Author: Steve Murch

No, Denmark is not a Socialist Country.

Socialism is where the government owns or substantially controls the means of production and distribution of goods. (Cambridge Dictionary, Merriam-Webster) Nations like France, Germany, Sweden, Norway, Denmark, Canada… are capitalist nations. They are market economies, not centrally planned and controlled economies. Please correct your friends when you hear them say […]

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Survivorship Bias

In WWII, researcher Abraham Wald was assigned the task of figuring out where to place more reinforcing armor on bombers. Since every extra pound meant reduced range and agility, optimizing these decisions was crucial. So he and his team looked at a ton of data from returning bombers, noting the […]

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