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Michael Munger 🏖️🔪👨‍🍳

@mungowitz

Prof @ Duke U
Podcast: "The Answer is TC!"
taitc.buzzsprout.com
Suffering with STL Cards
Retweets mean...nothing
If you disagree, I'm probably wrong
Raleigh, NC michaelmunger.com Joined November 2008
1.2K Following 14K Followers 4.1K Posts

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Michael Munger 🏖️🔪👨‍🍳 @mungowitz
Do you know someone who is always late?

Are YOU always late?

The economics of the thing are pretty simple. The answer is: Transaction Costs!

buzzsprout.com/2186249/episod…

It's the new TAITC!
www.buzzsprout.com You are NOT "Sorry I'm Late"!! - The Answer Is Transaction Costs We tell a story about German academic quarter hours-- akademische Viertel--  and use it to argue that lateness is an economics problem of coordination, incentives, and transaction costs, not just...
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Michael Munger 🏖️🔪👨‍🍳 @mungowitz
The sleight of hand involved in taking envy, a sin, and dressing it up in silken robes and calling it "Social Justice," is very impressive.

What YOU have does not affect what I have. If you getting more makes me mad, that's just envy.

I hope EVERYONE has more than I have!
Megan McArdle Verified account @asymmetricinfo Jul 7
I am starting to think that people really liked income compression, as a good independent of absolute consumption, and that this is why people are confused about the evolution of the middle class. It's not that they have less, it's that they see other people getting way more.
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3 replies 8 reposts 70 likes 4.3K views View on X
Michael Munger 🏖️🔪👨‍🍳 @mungowitz
Annual appreciation of a home: 3%-3.5%
Median property tax rate: 1.2%-1.5%
Monthly rent payments on paid off home: $0.00/mo
Monthly rent payments on rental: $2,000/mo
Monthly maintenance costs: $600/mo

You are making 1.5% or more, net. AND YOU ARE NOT PAYING RENT.
Bella Verified account @BellaBaddie__ Jul 6
Can someone explain, like I’m 10, why buying a house is worth it if you still have to pay property taxes after the mortgage is paid off?
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6 replies 1 reposts 40 likes 3.9K views View on X
Michael Munger 🏖️🔪👨‍🍳 @mungowitz
And you actually know, so I'll shut up!
Sam Staley, author Verified account @samrstaley Jul 7
@mungowitz After more than a decade of teaching social entrepreneurship, I am convinced "entrepreneurship" is an attitude combined with behavior rooted in searching and persistence, all of which is directed toward creating (and then monetizing) value.
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