Delanceyplace

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  • The Problem with the Gold Standard

    In today's excerpt – the gold standard. In recent political debates, there have been calls for a return to the gold standard. This standard states that holders of paper money can redeem it for gold, and banks –...

  • Technology will Exceed Humanities Growth

    In today's excerpt – the accelerating pace of change. I began my career in financial services in the late 1970s. In my first decade in that industry, there were only a handful of new products introduced, and the...

  • The Two Systems of Cognitive Processes

    In today's excerpt – thanks to the work of Daniel Kahneman and others, we now increasingly view our cognitive processes as being divided into two systems. System 1 produces the fast, intuitive reactions and...

  • History Disrupted

    In today's excerpt – a disruption in history. Most people assume that history is a gradual continuum from the past to the present, each century being a little better and a little more populous than the prior one,...

  • Political Alliances - The KKK and the Anti-Saloon League

    In today's excerpt – the alliance between the church and the Ku Klux Klan that was crucial both to enacting Prohibition and the maintaining it for thirteen years. Prohibition began in 1920 and lasted for...

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