A Politician That Got One Thing Right
- Category: Politicians
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In Tanzania an independent lawyer (Jumaa Mhina) has decided to run for a parliamentary seat. This is of course, a daily occurrence and quit boring. What interests us is his point of view regarding unemployment. Basically, he understands that capital (in terms of money is necessary) but also that know-how, skills and talent are a constituent part. This is, in essence, what Austrian Economics teaches. Capitals are comprised of many…
The Consequences Of Getting Free Stuff
- Category: Socialism
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People in the developed world typically expect free stuff from the government. Free healthcare, free schools, free food, free housing, free clothing, free, free, free. Most of the time, they get it (because politicians want to buy votes) and this presents a very large problem.
There is a story told about a former President of the US, Richard Nixon. His Secretary of State, Dr Henry Kissinger, was briefing him in…
Electioneering Nonsense
- Category: Government
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Ireland is going to face a new general election no later than 3 April 2016. As such most political parties are gearing for the “event”. One such political party is the newly-formed Social Democrats which is yet another re-shuffle and re-wiggle of the old Social / Democrats / Laborers / Socialists parties. Yes, re-brand and re-sell . What the heck! If it works for products it should also work for…
The Death Penalty Is An Economic Issue
- Category: Law
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The Korea Institute for National Unification published the “White Paper on Human Rights in North Korea 2014”. In it, the KINUdescribes the results of their investigation with regards to several issues including the right to life, liberty and security, the right to due process, the right to equality and so on. It compares the situation in North Korea in 2014 against international standards or processes. We know that North Korea is…
Suggested Price Controls In The Philippines
- Category: Free Market
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Governments and their bureaucracies never sleep since they are busy implementing “initiatives” for the greater good. One such initiative is the Philippine “Price Act” (Republic Act No. 10632) which is called “An Act providing protection to consumers by stabilizing the prices of basic necessities and prime commodities and by prescribing measures against undue price increases during emergency situations and like occasions and for other purposes”
The original idea (quite dumb)…
Propaganda By Any Other Name
- Category: Libertarianism
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We exist to open the eyes of those who want to see. Yet, we do not claim that ours is the enlightened path. We only claim that we can help you to find yours. Strange as this may seem, this is actually at the core of Libertarian beliefs, this is, the idea that we are individual, independent and therefore unique. This does not mean that we cannot achieve cooperation and…
The HOV Effect
- Category: Politicians
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A few days back we published the article The Highway From Hellwhere we described the mis-management and downright stupidity of a government in Canada. We also pointed out the so-called “solutions” that the current government is implementing to “deal” with the issue. One such solution was the assignment of High Occupancy Vehicle (HOV) lanes. These lanes are supposed to be used only by vehicles carrying two or more passengers, supposedly…
The Great Chinese Dilemma
- Category: China
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Since June 12, the Shanghai Composite Index tumbled by 30 percent (take a look at the picture below). Obviously the investors are nervous and fretting. Obviously “something must be done”. Obviously the Chinese government will do something. Obviously companies will so something else. And obviously the market will do something completely different from what was anticipated! What a wonderful confirmation of Austrian Economics!
Governments hate major drops in their indices…
Toothpaste Criminal In The Venezuelan Workers’ Paradise
- Category: Communism
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A couple of days back, the Venezuelan actress Vanessa Senior attempted to purchase 4 toothpaste tubes in a store. The store owner objected because of legal restrictions on purchases for basic household items. The limit for toothpaste tubes is two. The actress did this on purpose and on camera as a demonstration against the severe limitations in Venezuela on… well… about just any article you may care to pick. This…
