In one of Julie Burchill’s more vitriolic moments – and there have been some scorchers – she described an antagonist as suffering from “severe spotlight depravation”. This is also the malaise suffered by the largest group of academics at conferences. They bounce between sessions, coming alive during question time. Attending for the sole purpose of drawing attention to themselves, their questions rarely carry content, and are always delivered from a standing position, so that they can display their ill-fitting polyester suits and introduce themselves in great detail. Name, title and university affiliation are rarely enough. The audience receives an elevator pitch on the questioner’s fabulousness and depth of knowledge on the topic. Which topic? Well, any topic, really.
I confronted a SSD sufferer recently. I was delivering a keynote. The questioner was not – and his ostentatiously displayed knowledge was as dated as his shiny silver suit. After, he approached me in the lunch room and stated: “It will be great to see how your career develops from here.”
I had published 17 books when he offered that comment. He had not. If I was any more developed, my breasts would occupy two time zones. But the mediocrity of SSD sufferers rarely allows facts to inform the movements of their restless tongues.
Tara Brabazon, “Fifty shades of conference feedback”, Times Higher Education, 2017-07-06.
July 13, 2019
QotD: The severe spotlight deprivation (SSD) sufferer
July 12, 2019
July 11, 2019
QotD: English is weird
English started out as, essentially, a kind of German. Old English is so unlike the modern version that it feels like a stretch to think of them as the same language at all. Hwæt, we gardena in geardagum þeodcyninga þrym gefrunon – does that really mean “So, we Spear-Danes have heard of the tribe-kings’ glory in days of yore”? Icelanders can still read similar stories written in the Old Norse ancestor of their language 1,000 years ago, and yet, to the untrained eye, Beowulf might as well be in Turkish.
The first thing that got us from there to here was the fact that, when the Angles, Saxons and Jutes (and also Frisians) brought their language to England, the island was already inhabited by people who spoke very different tongues. Their languages were Celtic ones, today represented by Welsh, Irish and Breton across the Channel in France. The Celts were subjugated but survived, and since there were only about 250,000 Germanic invaders – roughly the population of a modest burg such as Jersey City – very quickly most of the people speaking Old English were Celts.
Crucially, their languages were quite unlike English. For one thing, the verb came first (came first the verb). But also, they had an odd construction with the verb do: they used it to form a question, to make a sentence negative, and even just as a kind of seasoning before any verb. Do you walk? I do not walk. I do walk. That looks familiar now because the Celts started doing it in their rendition of English. But before that, such sentences would have seemed bizarre to an English speaker – as they would today in just about any language other than our own and the surviving Celtic ones. Notice how even to dwell upon this queer usage of do is to realise something odd in oneself, like being made aware that there is always a tongue in your mouth.
John McWhorter, “English is not normal”, Aion, 2015-11-13.
July 10, 2019
QotD: Price controls
Price controls – both price ceilings and price floors – reduce the quantities of price-controlled goods and services that consumers actually get. Forcing the money price of a good or service down with a government-imposed price ceiling reduces the amount of this good or service that consumers actually get by reducing the quantity supplied (from what that quantity would be were the money price not forced downward). Forcing the money price of a good or service up with a government-imposed price floor reduces the amount of this good or service that consumers actually get by reducing the quantity demanded (from what that quantity would be were the money price not forced upward). In both cases, the government intervention reduces economic output.
Minimum wages, statutory prohibitions on so-called “price gouging,” and other price controls reflect irrational mysticism. These controls are all premised on the notion that by forcibly changing the nominal reported value of a good or service – that is, by forcibly changing the name of the value – the real value of the good or service will change to correspond to the dictated name. It’s a notion no less batty than is the belief, say, that the New York Times can actually change the number of people killed in a terrorist attack by changing the name of the number. Yet who believes that if, say, 18 people are killed in a terrorist attack that the number of dead people will miraculously be reduced by three if the New York Times reports that “15 people were killed in a terrorist attack”? The answer, of course, is no one. Indeed, anyone who would suppose that reality is changed simply when newspaper reports of it are changed is recognized as being too far detached from reality to take seriously.
Those who support price controls are just as detached from reality. The market-determined price of a good or service is as accurate a report as is possible of the value of each unit of a good or service. This value will not move up or down simply if the government orders it to move up or down.
[…]
None of this matters to proponents of price controls. Such proponents are satisfied with the fact that the names of the values of good or services are changed in ways that please the eye and ear of the economically illiterate. If it is now possible to say that the highest name of the value of a gallon of gasoline is $1.00, then these proponents are content to believe that the real value is indeed $1.00. If it is now possible to say that the lowest name of the value of an hour of low-skilled labor is $7.25, then these proponents are content to believe that the real value is indeed $7.25.
