Why We Are Seer Suckers

Scott Armstrong from the Wharton School of Business of the University of Pennsylvania gave us the Seer Sucker Theory: “No matter how much evidence exists that seers do not exist, suckers will pay for the existence of seers.” A seer is someone who is able to peer into the future, Continue Reading →

Solving Symptoms with National Strategic Agenda

No Labels, a bi-partisan group of politicians and interested parties, has developed and is heavily promoting a National Strategic Agenda as the key to America’s future. The idea is to get to the core and solve the big problems. It is at least plausible, removing partisanship from politics by focusing Continue Reading →

Mixed Signals From the Market

Seven long years after the burst of the bubble economy, unemployment is finally below 6%. Corporate profits are high and the stock market is up. It looks as though everything is peachy, economically speaking. Or does it? Some things just don’t add up. While unemployment declined, the percentage of the Continue Reading →

Control the Controllable

The world is extremely complex, both as a physical reality and as a collection of social groups and human relationships. That complexity would seem to present an impossible barrier to accomplishing anything, but most of us seem to navigate through our lives with some degree of success. Complexity doesn’t mean Continue Reading →

Negative Interest and Pretense of Knowledge

The European Central Bank (ECB) announced its new attempt at stimulating European economies using negative interest rates on reserve deposits. That means that banks keeping reserves at the ECB will have to pay instead of receive interest on them, all in an attempt to get them to lend money. In Continue Reading →