Robert E. Wright is the Nef Family Chair of Political Economy at Augustana University in Sioux Falls, South Dakota. He is the author of 18 books, including a new book on financial exclusion published by AIER.
Articles by Robert E. Wright
The genius of the recent NBER paper, by Duke’s Francesco Bianchi and London Business School’s Howard Kung and Thilo Kind, is that it directly measures the effect of President Donald J. Trump’s tweets critical of the Federal Reserve on the Federal Funds Rate, a key overnight interbank interest rate.
Few of us have true insurance, but rather just access to a giant paperwork mill.
My friend’s letter captures the essential reason why higher education today provides students with relatively low value, i.e., high cost for the minimal skills created: many colleges and universities reward conformity instead of productivity, and collegiality over competition.