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Schumpeterian creative destruction, the rise of Uber and the great taxicab collapse, and why we should feel no sympathy for the traditional taxi cartel members as they lose market share to superior transportation providers.

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Productivity growth remains anemic, if it is being measured correctly. Policymakers should assume the worst and act accordingly.

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Denali, formerly Mt. McKinley, is seen from a window on Air Force One during descent into Anchorage, Alaska, Aug. 31, 2015. (Official White House Photo by Pete Souza)

By changing the name of Mt. McKinley, President Obama isn’t just trampling the legacy of the man who led the US to victory in the Spanish-American War — he’s also throwing shade at the gold standard.

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Macroeconomics is not a science and suffers from many unintended and unexpected consequences. The Fed cannot be sure of what the results of its current theories and its remarkable forays into uncharted territory will be.

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Iraqi security forces stand with an Islamist State flag which they pulled down at the University of Anbar, in Anbar province July 26, 2015. Iraqi security forces entered the University of Anbar in the western city of Ramadi on Sunday and clashed with Islamic State militants inside the compound, the joint operations command said in a statement. Reuters

The United States has no strategy against ISIS, and the tactics being pursued by the Obama administration are failing.

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Secretary of State Hillary Clinton speaks during a dinner at the USA Pavilion at the World Expo site in Shanghai May 22, 2010. Reuters

Hillary Clinton in 2009 set out to raise tens of millions of dollars from giant US corporations. In order to do so, she called on her cadre of lobbyist friends whose job was to hit up their clients and other corporations.

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Republican presidential candidate Donald Trump signs autographs during the National Federation of Republican Assemblies at Rocketown in Nashville, Tennessee August 29, 2015. Reuters

There are many reasons the non-politicians — Trump, Ben Carson, and Carly Fiorina — are doing so well, but near the top is the fact that they haven’t internalized the language of political consultants and pundits.

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If Mexico is going to take its place as a prosperous country in a globalized world, it will have to invest both political capital and money to build a criminal justice system that will apply the rule of law against violence and corruption.

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Indian Prime Minister Narendra Modi walks in front of a picture of former Indian Prime Minister Atal Behari Vajpayee after a news conference in New Delhi July 9, 2014.  Reuters

Is Prime Minister Narendra Modi failing the Indian right?

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It’s been just over a year since I joined an emerging tech company in Silicon Valley (current headcount about 45), and this seems like a good time to share some initial impressions.

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