It’s clear to me that the biggest and longest lasting impact of Apartheid will be the disastrous effect it’s had and is continuing to have on education. We won’t fix employment or economic growth or prosperity (and in a roundabout way many other social ills) unless we have a truly fixed education system. But, passing…
I hope Make A Million’s systems are playing up. Â Otherwise some players are losing more money than I ever expected.
Ebrahim Patel announced his New Growth Path policy document yesterday. At 36 pages, it’s more readable than many tome-like policy documents, but still no lightweight walk in the park. The good intentions are clear in the document, but unfortunately so are the many economic sink-holes created through inadequate input from people who actually understand economics.…
In How Not to Lose Money in Make a Million I showed that the game was massively more likely to lose you money than make you money. Â It may be a great way for the promoters to gain some new client and some media coverage, but it’s a really poor way to introduce the masses…
Don’t believe everything you read, everything you feel. Forget all the mad talk about moving to a new gold standard. It isn’t going to happen. It won’t happen even if the president of the World Bank suggests it might. Why not? Because it won’t work. It doesn’t solve our problems and creates innumerable other problems.…
Turns out Australian banks are concerned that their customers have greater confidence and trust in Google and PayPal than in their own institutions. It wasn’t that long ago that financial institutions needed marble-clad offices and multi-decade histories to show that they were serious and were financially stable and could be trusted. Now the organisations that…
This is not the best way to start serious analysis of models versus markets in the prediction space, but given that I’m writing an exam tomorrow I thought I should put the links out there now. Â I’ll address this topic again in the future. Steven Levitt (of Freakonomics fame) discussed an old paper of his…
Venezuela has just nationalised the local arm of a US bottling company. It shouldn’t be long before this example hits the political spehere in South Africa and enters our own debate on nationalisation. The debate really has (or needs to have) two quite distinct elements: Are nationally owned / publicly managed companies and industries better…
