Purpose Logos is the Greek word for logic but has had many different meanings at different points in history. In the bible, the Christians referred to Logos as the word of God and from which all things were made. Aristotle recognized Logos at reasoned discourse, the logic behind an argument. The Stoic philosophers interpreted Logos […]
This story was originally posted by the Mises Institute Dusty Wunderlich | Published March 3, 2024 There is a grand economic fable that has been unfolding over the past two decades, one filled with mythical creatures and great fantasy. The main character of this fable is the grand wizard of the markets, The Federal Reserve. Like […]
The definition of entitlement is the belief that one is deserving of or entitled to certain special privileges or others property. Much of the narrative in modern Western culture centers around this definition in one way or another. Headlines are riddled with stories of entitlement and in many instances this behavior is being embraced. What […]
There are thousands of bureaucrats and politicians around the country that are touting their centralized economic development strategies as works of genius. But when you look under the hood of what is actually being said and done there is significant logical fallacies behind these efforts. The most common being circular reasoning and broken window fallacy […]
The promise of big data and artificial intelligence to change society is an exciting concept to behold. The Economist highlighted data as the most valuable commodity in the world on the cover of their magazine, replacing oil for the top spot. Bigger and bigger sets of data matched with greater computing power is bound to […]