Daddy, what do you do for a living? Part 4 of 4
- Category: Establishment
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SO, WHAT'S YOUR JOB ANYWAYS? - CONT'D
Zimbabwe - Ministry of Finance and Economic Development
Not a clue when was this one created, but they are famous for bringing you the eye-popping One Hundred Trillion Zimbabwe dollar bill. With this kind of reference, they must be really good at what they do.
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Task |
Translation |
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Management of public debt and portfolio |
Yes, begging is at the top of the list. No money no… |
Daddy, what do you do for a living? Part 3 of 4
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SO, WHAT'S YOUR JOB ANYWAYS? - CONT'D
Japan - Ministry of Finance
Originally created in the 6th century. Their motto should be: stealing from you you since the 6th century!
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Task |
Translation |
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Budget |
Making sure your money is well spent keeping politicians in their jobs. Also to ensure that sufficient "close contact" is kept with the Bank of Japan to make sure sufficient official counterfeit Yens are printed. |
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Tax |
Robbing you. |
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Customs &… |
Daddy, what do you do for a living? Part 2 of 4
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SO, WHAT'S YOUR JOB ANYWAYS? - CONT'D
China - Ministry of Finance
As it is to be expected, in a place where your main capital is people, you will use that capital to create organizations that hire people. Particularly if you are a communist country where everything is controlled by the state. As such, the Chinese economic organization is a maze of competing and ill-defined organizations such as the Ministry…
Daddy, what do you do for a living? Part 1 of 4
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Anybody with kids will recognize this question almost instantly. Most of us have no problems answering it. Most of us either have professions or jobs that earn us money through serving other people's needs. Some of our professions are very high profile, such as teachers and some are very low profile, such as garbage collectors. But no matter what we do and how intelligent we may be (one way or…
Terrorism In France - Here We Go Again
- Category: Terrorism
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Yesterday there was a massive demonstration in France with about 1.6 million people flooding the streets in protest? mourning? demand of justice? misplaced and misguided "national" sense? Who knows, but there they were. You probably read it all in some mainstream media because it was a juicy piece of news. We read it from the National Post - Canadain their article " Paris march balloons into France’s largest demonstration…
Looting In Kenya
- Category: Politicians
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We absolutely love African nations. The more corrupt, the more despicable and the more unstable the better. We already mentioned this some time ago, but it is good to remind it to our readers once in a while. We so love such African nations because they are a crystal clear example of what politicians turly are, no sugar coat and not donkey manure.
In this particular case there is an…
The New US Strategy Against ISIL: Death By Laughter
- Category: War
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We all know how desperately the US wants to destroy ISIS because… well… because… you know… ISIL is so clearly… well… stuff… you know… and the US (as the leader of the free world) cannot and will not stand for it. No sir!
ISIS is, for any intent and purposes, indestructible. Any apparent death not attributable to natural causes will not be a certain death; that much we know for…
Lesson #230 - Austrian Economics For Dummies - Uncertainty
- Category: Austrian Economics
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Life is uncertain. We know this from our empirical experience. Consequently, Praxeology would be incomplete if it would not take uncertainty into consideration.
Uncertainty in Praxeology
Previously we explained that the concept of human action is based on choice. When we act we choose to behave one way and not another. We do so based on our expectation that this behaviour and not the other one will produce the goal…
Deflation And Economic Stupidity In EU
- Category: Economic Cycles
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You may have heard (probably not) that… horror of horrors… EU is now in…deflation!!! Yes, sir! Eurostat confirmed that consumer prices dropped 0.2% in 2014. From this point on citizens and inhabitants of EU will have their ears full of standard Machiavellian…errr… Monetarist idiocy. Let's take a look at few statements (some of them contradictory) to be expected (yet again):
- Inflation good, deflation bad.
- Inflation and deflation are bad.
- Inflation…
