Good News: Crime is Down. Bad News: Nobody Knows

There are many philosophers who claim that the most rational default mental position is one of pessimism; while I understand where they are coming from (pessimistic people are more careful, more discriminating), I have to disagree. Given sufficient evidence, I think we should be as pessimistic or as optimistic as is justified by the situation; [...]

Keynes Vs. Hayek

Prediction is a Fickle Mistress

I have often been skeptical of people who claim they can predict and understand something as complex as what some economists call ‘the market’; and I’m even more suspicious of politician’s predictions:

This graph should speak for itself.

Some people will try to use this information to say the stimulus and recovery plans are [...]

Game-Theory and Economics Explained in 4-Minutes

Watch as Prof. David Zetland explains how to sell a dollar for more then a dollar:

What does one TRILLION dollars look like?

Why don’t you follow this link and find out?

I love visual aids.