Nov 15, 2018

The Economics of the Lottery Recently I bought a lottery ticket, costing $2, to put my hat in the ring in hopes of winning a lottery.  Why did I do it? What is the economics of this bet? To begin with, I’m a believing — and struggling — Catholic.  Perhaps the top atheist of all time is Richard Dawkins (The God Delusion).  He has all the up-to-date...

Nov 3, 2018

China Expands its Power While the West is obsessed with “jobs, jobs, job,” – that is, economic growth – and while its leaders are obsessed with winning the next election, China is quietly taking over the world’s economy.  And, as a consequence, they are moving towards their hoped for eventual dominance of the world (the goal of many great nations throughout...