The Internet is a City
Cities are hubs of progress — before cities, when everyone was a hunter of a gatherer, information was shared slowly. Most people did most things. As people moved into bigger… Read more »
Author Archives: Jack
Book Highlights: Capitalism, Socialism, and Democracy, Schumpeter, (Part 2.1: Can Capitalism Survive?)
Analysis, whether economic or other, never yields more than a statement about the tendencies present in an observable pattern. And these never tell us what will happen to the pattern… Read more »
Sport vs. Game
Some of the most fun things in the world are those that can be debated. Is Nascar a sport? If not, what defines a sport? My preferred definition of a… Read more »
Advisor EQ vs IQ
The man, myth, and legend, Carl Richards, recently tweeted: Please believe me…being a financial advisor IS NOT about spreadsheets and calculators. It is about emotional intelligence… — Carl Richards (@behaviorgap)… Read more »
Somebody Asked Oxfam Questions
And Oxfam (which sounds like what millennial gym-friends might call each other) answered. They did not disappoint. That is to say, came off sounding one-toned and ignorant of their obvious disconnect… Read more »
Giving the People What They Want
When it comes to stock markets, big firms like Goldman know better than anybody to give the people what they want to see. Witness, this slide: It’s not crazy, it’s… Read more »
You Have a Higher Net Worth Than the Bottom 37%
The very interesting-sounding statistic that launched a thousand retweets is once again making the rounds because oxfam is milking it yet again has updated their annual report. That’s right, it’s… Read more »
We Already Have UBI
Edit: This podcast from Econtalk on the same subject came out a day after this post (coincidence? I think not) and was a worthy listen. Universal Basic Income (UBI) is… Read more »
Jack’s Links
Brazil’s Austerity Experiment: Scott Sumner walks us through some of the problems with ascribing any of the future economic success/failure of Brazil to the coming austerity. Very useful to learn… Read more »
F#$% the Home-mortgage Interest Deduction
H/t to David Henderson for his link to this WSJ post from Hugh Hewitt on why, though he admits it is bad in theory, he thinks in practice eliminating the… Read more »