Ask the average person about her smartphone, and the odds are better than even that she’ll be able to recite the make, model, and salient features such as battery life and camera quality. She may even be in a position to rank the phone relative to other handsets and to make a recommendation as to … Continue reading Do Financial Regulations Decrease Financial Literacy?
We’re Naturally Blind
In 12 Rules for Life, Jordan Peterson gets to a point that is paramount for healthy living: “That’s how you deal with the overwhelming complexity of the world: you ignore it, while you concentrate minutely on your private concerns. You see things that facilitate your movement forward, toward your desired goals. You detect obstacles, when … Continue reading We’re Naturally Blind
New Payday Loan Rules: Well-Intentioned With Heavy Baggage
The Consumer Financial Protection Bureau’s (CFPB) payday lending rule goes into effect next week. The rule has two parts: Payday lenders must “reasonably determine” the borrower’s ability to repay the loan. This includes taking the borrower’s credit history and spending habits into account when making a loan. Payday lenders cannot attempt to withdraw payment from … Continue reading New Payday Loan Rules: Well-Intentioned With Heavy Baggage
Getting Internet From the Tap
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 … Continue reading Getting Internet From the Tap
George Stigler: Information is Power
It is July 4th weekend coming up. Woohoo! Some of you will be traveling and doing some mini vacations somewhere. I don’t know about my plans for the 4th just yet, but I know that I am going to try and head out somewhere. As long as I escape the nation’s capital on the nation’s … Continue reading George Stigler: Information is Power