On #WITHpod, I said that giving parents cash rather than subsidized child care would help men be stay-at-home dads. @chrislhayes described this as "basically a conservative position," noting Mike Lee's proposal for an expanded child tax credit. podcasts.apple.com/us/podcast/dad…
I don't think he's wrong that this is how the politics have worked out, but I think it's unfortunate because a giving parents cash when their kids are very small seems like the better policy on the merits. fullstackeconomics.com/p/giving-paren…
Something that I think is underplayed in progressive discussions of child care subsidies is that it's going to really expensive on a per-child basis, especially if you want to push up the wages of child care workers at the same time.
If you're going to spend large amounts of money helping the parents of young children, it's best to just give them the money and let them decide how to spend it. Maybe they can find a cheaper child care option (like grandma) and use the money for other needs.
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This seems like a good day to tweet out some of my favorite articles I've written over the years criticizing Elon Musk. A thread...
Back in 2016 I did an interview with my favorite Tesla critic, @Tweetermeyer, about Tesla's quality problems. I will say that the Model 3 has worked out better than critics expected. vox.com/2016/6/9/11880…
In 2019 I wrote about how Tesla's favorite statistic about Autopilot safety was bogus. It was based on a basic math error. arstechnica.com/cars/2019/02/i…
I made 9 charts to show the confusing state of the US economy right now. Here's a thread...
Private sector data shows rent inflation falling, while the CPI still shows it rising. This is mainly because the former reflects "spot rents" paid by new tenants, while the CPI includes tenants close to the end of their leases.
Spot rents are probably more relevant for Fed decision-making, but the yellow line is what factors into the CPI. So the CPI is going to stay high for several more months even if inflationary pressures are easing.
For the last decade the crypto industry has been following what I think of as the Uber playbook: their products arguably weren't legal but they launched them anyway, counting on the fact that decentralization would make it difficult to enforce the law.
Like Uber, they portrayed advocates of strict enforcement luddites. And similar to Uber, the plan was to grow rapidly so that they'd have a base of support to change the law. Until last month, SBF was a leading figure in this effort.
The Journalism Competition and Preservation Act is an ugly piece of legislation. It's framed as a framework for negotiation, but that process is so rigged against the tech giants that it will basically force Google and Facebook to financially support local news outlets.
The negotiations are supposed to be over the terms by which tech giants will "distribute" news organizations' content, but for the most part the tech giants don't distribute their content. They just link to it.
But Google and Facebook aren't allowed to just say "ok we don't want to 'distribute' your content." They are required to "negotiate" and if no agreement can be reached it goes to baseball-style arbitration that will basically force them to pay.
Facebook Marketplace's anti-spam capabilities are astonishingly bad. Only one of these 8 "buyers" for my laptop has a profile that looks like a real person in the DC area. Most appear not to even live in the US.
Man, a ton of people want to buy my laptop! Inconveniently almost all of them seem to live outside the United States.
Beyond the lack of anti-spam capabilities, it's weird Facebook makes it so hard to vet people. It takes 3 clicks to get to someone's Facebook profile.
Recently I’ve been thinking about the parallels between Elon Musk and Steve Jobs, another highly successful businessman who had a reputation for being a huge asshole.
Apple employees reportedly avoided getting into an elevator with Jobs because of stories of Jobs asking employees what they were working on and then firing them on the spot if he wasn’t impressed with their answers.
Jobs and Musk both had reputations for abruptly ending meetings they considered to be a waste of time. While this is rude, it’s easy to see how this could increase a CEO’s effectiveness by allowing him to focus on more important matters.