The Ignorant World and What to Do About It

Source: American Institute for Economic Research.

Take the Gapminder Test.

The first link above sets up the second. Most of us (I include myself) are embarrassingly ignorant about statistics. This is understandable in a way. Statistics as a discipline is difficult and arcane. But this is not understandable in a way, too.

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Are Monarchies Better for Economic Growth? Here’s What the Empirical Evidence Says.

Source: Mises Institute.

The writer’s observations are interesting in several ways.

First, they validate the hierarchy of government systems Plato asserted 2,000 years ago: Monarchy, Aristocracy, Democracy, Tyranny.

Second, they show that self-interest operates in a government system just as it does in a market system.

Third, they suggest that government may have a natural, but absolute, size limit.

Is This the Most Interesting Idea in All of Science?

Source: Substack.

The word engram refers to “a presumed encoding in neural tissue that provides a physical basis for the persistence of memory.”

Neuroscientists presume that engrams exist in the same way that biologists once presumed that a feature of living cells contained the mechanism of inheritance. Since we know that memories are persistent, there must be a molecule or substance that records and stores them. That would be the engram, but we haven’t found it yet.

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Derek Chauvin Guilty on All Counts

My go to pundits on legal matters seem to agree that Chauvin’s trial was fair and the rule of law was upheld. I am very glad to hear that.

For what it’s worth, I disagree with the verdict. It seems to me that drugs, poor health and his own reckless behavior are the actual causes of Floyd’s death. I think it unfair for Chauvin to bear the brunt of blame under these circumstances.

I accept that justice doesn’t belong to me, but I see little cause for optimism in this particular verdict.

Biden’s Amtrak Infrastructure Scam

Source: Mises Institute.

The writer explains that Stumble Joe’s Amtrak upgrade cannot honestly be described as an “investment” because there is no possibility that adding new operations will increase “profits” from which taxpayers will earn a return. Instead, adding new operations will only increase the cost that taxpayers pay for Amtrak.

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