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Yvain comments on Efficient Charity: Do Unto Others... - Less Wrong
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That sort of terrifies me, but in a good way.
At the risk of tooting my own horn, this essay only incidentally addresses opportunity costs, but I wrote another essay a few years ago in a different style that addresses them more directly: A Modest Proposal
I wrote a post with your Modest Proposal as a jumping-off point.
Thanks for the link, and I agree with pretty much all of what you said.