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Traditional economic theory suggests that investors are rational decision-makers and, therefore, markets are rational. Anyone who still believes that is doing so in the face of mounting evidence, both in…

It almost seems unfair. Consumers get a break on summer gas prices and that seemingly good thing is actually a bad omen for the future. Gas prices have dropped nearly…

The Mayans were building massive temples, hanging gardens and majestic, beautiful cities when our European ancestors were still slogging around in the mud worshiping forest fairies. Strangely, by the time…

International trade is shaping up to be one of the major issues in this year’s presidential campaign. Donald Trump, the presumptive Republican nominee, is squarely at odds with Republican groupthink…

At least eighty percent of drivers have experienced road rage in the last year and it’s getting worse and the incidents more extreme. In the survey from AAA the truly…

It’s no fun to be the voice of caution and reason when the party really gets rolling. Nobody likes that person in life, regardless of the context. So, with the…

I vividly remember my first tuition bill in the University of Texas educational system. The reason it was memorable was that I transferred there from a private college where tuition…

There are several great con jobs that come in the form of economic theory. The greatest, and possibly most devastating in terms of damage, is the theory that markets are…

Technology advances and, despite the fact we don’t live in utopia, the world is a better place today. We tend to romanticize the “good old days” but few would be…

One of the tricks that magicians use is called misdirection. They use the motion of one hand to distract from the other hand making the switch. Misdirection capitalizes on the…