Under Water in the Caribbean

By all accounts, Puerto Rico is a beautiful, sunny place to visit, especially in the Winter. But it’s hard to fathom how this U.S. island territory of 3.5 million people could have racked up $70 billion in public debt—roughly $20,000 per citizen, which happens to be almost exactly the population’s average yearly income. Now that […]

Cheaters, Thieves and Tax Havens

Leaked information tells the story of prominent world leaders who avoided taxes or looted their country’s treasuries in order to squirrel away not only money, but expensive yachts, luxury homes, ownership of a candy company and investments in construction companies. The Prime Minister of Iceland has already resigned as a result of the leaked client […]

Job and Public Sector Employment Growth by Presidential Term

You read a lot about job creation and governmental policies, especially in this era of lingering, lagging economic growth, especially from political figures who are hoping to get elected based on their policy prescriptions. Republican candidates like to talk about the growth of jobs during Ronald Regan’s presidency, while Democrats tout the presidential terms of […]

How Should We Think About the Future?

Chances are, you’re underestimating the amount of progress we’re going to make in technology, medicine and a host of other things. Why? Because your brain, and mine, and everyone else’s, thinks linearly, rather than exponentially. We are living in an age of exponential change in things like computing power and speed, decoding and finding […]