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…but if I were a company, I’d guess more people would want to work in a shop than in a warehouse. Good news though! I wouldn’t have to guess, because of The Market. I could just hire for both roles and see how much I needed to pay to get people to do them.

This is Brezhnev era stuff. When a system is collapsing, the people at the top would far rather it fails on their terms than it is fixed on anybody else's.

Happy American Independence Day

Left the US on 4th July amid everyone celebrating the Constitution... ...returned to the UK on 5th July to find the police arresting people for expressing their opinions in public. Quite the contrast!

BREAKING: “The Emirate of Hebron shall recognize the State of Israel as the nation state of the Jewish people," write five Hebron sheikhs, backed by 16 more. This unveils a peace initiative they've been working on with Israel's Nir Barkat since February, meeting at his home.

Brian Albrecht (Brian Albrecht) consistently offers some of the sharpest takes on basic economics on X. His recent post is a gem: 🔗 economicforces.xyz/p/will-ai-skyr… Brian makes a simple but essential point, one I’ve tried (and failed) to make thousands of times when talking about

🚧 A challenge for this Government, and for Britain: can we build a new runway in under four years? Our answer? YES, but only if ministers use their powers decisively. In a new paper, Labour Together & Centre for British Progress set out a plan to let Britain fly 🛫 Here's how:

"Theoretical risk" drones could be used to carry prisoners out of jail. Watchdog boss says police + prisons have "ceded the airspace" to "sophisticated drones" taking in "overwhelming amount" of drugs + weapons, posing "threat to national security." news.sky.com/story/drones-a…

Little tidbit from James Dyson's autobiography "Invention", about being asked by one government body to build a new college, and then being aggressively obstructed by several other government bodies (including the one that suggested the site in the first place)

As promised … now available in open access … Institutional Diversity and The Economic Calculation Debate cambridge.org/core/elements/…

The secret to London’s last housing boom? Less paperwork cityam.com/the-secret-to-…

Low fertility is the result of shifting adult priorities, likely driven by changing norms, evolving opportunities and constraints, and broader social forces, from Melissa S. Kearney and Phil Levine nber.org/papers/w33989

My intentionally generous review of Quinn Slobodian's 'Hayek's Bastards' is now available in the Review of Austrian Economics link.springer.com/article/10.100…

10/ Prostakov and 'Historian' describe their commanders systematically robbing and beating each batch of men arriving in the unit, before they are wiped out in 'meat assaults'. "In fact, if a company goes on a combat mission, 10% return, and they all return as 300s [wounded]."

Whitelocke A crazy alternative that might be much easier to do politically: recognise that districts are social care orgs; remove all of their other responsibilities to regional mayors/combined authorities or parishes, depending on whether they are big or small. Allow both of those higher

The last successful planning application for a reservoir was submitted in 1976 As late as the 1960s Britain typically opened 3 reservoirs a year. bbc.co.uk/news/articles/…

Palestinians force to leave and Israeli settlers move in. This is a pattern being repeated in villages across the Jordan Valley in the Israeli-occupied West Bank. We're in Mu’arrajat, which until a week ago had a population of around 500 people.

On July 20,1974,Turkey 🇹🇷 invaded Cyprus, violating all rules of international law, including the Charter of the United Nations. Thousands of Greek Cypriots lost their lives and over 200,000 Cypriots fled their homes leaving behind their belongings. The world stood by and watched