South Korea spent approximately $2 billion in stimulus to encourage procreation, but it failed to meaningfully raise the birth rate, with housing costs cited as a more fundamental barrier.
Snapshot · Modern Wisdom
South Korea spent approximately $2 billion in stimulus to encourage procreation, but it failed to meaningfully raise the birth rate, with housing costs cited as a more fundamental barrier.
Where this was said
At 0:56 · chapter starts 0:00
The episode opens with Chris Williamson flagging South Korea's presidential proposal to fund 'looksmaxxing' via national insurance as a natalist strategy. Tim Ferriss, who has spent time in South Korea, is sceptical — pointing instead to crushing housing costs, where a security deposit can equal twelve months' rent, as the real fertility killer. Tim Urban notes that role models who contractually forswear relationships send powerful anti-family signals, while George Mack recalls the Georgian priest who baptised third children nationwide and meaningfully lifted birth rates. The conversation spirals hilariously into the territory of billionaires as modern Genghis Khans, the Dutch sperm donor who hit 1,000 children by crossing jurisdictions, and the eugenics-adjacent question of whether you really want random gene pools flooding the world — or Formula 1 drivers.
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Estonia has a single tax form, a law preventing the government from asking citizens for the same information twice, and a flat rate of tax — enabling competitive taxation.
Portugal's Lisbon, once a city with a major heroin problem, legalised drugs and redirected enforcement spending into rehabilitation and housing, dramatically reducing crime.
The first Boland Amendment banning CIA and Defense Department funds for the Contras passed the House unanimously — yet the Reagan administration ignored it.
Over just two years, Saudi Arabia alone donated $32 million to the Contra rebels, giving loosely affiliated factions millions they had no way to spend on arms.
The National Endowment for the Preservation of Liberty raised $6.3 million for the Contras but only $3.3 million reached them — a shockingly low 52% program expense rate.
Richard Secord and Albert Hakim marked up their arms shipments to the Contras by as much as 300%, making enormous personal profits from the covert operation.
Lieutenant Colonel Oliver North, tapped to run the entire covert Contra support operation, had no prior experience in covert operations whatsoever — he was learning as he went.
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