What happens when a horizontally wealthy person goes from $30,000 a year to $3 million?
Nothing, really.
Never looked at world like this until this week and now I see it everywhere.
The big question is, why are some people more vertical and others more horizontal?
Vélotafeurs et cyclistes n’ont pas le même risque : en 2025, l’ONISR recense 141 cyclistes tués hors agglomération, contre 93 en ville.
Source: Les vélotafeurs ne sont pas des cyclistes, et tant mieux
This confirms something that we’ve always known. Cycling on a town bike to work is not the same as getting dressed in lycra and training on a bike. They need to be treated as different.
Diversity of backgrounds and ideas. Nothing is more important on the cutting edge.
Using the historical settlement of migrants as a source of exogenous variation in local ancestry, we show that U.S. counties more exposed to knowledge from a given foreign country absorb substantially more technologies from that country and, in turn, invent significantly more U.S. technologies building on them.
The Causal Effect of Foreign Ideas on U.S. Innovation – Marginal REVOLUTION
https://kottke.org/26/11/stunning-image-of-our-satellite-choked-night-skies
70 years ago there was none. 50 years ago there were about 400 satellites. Today 20,290!!!
https://keeptrack.space/live-count/how-many-satellites-are-in-space
