And combined with this excellent piece by @michellegoldberg.bsky.social, it really underscores how much dealing with life's vagaries amounts to a tax on time and human capital that only economic and cultural elites can afford to pay.

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I think this explains in the language of econ what @tressiemcphd.bsky.social has been arguing in the language of sociology, but which many people deny because it doesn't show up in the charts. People grasp how vulnerable they are to life's vagaries, even if the lexicon they use is affordability.

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niall ferguson is also one of the cofounders and trustees of bari weiss' university of austin

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Ohio Democrat Amy Acton’s estranged mother appeared in a new attack ad, calling her gubernatorial candidate daughter a liar. Court documents show Acton’s stepfather was arrested for raping her as a child, and her biological mom lost custody. ohiocapitaljournal.com/2026/10/20/d...

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Every corporate job shuts down a fired person's access to computer systems before they leave the building. WTF.

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