after seeing a lot of videos, i’ve come to the conclusion that blonde chick from Battlestar Galactica was perhaps the most prescient take on AI.
for people who live there and love it, NYC in fact has a lot of market power. no matter how rich you are, there really isn’t anywhere else like it, particularly if you are an English speaker and your politics are antagonistic to European social democracy.
a democracy progresses less by factions winning fights than by forging agreements encompassing mixes of consensus and reciprocal compromise. i know that’s hard to imagine now that we’ve bifurcated into mirror image caricatures of ourselves.
maybe the reason for that spat with Trump is he was off his meds at the time.
suppose you cut medicaid, but create a “stabilization fund” to hold hospitals harmless, prevent rural hospitals from shuttering. all you’ve done is created income for hospitals without requiring—or even allowing—them to actually do the work of helping those who would have been medicaid recipients.
there is so much to be done that has to be done by people, and so many people doing little or doing a lot of little real value. 1/
large language models have not changed this basic situation. 2/
X should brand its stablecoin, all of its financial products, “Starship”.
sometimes policy mostly has intended consequences.
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i think there’s no such thing as thinking.
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it will be a real escalation of the troll wars when Iran issues an evacuation warning for NYC.
Right. And despite the cruelty of Nauru and a general immigrant-phobic vibe, they also take a lot of immigrants as a percentage of population, i think? Do we need to give MAGA intuitions about immigration and housing more credit than we want to? 1/
Why haven’t these big, land-rich countries been able to stabilize housing prices holding constant safety and amenity levels? I want to say the MAGA view is dumb, because there’s no inherent scarcity, no bottleneck immigration must clog, and yet actual recent experience seems not great? /fin
do Canada’s nosebleed average price statistics mask a bifurcation, then, certain favored locations growing super pricey while much of the rest remains restrained? do the price statistics then overstate the problem, or do the pricey places reflect scarcity of desirability for safety, schools, etc.?
people like to own homes too. price growth is itself a problem, even if oddly (for a finance guy) it gets reflected in multiples of rent rather than growing with rents.
a bit disheartening if the lesson is immigration puts a rocket under housing prices and even unusually high supply growth can’t put a dent in the effect. do you think that’s right? or could/should Canada be doing something different to accommodate immigration without sending housing to the moon?
i tend to be skeptical that YIMBY policy can make much of a dent in near-term affordability issues — over years more elastic supply might restrain growth relative to not, but near-term demand conditions dominate. 1/
roughly what we spend on the military, with likely lots of room to grow.
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