Confessions of a Racecar Driver
Last week we got an email from a reader named Daniel Herrington. He had just finished listening to our podcast, “The Upside of Quitting,” and wanted to tell us about a big quit he’s been pondering recently.
Daniel is a 25 year-old race car driver. He’s also an engineering graduate student at Duke. On the race track, he’s had enough success to keep at it: he’s won at Chicagoland Speedway, and had multiple top ten finishes. But it’s not quite enough to convince him that racing’s the right path. The sport is super expensive; plus, Daniel’s success has been a bit spotty. He’s only completed 2 full seasons in the last 7 years. Keep at it, and he might wind up a star. But he could also end up a middle-aged, burned-out race car driver with no other career to fall back on. So Daniel is hedging and pursuing a graduate degree.
Daniel agreed to answer some of our questions. The result is an honest, revealing piece, one that (especially given the tragic death of Indy Car driver Dan Wheldon last weekend) sheds light on the tough decisions many young drivers face, where they have to weigh the considerable risks of the sport against its obvious thrill. Read More »
America, the Underpopulated?
A recent editorial in The New York Sun argues that all this political bickering about immigration among Republican candidates misses an important truth: America is actually underpopulated. From the article:
[N]ot a single Republican candidate has spoken up for the idea that America is an underpopulated country. In terms of population density, it is, at 83 persons a square mile, an impoverished country, barely a quarter of the rich density of China, which is running way behind India. America just has enormous room for population growth.
And a desperate need.
What do you think, readers? Is America under-populated? Would Montana and Wyoming, for example, benefit from a few more people?
(HT: Paul Kedrosky)
FREAK-est Links
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Evaluating Teachers: What About Doing it the Old-Fashioned Way?
As part of our ongoing obsession with improving public education, we bring you a new study from Jonah E. Rockoff of Columbia Business School and Cecilia Speroni, a former doctoral student at Columbia’s Teachers College, that explores the power of objective and subjective teacher evaluations. While an emphasis on merit pay and test scores can lead to widespread cheating (as covered in this week’s Freakonomics Marketplace podcast), not to mention the occasional Matt Damon outburst, Rockoff and Speroni offer a potential glimmer of hope for the old-fashioned approach: the study finds that subjective teacher evaluations for New York City teachers had strong predictive power for future student performance. Here’s the abstract: Read More »
and 
. If you haven’t seen it yet, the movie features Steven Levitt and Stephen Dubner, and was made by a dream team of documentary directors. Paste Magazine named it one of the 