The most expensive thing you’ll ever pay for is not what you think:

Teaching 30 kids in a class and expecting mastery at the same pace is a grave injustice to their abilities. Some will learn but the vast majority will be left behind at some point. Extrapolate this over the years and a huge deficiency due to missing prerequisites is inevitable.

Deep meritocracy is fundamentally unstable, because elites can't tolerate their kids losing. They will engage in destructive status competition with each other, and also just directly corrupt the institutions. 1/

Ken Ofori-Atta has had a long career as an investment banker, entrepreneur and until last year Ghana’s finance minister. Now he's a wanted man on Interpol’s red list. on.ft.com/4dRBsnj

humans progressively live less life every day because there are software engineers at google trying their hardest, using the most advanced software systems man has ever built, to steal your hours. hours away from your family, time away from the one life you have

Political forces > market forces. There‘s no end to human greed.

When I was taught music in junior secondary school, the only thing I remembered was "middle C" and strange diagrams I couldn't understand. Nobody taught me what those notes sounded like, no practical appreciation of anything. That's the problem with Nigerian education.

FX swaps are a key barometer of risk-taking and global financial conditions. FX derivatives like swaps and forwards connect global #BondMarkets, enable cross-border #Investments and transmit financial shocks globally #Finance #GlobalMarkets bis.org/publ/work1273.…

7K likes! I encourage people to give their parents grace. Unless they squandered generational wealth, they probably didn’t have much to work with either. It’s your turn. Social mobility is difficult. Forgive your parents. Take matters into your hands very early.

One unspoken factor in the ASEAN economies' growth rate during the ‘70s was their rapid decline in fertility rate. You can have income growth and declining fertility or falling wages and high fertility (as it were during the pre-industrial era) but not both.

If you don’t chase every single weird dream you have, what even is the point of living? We have too many young people lacking the courage to pursue what they really, really want out of life. Dream it. Chase it. Do it all! We’re all going to die anyway.

You’ll Never Walk Alone 💔

The scam in mainstream economics we didn't learn in school is that all monies is/was from debt, which was created out of thin air. And nobody wants you to think about the first person who borrowed the first money and how that debt or interest was repaid - assuming it ever was.

“A government policy designed to run under the assumption of good behaviour is a policy designed to fail”. All admirable but impractical.