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Happy to see how many titles by Gore Vidal he owned - and annotated.

One of the great acts of human creativity has been to convince the masses that if you install a bunch of middlemen who are looking to profit, goods and services will be cheaper and better.

I think part of the success of this message is that it’s so obviously silly that people feel silly questioning it.


for liquid markets, the evidence for this is quite good.

i think it is beyond clear that some of you all have never worked in federal government to have such a rosy outlook


if you factor in how private industry exploits negative externalities, the mystically infallible free market is quite bad. a great example is people saying nuclear energy doesn't make sense and never will when compared to fossil fuel burning energy production, but that's entirely ignoring the million+ people who die every year from illnesses directly attributable to pollution from fossil fuel energy. and the whole irreversibly killing the planet thing.


Yeah, I thought the "N" was for Nest


Hungry Nibbler


> Well-run companies aren’t zealots

They absolutely are zealots; the zealotry focuses on profit.

Why these types of stories are so jarring to some is that they serve as a reminder that your pet technology or project will get fed into the wood chipper if enough bloodless “Ex-Bain, Ex-Mercer, I Love LinkedIn” types tell the ceo it’s a profitable idea. And you and I are just as expendable.


I'm sure you're aware of this website, but just in case anyone else wants to delve into etymology, the site etymonline.com is free and fantastic.

https://www.etymonline.com/search?q=tariff

Spoiler: the word is originally from Arabic :)


I use a Turkish site from Sevan Nişanyan: https://www.nisanyansozluk.com/kelime/tarife

Also gives the same information. BTW the dude is a legend, I had lessons from him in university, he could speak like 12 languages or something.


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