Wallis Chan

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Shocks, Crises, a...
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Lululemon and the...
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Embers of the Han...
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J.D. Vance
“I remember watching an episode of The West Wing about education in America, which the majority of people rightfully believe is the key to opportunity. In it, the fictional president debates whether he should push school vouchers (giving public money to schoolchildren so that they escape failing public schools) or instead focus exclusively on fixing those same failing schools. That debate is important, of course—for a long time, much of my failing school district qualified for vouchers—but it was striking that in an entire discussion about why poor kids struggled in school, the emphasis rested entirely on public institutions. As a teacher at my old high school told me recently, “They want us to be shepherds to these kids. But no one wants to talk about the fact that many of them are raised by wolves.”
J.D. Vance, Hillbilly Elegy: A Memoir of a Family and Culture in Crisis

Christian Rudder
“Twitter, Reddit, Tumblr, Instagram, all these companies are businesses first, but, as a close second, they’re demographers of unprecedented reach, thoroughness, and importance. Practically as an accident, digital data can now show us how we fight, how we love, how we age, who we are, and how we’re changing. All we have to do is look:”
Christian Rudder, Dataclysm: Love, Sex, Race, and Identity--What Our Online Lives Tell Us about Our Offline Selves

Martin Wolf
“This book aims to learn from that mistake. One of its goals is to ask whether Minsky’s demand for a theory that generates the possibility of great depressions is reasonable and, if so, how economists should respond. I believe it is quite reasonable. Many mainstream economists react by arguing that crises are impossible to forecast: if they were not, they would either already have happened or been forestalled by rational agents. That is certainly a satisfying doctrine, since few mainstream economists foresaw the crisis, or even the possibility of one. For the dominant school of neoclassical economics, depressions are a result of some external (or, as economists say, ‘exogenous’) shock, not of forces generated within the system.”
Martin Wolf, The Shifts and the Shocks: What we've learned – and have still to learn – from the financial crisis

Armistead Maupin
“Laugh all you want and cry all you want and whistle at pretty men in the street and to hell with anybody who thinks you're a damned fool!”
Armistead Maupin, More Tales of the City

J.D. Vance
“Barack Obama strikes at the heart of our deepest insecurities. He is a good father while many of us aren’t. He wears suits to his job while we wear overalls, if we’re lucky enough to have a job at all. His wife tells us that we shouldn’t be feeding our children certain foods, and we hate her for it—not because we think she’s wrong but because we know she’s right.”
J.D. Vance

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