Become a Patron! I've written previously about the SECURE Act, the House version of a measure designed to encourage employers to allow employees to gamble their retirement savings on the long-term financial stability of private insurance companies. The measure has since cleared the House but is currently being held up in the Senate for now by Ted Cruz who is trying to turn … [Read more...] about The SECURE Act and the defects of the centrist mind
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Beware Republicans bearing robust debate and compromise
Aparna Mathur is a Resident Scholar, Economic Policy, at the American Enterprise Institute, a libertarian think tank with an excellent kitchen that I periodically visit when I want to save money on lunch or cocktails. If you're ever in DC I strongly recommend visiting their events page to see if you can enjoy one of their catered meals or open bars. Scholar Mathur has … [Read more...] about Beware Republicans bearing robust debate and compromise
Book review: Reihan Salam and the limits of American greatness
The local public library recently spit into my hands Reihan Salam's slender volume about US immigration policy, "Melting Pot or Civil War? A Son of Immigrants Makes the Case Against Open Borders." The "son of immigrants" in question is Salam himself, who is so thoroughly integrated into American life he manages to hold down a gig writing for the fringe conservative website … [Read more...] about Book review: Reihan Salam and the limits of American greatness
“Effective altruism” is as stupid an idea as “smart beta”
A spectre is haunting the United States — the spectre of "effective altruism." This is the idea, lifted from the corridors of financial capital, that philanthropy can and should be streamlined, optimized, A/B tested, and transformed to make sure each dollar is deployed "effectively." The other day I saw Dylan Matthews, in honor of "Giving Tuesday," write about his own … [Read more...] about “Effective altruism” is as stupid an idea as “smart beta”
What goes into a good active savings strategy?
A headline passed across my Twitter feed yesterday that seemed like a good bank account signup bonus: "$500 Bonus for New Money Market Account at Capital One." $500 is a lot of money, so I clicked through to check out what the requirements were. As usual, there were some deposit requirements, in this case a $50,000 deposit of outside money, held in the account for 6-8 weeks … [Read more...] about What goes into a good active savings strategy?