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Thinking In GPM Can Overcome MPG Illusion

“How many miles can I drive on a gallon of gasoline?”
“How many gallons of gasoline do I need to travel 10,000 miles?”
Is there anything fundamentally different in these two questions?
Consider the following examples:
Let’s say you drive 10,000 miles in a year on an average. If you have a car that gives you 10 miles-per-gallon (MPG), [...]

Did Research Fundings Influence Economic Policies?

In my post Irrational Economics, I quoted some surprising observations from an article in The Atlantic titled “Dismal scientists: how the crash is reshaping economics.” I wrote:
“What the article says is that a lot of the economics theories that are being used today haven’t advanced at all in the past 80 years or so. While [...]

The Crisis Of Credit Visualized

A video is worth a thousand words. Here is what I just found — a great visualization that shows what led to the financial fiasco: