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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 …