It’s a foolish superstition. It is, however, a superstition that is very widespread, especially among those who today fancy themselves to be immune to superstitions.
Don Boudreaux, “Quotation of the Day…”, Café Hayek, 2017-06-19.
July 9, 2019
QotD: Tariffs
The entire aim of having trade is so that we can go buy those lovely things made by foreigners. We only export so as to be able to swap something for those foreign made goods. Thus tariffs are a bad idea to begin with — why should we tax ourselves for gaining access to the very point of our having trade in the first place? Sadly all too many don’t grasp this point. Too many of them being in the current Trump Administration.
Over and above the general point that we don’t want to limit trade nor imports there’s another worry with tariffs and trade wars. Which is what the International Monetary Fund is complaining about. The imposition of more tariffs is a disruption to that global economy. One that is going to reduce growth, the very thing we all desire.
Tim Worstall, “IMF Says The U.S. And China Trade Tariffs Are A Major Risk To World Growth”, Seeking Alpha, 2019-06-07.
July 8, 2019
July 7, 2019
QotD: Speaking for the dead
The House of Representatives passed a constitutional amendment on flag burning last week, in the course of which Representative Randy “Duke” Cunningham (Republican of California) made the following argument:
Ask the men and women who stood on top of the Trade Center. Ask them and they will tell you: pass this amendment.
Unlike Congressman Cunningham, I wouldn’t presume to speak for those who died atop the World Trade Center. For one thing, citizens of more than 50 foreign countries, from Argentina to Zimbabwe, were killed on 9/11. Of the remainder, maybe some would be in favor of a flag-burning amendment; and maybe some would think that criminalizing disrespect for national symbols is unworthy of a free society. And maybe others would roll their eyes and say that, granted it’s been clear since about October 2001 that the Federal legislature has nothing useful to contribute to the war on terror and its hacks and poseurs prefer to busy themselves with a lot of irrelevant grandstanding with a side order of fries, they could at least quit dragging us into it.
And maybe a few would feel as many of my correspondents did last week about the ridiculous complaints of “desecration” of the Koran by US guards at Guantanamo – that, in the words of one reader, “it’s not possible to ‘torture’ an inanimate object”.
That alone is a perfectly good reason to object to a law forbidding the “desecration” of the flag. For my own part, I believe that, if someone wishes to burn a flag, he should be free to do so. In the same way, if Democrat Senators want to make speeches comparing the US military to Nazis and the Khmer Rouge, they should be free to do so. It’s always useful to know what people really believe.
Mark Steyn, “The Advantage of Knowing What People Really Think”, SteynOnline, 2017-06-14 (originally published in The Chicago Sun-Times, 2005-06-26).
July 6, 2019
QotD: How to learn
I can imagine an economics professor reading through The Literary Book of Economics in search of things he can use in his teaching. But I find it hard to imagine anyone else doing so on his own initiative, merely because he enjoyed reading it. There is a reason why a book is the length it is; a novel is not, with rare exceptions, a series of short stories. I conclude that most of the people reading [Michael] Watts’ book, most of the people it was written for, will be students reading it because their professor told them to. And, judging by my experience of students over the years, many of the students told to read it won’t.
That fits the pattern of most modern schooling at all levels. Someone else decides what you should learn, tells you what you must do to learn it, and makes some attempt to make sure you follow his instructions. It is not a model I think highly of. A much superior model in my view, if you can pull it off, is to get someone to learn something primarily because he finds it interesting. The best way of doing that is to provide students with things to read that are worth reading on their own, not things they read only because they are ordered to. Not even things they read only because they think the labor of reading them will pay off in future benefit.
That view of education is why both children of my present marriage were unschooled. It is also why all of my nonfiction books, with the partial exception of Price Theory, were targeted at the proverbial intelligent layman. They can be, and sometimes are, used as textbooks, but they were written with the assumption that if the reader did not find a chapter worth finishing he was likely not to finish it.
David Friedman, “Thoughts on Literature, Economics and Education”, Ideas, 2017-05-01.
July 5, 2019
QotD: The paradox of tolerance
In 1945, the philosopher Karl Popper wrote in his book, The Open Society and Its Enemies that “in order to maintain a tolerant society, the society must be tolerant of intolerance.”
This is now referred to as “the paradox of tolerance.”
Popper argues that unlimited tolerance is self-defeating. If a tolerant society is tolerant of the intolerant, the intolerant will defeat the tolerant. Therefore, tolerance is all well and good, but to defend itself, it must maintain a certain degree of intolerance towards the intolerant.
