28 April 2018

An Argument for Embracing False Positives In Government Policy

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In analysis, you have two kinds of errors: false positives and false negatives. [This blog post was inspired by Phil Rosenzweig's piece ...
26 April 2018

Macron May Have Just Emerged as the New Leader of the West

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Given that Trump has retreated into fear and nationalism, Macron may emerge as the new leader of the West. In April of 2016, Macron founde...
22 April 2018

You'll Always Be an Idiot at Most Things

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Jeff Bezos is the world's richest guy, worth $112 billion at age 54. In his annual letter as CEO of Amazon, he shared some advice abo...
17 April 2018

James Joyce, Schrodinger, Multiverses and Virtual Reality

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In 1939, James Joyce of Dublin released Finnegan's Wake , a stream of consciousness novel that suggested that each mind was it's o...
23 March 2018

How Real Estate Has Made Trump's Economic Policies so Dangerous

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Probably the most insidious way that real estate has shaped  T rump's  mind is that it has given him a zero-sum worldview. An acre ...
14 March 2018

The Libertarian Philosophy - A Truth (often ignored) and a Misconception (largely embraced)

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Libertarians advocate one thing that seems to me obviously right (but is often resisted) and another obviously wrong (but nonetheless wins t...
08 March 2018

Open vs. Closed Economy

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The San Diego Union Tribune was gracious enough to let me make an argument for an open economy here: http://www.sandiegouniontribune.com/op...
07 March 2018

In Defense of Thomas Jefferson

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Thomas Jefferson was brilliant and visionary, a man who did as much as anyone to institutionalize the potential of the Enlightenment. Withou...

How Apps, Entrepreneurship and a Steady Boom Have Brought Unemployment Claims to an All-Time Low

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The Facts The 4-week moving average of initial unemployment claims is at an all-time low. In raw numbers, it was actually lower in 1969...
28 February 2018

The Terribly Boring Headline That Won't Generate Any Outrage or Clicks: Income Mobility in the US is Not So Bad

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The economist Raj Chetty of Stanford was in San Diego 27 February talking about income mobility. He's exploring a really important topic...
18 February 2018

A Failure of Empathy and the Preposterous Notion of 197 Shootings in Legislatures in the First 18 Years of This Century

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"We all are born with a certain package. We are who we are: where we were born, who we were born as, how we were raised. We're k...
16 February 2018

The Switch That Triggered the Rise of the West (Can Also Be Switched Off)

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"I am not an advocate for frequent changes in laws and constitutions, but laws and institutions must go hand in hand with the progres...
06 February 2018

Shout it - Yellen was Flawless at the Fed (Hopefully It Won't Be Another Century Before Another Woman is Fed Chair)

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This Monday was our first day with Janet Yellen as Fed Chair in four years. The market marked her departure with the biggest ever one day dr...