Uruguay And The Magic Potion
- Category: Keynesianism
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Uruguay is an economic basket case. However, it is far less of a basket case than say… Argentina. But this fact does not preclude its government and economists to make the very same stupid mistakes and use the very same irrational and erroneous economic theories.
The Uruguayan newspaper El Pais- Uruguay has been kind enough to inform us that Uruguayan politicians have obtained the Magic Potion that will "contain" the…
Do As We Say, Not As We Do
- Category: Politicians
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This is one of the most important and basic tenets of all politicians because what they do is secret, while what they say is widely publicized. How convenient.
A few days back, the Romanian newspaper Hotnewspublished an article titled "Romanian Parliament sparks harsh international reactions with vote to provide immunity against corruption charges". It so happens that Romanian Members of the Parliament "adjusted" the Penal Code to provide… wait for…
The African Cookie Jar Temptation
- Category: Central Banks
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At the conclusion of the lavish Africa Union Conference of Finance Ministers held in Abuja (Nigeria), these guiding lights of economic wellbeing declared that appropriate mechanisms should be established to tap sources of capital to finance Small and Medium–Scale Enterprises.
This is so because there is insufficient industrialization and insufficient infrastructure constraining African development. They also added that Central Bankers should no longer be tasked with maintaining price stability, but…
Our Money Or Your Life!
- Category: Government Debt
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Islamabad (that would be Pakistan). The government of said country will establish deep debt markets which are essential to "get rid of commercial banks that had made the Ministry of Finance hostage." At least that's the interpretation that the newspaper The Express Tribuneoutlines in its article "Incoming: New loans of $2.2b to come in next two months". Three cheers for the Pakistani government: Hip! Hip! Hurray! They will fight…
Citizenship As Criminal Offense
- Category: Civil Rights
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We mentioned some time ago that Immigration Policies Are The Ultimate Monopolybecause they restrict the movement of people. Now, there is a new twist in the story. The glorious Motherland (i.e. Russia) is about to decree that all Russian citizens with dual nationality must register their second citizenship with the friendly people from the FMS (Федеральная миграционная служба) or Federal Migration Service which has close ties with the all–pervasive FSB…
Tax Pollution
- Category: Taxes
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As we grow up in this technologic world, we encounter worrying trends. One such trend is pollution. We know that our water is polluted mostly by chemicals (some even placed in there purposely such as Fluoride) and sometimes bacteria. Air is full of particulates and toxic gases. The soil is contaminated with pesticides, heavy metals (Lead, Manganese, Mercury and so on) and other toxins. Our food is, particularly the processed…
Lesson #205 - Weapons Are Dangerous Particularly In Government Hands
- Category: Lessons
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The debate about gun ownership is relatively new. Before WWI it was a non–event. Pretty much anybody anywhere in the world (not subject to paranoid dictators, kings or czars) was able to purchase a gun. Between WWI and WWII some restrictions were introduced. After WWII the restrictions begun to grow exponentially. Today, pretty much anybody in the world would need to jump through a gigantic number of bureaucratic steps…
The Great Mexican Lemon Crisis!
- Category: Free Market
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Don't laugh. This is most certainly not a laughing matter. Lemons are indeed important in Mexico. We don't know how they came to be important, but they are a very important food in their diet. As such, anything that affects their supply causes distress and misery in the population.
THE FACTS
The price of lemons in Mexico used to be in the order of 5 to 7 MXN/kg (Mexican…
Tooth Aches In New Zealand
- Category: Bureaucracy
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On March 25, 2014 the newspaper The New Zealand Herald published an article titled "Dentist tried to cover up instrument mishap". Basically, a dentist snapped a piece of equipment inside a patient's tooth and tried to cover up the incident. And that's it! Then… why do we bother?
THE ISSUE
Because that's not the news. The news is what happened after the patient discovered the dentist's mistake. Well… it would…