It it this defense of intolerance that radicals use to justify violence against their political opponents.
If one dares to question the legitimacy of “direct action” from communist groups against their political opponents, these groups will quickly cite this paradox of tolerance. When fascists are shooting up mosques and synagogues, it’s difficult to defend them against mere milkshakes.
Which is why the paradox of tolerance is constantly brought up to defend violence: It’s hard to argue against. Only the most strict pacifist will argue against violence in (the name of) self-defense. Karl Popper was right to point out that a tolerant society that is tolerant toward its enemies will be destroyed.
Nathan Kreider, “Misconceptions of the Paradox of Tolerance”, Being Libertarian, 2019-05-31.
July 4, 2019
July 3, 2019
QotD: Elon Musk as a modern-day Ferdinand DeLesseps
I used to love Elon like everyone else. I still think that having four or five billionaires in a space race against each other is finally the world I thought I was going to get growing up reading Heinlein. The Tesla Model S was probably one of the most revolutionary cars of the last 50 years. But he lost me when he committed outright fraud in the Solar City – Tesla deal and since then have only become more skeptical about he and Tesla.
I sort of laugh when folks tell me that really smart successful rich people believe in Tesla. You mean like James Murdoch, on the board of Tesla and who also was lost his entire investment in Theranos? Or like Larry Ellison, an adviser and fan of Elizabeth Holmes who invested $1 billion in Tesla just 6 months ago and has already lost 40% of it? The window on this is probably closing, but over the last 10 years if you wanted to get Silicon Valley investors to throw a lot of money at you, find a traditional bricks and mortar business and devise a story in which you take that industry and convert its economics to that of the networked software world (see: Uber, WeWork, Tesla, and even Theranos in some of its strategic pivots).
Or how about true millennials and Elon Musk? Name a wealthy millennial supporter of Elon Musk and Tesla and I can bet you any amount of money they have not looked at Tesla’s balance sheet or cash flow or the details of its global demand trends. They have not thought about its dealership strategy or manufacturing strategy and the cash flow implications of these. They just like what Elon says. It sounds big and visionary. They buy into Elon’s formulation that he is saving the environment and everyone opposed to him is in a cabal with big oil (ignoring the fact that Elon routinely uses his Gulfstream VI to commute distances less than 60 miles). So saying that rich millenials adore Elon is effectively saying that they want to be associated with the same things Elon says he is for — the environment and space travel et al.
Elon Musk is Ferdinand DeLesseps. He is PT Barnum. He is Elizabeth Holmes. He is the pied piper. He is fabulous at spinning visions and making them sound science-y. But he is not Tony Stark. There is a phenomenon with Elon Musk that everyone thinks he is brilliant until they hear him speak about something about which they have domain knowledge, and then they realize he is full of sh*t. For example, no one who knows anything about transportation or physics or basic engineering has thought his Boring Company and Hyperloop make any sense at all. His ideas would have been great cover stories for Popular Mechanics in the 1970’s, wowing 13-year-old boys like me with pictures of mile-long cargo blimps and flying RV’s. He is like a Marvel movie that spouts science that is just believable-enough sounding that it moves the plot along but does not stand up to any scrutiny.
All of this would be harmless if he was not running a public company. I don’t really care about the rich folks who were duped by Elizabeth Holmes, but hundreds of thousands of small millenial investors who have totally bought into the Elon hype are literally putting their last dollar into Tesla, and sometimes borrowing more. Tesla shorts often laugh at these folks on Twitter, calling them “bagholders,” but it is a tragedy. Unless Tesla finds a sugar daddy sucker, and the odds of that are getting longer, I think it is going to end badly for many of these investors.
As a disclosure, I have been short Tesla via puts for a while now. It you really want to understand Elon, the best book I can recommend is The Path Between The Seas about the building of the Panama Canal. First, it is a great book you should read no matter what. And second, Ferdinand DeLesseps is the best analog I can find for Musk.
Warren Meyer, “People Who Express Opinions Outside of their Domain Seldom Have Really Looked into it Much”, Coyote Blog, 2019-05-28.
July 2, 2019
QotD: Italy and the Nazi Final Solution
Surprisingly given the bad associations I have with the word “fascist”, Mussolini’s Italy may win third prize in the Righteous Among The Nations stakes. [Hannah] Arendt describes it [in Eichmann in Jerusalem] as “sabotaging” the Final Solution within its borders despite nominal alliance with Germany:
Colorized portrait of Italian Fascist leader Benito Mussolini in 1940.
Colorization by Roger Viollet via Wikimedia Commons.
