Overly Restrictive

Overly Restrictive

Parents of young adults might be familiar with this dilemma: there are certain ways you don’t want your kids to get in trouble, so you can either outright ban the behavior with a very high likelihood the young’uns are going to do it anyway but (try to) keep it from...
The End of the BINO

The End of the BINO

Can a financial institution call itself a bank without having a banking license, that is, be a Bank In Name Only (BINO)? Recently, the central bank of Brazil announced that using the word bank in the name requires permission and the fulfillment of particular capital...
Creative Destruction

Creative Destruction

About a month ago, the Nobel Prize in Economics was awarded to Joel Mokyr, an economic historian, and Philippe Aghion and Peter Howitt, both economists, for their insights on how sustainable growth happens through creative destruction. Their work is centered on how,...
Glow-Up Gold

Glow-Up Gold

You win gold and you lose silver, isn’t that what they say? Right now, though, it seems that gold has been cast as the sweet-natured second-choice life partner in a romantic comedy starring AI actress Tilly Norwood. Yes, gold is seeing a huge surge in popularity....
Cars Before Underwear

Cars Before Underwear

Today, The Atlantic reminded me that Alan Greenspan, the renowned economist and former Fed chair, has been said to follow the Men’s Underwear Index (MUI) as an indicator of economic turning points. Many men consider new underwear a nicety, so when they feel economic...