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Megan McArdle discusses a paper by Daron Acemoglu, James Robinson, and Thierry Verdier.
I'd just add that at least up until recently we were also essentially paying for the defense of those happy, happy Scandanavians.
Amazing. Or maybe not.
Interesting. Especially this bit:
One of the big choices was what they spent money on. A common thread was frugality about cars. Not only did they buy modestly priced vehicles, they kept them for a long time.
The Stratolaunch is . . . something.
Related: "Here's the most expensive weapons system ever and all of its ammunition in one photo".
Last week was the 50th anniversary of the recording of "Like a Rolling Stone".
(And to think it ranks only second in number of times, of his songs, played by Dylan. Guess what's first.)
People with delayed departures from LaGuardia get an unexpected performance.
Link courtesy of Michael Greenspan.
"Only one name was good enough: The Band".
True.
The point of this piece is consistent with one I read a while back: most of the disabilities we commonly associate with old age actually stem from illness. While it's true that illness and aging are positively correlated, the useful message is that if one can avoid illness, the physical and mental toll of aging could well be much less severe than is commonly thought.