I have frequently here decried the quality of our national political media outlets, writing that they focus on the horserace, not the impacts electing one or another candidate might bring to all of us. Many people have jumped (surely unknowingly) on my bandwagon, saying they want “less about the horserace,…
Category: Society
Economics
Robert Rubin’s Russian Roulette: “The Yellow Pad: Making Better Decisions in an Uncertain World”
February 5, 2024 The ignorance of even the best-informed investor about the more remote future is much greater than his knowledge, and he cannot but be influenced to a degree which would seem wildly disproportionate to anyone who really knew the future, and be forced to seek a clue mainly…
Economics
Artisanal Dark Ages
November 2, 2023 In 1908, John Laing Leal, a physician, was working for the Jersey City, NJ water supply. His father had suffered from amoebic dysentery as a result of service in the Civil War and consumption of infected water. Leal had previously held various posts in public health, and…