Blogentary

Greece And Others: Follow The Path Of Iceland

Map of Journey to Hades Against the wishes of global banks and investors, but with the wishes of its citizens, Iceland allowed its too-big-to-fail institutions to default (i.e., no taxpayer-funded bailouts).  Guess what?  A Great Depression in Iceland didn’t occur. …

A Tale Of Two Recessions

Although we at Coventry League try to think independently more often than not, we are aware that many prefer to outsource their critical thinking to broad frameworks such as political parties and whatnot.  Accordingly, below is a chart comparing the…

Be Wary Of Economists Wielding Short Samples

Correlation by xkcd, a webcomic Oh, the age-old correlation-implies-causation argument. Please reference the blog titled “How to Spot Advocacy Science: John Taylor Edition” posted yesterday by Freakonomics.  It depicts charts prepared by Stanford professor John Taylor and acknowledged by Harvard…