December 20, 2017

From The Economist:

There is a wide generational gap: millennials (those who reached adulthood in the current millennium) have a lot of catching up to do in the wealth stakes. Americans currently aged between 30 and 39 years of age are calculated to have amassed 46% less wealth on average in 2017 than the equivalent cohort had gathered in 2007.

From The Economist:

Higher student debts and the difficulty of getting on the housing ladder have made it harder for millennials to build a nest-egg. That disparity might come back to bite the baby-boomer generation, who are fast moving into retirement. When baby-boomers want to cash in their assets, they may find millennials can’t afford to buy them at current prices.

From The New Yorker:

Without clear property rights, capitalism and the modern economy could not exist.

From Harper's:

Attractive plagiarists are judged more harshly.

From Timothy Snyder's On Tyranny:

Milgram grasped that people are remarkably receptive to new rules in a new setting. They are surprisingly willing to harm and kill others in the service of some new purpose if they are so instructed by a new authority. “I found so much obedience,” Milgram remembered, “that I hardly saw the need for taking the experiment to Germany."