I gotta use this one day:

The task is not easy, as policy makers and political and economic elites often reinforce dysfunctional institutions. But it is impossible without considering the varieties of capitalism in play today. The right institutional makeup can in fact increase equitable wealth creation, but to ignore institutional differences is akin to putting an ill-fitting adult suit on a growing teenager–they either wear the suit awkwardly or take the suit off as soon as the adult isn’t looking. It is much better to tailor the clothing to the person wearing it.

The bolded section is the part that I would reuses the rest is just context.,4,69926,1/ interesting article by the way…

The Magic of the Unknown

I like this quote at the beginning of the chapter on regression models in my stats book:

So startling would his results appear to the uninitiated that until they learned the process by which he had arrived at them they might well consider him as a necromancer.

Dr. Watson speaking about Sherlock Holmes — A Study in Scarlet

Book idea

I was thinking it would be fun to read about a world where our concept of prison is the natural state of the denizens.  Then for punishment (rather than jail) they are given full freedom.  Would be interesting to read an authors rendition of such a state.  Sounds like it would be a classic.  Going to have to find it.

I’m reading 20,000 Leagues Under the Sea.  So far I like it.