Gold, Hedges and Correlations

Today I'm going to touch on a sort of theme I have here and that's regarding on how to assess correlated data. How much can we actually read into it? How do we determine that there's a fundamental relationship that, not only holds well in the past but will continue to do so in the future?

To do that I'll be taking a quick look at gold and why I consider the "inflation hedge myth". In short, gold is not an inflation hedge. At least not on any reasonable time scale.

That's an Empirical Question: Part IV

This is the 4th part in a series called "That's an Empirical Question". For the other parts of this series see here:

Part I
Part II
Part III

I think this one deserves an appropriate subtitle.

Is Induction Always Empirical?

In Part II, I suggested that induction is an important "empirical tool". Assuming that's true, that still raises the question whether all uses of the "induction tool" necessarily amounts to an "empirical investigation".

To explore this, as per usual, I will use an example: The Goldbach Conjecture.

The Problem of Induction

This is a continuation of a series devoted to the question of what an "empirical question" is. See Part I and Part II if you're interested.

One tool that is considered essential to the empirical sciences is induction. It's importance is, in my opinion, overstated by most philosophers (I firmly believe that abduction rarely gets the proper credit it deserves). In spite of that, I do not dismiss its important role in scientific inquiry.