Substack quotes

 AI Laundering - "blaming AI for layoffs you were going to do anyway - is going to be a real thing."  Alex Imas

Victor Kumar  at Open Questions "LLMs are so overconfident and they’ll just invent empirical claims when they’re convenient. What a relief to talk to a philosopher instead."

Why America's Extremes Will Both Fail, by Noah Smith at Noahpinion. "In all of these cases, what progressivism is doing is parasitizing the liberal institutions that allowed progressivism to exist in the first place. Liberals built the public libraries; progressives are destroying them by turning them into ad-hoc homeless shelters. Liberals built trains, but now people don’t want to ride the train because of crime and disorder, requiring big bailouts from the state of California. Progressive tolerance of bad behavior by the few — open drug use and sales, theft, street harassment — has turned parks, streets, and other types of urban commons into no-go zones for the bulk of the citizenry." (The whole article is excellent)

 Stefan Schubert "When we try to understand society, we often neglect how people react to changing circumstances. You see it in climate discourse that assumes we’ll sleepwalk into disaster. You see it in Hollywood battle scenes, where they never retreat, no matter how bad it’s going. And you see it in the discourse about a world without work, which tends to assume we won’t be able to create new meaning. But I’ve noticed that economists don’t make this mistake as often, since the insight that people adapt to change and respond to incentives is a cornerstone of their discipline. We should all learn to think more like economists."

Pieter Garicano at Works in Progress: "Why Europe Doesn't Have a Tesla. These rules – severance, negotiating periods, works councils, buyouts, and waiting periods – collectively impose high costs on a European company that tries to let workers go. The costs of restructuring are so high that companies will often try and bribe their workers to leave. In 2023, Amazon offered French employees a year’s salary to leave voluntarily so they didn’t have to fire them and go through a legal restructuring. In 2024, German chemical manufacturer Bayer offered long-tenured workers 52.5 months of pay, or over four years’ worth, in exchange for quitting."