Charles (all). 100 to 110 is smart enough to work. It is not smart enough to determine policy. The ‘commentariat’ external to the market (academy, state, media) is parasitic, largely midwit, parasitic on producers, and unfit to, and disincentivized to determine policy.
Source date (UTC): 2020-12-03 18:09:05 UTC
Original post: https://twitter.com/i/web/status/1334560301900034048
Reply addressees: @charlesmurray
Replying to: https://twitter.com/i/web/status/1334194412402991106
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