China has a fateful choice to make
The Ukraine war, Covid, and the real estate bust herald a crossroads for the world's biggest nation.
More from Noah Smith 🐇🇺🇦
Why has climate economics failed us?
Economists could have helped in the fight against climate change. So far, they haven't.
«The big conceptual mistake here is to assume that whatever economists can easily measure is the sum total of what’s important for the world»
Interview: Vitalik Buterin, creator of Ethereum
In which we talk about the big shifts in crypto.
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Endless Uncertainty
The night before the D-Day invasion, a nervous Franklin Roosevelt asked his wife Eleanor how she felt about not knowing what would happen next. “To be nearly sixty years old and still rebel at…
«The future is always endlessly unpredictable. What changes isn’t the level of uncertainty, but the level of people’s complacency.»
Wealth vs. Getting Wealthier
Will Smith writes in his biography that: Becoming famous is amazing. Being famous is a mixed bag. Losing fame is miserable. The amount of fame almost doesn’t matter. It’s the trajectory that people…
«Will Smith writes in his biography that: Becoming famous is amazing. Being famous is a mixed bag. Losing fame is miserable.»
Money is emotional — but personal finance advice rarely accounts for that
Budgeting tips won’t get you very far if you don’t address the elephant in the room.
Where does the wealth go when asset prices go down?
It vanishes into nothingness.
«The short answer is: It didn’t “go” anywhere. It vanished. It stopped existing. That’s not a natural or intuitive idea — how can wealth just disappear? —»
How to Enjoy Life When Everything is More Expensive
How do you enjoy life when everything is more expensive? You don’t want to spend too much. But living without pleasure is also no good.
«When you look at history, you’ll notice that the platitude is right: History doesn’t repeat, it rhymes.»
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