Category: Uncategorized

Friday assorted links

1. Rob Wiblin interviews Rohin Shah, who leads AGI alignment/safety at DeepMind.

2. Books Arnold Kling has reread.

3. Wemby and Star Wars.

4. Even (especially?) for ontologists, supply is elastic.

5. SSRN is getting worse.

6. Major layoffs at The New School.

7. New forthcoming Ethan Mollick AI book.

8. “Scientists at Columbia University have edited the DNA of early human embryos with unprecedented accuracy, an achievement that could open the way to babies engineered with particular characteristics.” (NYT)

9. How much is AI boosting productivity anyway? (FT)  A much-needed dose of sanity.

Western hemisphere fact of the day

Overall, the Western Hemisphere now produces more oil than the Middle East did before the crisis. Canada is the world’s fourth-largest oil producer. Brazil produces four times as much oil as Venezuela; and in Guyana, where production began only seven years ago, output almost equals Venezuela’s. In Argentina’s Vaca Muerta region, shale oil production has grown sixfold since 2020. The current disruption will propel more oil and gas investment in the Western Hemisphere and Africa.

Here is more from Daniel Yergin in the WSJ.

Rubber rationing in World War II

When during the meetings the Americans offered that at most they could convert 15 percent of U.S. auto plants to military production, Beaverbrook replies that 100 percent of British automobile factories had been converted, and encouraged Roosevelt to aim higher.  He did, and on January 1 he ordered U.S. auto production halted by late Februrary.  Within weeks the dearth of new cars became moot when rubber, 90 percent of which came from Malaya and Indonesia, was rationed.  The U.S. had no synthetic rubber factories to make up the shortfall.  Americans soon learned what Britons had long known: without a spare tire or three stashed in the garage, the family car had a very limited range.  Passage by rail — where for fifty years the Pullmans had been Americans’ preferred means of conveyance — was soon limited to troops and businessmen on official war business.  And then the airlines — their routes and the national fleet of 434 aircraft — were commandeered.  By spring, gasoline ratioining, as a mean to preserve rubber more than oil, dribbed on to the Eastern Seaboard and in the following year spread nationwide, guaranteeing that Americans in the heartland could no longer take their vacations at east or west coast beaches even if their bald tires could carry them there.  That proved okay with most because by summer, oil and bilge tar and decomposing bodies — the U-boats’ harvest — regularly washed up onto America’s eastern beaches.

That is all from the excellent The Last Lion: Winston Spencer Churchill: Defender of the Realm, 1940-1965.  As I’ve said before, you can always keep on reading books about World War II and you will continue to learn interesting and important things.

Thursday assorted links

1. Does banking consolidation harm households?

2. Some comments on the new federal framework for AI regulation.

3. This guy is skeptical about doing things in space.

4. Is Chairman Mao underrated, and why did India not get rich too?

5. “Between 1985–2023, MIT’s faculty grew 9%. Administrative staff grew 189%.

6. “What it means for the Korean economy and people when Samsung and SK Hynix are about to pay $430 BILLION in taxes in FY26-28. That’s half the Korean public debt.

Should we recriminalize marijuana?

That is the topic of my latest Free Press column.  Here is one excerpt:

The present and also future of mankind is a world where reasonably high levels of self-discipline are needed to do well. The journalist Daniel Akst pointed this out in his 2011 book Temptation: Finding Self-Control in an Age of Excess, and we are now living it full force.

I would rather cope with that world than face the full nanny state, backed by modern, AI-intensified surveillance techniques to boot. Concentrating more power in political authorities hardly solves the basic problem. If marijuana and sports gambling can manipulate weak individuals, so can unscrupulous political leaders. A greater realization of individual weakness does not translate into a case for more government action; if anything, it suggests the opposite. Better to allow our social problems to fester in a more decentralized fashion, rather than reinforce our social pathologies through a manipulative and dysfunctional leader at the very top.

In the longer term, we may need to look to medications, such as GLP-1 drugs and their offshoots, which seem to curb some forms of addictive behavior beyond the appetite for food. Alternatively, some individuals may choose self-surveillance, with self-imposed penalties for bad or addictive behavior. Perhaps your AI, or a hired third party, docks your bank account every time you puff on a joint. I am not convinced such services ever will become popular, but that should be taken seriously as an indicator of what people really want to do. We can at least give them better options for self-constraint. If they rarely choose such options, then perhaps for many of those people, marijuana consumption is not a matter of weakness but a very well-established preference, whether we like it or not…

In short, it is time to realize that paternalism is far less workable than in times past. Our government does not have the credibility, the control over information, or the control over our lives to pull it off.

I do understand that is in some significant ways bad news, as voluntary choice is overwhelming some of us with bad outcomes.

My response is to start by accepting some steps backward, holding paternalist tyranny at bay, and hoping some longer-run cultural and technological adjustments will make this all more workable.

If you have a better solution, I would love to hear it.

Recommended.

