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.
Since my last post, "Peanut Butter and Paternalism", peanuts and the FDA have been much in the news. A New York Times Op-Ed yesterday revisits those very issues.
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