I am old in Haiti. This fact dawns on me slowly over the six days I am there, because there is so much to take in. Mostly I figure it out because I am constantly amazed by how beautiful and healthy everyone looks. But then again, I keep finding myself thinking, people who are 24 often look healthy and beautiful. It’s when you’re 54 that you begin to show signs of wear and tear. I will reserve judgment until I see older folks.
But then, after a while, I realize how few people I’ve seen that are 54, or even 44, or even 39. Almost nobody, in fact. Every now and then a very old person will cross the street slowly, hobbling with a stick for support. On my 6th day there I tried to figure out exactly how old such people were. Maybe not much older than me, in fact.
The statistics, which I don’t look at until afterwards, back up my observation. A third of the population is below the age of 15, half of the population is below the age of 20, and 70 percent of the population is below the age of 30. Probably the places I went, the cities, skew even younger. It looks like about 25% of the women of childbearing age are pregnant, and all of the women are of childrearing age. The population has tripled in Haiti since 1950 and it isn’t slowing down. If anything it’s bumping up because of the devastating 2010 earthquake – women tend to replace their lost babies by even more babies after such events.
This matters because the Haitian land is overpopulated. In fact it’s worse than that: the land suffers from a severe erosion of its topsoil, due to deforestation over the years. In part – get this – Haiti was deforested to repay the debt to France for letting them be free back in the early 1800′s after the (world’s only successful) slave revolt. But it’s continued since then, and when you chop down all your trees, the rains take away your topsoil, which means your land slowly becomes desert. For the most part that’s what it looks like when you drive through. The result is not very much agriculture, and when you combine that with a fast-growing population, you get an horribly unsustainable situation.
In spite of all these problems, and in part because of them, the Haitians I came across seem incredibly nice to me and to each other. Trucks, people, motorcycles, cars, and 4-by-4′s compete for space in the one-lane roads in Port Au Prince but everyone stops dead when a young child needs to cross the street. It is a society that cherishes safety and looking out for one another.
When the water and soda sellers come to our public bus window to offer us drinks, and someone wants a cake instead, or to buy minutes for their cell phone, there’s a scramble by the nearby vendors to find the cake seller or the roaming Digicelwoman. The sellers at each stop form a collective that look out for each other, because if they didn’t look out for each other they’d all be screwed.
The same is true for with any resource. A UN worker we met explained that microfinance researchers are frustrated by Haitians when they try to estimate the impact of their loans, because they keep finding that a family has borrowed money and given it to another family. But if they didn’t share resources locally, all the families in a given neighborhood would be risking too much. It is better to be known as a generous person so that in a time of scarcity people will be generous to you. Your reputation is your most valuable asset.
When I think about how we live here in New York – where I don’t know most of my neighbors’ names, and nobody can see what happens behind closed doors, and we hoard resources except in our most immediate family – I feel like we’re missing out on something valuable. At the same time, privacy is nice, and I don’t think most Haitians have much of that. Not to mention a healthy middle age.
I’m preparing for my weekly Slate Money podcast – this week, unequal public school funding, Taylor Swift versus Spotify, and the economics of weed, which will be fun – and I keep coming back to something I mentioned last week on Slate Money when we were talking about the end of the Fed program of quantitative easing (QE).
First, consider what QE comprised:
- QE1 (2008 – 2010): $1.65 trillion dollars invested in bonds and agency mortgage-back securities,
- QE2 (2010 – 2011): another $600 billion, cumulative $2.25 trillion, and
- QE3 (2012 – present): $85 billion per month, for a total of about $3.7 trillion overall.
Just to understand that total, compare it to the GDP of the U.S. in 2013, at 16.8 trillion. Or the federal tax spending in 2012, which was $3.6 trillion (versus $2.5 trillion in revenue!).
Anyhoo, the point is, we really don’t know exactly what happened because of all this money, because we can’t go back in time and do without the QE’s. We can only guess, and of course mention a few things that didn’t happen. For example, the people against it were convinced it would drive inflation up to crazy levels, which it hasn’t, although of course individual items and goods have gone up of course:
Well but remember, the inflation rate is calculated in some weird way that economists have decided on, and we don’t really understand or trust it, right? Actually, there are a bunch of ways to measure inflation, including this one from M.I.T., and most of them kinda agree that stuff isn’t crazy right now.
So did QE1, 2, and 3 have no inflationary effect at all? Were the haters wrong?
My argument is that it indeed caused inflation, but only for the rich, where by rich I mean investor class. The stock market is at an all time high, and rich people are way richer, and that doesn’t matter for any inflation calculation because the median income is flat, but it certainly matters for individuals who suddenly have a lot more money in their portfolios. They can compete for New York apartments and stuff.
As it turns out, there’s someone who agrees with me! You might recognize his name: billionaire and Argentinian public enemy #1 Paul Singer. According to Matt O’Brien of the Washington Post, Paul Singer is whining in his investor letter (excerpt here) about how expensive the Hamptons have gotten, as well as high-end art.
