2 claims in “economics, education”
The opportunity cost for smart people who would have been tutors in the late 19th century is now higher because they can make money in Silicon Valley or Wall Street, which might explain why finding good tutors is harder now than in the past.
Preston Pysh expresses frustration with academic economists (like 'Nobel laureates' and 'Professor Fax Machine' who argue 'debt is money we owe ourselves') who have lost connection with real markets and will experience a 'shell shock' when forced to exchange digital fiat units for actual energy-intensive goods.