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post hoc ergo propter hoc

Talking About Drugs Backward

By |2017-03-01T16:39:01-05:00March 1st, 2017|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

The greatest mistake any statistician can make is to confuse correlation for causation. It is quite natural to do so, of course, a limitation not limited to modern society where information can at times seem limitless. There are also cases where you are left with little other alternative. But within them requires even more robust evidence and more thorough examinations, [...]

The Fatal Conceit of Politicians

By |2012-03-18T18:08:10-04:00March 18th, 2012|Economy, Markets|

Thinking Things Over              March 18, 2012 Volume II, Number 11:  The Fatal Conceit of Politicians       By John L. Chapman, Ph.D.                                                                                                                     Washington, D.C. The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design.                                                                                                                                                 -- F.A. Hayek, The Fatal Conceit On March 15 the S&P 500 Index closed at 1404, [...]

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