Confidence is A Con Man’s First Name And Government’s Last Scam

Confidence is A Con Man’s First Name And Government’s Last Scam (via http://www.economicnoise.com)

Confidence is important in economics. People spend and invest more when they are confident, a fact which should be obvious. Correlation and causation are not the same. To illustrate, let’s use an example. A rooster crows at the crack of dawn. The crowing and sunrise are correlated because they occur…

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