Frack You!
- Category: Government
- Hits: 1851
User Rating: 0 / 5
In the article "Thousands of people attend anti–fracking demonstration in California " the Spanish newspaper El Pais reported about the large demonstration going on in California (USA) against the practice of fracking, Basically, they are saying Frack You! to the governor.
Fracking is a method of extracting oil but primarily natural gas from rocks where it would otherwise not be possible. A short explanation follows. The soil is drilled and…
Affirmative Action Strikes Japan
- Category: Regulations
- Hits: 31752
User Rating: 0 / 5
The so–called "Affirmative Action" was an executive order signed by the US president J.F.Kennedy in 1961. This order decreed that from that point on, the US government would enact practices to hire with disregard as to race, religion or natural origin. Latter on sex was added to the list. As with any other ridiculous policy the US comes with, the world followed; and why not? Politically speaking it was…
Adulterated Milk Tales
- Category: Bureaucracy
- Hits: 31739
User Rating: 5 / 5
A few days back the newspaper Folha de Sao Paulo reported about the findings of the Public Ministry of Rio Grande Do Sul. Apparently almost 300,000 liters of adulterated milk belonging to the leading brand Leader of Parmalat are being sold in the cities of São Paulo and Paraná. But Brazilian population should not fear since the government is here. Prosecutors "unleashed" a new wave of persecutions with oneperson being…
Voting Games
- Category: Politicians
- Hits: 1743
User Rating: 0 / 5
Politicians are sooooo clever. They play silly games with voters. They are not only unhappy with the current political process which pretty much guarantees their independence from the voters; they want more. They want the power to decide for the voters at and duringthe voting process. This is to because they want people to vote because it legitimizes their tyranny; the only pesky problem is that people tend to vote their…
Lesson #204 - GDP: Keynesian's Voodoo Economics - Part 4 of 4
- Category: Lessons
- Hits: 3053
User Rating: 0 / 5
REAL GDP
There is one more piece of information worth considering that we can calculate with relative ease. We know that the GDP accounts for all final goods and services over one year. We also know that to a large degree that manufacturing output is being stimulated artificially by Government Spending, mainly through printing. We also know that eventually printing makes it to the market and prices rise. We…
Lesson #203 - GDP: Keynesian's Voodoo Economics - Part 3 of 4
- Category: Lessons
- Hits: 2892
User Rating: 0 / 5
THE REAL GDE
So far we have seen how the GDE provides a much better insight as to how markets work and why Monetarist remedies not only fail to cure economic illnesses but make them worse.
In a Free Market, the calculation of the GDE would be straightforward because there would be no Government Spending. Alas, because of the existence of government, things change dramatically.
In order to be…
Lesson #201 - GDP: Keynesian's Voodoo Economics - Part 2 of 4
- Category: Lessons
- Hits: 2953
User Rating: 0 / 5
THE NEW GDP
It is clear that if we want to understand the economy a better measurement of manufacturing capacity or wealth is required.
Before we go any further, let's remember that we abide by Austrian Economics and as such we reject all mathematical models simply because they don't work. We cannot use these models to forecast anything. However, having said that, we must also point out that studying…
Lesson #200 - GDP: Keynesian's Voodoo Economics - Part 1 of 4
- Category: Lessons
- Hits: 2967
User Rating: 0 / 5
In this lesson we are going to try clarify why is that "normal" economic data makes no sense to you and why is that such data does not reflect how you "feel" the economy. Be warned. By the end of this lesson you will probably end up leaving even more confused than when you entered!
ECONOMIC MUMBO–JUMBO
We have all heard the pseudo–scientific mumbo–jumbo that government economists routinely spin…
Seductive Ideologies
- Category: Politics
- Hits: 31384
User Rating: 5 / 5
People's beliefs are always true because they are personal decisions. However, the premises upon which those ideologies are built upon may be true or false and herein lies the problem. As human beings we are marked by evolution. Our bodies and our very brains (and therefore minds) are improvementsover older, most basic such organs. Although this is good, it also means that we carry within us the baggage of…
