Can we end aging by 2029? h+ (hat tip reader David C). I don’t think I can wait that long…I most certainly do not want to live forever (competition for resources will get nasty before you factor in possible developments like this), but physical decay sucks.
Ancient site reveals signs of mass cannibalism BBC. Speaking of competition for resources….
No Escape From TARP for U.S. Banks Choking on Real Estate Loans Bloomberg
Kashkari’s move to Pimco is fuel for critics Financial Times Duh! and Where else could Kashkari have gone? Felix Salmon
City in uproar at plan for bonus ‘supertax’ Independent
Why Do So Many People Hate Health Care Reform? Megan McArdle
When It Comes to the Economy, NPR Doesn’t Know Which Way Is Up Dean Baker
Bolstering My Negative Outlook Michael Panzner
Shock: American Bankers Association Comes Out Against Bank Reform Huffington Post
Exchange Rate Policies Menzie Chinn, Econbrowser
False dawn for Christmas spending spree hopes Times Online
The Next Bubble: The Looming Crisis in Books About the Financial Crisis Paul Kedrosky
Buying and selling castles in the sand John Dizard, Financial Times
We Didn’t Start the Fire Epicurean Dealmaker
Markets Completely Ignored Brazil’s Sudden Iron Export Slow-Down Clusterstock
Bailout Refund Is All About Pay, Pay, Pay Andrew Ross Sorkin, New York Times. This is why we will have pay reform in the end…but only after the next financial crisis. Chris Whalen said it is premature for BofA to be paying the TARP back, but no responsible adults seem to care. The governor of the Bank of England, who is not an elected official, has been talking up the need to fix pay aggressively, and all we get here is some hyperventilating about bonuses, but no serious ideas.
Antidote du jour (hat tip reader Max):
DownSouth 
dearieme 
wunsacon 
Careful Whatuwish IV 
EmilianoZ 
BuzzP 
Hrm 
aet 
Robert Dudek 
eric anderson 
Keenan 
MyLessThanPrimeBeef 
CrocodileChuck 
Posts
Speaking of competing for resources, if for me to making a buck, someone else will make two bucks, then I would rather see the whole thing not occur, as my relative claim on the overall total available resources just declines a little bit.
But, surely someone will step into and make the buck you could have earned, right?
Well, here is where the Reverse Paradox of Saving comes in. The Paradox of Saving is where what is good for one individual to do is bad if the whole group does it. The Reverse Paradox of Saving is where what is bad for one individual to do is good if the whole group does.
So, if everyone refuses to make one buck if that will enable another person to make two bucks, then it doesn’t happen, and no one makes anything at all, i.e. everyone makes zero. Relatively speaking, your claim on the resrouces of the planet does not diminish.