One of the Reasons to Have Kids: They're Weird

I'm a big believer that boredom is the greatest evil to be avoided in life.  Fortunately, kids make it hard to be bored if you step back and observe them for a moment. Kids are weird.  I think they're a lot weirder than the average human.  It's best when they're just doing thier thing unaware of…


The Futility of Reform

Don't run for class president.  Don't go to HOA meetings.  Don't join a committee.  Don't get involved in political campaigns. All of these activities are about reform.  Get into the institution, play by its rules, and try to make it behave differently than it wants to. Forget this approach.  It…


Ask Isaac: Marginal Utility for Beginners

In this episode I answer a very simple but incredibly important question from listener Steve Thomas: Please explain the theory of marginal utility and give a few practical examples. Through riddles and illustrations I try to make the ideas of value subjectivity and marginal utility easy to…


The Economists Answer for Bad Drivers

I originally posted this as just audio, but then I had someone transcribe it for me on Freelancer.com.  I paid him $10 and he did it from Montenegro in 20 minutes.  Fun! One of the many things I love about economics is that it helps you understand and make sense of things that otherwise seem…


Humility Also Means Ignoring Input

Humility is a weird concept.  It's easily associated with things like meekness, deferential behavior, lack of confidence, and wishy-washiness.  But these are not genuine humility. Humility is the willingness to see yourself as you truly are. Valuable humility is simply a recognition of your…


Episode 36: Albert Lu on Recycling, Homeschooling, Wal-Mart, and Whole Foods

My good friend Albert Lu, host of "The Economy" podcast guest hosts this episode for me and does a bang-up job! Albert was the person who got me into podcasting, so he's the Obi Wan to my Anakin...or something. Enjoy, and check out his work at www.powerandmarket.com. This and all episodes are…


Why I Don't Read the Comments

Because it makes me less happy. That's it. There's no other deep principle or reason. This is also why I occasionally do read them. It (rarely) can be enjoyable.  I don't dislike commenters or discussion. For some reason it detracts from my enjoyment of life to read comments. Maybe that's a…


Voice & Exit Interview

An interview I did for the Voice & Exit blog. 1. Isaac, you wrote an article on the V&E blog earlier this year about changing the world through creative entrepreneurship. Can you explain how this mindset informed your decision to start Praxis? I was tired of talking. Don’t get me wrong, I…


Should the Poor Be Forcibly Sterilized?

Do you think I could convince you that the US needs a forced sterilization program to prevent poor people from having children? Before you react, please take a moment to consider my case... What if I told you that people born into poor families have a higher statistical likelihood of committing…


Special Podcast Episode: What Is Praxis All About?

This is a special episode about Praxis, an amazing one-year experience for entrepreneurial young people who want to take control of their life, education, and career. Praxis grads and participants talk about what made them choose the program and what the experience is like. Check out…