Friday, 16 November 2018
Andrew Gelman, professor of statistics, believes that “a quick rule of thumb is that when (1) someone seems to be acting like a jerk, an economist will defend the behavior as being the essence of morality, but when (2) someone seems to be doing something nice, an economist will raise the bar and argue that he’s not being nice at all”.
I think he is right. Readers should pay attention.
Saturday, 27 October 2018
Poor Joe Sixpack, he was getting desperate. He had been travelling for a while, always hoping to get to a better place. He took the bus but every stop was worse than the previous. It didn’t take him long to realise this one was the worst yet. Just after he got off the bus, there it was, a huge sign with the inscription “Welcome to the Fifth Circle of Hell. Population: 34 billion souls”.
Friday, 19 October 2018
Life is full of perverse, cruel irony. That sentence is a case in point.
Alex Turnbull is no radical.
It would be nearly inconceivable for him to be a left-wing radical: before resigning his seat in Parliament, Malcolm Turnbull, Alex’s father and former Goldman Sachs partner, was Australia’s richest politician. Alex (against my rule, I’ll refer to him and his father by their first names, for brevity) is a hedge-fund manager based on Singapore.