Politic, cautious, and meticulous; full of high sentence, but a bit obtuse; at times, indeed, almost ridiculous— almost, at times, the Fool.

Brooklyn
Joined November 2008
TIL that France’s property tax system is even more generationally cursed than Californias Prop 13. (Ontario fwiw has had them frozen for a decade now, something we have to change.) - Property tax valuations/assessments frozen at 1970 values - Revaluations based on renovations have disincentivized improving homes - Capital gains taxes only charged on young people (basically) - Property taxes higher on poorer and younger places Obviously this isn’t as generationally horrifying as the French pension system. But these dynamics are real across the western world, and if we don’t grapple with their unfairness, I’m not sure how we get through the next few decades. We’ve saddled the young with too many bills they cannot afford to pay. theborys.substack.com/p/how-…
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Jeff Bladt retweeted
Crazy that Matt Stoller thinks only 1,500 hours is enough. We need 15,000 hours. If you think we need fewer, you clearly want people to die in plane crashes. Actually, 150,000 hours. 1,500,000 hours. Actually, nobody should be a pilot, you should only asymptotically approach it
Matt Yglesias wants you to die in a plane crash, apparently. nytimes.com/2026/10/16/opini…
Readers added context they thought people might want to know
Yglesias argues US 1500-hr pilot rule (vs Europe ~200) is job protection raising fares, not safety. Europe has comparable safety per IATA. He says he wants no crashes, just to end a pretextual rule. Colgan pilots exceeded 1500 hrs. iata.org/en/pressroom/2… x.com/mattyglesias/s…
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Jeff Bladt retweeted
Tennis shouldn't have second serves. Everyone knows that the server has a massive advantage in tennis; that's why break points are so important. But the main reason servers have an advantage is because we give them two serves! It's stupid! And what do we get in return for giving servers two chances? More downtime, that's what, as we wait between the first fault and the second serve. Sure, aces are kind of cool, but nobody is putting them in the highlight reel over an amazing rally full of amazing shots. More of the latter and less of the former is a worthwhile trade. Volleyball doesn't have second serves. Neither do badminton, table tennis, or pickleball. It's an aberration among the ball-and-net sports that only serves to make the game more predictable.
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And here is that brutal neoliberal austerity which wrecked a generation.
A nice old building burns, and so the pearl-clutching begins. Where were these pearl clutchers when austerity was wrecking a generation? Why does one town hall grab their attention but millions of schools, hospitals, and homes dilapidated by neoliberalism are of no importance?
Readers added context they thought people might want to know
France's level of public social spending was third highest in the world at 30.6% of GDP in 2024. Excluding the pandemic, it is slightly down from its 31.9% high in 2014. Total public spending is 57.2%, second highest among large countries not at war and near all-time highs. ourworldindata.org/grapher/social… ourworldindata.org/grapher/histor…
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The biggest, and stupidest, myth in European politics, particularly popular in France, is that Europe suffers the consequences of "austerity" and "neoliberalism". In the biggest 5 countries in Europe, more than half of the population makes its income from the state, less than half from the private sector. This is what makes the problem of reducing the welfare state so impossible: more than half of the voters are net recipients. No surprise that Italy's budget has not been balanced in 100 years, France's in 50 years (ooh la la, l'austérité!!): -France: 30 million from the state versus 21m private sector workers. State spending is 57% of GDP, taxes more than half the economy. The budget hasn't been balanced in the lifetime of most French (since 1974). - Germany: 35 million adults from the state, versus 34 million from the private sector. 10% of the population is registered as severely disabled. Public spending is over half of GDP. Germany has had a continuous budget deficit since 2019. -Italy: 23 million from the state, versus 20.5 million private-sector workers. Public spending is 51% of GDP. Italy has had a budget deficit every year since 1925, for 100 years. - Spain more people get their income from the state since 2024: 18.21 million from the public sector versus 17.9 million people working in the private sector. Since 2025, Spain also had more government employees than self-employed workers (autónomos) for the first time in history. State spending is at 45%, budget has not been balanced since 2007. - UK: 54% of households now receive more in state benefits than they pay in taxes. State spending is 44.5% of GDP, taxes (40%) are at their highest since 1950, the budget hasn't been balanced since 2001, and 1 in 5 new cars is paid by the government through a bizarre state disability scheme (Motability).
