Status Updates From The Curse of Bigness: How C...

The idea that Congress was concerned with “allocative efficiency” in 1890 or even 1914 or 1950 is an economic version of anthropomorphism. In contrast, it is no great stretch to say that Congress was interested in the preservation of competition. The Congressional record does not contain the words “allocative efficiency,” “consumer welfare,” or “wealth transfer," but ...

chicago school catching innumerable Ls here

“You are a self-indulgent, inadequate person. You sit around and talk a good deal, haven’t any very definite convictions. You’re not spending your life trying to leave the world better for being in it. You like to drink too much.”

Hidden in a footnote. Feels like a callout. Relatable tbh