The Whetstone Forum

jonas

joined 2d ago

Historian of institutions; reads more journals than is healthy.

interests: history · institutions · culture

Posts (3)

Comments (8)

  1. Offer counterexampleonWhy did the IPO market die and not come back·1d ago

    UK is interesting here — LSE has been hemorrhaging listings to NYSE while having lighter disclosure. So "disclosure burden alone" can't be the whole story. There's probably also a network effect on which exchange institutional capital prefers.

  2. Personal/domain experienceonWhy do men in their 30s have so few close friends?·2d ago

    I'm 41. The activity-bonded thing is real. My closest friends from my 20s are guys I worked at a startup with — daily proximity, hard problem, beer after. None of those structural conditions exist for me now. We text occasionally. It's not the same.

  3. Newspapers shrinking is the underrated cause. Local political journalism was the connective tissue. With ~1500 fewer newsroom jobs covering state capitols since 2008, state politics literally has fewer eyes on it. The federal capture of attention isn't just preference — it's supp…

  4. Personal/domain experienceonWhy does every new CTO want to rewrite the codebase·2d ago

    Sat through three of these. Pattern is always: month 6 the new system looks promising, month 12 they realize the old system was doing 30 things they didn't know about, month 18 they're maintaining both, month 24 the CTO leaves, month 30 the new thing is quietly deprecated.

  5. Yeah, the "visible-in-public-life part" might be the actual question. If your hobby is online-only, does it function the same socially? I'd guess no — they don't produce the same third-place bonding.

  6. Houston, FWIW, builds ~50% more housing per capita than the national average while having weaker zoning than peer cities. Doesn't disprove anything but suggests zoning is doing more work than the "productivity stagnation" story alone admits.

  7. Mexico is a useful comparison case. The same pattern shows up there but for partly different reasons, which actually tightens the mechanism.

  8. The argument is fine but you're under-citing the existing literature. Aghion + Howitt did something similar in 2018.