You go to war with the army you have. You "steer" AI with the regulatory state you have. You don’t get to invoke a wise, a-political, benevolent technocratic aristocracy that, like communism, just hasn’t been done right yet.
https://t.co/TEvabNJw2l
This point is crucial. Demsetz called it the "Nirvana falacy," the idea that "oh, we have a market failure, lets introduce a perfect state which solves all failures" - so humans on one side of the ledger are compared to angels on the other. Unsurprisingly, angels win.
@feeonline I love this quote, but in addition to trashing all the barriers to entry, lets also trash the favoritism of subsidies, preferential tax treatment, and bailouts/guarantees.
@TheArgumentMag@PhilWMagness The best way to improve human welfare across time is to maximize economic growth, constrained by strong individual rights. (Credit: Stubborn Attachments by @tylercowen)
America’s elevator shortage is making housing more expensive, buildings less accessible, and cities less dynamic—all because of bad regulations and union protectionism.
JD Vance wants to end the US dollar's position as a global reserve currency, because he thinks it allows Americans to consume too much and do so too cheaply.
Keep that in mind the next time you order a $20 burrito on door dash.
Since March, America has been running an accidental experiment and glimpsing what the country might look like without one of its dumbest statutes.
The results are in, and they embarrass a century's worth of U.S. lawmakers and defenders.
https://t.co/CAXT6jAS1K
How is this not a bigger story? A Phoenix man who's lived in the U.S. since he was 4—when his family fled persecution in Egypt—was deported without warning to Equatorial Guinea. He's been imprisoned in a hotel there since April. What are we doing.
My favorite capture of the night: The moment the moon's shadow split the sunset in half, leaving a diamond ring in the sky and a breathtaking view. I call it "Shadows on the Balearic Sea".
I'll have prints available for this one linked in my bio for a few days only.
A reminder that skeptics of the accuracy of prediction markets should be their most active users—after all, they should expect to make a lot of money exploiting their alleged inaccuracy.
The partially eclipsed sun melts into the Mediterranean Sea.
I can’t get over this experience.
I captured thousands of photos- I’ll be sharing my favorite later tonight.
This stuff really is repugnant. The president of the United States suing a think tank for publishing a report that offended him is called "authoritarianism." I know people are desensitized, but anyone who claims to care about free speech should find this detestable.
"This is cherry-picking data to support a preferred outcome: fewer childhood vaccines," the Editorial Board writes.
"Americans may pay the ultimate price."
https://t.co/fu8G94ZV0P
@lifeatstagezero thats how i felt when went out and saw the full stack before flight 6. I kept trying to tell people or share pictures but nothing quite communicates the magnitude. can't wait to go out again and see the changes.