Despite experiencing the steepest peak-to-trough decline in more than 40 years, Canadian home prices remain the most overvalued in the OECD by multiple measures
Mark Snow, the veteran television composer who turned "The X-Files" theme into an unlikely chart hit in the 1990s, died at 3:30 a.m. Friday at his home in Connecticut. He was 78. https://t.co/MgGSH4JQwj
Curtis Yarvin is mistaken when he says that Apple can produce iPhones because it's a monarchy. There are millions of firms ("monarchies") in the world that can't produce anything nearly as impressive as iPhones, from the laundromat down the street to Boeing.
Apple is the result of a decades long evolutionary process facilitated by the market which uplifts the very best culture, talent, processes, and ideas in the entire world. And the moment Apple slips, it'll get replaced (the average lifespan of a Fortune 500 is 15 years).
Governments just don't work this way. Xi Jinping isn't competing again a million counterfactual Chinese leaders who didn't do Zero-COVID, avoided deflation, didn't kill the tech industry, and were awake to AGI. He can fuck up as much as he wants.
If a monarch happens to be competent, like Lee Kuan Yew, it's merely by chance, not due to some intrinsic selection mechanism of monarchy that we can replicate. You are just as likely to get brutal dictators like Mao and Stalin by chance - this is not a reasonable gamble to take with the lives of hundreds of millions of citizens.
Apple is indeed a wonderfully competent organization - if we want more of the world to be run competently, we should delegate more functions to the market, which is constantly and ruthlessly sizing down incompetence.
To be clear, ton of incompetent businesses exist, but they loose access to capital, talent, and power rapidly, which is reallocated to those who can deliver. They don't drag down the fortunes of entire countries and kill millions of people, which has happened again and again in authoritarian systems.
if it’s not already obvious: the most valuable items in the future will be the old and beautiful
all of text will become ai slop, all of art will become ai slop or a reaction to ai slop. the vast majority of genuine human beauty that will exist has already been created.
Mark Carney hid his corporate assets in Bermuda to dodge the taxes that Liberals force on Canadians.
He will always favour tax-havens—because his corporate assets are still hidden in one.
He never puts Canada First!
https://t.co/lwD13WIbKC
Strange that the three podcast princes (Ferriss, Huberman, Friedman) who millions of young men turn to for advice on how to live and think are all single and childless, past the age of 40.
Okay, let's talk about Trump end game. To do that, let's read Stephen Miran's "A User's Guide to Restructuring the Global Trading System" together.
Note that there's a disclaimer that this is not a policy advocacy but catalog of tools available for them to "reshape the global trading system."
https://t.co/4i07pKDkzT
If the purpose of tariffs is to reshore industry, companies need very high confidence in the permanence of the policy.
If the purpose is to raise revenue, they must stay enacted.
If the purpose is to negotiate policy, there needs to be a specific ask.
Putting a 25% tariff on all the critical minerals we actually get from Canada (& the auto parts that are essential for Michigan's economy) while cozying up to Russia economically is one of the most misguided international economic policies of any US Administration
2/2
Given how the U.S. is behaving in a manner that other nations find unexpected, I am assuming that this administration's instantiation of "America First" is going to ultimately lead to nuclear proliferation well beyond where it is now. Perhaps that will turn out to be wrong, but it seems quite likely to me.
May I get a read from my most enthusiastic "America First" friends: do you expect this? If so, is this troubling to you? Do you think I am incorrect that if the U.S. pulls back from historical agreements and commitments that nuclear proliferation will result as the world's policeman retires or goes on an indefinite donut break? Am I not getting what is going on?
I'm guessing I am going to hear a lot of rationalizations like "It was gonna happen anyway so we might as well give up the ghost and get on with whatever comes next." or "Trump has a plan for this." or "Nukes don't matter anymore." or "They wouldn't dare under Trump." etc.
It would be great *not* to have those braindead bot-level conversations. We can all do rationalizations in our sleep without help...myself included. I'm curious as to whether those viewing this situation with unconflicted enthusiasm at least share a general sketch of a long-term plan for a multi-polar world with say 50+ nuclear nations, or believes there is a plan to stop that from happening as the U.S. disentangles from the world.
I have no clue, as I have heard no such plan or even much discussion of this issue.
Thanks in advance. 🙏
The mankind’s knowledge lasted better when it was printed on paper.
38% of webpages that existed in 2013 are no longer accessible.
https://t.co/38LFmpgnaS