OXI: The Historically Stupid Vote
- Category: Debt
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Greek people voted en-masse against austerity. Greek people rejected the “generous offers” of the EU and the IMF. Greek people restated their independence. Hurray! For Greek people. And now can we please go down to reality?
This vote is the second in six months where Greek people clearly declared that they want more free lunches and that the EU and IMF must pay for them. It is their Greek-country-given-right to…
The Impossible Trinity - Or Why Mainstream Economics Sucks - Part 2 of 2
- Category: Economic Conditions
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WHY THIS IS STUPID - CNT'D
Free Capital Flow
The idea that free capitals maximize profits thus customer satisfaction thus raising standards of living is absolutely correct. Capitals (if allowed to move freely) always move to places where profit is highest. But high profit means low offer. But low offer means high demand. But high demand means a great deal of people with unsatisfied needs. Get the idea?
Point in…
The Impossible Trinity - Or Why Mainstream Economics Sucks - Part 1 of 2
- Category: Economic Conditions
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There is an interesting economic problem in mainstream economics called the Impossible Trininty or Trilemma. It is a "problem" that has not only puzzled economists since it was first postulated but it has been so far not only verified but blamed for several economic busts.
INTRO
The Trilemma simply states that it is impossible to achieve simultaneously the following three goals:
- Stable Exchange Rates
- Free Capital Flow
- Independent Monetary Policy
Only…
The Right Kind Of Justice In South Africa
- Category: Justice
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Yesterday there were interesting news in South Africa. It would seem that a political group called the “Economic Freedom Fighters” are planning to lay charges against the deputy president Cyril Ramaphosa, the former police prime minister Nathi Mthethwa and the top police management for the deaths of 44 people at Marikana three years ago. You can read all the details in the article “Markana: EFF to lay charges” from the…
ISIS Propaganda versus European Censorship
- Category: Civil Rights
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And here we go again. Every time we believe we are done with ISIS, some bit of new rears its ugly head and we are forced to “do something” about it. Strangely enough, this time is not ISIS who prompted our action but the European so-called Union. It so happens that ISIS is quite tech-savvy and it uses modern propaganda means and tools (typically “social media”) to get recruits and…
Dunbar's Limit And The Implausibility Of Meaningful Governments
- Category: Government
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The Dunbar's number (see Wikipedia) is the "suggested cognitive limit to the number of people with whom one can maintain stable social relationships". Essentially it would seem that for many species there is a maximum number of people with whom we can maintain meaningful relationships. For humans this number is estimated to be between 100 and 250. That's it! What this means is that in the best-case scenario, we can…
The Arrow Of Fear
- Category: Government
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Many people ask us why are we Libertarians and our answer is simple, because governments do not function. Period. Our primary concern is not ethics or morals or religion or "social justice" (what a joke) or anything else. We are pragmatists and as such our only interest is in ensuring the highest level of wellbeing for as many people on earth as possible. Our way to do so is through…
The Fukushima Disaster Should Have Never Happened
- Category: Energy
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Old news, right? Well, not quite. The Fukushima disaster was, how should we put it, oh, yes, a disaster! Human error, design error, human arrogance, human… human… human. You name it they have it. The story is simple. Earthquake produces tsunami. Tsunami hits poorly designed reactors. Reactor 1, 2 and 3 go into meltdown. Reactor 4 fails and later on suffers an explosion. Reactors 5 and 6 do not seem…
Gobbledygook In Corporate And Government Life
- Category: Bureaucracy
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We have all heard technobabble and bureaucratese and legalese and public relations-alese. We sort of tune-out and roll our eyes every time we have to endure it, and with good reason. Gobbledygook is meant to mean nothing, to convey no specific idea, to give the fleeting impression of wisdom and know-how while leaving the door open for even the wildest interpretation. Worst case scenario, it is specifically designed to be…
