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I can prove anything with statistics, except the truth — Lord Canning, c. 1819 Does Canning’s aphorism still hold true, given that data collection and statistical analysis have progressed beyond all recognition in the last two hundred years? This article tests that proposition. It is still true, because of the interests for which statistics are deployed. We know, or should know, that CPI indexation of prices fails to reflect the true rate of decline in the purchasing power of fiat currencies. That is at least a simple case of governments saving money on indexation. But being economical...

Aquinas and Human Action Following are some notes from this two-part talk (all quoted items are paraphrases, hopefully reasonably accurate): It is taken for granted that human agents have free will or free agency – we have the experience, day to day, of being confronted with options and being able to opt between such options.  This offers a truncated picture, a picture of lower appetites. This is David Hume’s “reason,” when he wrote: “Reason is, and ought only to be the slave of the passions, and can never pretend to any other office than to serve and obey them.”  It is the r...

by Robert Murphy via Mises Amid the controversy over GameStop, many cynics argued that something sinister was clearly afoot because the hedge funds had shorted 138 percent of the outstanding shares. In this article I’ll review that particular claim, as well as another seemingly dubious practice, so-called naked short selling. My conclusion is that shorting more than the total outstanding shares isn’t perverse or fraudulent, whereas naked short selling—depending on the context—might be. A Review of Short Selling Before diving into the specific variants, let me first explain the ...

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