Andrei Stoica

There’s an obvious application to health insurance, too. Adverse selection can also happen when a buyer conceals information from a seller; insurance customers will naturally try to hide how sick they are from an insurer, in order to get a lower premium. This means that healthy people have to pay premiums that are too high, which keeps them out of... See more

But the Benedictines could not have achieved what they did without engaging in complex forms of political conflict and social innovation. After all, revolutions don’t just happen on their own. They require the emergence of new “great captains” to lead the world through periods of intense political conflict and oversee great epochal transitions in... See more

4. Wallerism: Crypto, via stablecoins, is good for the dollar

Flipping over to the Republican side of the aisle, but remaining within the establishment, we have Federal Reserve Governor Chris Waller.

Waller pricked my ears in February with his comments in a speech entitled The Dollar’s International Role . The purpose of the speech is to defray... See more

WWII editorial maps for Time Magazine by R.M. Chapin https://t.co/MIkV4yGBWl

We have to face the fact that most men and women out there in the world of work are more stale than they know, more bored than they would care to admit. Boredom is the secret ailment of large-scale organizations. Someone said to me the other day "How can I be so bored when I'm so busy?" And I said "Let me count the ways." Logan Pearsall Smith said... See more

3. Active Labor Market Policies (ALMPs)

The third pillar, ALMPs, ensures unemployment is temporary. Denmark spends over 1.5% of its GDP on programs like vocational training, job placement services, and wage subsidies—more than any other OECD country311. Unemployed individuals must participate in these programs or risk losing benefits, a principle... See more