Large language models have sparked historic shifts in the economics of knowledge, upsetting the balance between accessibility, privacy, and power.
Like the market version, the invisible hand of politics depends less on individual virtue and more on institutions and incentives.
Tariffs exploit humans' self-deception and willful ignorance, making feel-good patriotism into a cover story for rent-seeking, favoritism, and graft.
Japan eats a lot of rice. And it imposes tariffs on foreign rice to protect domestic producers — sometimes as high as 700 hundred percent. The result has been a…
Tariffs may sound patriotic, but they almost always weaken the very industries they’re supposed to protect.
There's nothing humble or merciful about shrinking the economy, squashing free enterprise, or silencing price signals.
"Not retiring — instead, doing age-appropriate jobs — is at least a partial solution to the prospect of an insolvent Social Security trust fund." ~Jimmy Alfonso Licon
"The reason sorites logic is so difficult to diffuse is that there is no obvious line or threshold to be established somewhere between the incremental steps that begin with a…