You have access to more information right now than every human who lived before 1900 combined. You carry a device in your pocket that connects you to the sum total of recorded knowledge. You can learn quantum physics at breakfast and Renaissance art history over lunch. And yet you are not meaningfully smarter than your […]
Your Brain is a Bottleneck: Why “Learning More” is a Waste of Time Read More »
There is an old line, usually attributed to Bismarck but probably older than him, that laws are like sausages. You should never watch either one being made. Most people hear this and chuckle. George Stigler, the Nobel laureate economist from the University of Chicago, heard it and thought: actually, let us watch. Let us watch
The Policy Factory: Why Laws Are Manufactured Exactly Like Sausages Read More »
You got a raise last year. Maybe even a good one. You bought the slightly better coffee, upgraded your streaming plan, and for about eleven days you felt like you had finally made it. Then the feeling vanished. The new number on your paycheck became the new normal, and normal never feels like enough. This
Karl Marx’s Math: Why Your Salary Never Feels Like Enough Read More »
The Rothbardian case against the protective state You lock your front door at night. You check reviews before buying a car seat for your kid. You read the ingredients on food labels. You do these things because you care about safety. Nobody had to pass a law to make you care. And yet, somewhere along
How Government “Safety” Regulations Actually Make You Less Safe Read More »
In 1821, David Ricardo did something unusual for an economist who had spent his career defending machinery. He changed his mind. In the third edition of his Principles of Political Economy and Taxation, he added a new chapter titled “On Machinery,” in which he admitted that the introduction of machines could, in fact, hurt workers.
Why ChatGPT Is the New “Steam Engine” of the Intellectual Class Read More »
There is a particular kind of magic trick that management consultants have perfected over the last century. You take an old idea, give it a new name, wrap it in certifications and colored belts, and sell it back to organizations as if it just fell from the sky. Lean Six Sigma is perhaps the most
Why Lean Six Sigma Is Just Taylorism in a Fancy Suit Read More »
There is a man you have never heard of who designed your Monday morning. He decided when you clock in, how your tasks are divided, why your boss watches your screen, and why your lunch break is exactly thirty minutes. He has been dead for over a century, and he is still your most influential
Scientific Management: The Reason You Hate Your Job Read More »
John Maynard Keynes thought you were bad with money. Not you specifically. Everyone. The whole public. He believed that ordinary people, left to their own devices, would make financial decisions so poor that entire economies would collapse. And the frustrating part is that he was mostly right. This is the story of one of the
Keynes the Elitist: Why He Didn’t Trust the Public to Manage Their Own Money Read More »
When people think of radical economic thinkers, they tend to reach for the obvious names. Marx, with his barricades and manifestos. Keynes, with his cocktail party brilliance and government spending programs. Maybe Milton Friedman, cigar in hand, telling everyone that inflation is always and everywhere a monetary phenomenon. Almost nobody reaches for Jean Baptiste Say.
Why Jean Baptiste Say Is the Most Radical Man in the History of Money Read More »
There is something deeply strange about the fact that the people who benefit most from capitalism are often its loudest critics. University professors with tenure, writers with publishing deals, journalists at major outlets, artists funded by grants or wealthy patrons. These are not the wretched of the earth. They are, by any historical standard, among
Why Intellectuals Hate Capitalism, According to Schumpeter Read More »