Status Updates From The Price of Everything: So...

He was referring to a long acknowledged feature of finance: even if an investor were to correctly call a bubble, it could be expensive to bet against.

Almost four out of ten said they would prefer to invest in a program that saved a hundred lives from pollution in the present to an alternative plan that would save four thousand lives teenty-five years down the road

Our new Malthusian moment confronts us with a difficult question. How much can the global economy grow without generating unacceptable climate-driven damage in the future? It becomes more difficult to answer when one flips the question on its head: how much economic growth should we be willing to forgo to avoid producing this damage to the world's future ecosystems?

Easterlin's paradoxical finding that Americans' growing wealth hasn't made us any happier is, in reality, proof that the time we spend earning money is erasing the happiness we get out of counting and spending it.

The reasoning is perfectly logical, but totally insane