big ideas

Free knowledge and innovation

What happened when Andrew Carnegie funded ~1700 free libraries? “Sometimes obvious ideas work. If you want to encourage more innovation, give people better access to knowledge.” | learn more

retail therapy

Amazon Prime is an economy-distorting lie

A fascinating theory of Amazon hurting consumers with monopoly power. “Amazon also uses its bazooka of cash from Prime members paying high consumer prices, laundered through third party sellers, to distort industries across the economy.” | learn more

retail therapy

The increasing complexity of product returns

“Amazon and Walmart both use artificial intelligence to decide whether it makes economic sense to accept a return. These merchants can absorb the cost. But for smaller merchants, returnless refunds are a recipe for financial disaster.” | learn more