Steve Randy Waldman
@interfluidity.com

in finance there is always a big beautiful boom before the crisis. and those well placed to benefit from the boom, people who, with the money they will make, can insulate themselves from the crisis, pay politicians to promote rather than restrain the cycle.

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Steve Randy Waldman
@interfluidity.com

#evergreen

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Steve Randy Waldman
@interfluidity.com

Because it follows directly from stuff Ezra says — in a hedged way, maybe this tradeoff is good, but he points out this precise tradeoff, it is his anecdote. And individually all the tradeoffs look good. His claim is they compose to catastrophe. 1/

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Steve Randy Waldman
@interfluidity.com

The problem is the emphasis on DE- regulation rather than RE- regulation. Do we need to revisit some tradeoffs and revise how we do things? Sure. Do we need to just get rid, without replacement of workplace safety rules or regulations that require air filtration for homes near freeways? 2/

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Steve Randy Waldman
@interfluidity.com

In a Motte / Bailey kind of way, a lot of the abundance prescription says the answer is yes. The motte is "well, maybe not, maybe this one actually is worthwhile", but the bailey is "regulation is the problem, we have to get rid of a lot of it". 3/

in reply to self
Steve Randy Waldman
@interfluidity.com

Again, I think it's a bad idea to conflate the YIMBY movement (itself a broad and fractious tent) with the Ezra Klein / Derek Thompson Abundance intervention. 4/

in reply to self
Steve Randy Waldman
@interfluidity.com

When I've described eliminating zoning rules as the *sine qua non* of YIMBYism, people like @resnikoff.bsky.social tell me I'm out of date, YIMBY is a much more broad-based pro-housing church that includes eg support of social housing and doesn't place deregulation above other approaches. 5/

in reply to self
Steve Randy Waldman
@interfluidity.com

I think that's a fair cop! But conflating the Ezra Klein / Derek Thompson Abundance intervention with YIMBYism is largely reverting to and conceding my prior, overly narrow view. I don't want to be reductive of Ezra and Derek either! They both support developing state capacity in other ways. 6/

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Steve Randy Waldman
@interfluidity.com

But the heart of their critique really is the everything bagel, that liberals fail by demanding "too much", not by demanding what they ought to demand, but perhaps in ways that need to be improved. 7/

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Steve Randy Waldman
@interfluidity.com

That's a really important distinction! 8/

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Steve Randy Waldman
@interfluidity.com

Are you are asking people to surrender goals like air quality and workplace safety because getting housing done is lots more important, or are you asking people to prioritize and organize in ways that reconcile the production of key goods like housing with achieving other goals? 9/

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Steve Randy Waldman
@interfluidity.com

The pushback Ezra and Derek are getting isn't because anyone (well, anyone besides a few degrowthers) opposes, say, housing abundance. We all want housing abundance! But we don't want it as a monomaniacal priority that bulldozes other priorities. 10/

in reply to self
Steve Randy Waldman
@interfluidity.com

Where there are tradeoffs, we actually have to think about how to make them, or whether there are ways of reorganizing what and how we are acting to render the tradeoffs less severe. 11/

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Steve Randy Waldman
@interfluidity.com

If something is presented as a silver bullet, a simple unifying idea a fractious Democratic coalition should unite behind, it's probably trading off for that "unity" and "coherence" that work of acting with bespoke attention and care. And there are things a lot of us mean to keep caring about! /fin

in reply to self
Steve Randy Waldman
@interfluidity.com

see Ezra www.nytimes.com/2023/02/05/o... quite explicitly describing workplace safety as a problem (via google books, i think the same anecdotes are in the book, but i haven't read it yet). 1/

Link Preview: 
Opinion | The Story Construction Tells About America’s Economy Is Disturbing (Published 2023)

Opinion | The Story Construction Tells About America’s Economy Is Disturbing (Published 2023)

Link Preview: Opinion | The Story Construction Tells About America’s Economy Is Disturbing (Published 2023)
in reply to this
Steve Randy Waldman
@interfluidity.com

it's not clear he's saying workplace safety standards are a *problem* exactly. he acknowledges there are tradeoffs, and is explicit that this might be a good tradeoff. but it's provided in a context where lots of individually seemingly justified tradeoffs are alleged to compose to sclerosis. 2/

in reply to self
Steve Randy Waldman
@interfluidity.com

(in general, i don't think equating the Ezra Klein / Derek Thompson abundance intervention with YIMBY is right. they're clearly related, but not the same thing. you can be a YIMBY and enthusiastic or unenthusiastic about their generalization of certain YIMBY housing ideas to domains far afield) /fin

in reply to self
Steve Randy Waldman
@interfluidity.com

"If we are to have derisking for capital, why not for labor too?" Broadly excellent on the *Abundance* kerfuffle, by @briancallaci.bsky.social jacobin.com/2025/06/abun... ht @besttrousers.bsky.social

Link Preview: 
To Get Abundance, We Need to Discipline Capital: Concerned to increase the supply of housing and improve infrastructure, some on the Left have come to embrace the “abundance agenda.” But what capital needs is discipline, not deregulation.

To Get Abundance, We Need to Discipline Capital

Link Preview: To Get Abundance, We Need to Discipline Capital: Concerned to increase the supply of housing and improve infrastructure, some on the Left have come to embrace the “abundance agenda.” But what capital needs is discipline, not deregulation.
Steve Randy Waldman
@interfluidity.com

You'd think the big, America First interest in an Israel-Iran War would be its containment, ensuring it does not expand to become a resource-draining commitment or a larger conflagration that threatens American lives and property.

Steve Randy Waldman
@interfluidity.com

Whatever you think of the merits of the TikTok ban, it is the Congressionally-mandated, Supreme-Court-reviewed, law. There is no basis for it not to be enforced. I hope the firms that are failing to comply with it on Trump's sayso eventually face the steep penalties the actual law imposes.

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Steve Randy Waldman
@interfluidity.com

I was just editing like a 16 post thread. Lame, I know. But in the middle of my editing, BlueSky became a blank login screen, forced me to sign in again. When I did, my thread was gone. That's probably 40 minutes of work lost. I'm really angry about it. cc @support.bsky.team

Steve Randy Waldman
@interfluidity.com

#evergreen

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Steve Randy Waldman
@interfluidity.com

Schrödinger's felony.

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Steve Randy Waldman
@interfluidity.com

some of them do seem to have unusual access to transportation options. so we can hope!

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Steve Randy Waldman
@interfluidity.com

sorry, ma'am, citizens are responsible for their own travel arrangements.

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Steve Randy Waldman
@interfluidity.com

"no one is above the law. i am the law."

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Steve Randy Waldman
@interfluidity.com

[murders kitten.] "both sides are mad at me so i must be doing something right!"

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Steve Randy Waldman
@interfluidity.com

they called it the web without ever saying who's the spider, who's the fly. they called it reels, but who's the fish, who's the worm, who's the man with the big long barbed rod? ht @smtuffy.bsky.social

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Steve Randy Waldman
@interfluidity.com

god emperor of dune.

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Steve Randy Waldman
@interfluidity.com

as opposed to this place!

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Steve Randy Waldman
@interfluidity.com

this post is an evacuation order for planet earth. if you choose to disregard this warning, well, that’s on you.

Steve Randy Waldman
@interfluidity.com

we did! we’re safe and sound an ocean and a continent away. it is always a miracle.

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Steve Randy Waldman
@interfluidity.com

yes. i’ve told that to the kid.

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Steve Randy Waldman
@interfluidity.com

(nevertheless i won’t lie and say i didn’t feel some measure of relief when we saw the plane was an airbus.)

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