The Minimum Wage Debate

From Bloomberg: The $15 Minimum Wage Will Kill Jobs. Should You Care? I use to care much more, and then I realized that since most predictions by pundits are wrong, it probably doesn’t matter that much. The economy will adapt either way, although there may…

Thomas Hobbes and the Seeds of Liberalism

Hate to break it you, but Hobbes, along with Rousseau, laid the intellectual groundwork for modern liberalism. Hobbes describes men as being naturally vain and selfish. He declares that “whatsoever is the object of any man’s appetite or desire that is it which he for…

The Gift of Autism

Some recent blog posts about autism: Autism, genius, and the power of obliviousness “The A-Word”–when “autism” is used as an insult A distinction must be made between high-functioning and low-functioning autism; this article discusses the former. It seems like in today’s economy and society, autism…

Sharing Economy Dying? Debunking Salon.com Hype

Good riddance, gig economy: Uber, Ayn Rand and the awesome collapse of Silicon Valley’s dream of destroying your job The problem with Salon articles (and to a lesser extent, Slate) is that there is often a substantial mismatch between the headline, which is often sensationalist,…

Not Smart Enough to Succeed: IQ Inequality = Income Inequality

From the Atlantic: Total Inequality Total Inequality is not merely income inequality (although it matters) nor merely wealth inequality (although that matters, too). Total Inequality would refer to the sum of the financial, psychological, and cultural disadvantages that come with poverty. It’s not that the…

Voters and Skin in the Game

Soul and skin in the game So voters are irrational, voting based on emotion than ‘good’ policy. This is not new, Bryan Caplan having written extensively about this. But the difference is Caplan uses this as an argument against democracy, whereas Taleb sees it as…