Miracles in Oz

This commentary suggests that the Aussie economic resilience is attributable (in part) to strong population growth.

Very interesting. If there’s one thing that Scott Sumner (gets the h/t here, too) has taught me, it is that we focus too much on real per capita figures too much. Sure they’re the best measure of progress, but that means they’re great yardsticks for output from the economy; it doesn’t suggest that they’re very good as inputs from the feedback loop.

Inputs are nominal.

“If Charlie Manson is your dad, are you supposed to love him?”

The answer?

“I feel empathy for him,” Roberts muses. “And that’s very similar to love, in my world. But I don’t necessarily need him to love me. I just accept it. It wasn’t like I was loved and then my parents took their love away from me. When I came to know them, they were unlovable.”

Weird stuff. Especially all the similar mannerisms (no, not killing and crazy stuff) manifesting before he even knew. If it’s true.