When I tutored Federal Penitentiary inmates decades ago, I made a big mistake. Part Two of "Hey Commissioner... Hand me that Predictive Tool" is about how mistakes like this happen, and what they mean.
A single lifetime of hard work and personal sacrifice can create a legacy of inherited wealth lasting many generations. But this singular focus on the hero's rugged American individualism hides an important consequence of the story.
I once shared a cab to LaGuardia with a freshly minted Economics Ph.D. On the scent of fame, he identified himself as part of a new breed of “rock-and-roll economist,” prepared to draw an audience with findings that jar and awe.