I still don't think ppl realize what an amazing deal locking in a 3% mortgage in 2020 has been for homeowners
Inflation has averaged 3.9% this decade
It's now back above 4%
You're basically borrowing for free
This was the deal of a lifetime
I guess I’ll bite — how would you go about proving or disproving a link between reading books and good politics? Do New York City and San Francisco have politics we should aspire to?
@jordanmcgillis There is a group for whom everything is tech (social media then just phones).
Suicides, school issues, attention, brain rot, fertility, anything.
They have a narrative, not concerned about confounding data, and focus almost entirely on negatives.
The fertility discourse suggests we're in the midst of an unprecedented baby bust.
Not so.
The genuinely unprecedented crash occurred between 1960 and 1975, as the Baby Boomers themselves were entering adulthood.
Completed cohort fertility shows that the average Silent Generation Queen born in 1933 bore 3.26 kids — a number higher than that which was reached by the Greatest Generation.
The average woman born in 1953 then bore just 1.97 kids over her fertility span, a peak-to-trough decline of 40 percent.
The iPhone paper conveniently begins its analysis by stating fertility "remained roughly constant" from 1980 through 2007, eliding all that transpired in the 20 years that preceded what was a sustained elevation.
The average woman born in 1973 actually had more kids over her fertility span than the average woman born 20 years earlier, at 2.20.
Economics, culture, and technology have been interacting for a very long time in ways we can't always predict.
It's a mistake to not give Carter/others credit for the late 1970s deregulatory efforts (airlines, trucking) which helped fuel 1980s growth. Reagan was huge but it was a triumph of ideas, not just a personality, that broke the US out of its malaise.
"Men with two children had an estimated brain age that was 0.6 years younger than their childless peers had, and for men with three children, it was 0.7 years younger. That’s similar to the brain benefit associated with exercising 2.5 hours a week." https://t.co/eyOmk1tN4p
The two best statistics in the WSJ’s genuinely great article on North Korea’s economic boom:
Pyongyang built more housing last year than LA. (Says something about CA housing dysfunction).
North Korea assembled more cellphones than the USA.
(Assuming the #s are true!)
Research has consistently shown a strong inverse relationship between police presence and crime rates. That makes the widespread decline in crime since 2019 even more striking given it occurred alongside a reduction in police across most large cities.
@KrakauLaw@natehowe I don't think I have ever seen the mini fridge be free. That's usually the highest markup (which mostly makes sense for the convenience).
Worth noting that if you take seriously--as I think one should--the idea that low net migration means the breakeven rate for payrolls in near zero, today's figures are even more stonking...
After World War II, between 60% and 80% of Congress were veterans, and today that number sits at just 19%.
Veterans do not argue over whether the sky is blue, they understand the consequences of the decisions made in Washington, and we need more of them up here.
“Fetterman, like Platner, remained financially dependent on his parents into his 40s, until he reached a high elected office that paid a meaningful salary: lieutenant governor. People complain about ‘nepo babies,’ but do you know what’s worse than a nepo baby? Someone who grows up with the advantage of privileged birth but is too mediocre or lazy to parlay that advantage into professional success, instead flailing underemployed through middle age on the parental dime until he is somehow rescued from his failure to launch by getting elected to public office. That’s the Fetterman-Platner model.”
https://t.co/lrEHuQP1GB