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Sounds more like people retire somewhat early - for 25-54yo labor force participation near all time high: https://fred.stlouisfed.org/series/LNS11300060 And here is one for 55+yo: …

What happens if large cohort of Boomers retires and stop working, instead living on their savings? Labor share of income drops. If you remove this effect, the labor share of income…

True, makes total sense for kids

Sounds like a fun project. Honest question: why would one switch from a much more capable "carry everywhere" smartphone camera to this? Especially since phone is truly carry always…

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It doesn't negate the influence gain, however the Putin and Trump examples show that this influence is often (very) limited and short lived, not "tremendous"

How massive relative to everything else in the economy that is not zero sum? 1%? Also, disagree on options and futures market. They do provide important economoc function of price …

Can't see that far... All seems flat to me

Yes, people are getting wealthier in real terms, including the poor. Especially if you quantify it the right way: absolute consumption/expenditures, not relative % from median inco…

How much bending is actually happening vs just hypotheticals thought? Elon Musk donated a lot and then suddenly Big Beautiful Bill hit Tesla very hard. Doesn't sound like he got a …

I just see political influence as separate issue. Make sure they cannot lobby/donate (prison if they do) and problem solved. Why being tangiable so important? E.g. a billionare mad…

And I agree that _some_ redistribution is necessary for a healthy society. But the cost of slowing growth must be weighted agaist it. And populist calls for "no billionaires" etc a…

"seems" as based on vibes? Beware of nostalgia bias! It is true that middle class has been shrinking. What is often overlooked though ks that the majority of that middle class move…

Exactly, and thankfully those have been made based on natural experiments like the ones I shared. And the consensus among serious modern economists (not those making money on selli…

My bad, wrong chart (it's in real terms though) Here is net wealth increasing for all, let's celebrate: https://commons.wikimedia.org/wiki/File:1962-_Net_personal_w... My point is …

Can we? Do we even know the counterfactual? Perhaps Norway would have been 2x richer (incl. their poorest people) if they implemented ultra aggressive libertarian policies. The bes…

Well, if Norway managed to pull it off, we can just ignore all the countless counter examples

If your logic is right, people back in the Stone Age were all like Jeff Bezos with mega yachts and stuff... It all went downhill from then - the population has increased so much an…

Is your worry based on vibes? Because statistics clearly show median real wealth growing rapidly: https://fred.stlouisfed.org/series/MEHOINUSA672N

Yes, that is a fair point. However, the cost of drone versus latest generation ballistic missile that has a chance to reach us naval ship is very different. And in that sense, iter…

Iterating on a rocket design is not like making a tweak to a line of code. It needs production line changes, manufacturing, testing, (repeat X times) where the process takes weeks,…

And the age was set to 42.0

You quote correlation and then jump to causation. Any high quality evidence for causation that make you confident it's not depression that drives SM use (or something else entirely…

The EU is rich enough but will they stay "willing enough"? Unfortunately, many EU parties that are gaining popularity are also against spending money on Ukraine