Long gone are the days when economists thought deeply about how life actually works. Adam Smith, Adam Ferguson, Anne-Robert Turgot – the great "moral philosophers" – all died hundreds of years ago. Since then, the trade has gone bad. They're all numbers guys now. An economist, of the modern variety, is a statistician...an extrapolator...and a mountebank. If numbers go up two months in a row, he predicts they will go up another one. He rarely stops to ask whether his numbers really make any sense.Bill Bonner on Bubble Deniers.
Logic and Resurrection
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Some Christians say they cannot believe in the resurrection of Jesus. This
is *not* *logical*. If God cannot raise someone from the dead, he is not
much of...
1 week ago
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