Tag: books

Education and a Happy Life

Education and a Happy Life

I am an educator. I have been teaching for 10 years. This week, as I reach a huge milestone in my own continuing education, finishing my Master’s degree, the field of education is facing an existential crisis. K-12 schools are underfunded by state and local governments and have huge issues in inequality. College educations are increasingly necessary but wildly expensive. Covid-19 has magnified many of these problems and brought to our attention how vulnerable the system is. To use a finance metaphor, our society is in a period of price discovery for education. We cannot figure out what it is worth to us.

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Book Review: Meltdown by Chris Clearfield

Meltdown (Clearfield)Our society increasingly relies on complex, tightly coupled systems that handle our healthcare, finances, travel, and more. While those systems can be more productive and theoretically safer, they have vulnerabilities, including the complexity in itself. Sometimes, the addition of more safety features can actually make something less safe by making it more complex and therefore more likely to allow for a mistake to be made. Continue reading “Book Review: Meltdown by Chris Clearfield”

Book Review: A History of the US in 5 Crashes

history of us in 5 crashesA History of the United States in Five Crashes¬†describes the 1907, 1929, 1987, 2008, and 2010 stock market crashes. Scott Nations’ thesis is that crashes tend to follow a pattern where some new financial construct causes investors to let their guard down. The false sense of security allows for a rapid market run, then some event triggers it to come crashing back down. The introduction of algorithms and computer-directed trading has also sped up this process and created new vulnerabilities in the market. Continue reading “Book Review: A History of the US in 5 Crashes”