Chart: How to Trade the US Elections

 

Cartoon of the Day: Dilbert Explains the Difference Between Economic Ignorance and Political Movement

Dilbert on populist politics (hat tip: NYU Professor Bill Easterly)

Cartoon of the Day: Juggling Bull

From the Tweets of Hedgeye/Pippa Malmgren

Cartoon of the Day: State of California Celebrates Phil Mickelson’s British Open Victory

From rn-t.com:

Of the approximately $2.16 million winnings over the last two weeks from his victories at the British Open Championship and the Scottish Open, Mr. Phil Mickelson, winner of 42 events in the PGA Tour including 5 major championships, will get to keep approximately only $842,000 or 39% of the total earnings as the United Kingdom, Scotland and California take the (61%) rest of his earnings, according to Breitbart.com.  

Updated to add: Here is Thomas DiLorenzo via Lew Rockwell Blog on zero income tax Florida resident native Californian Tiger Woods compared to Phil Mickelson the latter incidentally has put his $7 million California abode on the market

Cartoon of the Day: The Johari Window of Barack Obama

 

hat tip Lew Rockwell Blog

Cartoon of the Day: The Logic of Keynesian Economics

Circular reasoning plus the broken window fallacy.

Thanks to Cato’s Dan Mitchell.

Cartoon of the Day: Greece’s Pro-Euro Victory

This cartoon by Robert Ariail depicting the recently concluded Greece elections gave me a good laugh.

It’s hilarious but that’s the way the Euro crisis operates.

Thanks to Cato’s Dan Mitchell

Cartoon of the Day: Political Insanity

Hilarious one (but true) from Cato’s Dan Mitchell

The above aptly represents the aphorism “Doing things over and over and expecting different results.”

Cartoon of the Day: Wind Power: All the Pain for Zero Gain

From Watts up with That (hat tip Professor Mark Perry)

Cartoon of the Day: Have You Thanked Your Central Banker Today?

Well, have ya? (hat tip Bob Wenzel)

Thank them for this…

Central banking balance sheets at levels never seen in history!

Cartoon (s) of the Day: What Tattoos Say About You

Tattoos represent a form of social signaling.

The graphics below from cracked.com attempt to explain them (hat tip Prof Bryan Caplan)

Cartoon of the Day: The Johari window of Ben Bernanke

Hat tip Professor Antony Mueller

Cartoon(s) of the Day: The Johari Window of Libertarians

From Cato’s Dan Mitchell

From Bastiat Institute (facebook)

Cartoon of the Day: People Power

‎”I do not ask that you place hands upon the tyrant to topple him over, but simply that you support him no longer; then you will behold him, like a great Colossus whose pedestal has been pulled away, fall of his own weight and break in pieces.” -Étienne de La Boétie

(source Daniel Sanchez Mises Blog)

Cartoon of the Day: Damned Lies, Statistics and Correlation-Causation Explanations

Manipulation of statistics to generate causation-correlation explanations is shown below in a spoof.

From Businessweek/Bloomberg

Our pattern seeking instincts has been shaped by our quest for certainty. This has rendered us highly vulnerable to misinterpretation of events and the subsequent distortion of our expectations. Pattern seeking plays well into our cognitive biases. Yet many seek comfort in the confines of statistics, which unknowing to many could be manipulated or skewed to fit into the bias of the presenter for whatsoever purpose/s (often politics).

And this is why we should cautiously be screening or filtering data and opinions for their validity than just to accept them as irrefragable reality or truth.

As Mark Twain once said,

There are three kinds of lies: lies, damned lies and statistics

Cartoon of the Day: Moral Relativism

Source GreatPlay.net; hat tip Stephan Kinsella

Cartoon of the Day: The Greedy 1%

From Bob Gorrell (hat tip Mark Perry)

Cartoon of the Day: Social Security and the Ponzi Scheme

Cartoon by Mike Lester

An apropos quote, which explains the cartoon above comes from Econolog’s Professor David Henderson

There are two main differences between Ponzi's original scam and the Social Security system. The first difference is that Social Security is run by government and, whatever its constitutionality and its questionable ethics, is legal. The second difference follows from the first: Whereas Ponzi had to rely on suckers, the government can and does use force.

Cartoon of the Day: Different Types of Looting

This caricature below is almost an exact depiction of what’s been happening around the world today. (hat tip Mises Blog Jonathan Catalan and Salt Lake Tribune]

Cartoon of the Day: The Krugman Elixir

Hat tip: Mises Blog and sourced from mugnaini.tumblr.com