“I want to defend the idea that economics has some counter-intuitive propositions to offer. It does depend on what ‘intuitive’ means, though. I think it’s fair to say that something is intuitive if someone without formal training in the area can think it through on their own. If it takes an economist re-framing the issue to show the answer makes sense, it’s not necessarily intuitive. In other words, economics can be made intuitive, but it takes effort and skill.” (05/07/26)
“Policy discourse in the United States today has a split personality. Many condemn how procedural rules thwart not only efforts to build — housing, energy, and more — but more generally keep presidents from achieving their policy ambitions and worsen our ‘vetocracy.’ Yet others lament how presidents are left too free to pursue their policy aims lawlessly or abusively. These concerns are often raised by the same commentators. Even though these discourses are largely about the same topic—the administrative procedures that constrain government action and govern judicial challenges to it — the two have proceeded almost entirely in parallel. The result is a bizarre discourse superposition, where the executive branch is simultaneously excessively and insufficiently constrained.” (05/07/26)
“All discussion of aesthetics must in some sense be personal. So: young Scott was deeply disappointed to learn how restaurant critics worked. In his imagination, a critic’s assistant would deliver dishes to her house, so she wouldn’t know which restaurant it came from. Otherwise, the critic might let her preconceptions influence her judgment, and a restaurant’s reputation would become self-reinforcing. … Imagine how I felt when I actually read restaurant criticism. It was all stuff like ‘Oh, the ambience here is very nice; I had a great conversation with the chef who told me about how his childhood in Sardinia motivated new takes on traditional dishes.’ How can you be sure the chef’s personable manner isn’t influencing your impression of the food?! Haven’t you ever heard of the Pepsi Paradox in psychology? Aaargh!” (05/07/26)
“In a recent release of economic data, U.S. initial jobless claims have shown a modest increase, signaling potential shifts in the labor market. The actual number of initial jobless claims filed was 200,000, according to the latest figures. This number is slightly above the forecasted figure of 205,000, indicating a tighter-than-expected labor market scenario. The initial jobless claims measure the number of individuals who filed for unemployment insurance for the first time during the past week.” (05/07/26)
“Much ink has been spilled, much podcast time expended on the machinations of the elite globalist class who war against our autonomy, who strive to enslave us through control of our health and financial assets and to depopulate us. All true. But we commoners cannot control what they try to do, cannot temper their sociopathy. What we can do is look at ourselves in the mirror and recognize how we have been disempowering ourselves, allowing our autonomy to be up for grabs; how we have been surrendering that which differentiates us from other animals — free will.” (05/07/26)