Blue jays went 18 on purpose. Chess not checkers

One way to square: big point of independence is reduced chance of sacrificing long-term stability and growth for the sake of short-term juice. Loss of independence -> short-term juice more likely. So pop in asset prices now.

Right. The dotcom boom or railroads and canals in the 1840s seem like the more apt “bubble” comparisons

Fair! Few other ways to think about bubbles 😂

Right! But then it also seems hard to conclude that “People are not purchasing AI with the goal of selling AI later at a higher price”

How do you distinguish between “I am buying because I think this will have high earnings in the future” and “I am buying because I think I can sell this for more money later”? They are pretty indistinguishable in practice

do you have a hypothesis for its role here?

That was my theory going into the piece, but it turned out to be not only false but seemingly the opposite: the biggest employment gains young male grads have made in the past year have been in software and engineering jobs

#QJE Aug 2025, #13, “What Works and For Whom? Effectiveness and Efficiency of School Capital Investments Across the U.S.,” by Biasi (@barbarabiasi.com), Lafortune, and Schönholzer (@davidschonholzer.bsky.social): doi.org/10.1093/qje/...

These are great too in Total Recall

Why are they leaving money on the table. They should go to 162 like baseball.

Yup I didn’t see it either

I find it very strange that it should mean different things to different people. Does the nba give any kind of indication of what mvp means when it asks people to vote?

Sure but real madrid didn’t give him the boot and call him fat 😂

He played for them lol