In 1907, amidst rising interest rates and a declining stock market, two New York bankers attempted to corner the stock of a copper company. Their scheme collapsed, and depositors at the banks that backed them pulled their money. One bank, Knickerbocker Trust, lacked the capital to withstand the bank run…

Carbon emissions are believed to be the mother of all negative byproducts. But there’s something worse: Converting attention into profit. — The universe is a product of the collision of materials and gases that added value to one another. Humanity’s ascent to the world’s apex predator is also a function of our ability to add value, converting one substance into another. We learned to morph wood into fire, and walnut oil…

Affection, both emotional and physical, is what it means to be a mammal, to be human. — On Saturday I went on CNN with Michael Smerconish to talk about the challenges young men face in America. The headline: 63% of men aged 18–29 in America are single (neither married nor in a committed relationship) — up from 51% just four years ago. Among women, that number is…

Three years ago today there were 53 known cases of Covid-19 in the United States. The first U.S. death was recorded five days later at the EvergreenHealth Medical Center in Kirkland, Washington. …

Politicians get elected by telling us we can have our cake and eat it, too. The only thing that’s passed for bipartisanship over the past four decades is reckless spending. Democrats want more social spending, Republicans want lower taxes. OK, let’s compromise — do both and fuck over our grandkids…

I’ll do approximately 25 speaking gigs in 2023, down from 47 in 2022. The primary reason for the decline is that I live in London now. Jumping on a plane to Austin to speak at SXSW used to sound fun … now it sounds like jet lag and time away…

Capitalism aims to convert ambition to success. Its alchemy of incentives fosters a relentless pursuit of economic opportunity from things we crave: food, shelter, bigger iPhones, desirable mates. Our hunger for wealth and love drives us to work and create — capitalism’s genius is finding new avenues for that drive. …

More brains, more ideas. However, we’re in danger of running out of ideas because we’re running out of people. — Our species dates back 300,000 years. For most of that time, most humans lived to their early 30s, as a bad cut or broken bone was a death sentence. Around 1800, things changed: wealth, life expectancy, and the population all exploded. In the past two hundred years, per capita GDP…

The need to protect democracy, the antithesis of monarchy, has never been more urgent. — I moved to London six months ago. Within two weeks a fortnight the Queen died, the pound crashed, and a head of lettuce outlasted the new prime minister. Since then, I’m more struck by the similarities, vs. the differences, between New York and London. One clear distinction though: Royalty. …