“Between stimulus and response, there is a space. In that space is our power to choose our response. In our response lies our growth and our freedom.” -VF
@PeterSchiff Whether a political stunt or not - why is a women's right to privacy over her own body and decision on such a matter up for public discussion? Should we also dictate the timeline a man has over procedures such a Vasectomy?
@paulkrugman Unions as a countervailing power to corporations - would seem to mitigate power imbalance, in a time of inflation do you see their presence causing a wage price spiral? Do you think shareholder votes could be realigned to be one vote per person vs one vote per share?
@EndaHargaden If I may join your macro students - may I ask how economics defines a tax? Would the printing of fiat currency by the Federal Reserve constitute a tax, for its dilutive effects on savings? Does the Fed have an authority to tax? (Non-delegation doctrine)? Oh and Happy New Year!
@bethanymac12 Agreed, propaganda, social media and perhaps even AI … the mule eventually meets an early end … what lifespan do we think social media has? Is it as self destructive ?
Afghanistan 2007 to 2017
Average income increased by a modest 40%, yet share of population below the poverty line rose from 34% to 55%
The median Afghan became poorer - doesn't help to defend the status quo
@JHWeissmann I’m not arguing against student debt cancellation, but I can’t help but to wonder why we let institutions charge exorbitant tuition rates to begin with? By not changing the pricing dynamic aren’t we artificially holding prices for education in excess of their value?
@lexfridman Ancel Keys ideas on a healthy diet and nutrition won out over John Yudkin, albeit Keys research was proven wrong, merely because the man had more clout. How do we undo the affects of perceptions and power?
@scratchwork Yet a reasonable person could subject ideas in a discussion to the concept of radical doubt casting what they believe in a negative light? But taken it’s not often the case ...
I look for the good in people. Sometimes I get hurt for it, but it's rare and it's worth it. You may hear me say optimistic things that sound naive. I'm not naive. I've read too much history to be naive. I just think love wins out over the darker parts of human nature in the end.
Reinventing Trading Venues: How AI Can Help Create a More Efficient Market ... will technology increase the number of algos/venues and render exchanges needless ? https://t.co/EsDUH2ZgeV
Our government touted as 'capitalistic' is elected based on a binary choice. Use it or lose it, why can't I save my vote till someone worthy comes along? Aka market-based voting. Voice credits allowing me to express the degree of my desire ... #novoicenovote
@Btclark1226 While I do agree markets are the right tool, would you view intermediaries such as corporations an obstacle or benefit? Do these intermediaries have incentive to value social capital at scale? Or would social capital have value in decentralized structure?