Wenzel on the Minimum Wage

Your lecture of the week this week is Robert Wenzel pretending he is in a lecture hall, and explaining why 2 + 2 can never equal 5, no matter how many academic studies try to prove otherwise. In other words, Wenzel specifies why deductive reasoning is more important in economics than studies are, and what…

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Skin in the Game

Nassim Nicholas Taleb is a genius. I have read two of his books, and his approach to finance and markets is revolutionizing the industry. Whether it be the concept of Black Swans, the application of Mandlebrotian distribution curves to financial events, or the Via Negativa as a way of life, the guy sure seems to…

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Conspiratorial Lectures – Foreign Policy

Two lectures this week will take you two hours. They are worth it. The first is a discussion by John Perkins, author of Confessions of an Economic Hitman. Perkins spent years working for government contractors, bribing foreign governments. Our Keynesian leaders still abide within the fallacy that there is a fixed amount of pie to…

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