Economics for the Intelligent Amateur

With all the News outlets, Blogs and Editorials around, it’s sometimes hard to discern what news you need and don’t need. If you want a place where you can find today’s news stories from multiple sources all in once place, and with links to the original articles, just go to:http://www.currentevents.dumbagent.com/ or click on the [...]

As long-time fans of James Surowiecki, and feeling skeptical about Paul Krugman lately, we thought we’d feature this article from the New Yorker, where Krugman does not seem to be making much sense.
Of course economists, like anyone else, can change their mind. The curious fact is that it seems as though Paul Krugman is merely [...]

Right after we discussed the Flat Tax and its benefits, it seems as though the United Kingdom has decided to take the opposite route and has instituted a very big tax hike across the board.
This seems like a very gutsy move: in a country that is loth to institute a flat tax, to [...]

A recent comment by President Obama serves as a nice segue to bring about the issue of taxes. Being proponents of Free Markets, some may wonder what our stance on taxes is. Of course, in an ideal world we would like taxes to be minimal or non-existent, being able to rely solely on [...]

Marquis de Condorcet devised what we now know as the Jury Theorem in 1785:
Dealing more with political science, the Jury Theorem states that with a majority vote, each person has the probability ‘p’ of making the correct decision. If the probability that each person makes the correct decision is over 50%, then the probability that [...]