profiles of people

Patrick McKenzie and Tyler Cowen in conversation.

Here’s a run-on sentence: “Tyler sat down with Patrick to discuss signature fields on the back of credit cards, whether bank tellers or waitstaff are more trustworthy, the gremlins behind spurious credit card declines, how debt collection and maple syrup […]

fun facts

Oidashibeya.

Japanese workplace culture is the opposite of America’s at-will employment. “Japanese companies are barred both by societal and legal constraints that make it very difficult to fire employees.” So they invented “the oidashibeya, literally the banishment room or the expulsion room.” ~ learn […]

fun facts

A peek inside Japan’s largest Dagashi store.

“Dagashi (駄菓子) are small, inexpensive Japanese confectionery and snacks you would find in corner stores. 10 yen for an Umaibou, 30 yen for a Cabbage Tarou. It’s what you would buy on your walk back home from school and fight […]

tech, startups, internet

How did solar power get cheap?

“Solar went from the most expensive source of electricity in the 1950s to the least expensive source of electricity in the 2020s.” The root cause: hundreds of billions of dollars of both public and private investments. Those investments, first in […]

under the microscope

Maybe the supercentenarians are lying?

This article is a preprint and has not been certified by peer review. “In the UK, Italy, Japan, and France remarkable longevity is instead predicted by regional poverty, old-age poverty, material deprivation, low incomes, high crime rates, a remote region […]

fun facts

The economics and history of hole-in-one insurance.

“Though the concept [of a golfer picking up everyone’s bar tab after nailing a hole-in-one] largely faded away in the US, it became a big business in Japan, where golfers who landed a hole-in-one were expected to throw parties “comparable […]

tech, startups, internet

Payments in Japan.

A fascinating and geeky look at how payments work in a country where 40 payment methods are accepted at 7-eleven. “Payments in Japan have changed enormously in the last 20 years. The rate of change is accelerating. You will see […]