Bad Economic Takes
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Bad Economic Takes
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“Ignorance is life fucking threatening.” | In trust funds we trust.











On August 24, 2014, James Beach, a six-foot-one businessman from Denver, was returning from Moscow when he deployed the Knee Defender—“a $22 gadget,” the Associated Press reported, “that attaches to a passenger’s tray table and prevents the person in front from reclining.” The woman in front of him, unable to lean back, flagged a flight attendant. From there, events spiralled. Beach removed the Knee Defender, but then became upset when the woman reclined forcefully, risking damage to his computer. He confronted her, pushed her seat forward, and tried to reinstall his device, at which point, he said, she turned around and threw her soda at him. The plane was diverted to Chicago, where it was met by police, and news coverage of the event led to conversations about reclining one’s airplane seat. “The bottom line is that reclining is a social act in an environment of social stress. It involves deciding whether to inflict your will on someone else, and enduring or resisting the effects of someone else’s decision,” Joshua Rothman writes. Read more about the ethics of reclining your seat: newyorkermag.visitlink.me/9zPAOe




When Bill Gates was 23, he had bootstrapped Microsoft with zero VC funding, and was generating $7M of ARR in 2026 dollars Meanwhile, his daughter is lying about KPIs after raising a $35M Series A from a list of investors that looked like a Coachella billboard Incredible stuff





Just 3 Black students admitted to NYC's elite Stuyvesant High School, data shows gothamist.com/news/just-3-bl…
















Serious question: If today we banned every single male athlete in the U.S. from playing any sport beside soccer. How long would it take us to win a World Cup? 4 years? 8 might be generous.