The gentlemen of the Foreign Office could not do much about it, because they always met the same subtly veiled resistance, the same promises and the same failures to fulfill them. The sabotage was all the more infuriating as it was carried out openly, in an almost mocking manner. The promises were given by Mussolini himself or other high-ranking officials, and if the generals simply failed to fulfill them, Mussolini would make excuses for them on the ground of their “different intellectual formation”. Only occasionally would the Nazis be met with a flat refusal, as when General Roatta declared that it was “incompatible with the honor of the Italian Army” to deliver the Jews from Italian-occupied territory in Yugoslavia to the appropriate German authorities.
An element of farce had never been lacking even in Italy’s most serious efforts to adjust to its powerful friend and ally. When Mussolini, under German pressure, introduced anti-Jewish legislation in the late thirties he stipulated the usual exemptions – war veterans, Jews with high decorations, and the like – but he added one more category, namely, former members of the Fascist Party, together with their parents and grandparents, their wives and children and grandchildren. I know of no statistics relating to this matter, but the result must have been that the great majority of Italian Jews were exempted. There can hardly have been a Jewish family without at least one member in the Fascist Party, for this happened at a time when Jews, like other Italians, had been flocking for almost twenty years into the Fascist movement, since positions in the Civil Service were open only to members. And the few Jews who had objected to Fascism on principle, Socialists and Communists chiefly, were no longer in the country. Even convinced Italian anti-Semites seemed unable to take the thing seriously, and Roberto Farinacci, head of the Italian anti-Semitic movement, had a Jewish secretary in his employ…
What in Denmark was the result of an authentically political sense, an inbred comprehension of the requirements and responsibilities of citizenship and independence – “for the Danes … the Jewish question was a political and not a humanitarian question” (Leni Yahil) – was in Italy the outcome of the almost automatic general humanity of an old and civilized people.
Scott Alexander, “Book review: Eichmann in Jerusalem”, Slate Star Codex, 2017-01-30.
July 1, 2019
QotD: Canada Day, if we have to…
It is Perfectly All Right that a country should be entirely unable, on the anniversary of its founding as a state, to think of a single reason to celebrate it. It is Perfectly All Right, likewise, that it should be so devoid of fellow-feeling amongst its citizens that its government does not dare mention the reason for the generic celebrations it has ordered up, for fear of alienating one section of the population or another.
The reasons for this bouncy nihilism vary: either because nationalism is icky, or because Canada’s lack of nationalism is in fact a kind of inverted nationalism, a way of distinguishing ourselves from other nations. Anomie is part of our unique cultural identity. Yadda yadda yadda never had a civil war blah blah blah we’re a shy, diffident country yadda yadda something about the wilderness, and we’re done.
It’s interesting that this anti-nationalism, mostly on the left, should coincide with the rise of nationalism — mostly imported, in one of the many ironies of this debate — on the right. The ur-text among the latter is that interview Justin Trudeau gave the New York Times Magazine, in which he referred to Canada as the world’s “first post-national state,” inasmuch as it has no “core identity, no mainstream,” thus confirming populist suspicions of him as a treasonous stooge of globalist elites.
Andrew Coyne, “On Canada Day let us remind ourselves we have done well, even as we strive to do better”, National Post, 2017-07-01.
June 30, 2019
QotD: The humble dishwasher
Even for consumers who value flash more than I do, I’m not sure anyone can turn the dishwasher into a sexy appliance. The reason the dishwasher gets so little attention is not that no one has thought it through carefully enough; the problem is that the dishwasher already works too well.
Dishwasher technology is already pretty good. Yes, we haggle over which things should be loaded where. And then we close the door, and some time later, open it again to find our dishes clean. It’s a miracle. Miracles are not ordinarily subject to major technical advances.
But there’s another sense in which dishwashers are too good to be made sexy, a more important one: Dishwashers do the whole job of, you know, washing dishes. There is no scope for the chef’s skill. Your refrigerator holds your culinary creations as they await unveiling; your range midwifes the moment of transformation under your careful control and with your vigilance. Even those who don’t spent a lot of time putting fabulous meals together often entertain extensive fantasies about being the sort of person who does. And express those fantasies through a $10,000 steel box.
No one fantasizes about being the sort of person who puts plates away. And because even basic dishwashers are so efficient, they kill any fantasies we might develop about buying a lavish model so that we can be known for our sparkling-clean tableware. The dishwasher offers us many hours of extra leisure, but no scope for imagination. And so after the argument is over, and the dishes are put away, it retreats to the back of our mind. It can stay there.
Megan McArdle, “A $2,000 Dishwasher Will Never Impress Me”, Bloomberg View, 2017-05-25.






