The Truly Dismal Science
In science, you start with a hypothesis. Then you conduct an experiment to see if your hypothesis is true. If the experiment proves the hypothesis wrong, you throw it out and come up with a new hypothesis based on what you’ve learned. I guess economics must not...Learn to Earn: Investment Newsletters and Investment Books
For the past 20 years, a newsletter based in Annandale, Virginia called the Hulbert Financial Digest (866-428-6568) has been keeping track of the performance of other newsletters. Of the original ones it monitored, only 17 remain, and, at last count, the model stock...Europe vs. America
Things looked so clear in the immediate aftermath of 9/11, when the forces of civilization stood on one side and the barbarians on the other. The very evening after the attack, President Bush announced that “America and our friends and allies join with all those...Marxist Molly Ivins Flunks Economics
Upset with President Bush’s tax cut plan, columnist Molly Ivins warns that America’s more well-to-do taxpayers might go out and doing something unproductive if the government seizes a smaller portion of their incomes.”There’s no...Capitalism and Job Safety
What is essential for safety is not bureaucratic regulation, but free, motivated human intelligence and judgment, which includes a consideration of the costs of achieving greater degrees of safety.