It’s “hyperinflation for the rich” and we are not feeling very bad for them. In fact it has made matters worse, when the very rich have even less in common with the average person. And just in case you’re thinking, oh well, all those Steve Jobs types deserve their hyper-inflated success, keep in mind that more and more of the people we’re talking about come from inherited wealth.
I’m off to Haiti next week, for a week, with my buddie and bandmate Jamie Kingston. I was trying to figure out what to do with the blog while I was gone, and so I asked sometimes-guest blogger Becky Jaffe to cover for me (some of you may remember her Hip Hop’s Cambrian Explosion series which to this day gets traffic) but by the time I’d explained my trip, she’d decided to come along too! Which is awesome. We’re staying at the Hotel Oloffson in Port au Prince:
So two things. First, if you know of fun stuff to do in the Port au Prince area, please tell me. I tend to like talking to people, and music and crafts, and Becky and Jamie are more into nature and insects.
Second, if you have a lovely or inspiring suggestion for what should happen to mathbabe next week while we’re away, please tell me!
I’ve got a list of things to write about here on mathbabe, and they include the Carmen Segarra secret tapes as well as workplace personality tests. I’ve decided to do a mash-up just for fun, imagining what Carmen had to go through to get her job.
Update: you can send someone the link to this personality test here.
Not sure if you’ve seen this recent New York Times article entitled Learning to Love Criticism, but go ahead and read it if you haven’t. The key figures:
…76 percent of the negative feedback given to women included some kind of personality criticism, such as comments that the woman was “abrasive,” “judgmental” or “strident.” Only 2 percent of men’s critical reviews included negative personality comments.
This is so true! I re-re-learned this recently (again) when I started podcasting on Slate and the iTunes reviews of the show included attacks on me personally. For example: “Felix is great but Cathy is just annoying… and is not very interesting on anything” as well as “The only problem seems to be Cathy O’Neill who doesn’t have anything to contribute to the conversation…”
By contrast the men on the show, Jordan and Felix, are never personally attacked, although Felix is sometimes criticized for interrupting people, mostly me. In other words, I have some fans too. I am divisive.
So, what’s going on here?
Well, I have a thick skin already, partly from blogging and partly from being in men’s fields all my life, and partly just because I’m an alpha female. So what that means is that I know that it’s not really about me when people anonymously complain that I’m annoying or dumb. To be honest, when I see something like that, which isn’t a specific criticism that might help me get better but is rather a vague attack on my character, I immediately discount it as sexism if not misogyny, and I feel pity for the women in that guy’s life. Sometimes I also feel pity for the guy too, because he’s stunted and that’s sad.
But there’s one other thing I conclude when I piss people off: that I’m getting under their skin, which means what I’m saying is getting out there, to a wider audience than just people who already agree with me, and if that guy hates me then maybe 100 other people are listening and not quite hating me. They might even be agreeing with me. They might even be changing their minds about some things because of my arguments.
So, I realize this sounds twisted, but when people hate me, I feel like I must be doing something right.
One other thing I’ll say, which the article brings up. It is a luxury indeed to be a woman who can afford to be hated. I am not at risk, or at least I don’t feel at all at risk, when other people hate me. They are entitled to hate me, and I don’t need to bother myself about getting them to like me. It’s a deep and wonderful fact about our civilization that I can say that, and I am very glad to be living here and now, where I can be a provocative and opinionated intellectual woman.
Fuck yes! Let’s do this, people! Let’s have ideas and argue about them and disagree! It’s what freedom is all about.
I’m very gratified to say that my Lede Program for data journalism at Columbia is over, or at least the summer program is (some students go on to take Computer Science classes in the Fall).
My adorable and brilliant students gave final presentations on Tuesday and then we had a celebration Tuesday night at my house, and my bluegrass band played (didn’t know I have a bluegrass band? I play the fiddle! You can follow us on twitter!). It was awesome! I’m hoping to get some of their projects online soon, and I’ll definitely link to it when that happens.
It’s been an exciting week, and needless to say I’m exhausted. So instead of a frothy rant I’ll just share some reading with y’all:
- Andrew Gelman has a guest post by Phil Price on the worst infographic ever, which sadly comes from Vox. My students all know better than this. Hat tip Lambert Strether.
- Private equity firms are buying stuff all over the country, including Ferguson. I’m actually not sure this is a bad thing, though, if nobody else is willing to do it. Please discuss.
- Bloomberg has an interesting story about online PayDay loans and the world of investing. I am still on the search for someone who knows exactly how those guys target their ads online. Hat tip Aryt Alasti.
- Felix Salmon, now at Fusion, has set up a nifty interactive to help you figure out your lifetime earnings.
- Felix also set up this cool online game where you can play as a debt collector or a debtor.
- Is it time to end letter grades? Hat tip Rebecca Murphy.
- There’s a reason fast food workers are striking nationwide. The ratio of average CEO pay to average full-time worker pay is around 1252.
- People lie to women in negotiations. I need to remember this.
Have a great weekend!
I don’t usually blog about my kids, but my 14-year-old son has explicitly given me his blessing to post his recent stand-up performance at the Gotham Comedy Club:
The look he gives the audience at the end is my favorite part.