Jim Torode

Economic Raconteur - I Call Balls & Strikes. Faith in our Creator. Hubby. Granddad. Bonsai Guy. Capitalism is Hard. Socialism is Death. Be Useful.

[Jim Torode @JimTorode]

I've said it before and I'll say it again, Mark Cuban is a national treasure.

[Mark Cuban @mcuban]

Employers don’t know the price of medical care from big hospitals.

Employers don’t know how much their insurance company pays those hospitals or providers for that same care

If you don’t know the price, and you don’t know what your insurance company paid for that care.

How do you know if what your employer should be paying the insurance company for that care ?

You don’t.

Spread pricing from insurance conglomerates is an enormous tax on employers.

Direct Contracting is the answer. It most cases, it costs so much less, the employer can eliminate the employee out of pocket cost !

And

The hospital/provider will make more money with the insurance conglomerate out of the middle.

https://t.co/IjW3BsvfN1 for direct contracts you can use.

[Carol Roth @caroljsroth]

Really hard to imagine someone not knowing that business endeavors that employ people and create needed and desired goods and services make the world a better place.

[Paul Portesi @PaulPortesi]

It's never what you have.

It's what you feel you have.

This is NNTs x versus f of x problem.

Why having it is logarithmic over time.

Endorphin spike diffuses over time.

That's why you can't have it all.

Cuz you can't feel all in a moment.

Life's not a Dirac Delta function.

[Mark Cuban @mcuban]

Employers don’t know the price of medical care from big hospitals.

Employers don’t know how much their insurance company pays those hospitals or providers for that same care

If you don’t know the price, and you don’t know what your insurance company paid for that care.

How do you know if what your employer should be paying the insurance company for that care ?

You don’t.

Spread pricing from insurance conglomerates is an enormous tax on employers.

Direct Contracting is the answer. It most cases, it costs so much less, the employer can eliminate the employee out of pocket cost !

And

The hospital/provider will make more money with the insurance conglomerate out of the middle.

https://t.co/IjW3BsvfN1 for direct contracts you can use.

[Dan Ferris @dferris1961]

Mentally healthy people don't say, "I'm a victim and require special treatment."

They say, "I will not allow past traumas to define me."

[Elon Musk @elonmusk]

I love the incredible people of SpaceX beyond words

[Carol Roth @caroljsroth]

Politicians should be cheering American success, not lamenting it or trying to create more barriers to it.

[Jim Torode @JimTorode]

@catturd2 The federal government is a trillionaire 40 times over and growing...in debt that is.

[Jim Torode @JimTorode]

@KatTimpf @TheFive Great to have you back, Kat. Carpe Diem!

[Dave Bondy @DaveBondyTV]

🚨She's hospitalized while her Flint, Michigan home is being ransacked by squatters. Neighbors say police won't help. Follow me @DaveBondyTV for more independent journalism from Michigan.

[Jim Torode @JimTorode]

@4TaxFairness Btw, reading your tag line, who determines the "fair share" of taxes to be paid? And what amount is "fair"?

Asking for millions of friends.

[Paul Portesi @PaulPortesi]

The problem with man-made systems are they optimize the desired outcome.

In doing that, you optimize inputs and pass not realize you're dealing with multidimensional multiplicative interactions and connections.

This man-made optimized desired outcome creates higher order harm.

[Jim Torode @JimTorode]

Fantastic!

[NOBUNAGA🇯🇵🏯_夏樹蒼依 @japan_nobunaga]

USA. A hibachi restaurant. My American friends brought me here to enjoy the cuisine of my homeland, and I witnessed a ritual I have never seen in eight hundred years of being Japanese.

The chef stacked onion rings into a tower. He filled it with oil. And he set it on fire.

"THE VOLCANO!" my friends cheered. They knew the ritual. They had seen it many times. In Japan, I have eaten ten thousand meals. No one has ever built me a volcano.

I said nothing. A guest does not question the ceremony.

"Is this how they do it back home?" my friend asked, glowing with joy.

"...The technique is flawless," I said. A samurai may retreat. He may not lie. He may, however, aim the truth very carefully.

Then the chef flicked a shrimp through the air at my face.

"Catch it!" the table roared.

In my land, food is set before you with two hands and an apology for the wait. Here, the shrimp attacks. I caught it. With my mouth. The table erupted. The chef saluted me with his spatula.

I have received medals with less pride.

"You're a natural," the chef said.

"My family has trained for this for generations," I said. It was not technically a lie. We trained. Just not for this.

My friends drove me home, full and happy, honored to have shown me my own country.

A man does not question the volcano. He catches the shrimp.

Whatever this cuisine is, wherever it was truly born — the fire is real, the joy is real, and I caught what was thrown at me.

That is Japanese enough.

[Paul Graham @paulg]

"... the political left has long had a remarkable lack of interest in how wealth is created. As far as they are concerned, wealth exists somehow and the only interesting question is how to redistribute it."

— Thomas Sowell

[Jim Torode @JimTorode]

@PaulPortesi What many folks miss is that real “happiness” is found in pursuing truly worthwhile endeavors. Happiness is the journey, not the destination.

[Paul Portesi @PaulPortesi]

Modern society has tried to convince you you can optimize happiness that just maximizes misery.

The modern drug is the pursuit of happiness instead of managing the misery.

Everyday is a grind regardless of how of a grind free life you live.

[Jim Torode @JimTorode]

@dferris1961 My take is that he's definitely a pro-Westerner who appreciates living in a civilized world.

[Jim Torode @JimTorode]

@japan_nobunaga When parents are teaching their little kids that stealing whatever you want is a good thing, civilization dies a little.

[Jim Torode @JimTorode]

@japan_nobunaga Retail theft is crazy in Memphis, TN as well.

My daughter manages a retail store and they have folks walk in several times a month and steal all sorts of items and walk right back out without consequence. Even with CCTV, the police are too busy to follow up.

It's insanity.

[Reads with Ravi @readswithravi]

Changing your opinion after learning new information is a mark of true intelligence.