Excellent read, with lots of far-flung examples.
Excellent, clear explanation. I rather liked this bit:
One strange feature of American ~popular economic discourse~ is that the rarified troubles of the very rich often get discussed as if they were “normal”, but: they are extremely not normal.
The million-dollars-in-cash-havers can fend for themselves.
Because it is so true.
Fascinating.
TIL Zibaldone, which I might just have to make my own.
Can't enough of this kind of thing.
[M]any experts consider the pallet to be the most important materials-handling innovation of the twentieth century. Studies have estimated that pallets consume 12 to 15 percent of all lumber produced in the US, more than any other industry except home construction.
Ultimately, the long-term necessity to cycle rather than mine P could be a key factor propelling humanity back to a predominantly rural, distributed and agrarian human geography.
Is anybody listening?