Josh Vizer @jvizer

Taking a byte out of the big apple, Blockchain enthusiast. https://t.co/mf76UML0G0 New York City Joined May 2008

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Josh Vizer @jvizer

5 days ago

Happy 250th America! Greatest Country on Earth.

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Alex @ajak1033

a month ago

The Spurs know how to TAKE the lead, they just don't know how to HOLD the lead. And that's really the most important part of the lead: the holding

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Josh Vizer @jvizer

4 months ago

SF should be as big as Tokyo, instead it's tiny in terms of population

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Another bad law, the 2008 Climate Change Act in the UK. It resulted in industrial work outsourced to China and imported back to the UK, with much higher global carbon pollution + UK lost hundreds of thousands of jobs + more expensive energy.

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Josh Vizer @jvizer

4 months ago

So many laws with good intentions but horrendous outcomes. Example: Massachusetts 2024 Climate Act includes a grant program for lawyers for disaffected communities. Result: Multiple lawsuits preventing solar and wind power installations in Massachusetts.

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Mohit Hajarnis @HajarnisMohit

5 months ago

One of the often slept-upon benefits of attending the University of Chicago is that they make you read Marx as part of the core curriculum, which is why this article gave me flashbacks of taking SOSC 114 as a freshman. Marx, writing during the Industrial Revolution, predicted capitalism would periodically devour itself: firms replace labor with machinery to boost profits, but competition diffuses the technology, drives prices to marginal cost, and the gains get competed away. Meanwhile, displaced workers lose purchasing power, hollowing out the demand the whole system depends on. Production rises but no one can afford to buy what's produced - the contradiction between production and realization. Citrini's piece describes this exact dynamic, then declares there's "no natural brake." It's the most Marxist piece of financial analysis written in years, and makes the same errors Marx did. Schumpeter offered the obvious rebuttal 80 years ago: creative destruction doesn't just destroy, it creates industries we can't yet conceive of. Everyone in the replies is already making this point, and I think they're right. But the sharper rebuttal is Hayek's: prices are the brake Citrini says doesn't exist. Who funds $200bn / qtr in AI capex when equities are down 38%, private credit marks are in the 50s, and consumer demand has collapsed? Cost of capital rises. Incremental build-out becomes uneconomical. Capital gets destroyed and reallocated. Citrini also unknowingly describes Marx's proletarianization of the petite bourgeoisie: the $180k PM driving Uber is textbook. But the article claims this collapses consumer demand, and that's where it breaks. The top decile drives 50%+ of spending and their wealth is in equities, not W-2 income; they're long the hyperscalers posting records in Citrini's own model. Blue collar is insulated because AI replaces cognitive labor, not physical. The professional middle class gets crushed, but aggregate demand doesn't. The spending class IS the capital-owning class. The K-shaped recovery they fear actually stabilizes the demand base they say is collapsing. In the stable aggregate demand, the petit bourgeoisie finds ways to reinvent itself. I think the Citrini piece is excellent and worth reading. But history has repeatedly shown that periods of transformative productivity gains ultimately accrue to the consumer through lower prices, more leisure, and higher quality of life. Marx's error wasn't diagnosing the disruption, it was underestimating the system's ability to adapt.

Citrini @citrini

5 months ago

I spent 100 hours over the past week researching, writing and editing the piece we just put out. It’s a scenario, not a prediction like most of our work. But it was rigorously constructed, dismissing it outright requires the kind of intellectual laziness that tends to get

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Josh Vizer @jvizer

6 months ago

@the_transit_guy I'm a little encouraged that he is basically repudiating most dumb socialist ideas he had during the campaign.

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Josh Vizer @jvizer

8 months ago

@ericedwardthor In 2020 and 2021 literally hundreds of thousands of people fled NY for the suburbs and FL. This is a basic supply and demand story. NY makes land/building incredibly expensive and impossible for landlords to make upgrades to empty rent stabilized apartments (HSTPA is a killer)

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Brett Winton @wintonARK

8 months ago

What amazing fortune To be 1 of the 100 billion homo sapiens sapiens that have ever lived And to be alive at this the moment of the great inflection Not to be 1 of 50 billion that died of mosquito borne disease Nor to be 1 of 30 billion that died before age 5 Nor 1 of 10 billion killed in an act of violence Instead to witness this ahistorical moment, to contribute in whatever small way in our outward expansion and proliferation, To stand on the cusp of history: What amazing great good fortune

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Bobby Fijan @bobbyfijan

8 months ago

Look at the decline in population for young children (under age 5) in major cities from 2005 to 2024 This is catastrophic Austin +98% Orlando +89% Raleigh +87% Charlotte +81% Dallas +81% Chicago -31% Boston -33% New York - 34% LA -36% San Francisco -38%

Jason Scharf @Jason_A_Scharf

8 months ago

They left off Austin 🤔 2005 the metro was 1.2M & by end of 2024 it’s 2.5M. The +1.3M jump puts us 6th in absolute growth, & the 104% increase would rank 1st in percentage growth by 10+ points. Stop sleeping on the frontier city.

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Josh Vizer @jvizer

8 months ago

@PabloTorre Except that socialism makes all those problems far, far worse. Example A: San Francisco under Dean Preston and London Breed tens of thousands of middle class fled because of policies that only the super rich could afford. Socialism has a zero percent success rate.

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Josh Vizer @jvizer

10 months ago

@JerryNadler @ZohranKMamdani Resign now, don't wait until the end of your term.

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Josh Vizer @jvizer

11 months ago

@nic_carter Check out rents in Austin, the obvious answer is deregulation and more supply. This isn't even a right wing solution, it's just a middle of the road solution that Econ 101 students understand.

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Open New York @OpenNYForAll

a year ago

“I don’t care how much you love working people. They can’t afford a house because all the rules in your state make it prohibitive to build. And zoning prevents multifamily structures because of NIMBY."

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Josh Vizer @jvizer

a year ago

@thestustustudio @UChicago @UChicago Why do I donate money to you, my alma mater, to improve the school when the person receiving the funds wants to destroy the school?

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Josh Barro @jbarro

a year ago

It’s morning in New York again. Re-elect the mayor!

Jessica S. Tisch @NYPDPC

a year ago

ZERO shootings or murders in New York City on July 4th. The last time in recorded history that happened was…never…

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Open New York @OpenNYForAll

a year ago

Governor Gavin Newsom @CAgovernor

a year ago

I just enacted the most game-changing housing reforms in recent California history. We're urgently embracing an abundance agenda by tearing down the barriers that have delayed new affordable housing and infrastructure for decades. Let’s get building, California.

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Open New York @OpenNYForAll

a year ago

It hurts to see someone else living your dream

M. Nolan Gray 🥑 @mnolangray

a year ago

The impossible has become possible: we've passed a clean CEQA infill exemption. This is probably the most important thing California has done on housing in the present YIMBY moment.