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Why do governments wait until the fiscal crisis hits to act? Alesina & Drazen (1991) argue that stabilization delays aren’t irrational. They’re a war of attrition as groups fight to avoid bearing the cost. The Big Beautiful Bill is setting up the next round.

They cheer the decline, blind to what the void will bring— not dawn, but the knife.

Sigh.

Persuasive 🧵on why the Greeks have crowded out the Romans in the current version of the Western canon.

I would like a book that is just a list of 和製漢語 along with the story of each one being imported into Chinese. I feel like this must exist. (I wouldn't mind another one for words imported from the USSR).

He had ChatGPT write haiku on American decline... and some of these are pretty good.