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Cake day: July 1st, 2025

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  • Yeah but in the early 1980s, high interest rates were manageable because the median home price ($70,000) was only about two to three times the median household income ($22,000). Today the median home price is past $400,000 while median incomes are around $80,000, about five to seven times annual income. The high interest rate was painful, but it applied to a much smaller loan balance.






  • Well if there wasn’t a subsidy then it would probably be easier to have some long haul trucks switch to hydrogen or lithium ion or come up with something new. We could even subsidize those instead. I would probably do it over time, though, shrinking the subsidy a little bit every year. Eventually we would want some sort of environmental cost being factored in. With these changing slowly over time, it would incentivize new long haul trucks being alternative fuel while also not straight up destroying all current trucking infrastructure and fleets.