- Scott Sumner: Too good to be true. Sumner has a PhD in economics and a storied academic career but you don’t need either to confirm his observation that Congress punishes savers and rewards spendthrifts. And in that they are merely following the current animal spirits of the country: behold credit scores plummeting when you pay off your mortgage. Cui bono?
- Joan Westenberg: The “Passive Income” trap ate a generation of entrepreneurs. Certainly not the poor shmucks setting up yet another Amazon
enshitiffierdropshipping storefront. As Westenberg points out, far worse than their job of enshittifying my online shopping experience is the opportunity cost: what could have these would-be entrepreneurs done had they not paid $1,000 for a get-rich-quick course? And if you liked that article, do see her [Notes on going solo][2a]. The mind bristles with possible applications for a solo practice. - Aidan Walker: what would Whitman do?. And what could possibly be more American than a solo practice? After all, it is a country that emphasizes individuality over the communal for better or worse. But of course culture changes all the time and as eternal as this state of affairs seems to have been, Walker reminds us that it is no older than the second half of the 20th century. Before then, and certainly in the time of Lincoln, the themes were:
Nature worship, creative self-assertion, and loving solidarity. This mystic trinity is the foundation of American democracy, which was really founded by Lincoln and not Washington. Liberalism is something they invented in Europe.
- Jorge Arango: Robots in the Garden. But with solidarity dead or dying we have LLMs to turn to. Behold a proposed collective of 9 algorithms to serve as your amanuenses. This may even make me go back to computer note-taking! Arango has a book about that very topic, now on the pile.