LMR – August 2016

It is common when we give lectures to the public that someone asks, “Are these people in DC evil, or just stupid?” One of us (Murphy) typically handles this question by responding, “Well, they’re not stupid…” and then letting the pregnant pause sink in. Humor aside, it is important to understand precisely what has gone wrong in academia and policy circles.

BankNotes – August 2016

“Sweetheart, I think you’re making a terrible decision. However, I am not going to stop you.”


That’s from a not-too-long-ago escapade with my daughter, who was about to spend her money on what I honestly thought was dumb. Why, if she was making a mistake, didn’t I stop her?