The Death of Graduate School?

Is Congress to blame for the “death of graduate school” or is it universities’ failure to heed price signals?
Read →

How Will You Spend Your Energy?

On life and the decision to pursue entrepreneurship
Read →

Technological Acceleration and the Wet Noodle of Monetary Policy

The American boy of 1854 stood nearer the year 1 than to the year 1900. The education he had received bore little relation to the education he needed.  Speaking as an American of 1900, he had as yet no education at all.  He knew not even where or how to begin.1 If science were to […]

Henry Kissinger’s World Order and the Question of Universal Values

On the tension among “universal” values, world order, and U.S. power
Read →

Thoughts on James Fallows’s “Chickenhawk Nation”

In a Chickenhawk nation, policy still matters (featuring a case study on Somalia)
Read →

Favorite Books of 2014

Following the smashing success1 of last year’s post on my favorite books from 2013, I thought I’d aim for a repeat and perhaps inspire some gift ideas for the holidays. Here are 11 standouts that I remember from this year. Behind the Beautiful Forevers: Life, Death, and Hope in a Mumbai Undercity | Katherine Boo […]

QE & Inequality

Why Quantitative Easing increased inequality, and we knew it would ex ante
Read →

Entropy: The Defining Characteristic of Global Affairs

Markets are pricing for utopia but is tectonic change afoot?
Read →

Vox on Millennials, Risk Aversion, Investing and Success in Life

OMG. Millennials are idiots. They put less than half of their savings in stocks. When they’re old, they’ll subsist on a cat food diet because they were terrible investors. Reading this article on Vox.com raised my blood pressure and left me baffled/speechless.1 Conor Sen (@conorsen) asked me why, so I’ve pulled together some thoughts on why […]

Lagos: Reflections on the Epicenter of the Frontier Market Phenomenon

Nigeria is not a great country. It is one of the most disorderly nations in the world. It is one of the most corrupt, insensitive, inefficient places under the sun … It is dirty, callous, noisy, ostentatious, dishonest and vulgar. In short, it is among the most unpleasant places on earth!1 It’s dirty and an […]