Rohan Pitchford
@PitchfordRohan
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A professor of economics, views own. Anti-scarcity-denialism.
Canberra
Joined March 2020
Why add a useless regulation that costs $500 or so? And create an industry of grift, which is economically costly because they are being paid to lie, not do useful stuff? Adding another regulation to hundreds is not minor when we need to increase supply for younger generations.
Every time this guy opens his mouth it’s fatuous. This is a great idea and should have been law for ages. Less than a a 10th of one percent on a $650,000 property. Give me a break.
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This perfectly highlights the value of an education in economics relative to physics alone
This is a 1000-gram iron bar. In its raw form, it’s worth around $100. If it’s turned into horseshoes, its value rises to about $250. If it’s made into sewing needles, its value jumps to roughly $70,000. If it’s crafted into watch springs and gears, it can be worth around $6
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Academic scientists historically accepted lower salaries because the job offered intellectual freedom and institutional protection to pursue a passion for creating and disseminating knowledge. It was treated as a calling - closer to a priesthood or a federal judgeship than a
There are many great AI researchers at universities, but they pay a VERY steep price to be able to stay in academia and publish openly: “The top 1% of publishing industry scientists now earn $1.5 million more annually than comparable academics, a fivefold increase since 2001”
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The NDIS is buckling. And it's only getting harder to fix 'Programs designed to expand access to care – including Better Access and the NDIS – have unintentionally created a system that treats ordinary distress as pathology, encourages diagnostic expansion and rewards long-term
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@MarkManger A few years ago, I wrote a paper on electoral dynamics and had to read through a chunk of the political science and sociology literature on voting behavior. I was genuinely shocked at how many of the papers simply assumed that voters who chose the "wrong" candidate were doing
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There’s no reason why sellers could not voluntarily decide to provide inspection reports. To the extent they do not, this reflects the unreliability of such information.
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Buyers will just shop for a sympathetic inspection, A close to worthless regulation that will add to the sale price.
If you're selling a home, you should have to provide a building inspection report - instead of every interested buyer paying for their own. We're changing the rules to require exactly that.
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The capital gains tax myth behind Australia’s housing crisis 'A new research paper published today by the Centre for Independent Studies suggests proposals to reduce the 50 per cent capital gains tax discount would put at risk investment in housing, driving up rents while having
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The @smh's campaign against "luxury penthouses" is illogical and counter-productive. If you don't allow expensive housing for the wealthy they instead outbid middle income residents for lower-rung housing, who then outbid lower incomes. Everyone loses.1/2 https://t.co/XeALTrnVUf
smh.com.au
Fancy a lavish apartment with its own rooftop pool in Sydney’s eastern suburbs? The existing block of flats will need to be bulldozed first.
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We never hear about how much wealthier the current young are than current retirees were at their age. Nor how wealthy they will be due to economic growth when the current young retire. This is a distraction from the main problem of the need for much greater housing supply.
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"It might be “cool” or “innovative” to teach students to summarize readings w/ ChatGPT or write essays with Claude. But we may be doing them a disservice: reducing their ability to retain material, think creatively, & reason from what they know. If you only read what AI has
I just gave a closed-book, pen-and-paper midterm exam in my 300-level course at UBC with 100 students. All exams were graded by an experienced graduate-level TA according to a rubric. *** The average was 64/100.*** My class averages at UBC are usually 80-85. Context: • This
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This was written by AI. My advice is to get your AI agent to read it and move on to useful things.
We are sending our kids to school to memorize facts that AI can retrieve in 0.3 seconds. We're grading them on essays that AI writes better than their teachers. We're preparing them for jobs that won't exist by the time they graduate. The entire education system is training
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I'm all for teaching creativity (somehow) but this strikes me as falling into the same trap as failed trends in education which ignore that actual learning requires some repetition and memorization to reduce cognitive load of simpler tasks and move to the next level
We are sending our kids to school to memorize facts that AI can retrieve in 0.3 seconds. We're grading them on essays that AI writes better than their teachers. We're preparing them for jobs that won't exist by the time they graduate. The entire education system is training
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When governments are in power far too long they forget that the money they spend isn’t theirs. This is what’s happening in Canberra. If we keep voting them in and expect better, that’s on us.
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If you think there aren't education academics saying foundational math isn't important, think again. This professor of education at SFU was willing to go on the record in the Vancouver Sun. Quote below👇 https://t.co/PbodxEJF1d
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@joshgans @DAcemogluMIT @davidautor It is my biggest gripe with all the industrial policy stuff. It is oh intervention is great. . as long as I am the one dictating it. But that ignores completely the political economy of intervention. I find it stunning that people who are sophisticated about power don't see that
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