These hustles keep coming up short: why college keeps winning

Cryptocurrency in 2020-2021 and in 2017-2018 momentarily allowed otherwise non-technically savvy, average-IQ, non-college educated people to quickly make a lot of money, at least on paper, way more money than professionals who have degrees. It had seemed like they had stumbled upon some new paradigm of wealth creation. But as I and others knew, it… Continue reading These hustles keep coming up short: why college keeps winning

Society’s love-hate relationship with creativity

Society extolls the virtues creativity and creative people. We like the idea creativity, at least in the abstract. Creativity is thought to be a net-good for society. Creative people–artists and entrepreneurs such as Steve Jobs–are admired and respected. But the behavior of society suggests otherwise: 1. creative people are repeatedly told they will fail 2.… Continue reading Society’s love-hate relationship with creativity

Twitter Files Reveal the Overreach and Power of the FBI

– What "law enforcement" objective is served by asking for Billy Baldwin's location information?– Why is the FBI/DHS in the business of analyzing and flagging social media content at all? When were these programs created and who approved them? pic.twitter.com/vEigT4ksKV — Matt Taibbi (@mtaibbi) December 17, 2022 The hype over the latest batch of Twitter… Continue reading Twitter Files Reveal the Overreach and Power of the FBI

The Daily View: SBF Arrested, Musk Goes to War with Journalists on Twitter

The demise of FTX and the arrest of its founder is part of the broader demise of crypto. After so much optimism in late 2021/early 2022, entire industries and careers have been gutted over the past year. Coinbase stock down from $340 to $38. MicroStrategy down from $600 to $180. Bitcoin down from $50k to… Continue reading The Daily View: SBF Arrested, Musk Goes to War with Journalists on Twitter

Why the labor force participation rate is falling: some explanations

The NYTs asks Why Are Middle-Aged Men Missing From the Labor Market? As many have noted the unemployment rate is < 4%, but this ignores that a lot of people have dropped out the labor market permanently. Just drive down the street or go to any coffee shop or store during the weekday, during working… Continue reading Why the labor force participation rate is falling: some explanations

Academia is the public sphere

Richard Hanania argues that brilliant people are toiling away in academia, being excluded or ignored by the ‘public sphere’: 5. Yglesias on what he learned founding Vox. I can relate to the point that talent is limited. CSPI does talent recruitment on a smaller scale, and there aren’t many Hananias, Lemoines, etc. One of my… Continue reading Academia is the public sphere

No oversupply of college/comp-sci degrees, yet

From Freddie’s blog again Yes, Supply and Demand Applies to Computer Science Degrees Again, because people get very sensitive about this topic, this is about headwinds; it’s about salaries and employment rate on the margins; it’s about a very strong employment market that’s still very strong, just more competitive. And there’s a natural cap on… Continue reading No oversupply of college/comp-sci degrees, yet

The Pendulum Comes Back, Usually

Freddie deBoer discusses religion again. This passage stood out: This disdain for arguments about the pagan roots of Christian religious practice is a prototypical example of the current turn in atheism: where once atheists competed to be the most disrespectful towards believers, now they compete to be the most respectful. Where once atheist online spaces… Continue reading The Pendulum Comes Back, Usually