@HuXijin_GT Tell me you don't understand football with telling you don't understand football.
There is a protocol for a reason. That picture is for the football team not for politics.
Was having lunch in Tehran earlier today
Suddenly, the billionaire I was dining with was vaporized by a drone-deployed cruise missile
I picked up the bill, left a 0% tip, and I strolled out of the restaurant
Checking my bank account, I saw a $30 million deposit had just hit
It was the payout for the life insurance policy I held on the billionaire
Then I quickly boarded my private jet and departed for Dubai
I love being the CEO of Palantir
Every time I post about falling fertility, someone replies: “Great for the planet.” I understand the intuition, but it gets the economics almost exactly backwards.
To be clear: I am not arguing for explosive population growth. A gentle decline or stabilization would be my first choice. The problem is that we are not heading toward a gentle decline. We are heading toward a collapse. And a collapse changes everything.
Environmental protection behaves like a luxury good. As countries become richer, citizens demand cleaner air, cleaner water, and stronger climate policy. Prosperity creates both the willingness and the fiscal capacity to pay for these goods.
This is not a theoretical curiosity. The modern environmental movement was born in California in the 1960s, when the state was among the richest in the richest country on earth. That was no coincidence. You need to be prosperous before you start worrying about the spotted owl.
A sustained fertility collapse works in the opposite direction. As populations age, pension and healthcare costs rise while the tax base shrinks. Governments under that kind of fiscal pressure protect mandatory spending first because that is what voters scream about (I am from Europe, and I can tell you this is the case with 100% certainty). Environmental investment, which is largely discretionary, is the easiest to postpone. And it will be postponed, particularly in middle- and low-income countries.
Environmental policy is not a costless virtue. It requires administrative capacity, long planning horizons, and resources. Lots of resources. Decarbonization alone demands trillions in public and private investment over the coming decades. Where will that money come from if the working-age population is shrinking and the dependency ratio is exploding?
If demographic collapse erodes prosperity and fiscal space, and the evidence strongly suggests it will, it will not increase environmental investment. It will make it harder to sustain.
So, if you care about the environment, I am sorry, but what is happening with fertility right now is terrible news.
@coinjunky Sad but true. For now, all they can do is understand the rules and play the game. Eventually, when everyone realizes it, there will only be one place left for people to flock into
@Snyke@jimmysong In this video from @veritasium you will see why I think @jimmysong is right. Well-behaving (with exceptions) does work. https://t.co/5xZc80nuGv
The Israel Hasbara program is to spread lies to create Islamophobia among Christians. This is fake news: these were apparently Copts partaking of a post-Christmas ritual.
A decorated WWII pilot asked F.A. Hayek how to save his country from socialism.
Hayek told him: "Don't go into politics."
What happened next changed the world.
And it explains why your campus matters more than Congress. 🧵