The Mistaken Identity of Prediction Markets

In 1871, the “discovery” of marginal economic analysis soon took a wrong turn, moving towards quantification, data, and mathematics. It is time to “rediscover” the margin, this time the margin as explained by Carl Menger.

Off-Ramp Imminent? Trump Tells World "Go Get Your Own Oil" Via Strait After 'Decimating' Iran There's been a lot of speculation that the White House is preparing to find a 'mission accomplished' declaration moment, as 'any offramp will do' as a way to avoid a costly potential quagmire of introducing ground troops, and we may be seeing the start of one. After comments apparently leaked to The Wall Street Journal overnight that Trump is willing to leave Iran with the Strait unopened, the President has clarified his thinking in his out...

Israeli attacks in Gaza on Tuesday killed at least three Palestinians across the Strip, health officials have told Reuters, as the IDF continues its constant violations of the US-backed ceasefire deal. One strike in Deir el-Balah, central Gaza, hit a vehicle and killed one Palestinian, identified by the WAFA news agency as 32-year-old Ahmad Khaled […]