Sunday, March 8, 2026
a condition..................
Smith then inquired into wealth’s causes. He didn’t inquire into the causes of poverty. Smith understood that that poverty is humanity’s default mode. Nearly all people before Smith’s time — and still most people during his time — were mired in poverty. Poverty is simply the condition we suffer when wealth isn’t created. Wealth, not poverty, demands explanation because wealth, not poverty, has causes.
- Don Boudreaux, from here
My uncle is pretty smart..................
He collected over 28,000 forecasts made by 284 political analysts, economists, foreign policy bigwigs, and all the usual loud-talking necktie people. What Tetlock found (and I’m condensing 20 years of depressing data here) is that the average talking head was terrible at predicting real-world outcomes.
Not “mildly off.” Not “in the ballpark.” I mean barely better than chance. Turns out your uncle screaming at the TV is statistically equivalent to a CNN pundit in a bowtie.-Eric Barker, from his post, 4 Secrets to Smarter Thinking
Just the facts....................
If your favorite media outlet has you confused about what is going on in the Middle East, one idea would be to check in with the Institute for the Study of War blog. Until proven differently, it will be my go-to site.
It's the little things..................
From ancient times until now, wise men and women who wanted to make the world a better place didn’t start with some grandiose plan for others. Instead, they practiced the “make your bed” philosophy, where real change most often starts with self-improvement.
-Jeff Minick, with his list of seven ways
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