In science and technology, knowledge builds up as people make new mistakes: Technology may, like digits in an actuarial table, improve and compound, accumulating gradually over time. But in love, finance, and the rest of life, people make the same old mistakes, over and over again. As soon as the ...read more
Making History and the Myth of Progress
Aug 12th, 2009 | By Addison Wiggin | Category: Featured, Politics
No history recalls what the 5,000 or so Normans must have felt when they saw the English coastline in 1066, nor what they had for breakfast, or how their wives and daughters missed them at home on that day. Nor does it tell us how the peasants in Toncarville coaxed ...read more
Excerpt from “The Hard Math of Demography”
Aug 6th, 2009 | By Addison Wiggin | Category: Featured, Macro Economics
Social Security? Not Exactly
The first public retirement pension scheme was created by Otto von Bismarck in 1880 Germany. Fifty years later, during the Great Depression, Franklin Roosevelt followed suit in the United States. As we’ve seen, the number of people expected to reach the retirement age of 65 was not ...read more

