By mistake I caught an item on the news about the ongoing battle of immunisation which to me seems to be a war being fought by people with a deep understanding of risk and the immunological basis of vaccination and idiots. This graphic sums up the later group. Source – This is Indexed This…
One of the most maligned ideas in economics is the efficient market hypothesis, perhaps because what is actually a rather technical statement about financial market returns is conflated with some entirely different claim about the superiority of free markets over government dirigisme. The EMH has various forms, but in brief its message is very simple:…
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