My position is that (1) contracts entered into freely shouldn't be nullified because it's popular; (2) going forward, Univs should be co-signers of the loans (which would change their admissions/offerings a lot, I'm guessing); (3) merit scholarships should be the norm. 🤓🤓🤓 2/
Coming from a poor country, we had free education but the universities had a lot more STEM/business/law students than, say, humanities (and those were generally geared towards "teach in middle-to-high school" jobs). It wasn't a "finding yourself" time, more a "get a job" 🧐🤓 3/-
I undestand a lot of this is posturing, but it's difficult to take seriously anyone who dismisses universities tout court, as if that wouldn't be a massive disaster. (Think #STEM, medicine, law, hey, even the technical parts of business.)
(There's a bunch of investors in "alternative" hi-edu platforms who have a clear interest in bad-mouthing college, to which I respond: when you get brain surgery from someone who learned medicine on your platform, I'll take you seriously. Till then, talking your book… so 90s!🧐)
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Saw a video with someone [who clearly "loves" science but never learned any] talking about net-zero (i.e. ending fossil fuels) by intensifying use of current "zero carbon" [if we ignore their lifecycle] technologies.
Mostly electrifying things and adding batteries. 1/
It makes little sense to build massive new infrastructure for technologies that are very far from the needed performance; investing in the creation of new technologies (as opposed to incremental improvements of current tech) make a lot more sense. 2/
However, investing in creation of new technologies, the "R" part of R&D, gives money to the wrong people: scientists, engineers, research centers… i.e. nerds. Nerds with no political connections and no financier friends. So putting money in improving current tech wins. 3/
Now picking fights with traditionalists (as in, do it the hard way, not the pragmatic way), in addition to frequentists… 🤓🤓🤓🤓🤓
If the Norwegians gave Nobel Prizes for circumspection, I'd offer this as my entry for the shortlist. 🤓🤓🤓🤓🤓
I guess one starts to notice type sizes eventually, which is why eBooks (and 42" displays) have significant advantages over books on dead tree, not counting search, portability, etc…
I'm sure there's nothing to fear that in less than 2 decades the Federal Reserve assets went from less than 5 % of GDP to close to 40% of GDP (as the economy grows, mind you).
Nothing to fear at all. Trust the system. 😱😱😱😱😱
One can easily spend all afternoon playing around with the FRED, getting further depressed, and not doing anything productive or healthy, so (and topical given the QT is of Tyler Winklevoss), I think I'll get 7 n.mi. on the Concept II and listening to an audiobook.
Zeroing derivatives = no affordable insurance.
Zeroing CO2 = no life.
(The things he wants growth in depend a lot on the things he wants degrowth of. Any input/output matrix will show that.) 0/
The problem with this view of the world, that we can get rid of the bad things and increase the good things by fiat, aka the toddler view of the world writ large 😱😱😱, is that there's a technological constraint on how the world works at any given time. 1/
The solution is technological development, but of course that development doesn't appeal to his side:
- Tech innovation increases economic differentials
- STEM people are often not "people persons" so they don't appeal to mass movements
- Most economists can't understand STEM 2/