Economics Politics Randomness Risk Statistics

Modern Political Absurdities II

Part 2 of 2 Continued from Part 1 As one might anticipate, the wealth process is dominated by what we call a winner-take-all effect. In America, going back to our founding, those with money and privileges have tended to try to control the process. Sadly, we should acknowledge that there is a non-insignificant proportion of […]

Economics Life Politics Randomness Statistics

Modern Political Absurdities I

Part 1 of 2 Last night (February 20, 2020) at the Democratic presidential debate in Las Vegas, NBC News’ Chuck Todd asked 2020 candidate former New York City Mayor Michael Bloomberg if he should exist right after Bernie spouted off on some drivel about the average American and their economic plight. SANDERS: We have a […]