Rob Seward

iOS @blocks

[Rob Seward @robseward]

@FintechKristen @Alphaschool Our 10yo had an uneven experience in the Berkeley school system, so we signed him up for alpha school NYC after he had a great shadow day. He starts in the fall. If you haven’t read it already this article is awesome: https://t.co/1eS1V557sH

[Isaiah Saxon @isaiah_saxon_]

the rug designs of ernst ludwig kirchner (1880-1938)

[Rob Seward @robseward]

First place I go when considering a new car: https://t.co/hyPOm4Gfrd

[Rob Seward @robseward]

Just walked through Hudson yards. I don't hate it. It's interesting but not inspiring, which seems appropriate for a mall and some office buildings.

[Rob Seward @robseward]

Btw if you call 911 and hang up before they answer they call back and you have to convince them you aren’t in trouble.

[Rob Seward @robseward]

While driving today, I asked Siri to set a reminder to call the fire department (I have a question about brush burning) and she called 911.

[Rob Seward @robseward]

@whereandy ☝️

[brandAn is good @LeBearGirdle]

[Dentist waiting room]

Me: [chanting] teeth, teeth-

Other patients: teeth, TEETH

Secretary: [pounding her clipboard] TEETH, TEETH, TEETH!

[Rob Seward @robseward]

📷 garadinervi: From: Jorge Luis Borges, Ficciones, Silk-screens by Sol LeWitt, Signed, The Limited... https://t.co/dJFiTz3HfD

[Emily Lakdawalla @elakdawalla]

*Keanu whoa*

This is the kind of stuff that waits for you if you poke around in mission data archives. It's well worth the effort. https://t.co/naajdXeYJK

[Rob Seward @robseward]

@whereandy Laurie just started demanding the iPad this week. It was a curiosity before, but suddenly he’s an addict.

[Rob Seward @robseward]

I get the impression Piketty wishes the Left would argue about the elasticity of capital/labor substitution instead of the merits of the free market. If they could claim capital could not easily be substituted for labor they would have a good case for increased wages. 7/7

[Rob Seward @robseward]

Abandonment of the free market means that prices do not signal demand, thus a central authority that would allocate resources would not know what was going on and operate inefficiently. 6/7

[Rob Seward @robseward]

Piketty seems to support that market economy and price system are good. Prices can signal supply/demand and the market is efficient at allocating resources. 5/7

[Rob Seward @robseward]

...but because they do not have faith in the market economy and price system. Why not have labor own the capital, and have allocation of resources determined by a system other than the market? 4/7

[Rob Seward @robseward]

The left has traditionally argued for Unions and wage increases not because they believe in the inelasticity in the substitution between capital and labor, which would favor direct redistribution (wage increases)... 3/7

[Rob Seward @robseward]

Capitalism and the price system, necessary? 2/7

[Rob Seward @robseward]

More Piketty notes: 1/7

[Rob Seward @robseward]

This makes it difficult to find the optimal corporate tax rate; i.e. if the capital supply was inelastic, it would be possible to efficiently redistribute wealth to labor through taxes.