Homo Economicus can vote, but chooses not to

Interesting lecture, put out by the Adam Smith Institute, about The Lessons of Public Choice Theory. It turns out that democracy is a less efficient system than the free market. For example, voters rationally remain ignorant because their input in…

Separating the Wheat from the Chaff

From Coding Horror: Separating Programming Sheep from Non-Programming Goats I learned of a paper, The camel has two humps, which describes a test that allows teachers to differentiate students likely to do well studying computer science from those who will…

Will the US Experience Hyperinflation?

“Inflation is always and everywhere a monetary phenomenon.” — Milton Friedman. First, we should observe the circumstances under which hyperinflation can occur. Hard Specie A government using a hard specie such as gold and silver coins, still tends, as a…

Promotion of silver as a form of money

I sent the following letter to Mike Maloney, CEO of GoldSilver and WealthCycles. Let’s see if he answers back. Promotion of silver as a form of money. You and I both share a preference for the GOP candidate Ron Paul,…

Expert Tutors

Carl Wieman (who won a Nobel for deepening our understanding of Bose-Einstein condensation) lays out some of the important findings and methodology in his talk “Science Education in the 21st Century: Using the Tools of Science to Teach Science“. In…

Using Science to Teach Science

I’ve recently absorbed American RadioWorks feature on “Tomorrow’s College“. Especially interesting was the program “Don’t Lecture Me, where the story of some physicists gathered data about the learning and understand of their students, only to discover that the traditional lecture…