Lessons Learned about US Economy
More than half of our wealth depends on the social fabric, trained workers, clear property rights, and stable government.
Category: Non-Fiction
The States are Democracies, but the United States Is Not
The individual states of the United States are democracies, but the union of the states is not.
Emergence: Mind from Brain
Almost Gate. Two things, almost the same, get treated as the same.
Inflation, Fed Funds, and Economic Lags
A year after the last Fed's increases, its effects finally land and provide a final suppression to economic activity.
Fake News and Free Speech
Free speech does not cover statements if those statements cause harm. Fake News harms us. It stops the government from meeting our goals.
Bond Duration, Fed Rate, and Valuation Change
The rule of thumb vastly overestimated the valuation decline.