" they must be more productive than the alternative.
And the thing people forgot about jobs is that BY DEFINITION each worker produces more value than they take in pay.
Marx said "exploitation."
But it's a NET BENEFIT to society!
@mungowitz Agree. Autobiographies rarely dive anywhere close to effective parenting, and they always draw from a sample of one. Can't really infer much from them at all.
Autobiographies can tell you a lot about personal motivations and identify critical pivots and life-story plot points.
Of course, @paulg is right that "parenting books" are tedious.
But autobiographies are MISLEADING: Many famous people had bad childhoods, which is why they were so driven they became famous.
Oh, gosh. No.
Suppose someone won the lottery. You read their autobio, about how they chose the ticket number.
Tells you NOTHING.
Reading books about how the famous were "parented" is highly selected, and misleading, sample. Unlikely parenting CAUSED their success.
Someone asked me to recommend a good book on parenting. I would guess that most books about parenting are tedious. So my recommendation is to read autobiographies, the early parts of which are usually implicitly about parenting.
Is there a "home ice" advantage in hockey?
And if so, what team has the largest differential, home vs. away?
#Canes!
It's actually not even close, which surprised me.
https://t.co/uxsCjBUzP3