Renaissance for Leaders

Exploring leadership & human performance

Why We Need to Debunk the Deficit Myth

We are in unprecedented territory.

Government spending is increasing at an unprecedented rate to deal with the effects of the coronavirus pandemic. Many people worry this could burden future generations. However, economist Stephanie Kelton, author of The Deficit Myth, argues that we need to rethink our attitudes towards government spending.

Could Modern Monetary Theory help us navigate our way out of this crisis – and even help build a fairer economy?

If the government can print unlimited amounts of money to cover and deficit and to sustain spending, why do we need to pay taxes? Food for thought.

Producer: Dan John

Animation: Jacqueline Nixon

Why Incompetent People Think They’re Amazing

Courtesy of TED-Ed.

The Good Life

World’s Longest Study of Health, Success, & Happiness

Harvard’s Grant & Glueck study tracked the physical and emotional well-being of 268 male graduates from Harvard, as well as 456 poor men growing up in Boston from 1939 to 2014. Multiple generations of researchers analyzed brain scans, blood samples, self-reported surveys and interactions of these men to compile their findings.

The conclusions are simple. Close relationships can make or break a person’s well-being, according to Robert Waldinger, Harvard professor of psychology and director of the center behind the study.

Richland: How Do You Make a Country As Rich As Possible?

This video reminds me of both the success and the failure of Singapore.

Philosopher and author Alain de Botton imagines a fictional country called “Richland” and asks a simple question: if you wanted to design a society to become as rich and economically successful as possible, what would you create?

Strong institutions. Law and order. Low corruption. Excellent infrastructure. An educated workforce. Competitive markets. Low taxes. In other words, many of the things Singapore has done extraordinarily well.

But then it gets uncomfortable. Because once you optimize a society for achievement, productivity, competition and economic success, those values don’t stay inside the economy. They seep into everything…

Who you are becomes what you do.

Children learn that achievement brings approval. Status matters. Comparison matters. Keeping up matters. Work becomes identity, and material success becomes evidence that your life is going well. The society becomes incredibly effective at producing wealth… and the people become incredibly effective at producing, performing and achieving.

That is what I find so fascinating about Singapore.

By almost every conventional measure, it is one of the great success stories of the modern world. I love living here, and there is an enormous amount Singapore gets right. But success has a shadow. At some point, the question shifts from, “How do we become richer, safer and more successful?” to “What is all this success for?”

Because if we build an extraordinary economy but people are anxious, exhausted, afraid of falling behind and unsure of their value beyond what they achieve, then we have solved only half the problem.

Jeff Leatham’s Kaleidoscope: Virtual Tour of The Orchid Show

Love Oracles: What is Romance?

The 90% Economy

Why is Singapore so Rich?

How Menopause Affects the Brain

Wanderers

Courtesy of Erik Wernquist. Music by Cristian Sandquist. Thank you Carl Sagan.

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