Wednesday assorted links

1. One hundred greatest bird names of all time.

2. The method for counting 52,019 puffins.

3. Luggage-tag switching scheme involves flights from Canada to countries where drug smuggling can carry death penalty.  Yet a third link from Jodi Ettenberg.

4. Pet Sounds at sixty years.

5. How cowboy culture remade Brazil.

6. Are India’s gdp figures OK after all? (FT)

7. Plans released for a $16 billion mile-long ship capable of carrying 80,000 people.

Richard Feynman’s formula for the best holiday restaurant

According to Feynman’s approach, in this context, people should try a different restaurant each night until they find one that exceeds a particular threshold that reflects a desired quality.

In Feynman’s equations this threshold is not fixed. Instead it declines more and more rapidly as the number of days left in the city reduces. In other words, as the days go by there is increasingly less motivation to hunt for an amazing dining spot, because the time you will have to enjoy it has decreased.

“The thresholds are being guided by the best thing you might be able to find if you kept looking,” said Griffiths. “If you have a long time to look, finding something amazing has a lot of value because you can go back many times.”

Feynman’s approach assumed there is equal possibility of finding any restaurant within a fixed range of quality. However the researchers also explored other scenarios.

“We showed that if the distribution of restaurants varies, then the strategy you should follow will change too,” said Griffiths.

Here is the full story, and here is the PNAS article.  I think of that as a pretty pessimistic approach to the problem.  In most locales you should be able to find lots of very good restaurants, so if you find a quality place early on you do not return to it, rather you keep looking for more, in fact feeling emboldened by your early success.  Maybe this algorithm applies to Cuba?

Via both Adam K. and Mike Doherty.

Sentences to ponder

In 2019, there were about 150,000 people working in autism therapy. Six years later, there were 654,000—more than the number of people who work in mining and logging, or telecommunications, or at the US Postal Service.

That is from Derek Thompson.  And here is the seven-minute nap story from the NYT:

At Compleat Kidz, a fast-growing chain of autism clinics based in North Carolina, the policy is firm: Naps cannot be longer than seven minutes before children are awakened to resume therapy. The company says this is necessary to prevent fraud since clinics can be paid only when children are awake and getting services. But it also allows the clinic to bill insurers or Medicaid for more hours.

I do not even need to say “model this.”

Big if true

Several important questions — such as the possibility of debt-rollover without primary surpluses — turn on whether the present value of the aggregate endowment is finite, i.e., whether the economic growth rate under the “risk-neutral” measure, lies below the risk-free rate. It is tempting to argue that the endowment must be finitely valued, since there exist finitely-valued, non-depreciating assets whose cash flows are cointegrated with aggregate output. This paper shows why this argument is incorrect. A remarkable historical episode in which French government bonds were indexed to aggregate growth allows direct measurement of the risk-adjusted growth rate, which is found to exceed the risk-free rate.

That is from a new NBER working paper by Stavros Panageas.

*The Republic of Love*

The author is Martha C. Nussbaum, and the subtitle is Opera & Political Freedom.  Martha decided she did not wish to do a podcast after all, so since I put some real prep time in I thought I would offer some thoughts on the book directly, in part because it is not receiving substantive reviews elsewhere.  I suspect the number of people qualified to review the book, on the musical and philosophical and historical fronts, is pretty small.

Overall the book is very good, and if you think you might be interested you should buy and read it.  It shows a significant knowledge of opera, in part from Nussbaum’s own efforts as performer and singer.  Some of the operas considered at length include the major Mozart pieces, Verdi’s Don Carlo, Beethoven’s Fidelio, Benjamin Britten (Albert Herring, for one), and John Adams’s Nixon in China.  For Nussbaum, “political freedom” is not exactly that of the classical liberal kind, but for at least eighty percent of the book those differences do not matter.

I do have some objections to her points.  While each seems to be a smaller matter, I fear they reflect a larger reality where Nussbaum subordinates her understanding of the operas to her broader political and social agenda.

She is highly suspicious of Don Giovanni, considering it a “problem opera,” which for her I suppose it is.  She cannot bring herself to admit that fair numbers of women might actually be attracted to the Don, instead suggesting it is their baleful economic plight that leads them into such liasions.  That seems to me a grossly rigid misunderstanding of the work, at variance with centuries of high-level commentary on the piece.  Kierkegaard’s understanding remains ahead of hers, as does that of the ordinary theatergoer.

More generally, she is highly suspicious of romanticism, and she works hard to resist the notion that romanticism was a natural and perhaps even inevitable outgrowth of the classical spirit in music.  Not surprisingly, Tristan is anathema to her — “I think Tristan is a tedious opera and that the view of love in it — all unsatisfied longing and no reciprocity — is adolescent and boring.”  I would agree that virtually all Wagner operas, except perhaps Das Rheingold, are too long and thus have an element of tedium.  Yet that is hardly an accurate understanding of the libretto or the love connection (no reciprocity??).

