This, why new AI billionaires should subsidize immigration from China to Madagascar, and my dog Irving reacting to the window cleaners rappelling down my apartment building. Singapore Trilogy meets AI, 100 minutes, on the @secondorders podcast: piped.video/watch?v=sLx9NXwZ…

No property tax revenue from that data center.

Background: I am co-teaching (with Kent Daniel) a grad course at Columbia titled "Quantitative Investing". I can share my slides, starting with the ones on market structure (ch.1 in my 2nd book). Below are a few representative slides. I will share the lecture on linear return models this weekend. At some point also one lecture on very high-dimensional linear models, which are interesting. For now link to first deck is in reply. Enjoy.

🎟️ Win a free ticket to Bluechip26! Austria's leading business magazine, trend. is featuring Bluechip26 and giving away 5 free tickets to the conference. The feature covers Vienna's rise as a crypto hotspot, and why safety ratings will decide where institutional funds flow. Read the feature and enter the giveaway below. trend.at/invest/wien-als-hot… Bluechip26 is the world's first and leading conference dedicated to crypto safety. 📍 Nov 10-11 in Vienna

I'll take that as agreement, thanks. How are we supposed to understand, in particular, the thinkng of the Founders without knowing at least some of what the Founders knew? And what the Founders studied above all was history - Greece. Rome, Christendom, Europe.

Maybe it's good for our civilization that the radical left is spending all it's time on the Middle East instead of nationalizing businesses or whatever

And Buchanan was right: "You can draw your own conclusions about the desirability of the minimum wage, but the fleeting hope that it raises wages without trade-offs is gone." @ATabarrok at @MargRev: marginalrevolution.com/margi…

In 2023, @gclarkecon argued in PNAS the long-run persistence of social status fits an additive genetic model with assortative mating. The main critique was that pedigree data alone couldn't rule out a social transmission model. The last few years seem to vindicate him. 🧵(1/4)

This tweet can be summed up in a sentence: Now that East Asian and Indian kids are doing better than white kids in school and the job market, we need to rethink meritocracy. It's the same logic that led colleges to put quotas in place to limit the number of Jewish students.

Jerry Z. Muller: academia today, intellectual history in the past and AI in the future razibkhan.com/pub/razib/p/je… Today Razib talks to Jerry Z. Muller, a historian and professor emeritus of history at the Catholic University of America in Washington, D.C., specializing in modern European intellectual history, capitalism, conservatism, and German and Jewish history. His work explores how ideas shape economic, political, and cultural life, bridging history, philosophy, and public policy. His books include Conservatism: An Anthology of Social and Political Thought From David Hume to the Present, The Mind and the Market: Capitalism in Modern European Thought, Capitalism and the Jews, The Tyranny of Metrics, and Professor of Apocalypse: The Many Lives of Jacob Taubes. Writing for both scholarly and general audiences, Muller examines subjects ranging from the moral arguments surrounding capitalism to the consequences of relying excessively on numerical measures to evaluate institutions and individuals. He has an eponymous Substack. The conversation revolves to a great extent on a recent post by Muller, Rethinking Faculty Control Scholarly Norms, the Vanderbilt Report, and the Limits of Academic Self-Government. Razib and Muller discuss the challenges facing universities, the resilience of American capitalism, and the effects of AI on intellectual life. Muller argues that scholarship depends on “organized skepticism,” including peer review, replication, and engagement with different viewpoints, but that activism and ideological conformity weaken these practices in parts of academia and undermine public trust. They also tackle whether stronger university leadership can help address these problems while managing declining literacy and numeracy, shifting demographics, uncertain international enrollment, rising costs, and pressure to demonstrate results. Muller suggests that vocational training may increasingly separate from liberal arts education and research, raising questions about how universities can adapt while maintaining academic standards and intellectual diversity. He remains broadly optimistic about American capitalism, pointing to technological innovation, competition among states, immigration, and social supports. Both view AI as a powerful tool for skilled thinkers but a potential source of intellectual passivity for others, raising the question of how people can preserve their agency and sense of purpose as AI becomes part of everyday intellectual work.

This post led me to meet the most remarkable founder solving this problem. X is the greatest tool for business in the world.

Must we solely rely on the AI Labs and government to protect us from AI risk? We have many private ways to self-protect against this risk. I explore this adaptation point in my new paper. drive.google.com/file/d/1wnE…

I started reading it this morning, truly does pull you in

I am such a fun podcast guest

If a large nation has private medical data accidentally publicly accessible to a zero-spoofing/phishing agent, the person most to blame is the IT staff who work for the government, not OpenAI! Responsibility...

On David Card and Alan Krueger's minimum wage paper: "Fortunately, only a handful of economists are willing to throw over the teaching of two centuries; we have not yet become a bevy of camp-following whores." -James Buchanan, in the Wall Street Journal (25 Apr. 1996)

Every time I see one of these hit pieces I instinctively donate, it's so rewarding it's worth months of garbage Dem spam

Agree with caveat that "big increase in productivity" is very very very unlikely to be bad for workers overall.

New biodefense startup, first product: “a ~50-pound box designed to detect any airborne pathogen in near-real time”

"Business will certainly need to end many commitments they made during the high-trust, pre-AI world"