The Demographic Cliff

By AunAli K. on

The most underrated story in geopolitics is that almost the entire world is about to get old at once, and almost nobody has a plan for it. Japan is the case everyone points to, because Japan has been running the experiment since about 1990 and the results are in. You…

The University Ponzi

By AunAli K. on

I am going to stand by the title. The American university is built like a Ponzi scheme in the narrow, technical sense, which is that the promises owed to earlier cohorts can only be paid if each new cohort is larger, or pays more, or borrows more than the one…