One would do well to supplement Nussbaum with Wayne Koestenbaum’s The Queen’s Throat.  GPT Pro had a good summary of some of Koestenbaum’s quite contrasting perspectives:

“The operatic voice exceeds ordinary speech: it is too loud, too stylized, too bodily, too artificial, too emotional. That excess makes it politically charged because it disrupts norms of restraint, masculine self-control, realism, and “proper” social identity. Opera gives form to things that respectable culture often requires people—especially queer people—to hide: longing, hysteria, theatricality, shame, glamour, grief, fantasy, and desire……it is a place where identity is unstable, theatrical, mediated, and excessive.  Opera is full of secrecy, codes, hidden meanings, displaced passions, and voices that say indirectly what cannot be said directly.”

By no means are those entirely illiberal tendencies, but they complicate any identifications of opera with liberalism or indeed any other foundational political set of views.  In some fundamental fashion, opera is usually going a bit askew from strictly classical principles.

I take Beethoven to be modestly less liberal than she does, as I am concerned with the repeated sense of “culmination” in his work, and the implied notion of total communal integration as the final good.  It is not Beethoven’s fault that even the Nazis staged Fidelio, but it does point to the poliitically Romantic strand in his music, a strand that Nussbaum pushes off center stage.

Why so little Rossini in this book?  (He gets a brief mention on pp.303-304).  He is arguably the essence of opera, and the carrier of the Mozartean tradition, yet he also was a supporter of the French monarchy and its restoration.  Even Verdi was a conservative and monarchist, which puts his Don Carlo in a slightly different light.  I am reminded of Carl Schmitt’s critique of Romanticism, namely that it could transfer loyalties so readily from revolutionary republicanism to reactionary monarchism.  19th century opera is not altogether innocent of this charge, and a deeper look at the material would have confronted this issue.  Mazzini wrote a whole book on opera and saw it as supportive of nationalism above all else.  A look at the history of Auber’s La Muette de Portici, the performance of which spurred Belgian nationalism and a revolt in 1830, is consistent with this view.

Nussbaum is too concerned with her own classificatory impulses, and insufficiently aware of how much opera itself — most of all the music — keeps on diverting our attention in other directions.

Overall, this is a very thought-provoking book, full of deep knowledge of both opera and philosophy.  If it is afraid to follow down the path of where the music itself — and most of its major purveyors — were leading us, that makes it thought-provoking all the more.

The chimera of universal coverage in a large, diverse country

Our findings suggest that policies intended to subsidize health insurance of higher income groups, for example, the enhanced premium subsidies, are far less efficient than policies intended to further expand public insurance to low-income groups, for example, in non-expansion states.

That is from a new NBER working paper by Anuj Gangopadhyaya & Robert Kaestner.

Monday assorted links

1. Progress Ireland.

2. Some new results on tatonnement?

3. The new Paul McCartney album is his best since the 2004 Chaos and Creation in the Backyard.  Here is a song by song analysis.  For an 83-year-old, it is an astonishing and I think unparalleled achievement.

4. “Our findings suggest that the aggregate value of data is about 1.5% of GDP.

5. Turkmenistan notes.

6. Seminar teaching rich kids how to manage their wealth (WSJ).

UK facts of the day

At the peak, the year to March 2023, almost 1.5m immigrants came. The Office for National Statistics thinks that far fewer people left, so net migration amounted to 944,000.

…Net migration to Britain last year amounted to 171,000—the lowest level since 2012, if the pandemic years are excluded. The human haul will probably be even lower this year, largely because the number of economic migrants continues to fall fast…James Bowes of Warwick University thinks net migration might even turn negative in 2026…

The government’s attempt to filter for highly desirable immigrants is not working in practice. As expected, the number of visas given to care workers has plunged. But the number of visas given to IT professionals has also fallen, from about 28,000 in 2022 to 10,000 last year.

According to The Economist, most Britons still think immigration to the country is rising.  And it seems economically productive immigrants are being restricted too?:

Regardless of whether he or she arrived with a work visa or by other means, the average India-born employee in Britain earns £32,400 a year, whereas the average Nigeria-born employee earns £34,000. British-born people lag behind both, with average earnings of £30,900…

The Migration Observatory, a think-tank, has shown that people who arrive from outside the EU often earn little at first. Yet the wages of recent migrants have quickly exceeded the national average…

One of my fears is that, for informational and public choice reasons, it is unduly hard to crack down on unproductive immigrants only.

The political right continues to gain ground in Latin America

A leftist senator and a rightwing populist outsider who calls himself “The Tiger” will go to a run-off presidential election in Colombia this month after no candidate won outright in the first round of voting on Sunday.

Iván Cepeda, a close ally of outgoing leftist president Gustavo Petro, will face Abelardo de la Espriella, a combative former criminal defence lawyer who won the largest share of the vote on Sunday with 10.3mn votes, a 43.7 per cent share, though he fell short of the 50 per cent plus one required to win outright.

Cepeda came in second with 9.6mn votes, a 40.9 per cent share, with 99.9 per cent of ballots counted on Sunday evening. No other candidate reached 7 per cent of the vote.

Here is more from the FT.   Note the right-wing candidate was not expected to do this well, though at current margins I am not sure why people keep ending up surprised.