The Crime Of Currency Speculation
- Category: Currencies
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A few weeks ago Mr. Nabiullina, the head of the Russian Central Bank, declared that they reviewed the laws against "currency speculation" in view towards toughening its criminal liabilities. In other words, there are politicians in Russia who want to punish any person who dares to cross the Central Bank by betting on what everybody knows: that the Ruble is…well…rubble! Luckily enough, Mr Nabiullina believes that the current punishment is…
Constitution? What Constitution?
- Category: Law
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A few days back an article appeared in the newspaper The Star - South Africa titled "Cherish our constitution". In it the authors press forward the notion that it is necessary for South Africans to have access to the Constitution and the Charter of Rights. Should South Africans fail to do so, several problems will ensue. Let's take a look at some of them.
THE FIRST PART
…knowledge of rights is…
Lesson #231 - Austrian Economics For Dummies - Diminishing Marginal Utility
- Category: Austrian Economics
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Before we begin this lesson, and giving the fact that it refers to something called "Utility", it would be nice to know what it is that we are referring to.
Utility
In economics the term utility is extremely important. At its most basic, utility is why economics actually happen at all. We have said before that people act to diminish "uneasiness" and also that when we choose among different options to…
Operation Scorched Earth - The New Economic Policy
- Category: Currencies
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We have mentioned in several occasions that currency wars are gathering steam (see for example The Greatest Show On Earth, Currency Wars II and The Beginning Of Cryptocurrency Wars). Well… they are already here and gaining increasing momentum which means that we are all out of time.
LET'S RECAP
But what are currency wars? Simple. They are a race to the bottom of the devaluation pit. Countries are pitted against each…
Kill, Overkill and Copyright Laws
- Category: Free Market
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Most of us have been following the shutdown of the famous website The Pirate Bay with more than usual curiosity. We are curious to find out in how many ways will this backfire on Sweden, US and, more importantly, Hollywood’s Copyright Enforcers. So far the whole fiasco is right on track. But that’s not what interests us in our article today. What is interesting is the lack of proportional response…
ID First, Think Later - Part 2 of 2
- Category: Bureaucracy
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BRAINWASHED AND PROUD! - CONT'D
Fundamental rights
Then the author of the article goes completely off the rails by stating that people cannot "demand the fulfillment of their fundamental rights" without the DNI. WOW! So much confusion in so little space.
Let's begin by saying that our fundamental rights are those rights we have since birth which are inalienable and this covers literally everything. The state through the use of…
ID First, Think Later - Part 1 of 2
- Category: Bureaucracy
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Yesterday we published the article Argentine And The Bureaucratic Quest To Identify You, where we outlined several lessons we could learn from a person we called Juana in her dealings with the bureaucratic Argentine ID process. During our research of this topic we stumbled across several pieces of information which we did not add to the original article but that are quite revealing and important for our quest. We are…
Argentine And The Bureaucratic Quest To Identify You - Part 2 of 2
- Category: Bureaucracy
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BACK TO OUR STORY - CONT'D
Abroad
She was out of ID and out of luck. Frustrated and fed-up she returned to her foreign country. But there was a problem. Although she did not get her ID document, the paperwork did indicate that she now lived in Buenos Aires. And this was a problem.
According to Argentine law, all people must at all times have their address officially registered by the…
Argentine And The Bureaucratic Quest To Identify You - Part 1 of 2
- Category: Bureaucracy
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Our readers also write, believe it or not. This goes to prove that contrary to our detractor's opinions they do actually think. One of our readers (who shall forever remain anonymous - because even we can't identify him or her) provided us with a classic horror story of bureaucratic stupidity. In the beginning we thought it would be a good idea to print the story as-is, but then we thought…
