A good friend of mine recently posted a link to this old clip of the economist Milton Friedman lecturing Phil Donahue on the (lack of) merits of socialism vs. those of capitalism. The problem with Friedman’s explanation is the problem…
Everyone suffers, to some degree or another, from confirmation bias. That is: the tendency to search for, interpret, or recall information in a way that confirms one’s beliefs or hypotheses. The Wall Street Journal’s recent article, A Magician’s Best Trick:…