Recently, I dipped my toes into the net neutrality debate. I shared an article pointing out that a graph, tweeted out by a Representative of California arguing in favor of net neutrality, ironically, makes the argument against net neutrality. This graph highlighted the perspective of the average consumer, i.e.—under net neutrality, internet services actually become more expensive. Sharing this article put me directly in the line of fire by some very passionate netizens (net neutrality advocates). Continue reading “Getting Internet From the Tap”
Say you walk into Brooks Brothers and the staff ignore you. Why would this happen? Although the staff have no concrete information about your budget, they can examine your age, style, and demeanor to assume that you certainly cannot afford anything in the store, except for maybe a single sock. We see social experiment videos showing this type of behavior all the time. Ugh, these filthy salespeople and their brazen judgment. This rather scandalous judging, though, can be applied to help solve the information asymmetry problem. We say that information is asymmetric whenever one person involved in a transaction knows more than the other. Continue reading “Michael Spence — Signallin’ with Brooks Brothers and Bro-Country Music”
Have you ever gone on a Tinder date that was not what you expected? You immediately swipe right at the sight of an attractive person holding an adorable puppy. But, minutes after showing up at the bar, you find your date is dismissive, rude, and has horrible taste in beer. Sometimes what you see isn’t what you get. When you take a step back, you realize that the things you attributed to the person in the profile picture do not reflect the reality of your date. Continue reading “James Heckman: Tinder Dates Gone Wrong”
If you live in the city like me, public transportation is a way of life. It helps you go from point A to point B without having to own a car. Since moving to DC, I have discovered many alternative modes of transportation. I have the option to walk without having to pay a dime. I can also take the bus or metro rail system for a low fare rate, relatively quickly* (*see Metro complaints). Continue reading “It Matters How You Get There: McFadden and the Metro”
With the bad weather blowing in and holidays around the corner, my mind has slipped into thinking about places I’d rather be than Virginia. Italy, Paris, Switzerland…I have visited Europe a couple times. Unfortunately, as my bank account can’t fund a trans-Atlantic flight, I have had to mostly reminisce of the good times there. Continue reading “Robert Mundell: Three Choices? Not in My Financial Market! ?”
In case you didn’t know, we surpassed the $20 trillion mark in debt. Like many recent college grads or new homeowners, the United States has piled on more debt than what it brings in every year. In fact, the government debt is larger than the amount of goods and services we produce in a year! In 2016, the Gross Domestic Product, or GDP for the U.S. was around $18 trillion; $2 trillion less than the total debt. Continue reading “Slow-Boiled By Good Intentions”
Gotta get y’alls blood pumping for this post, so let’s start with a pop quiz! Yes, this is graded.
Which country is more prosperous? The US or Saudi Arabia? Got your answer locked in? Continue reading “Amartya Sen: Just What are We Capable of?”