Previously published on February 13, 2016 on   It is an article of faith among California’s political class that insufficient higher educational opportunities are a constraint on California’s economic and job growth.  Just about every California economic development document includes a discussion of California’s desperate need for more college graduates. Unfortunately, the facts disagree with… Read more

Based on the book of the same name by Michael Lewis, the Big Short is a movie about several hedge fund managers who identified cracks in the mortgage market in 2005-2007 and attempted to bet on a collapse in the market for mortgage-backed securities (MBS). In particular these managers noted that underwriting standards on mortgage… Read more