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Jeff Bladt retweeted
Today, Ramp is raising $1.85 billion at a $60 billion valuation - up from $44B back in June. Some insane highlights: 1. We had one major launch every single month this year - like Stack, AR, Router, AI Spend, and Glass 2. We crossed $2B in annualized revenue 3. Over 85,000 companies are on our platform 4. We're quickly expanding to not just more of finance - but to support effective deployment of AI within organization But what I'm most proud of is the level at which the team is executing. It's inspiring to come to work every day. We have less than 30 PMs at Ramp and are looking for a few more, or tag someone great below - come join us ramp.com/careers We're planting the seeds for something much, much bigger - and are only getting started.
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Jeff Bladt retweeted
Peak European diplomat.
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Jeff Bladt retweeted
We still don’t understand how anesthesia works but you can be damn sure I want it when it comes to surgery.
This is a slide from Terence Tao's 'Math 2.0' public lecture yesterday evening at Caltech. I am highly confident that, if the cure actually worked, almost any Stage 4 cancer patient would tell you that human comprehension of its mechanism is completely irrelevant to them.
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In 2025, the two biggest GLP-1 drugs generated ~2x the combined revenue of OpenAI and Anthropic.
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11% of U.S. adults now take a GLP-1 for weight loss, roughly 28 million people, up from just 3% in 2024, per Gallup.
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Jeff Bladt retweeted
Anne Carson's not my favorite poet, but it's wild to see all the Greek-Statued "defenders" of Western Civ mock a scholar of Ancient Greek literature trained by Sir Kenneth Dover. Carson also attends weekly mass & complains that the service isn't in Latin. Traddest woman alive.
Replying to @jarvis_best
Beautiful interview in Paris Review in 2004 that touches briefly on that one poem you philistines are mocking today theparisreview.org/interview…
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Congestion pricing in NYC is the perfect case study of what’s wrong with NEPA. This is the 4,007-page environmental assessment that took 3 years to produce even though the state legislature approved congestion pricing in 2019. Thread (1/13)
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Can you deliver a pizza from NYC to New Jersey by kayak? Not without violating a century-old federal shipping law. Follow the Cato Institute’s @scottlincicome as he tries to get his pizza across the Hudson River and explains why the Jones Act makes no sense today.
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Jeff Bladt retweeted
Since 1830, technology has cut the American workweek from 69 hours to 38 while raising real income per person roughly 20-fold. Properly managed, A.I. can do the same. My @nytopinion Chart: nytimes.com/2026/10/02/opini…
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This is just incredible. I love it. Via @caseymlewis:
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Impossible to predict
The French government recently decreed that university cafeterias would have to charge only 1€/meal and, in a shocking turn of events, now students are being turned back after waiting in line because of shortages.
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The new Census data are here: census.gov/library/publicati… This one is probably my favorite:
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CBO just released its latest "Distribution of Household Income" report (for year 2023), and the findings are - as usual - a narrative violation. Real incomes up across the board. Income inequality basically flat for decades. Taxes falling for everyone except the rich.
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Jeff Bladt retweeted
7 Players with 40+ HR this season: Pete Crow-Armstrong: 40 SB Other 6 combined: 19 SB 5 Players with 40+ SB this season. Pete Crow-Armstrong: 45 HR Other 4 combined: 38 HR
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1/ PISA 2025 says advantaged students fell more than disadvantaged ones. Today we publish a paper explaining t's a measurement change. Measure students the same way in both years and the top-quartile drop in maths goes from −14 to −6 points. 🧵
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