FGM 

@fgm1

Give me 50:50 odds on a 55:45 or 60:40 coin, and I'll take that bet if I can do so 100 times in a row (and I know the direction of bias of course). But for a single $1000 bet? No thanks.

Presidential elections happen every 4 years. No casual observer has a sufficient sample size to calibrate their political instincts. A sequence of 10 coi…

55/45 is a really close race
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What if Carter didn't run the political business cycle in reverse? Prioritizing the Iranian hostage's lives and appointing Paul Volker killed his Presidency. You do something like that early in your administration, not near election year.

Or that's what I thought in the 1980s and 1990s. Reagan showed us the public relations advantages of …

Jimmy Carter's First Century.