More Central Bank "Action"
- Category: Asia
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In September 2013 we published the article Japan Rewinds Back To 1980where we pointed out that the new Abe-nomics economic policies in Japan will result in yet another economic meltdown in that country. Abe (Japan's new-and-improved) prime minister has decided to take the unholy trinity (tax, borrow and print) for yet another spin. Yup! Taxes are up, up and up in Japan. Yup! Borrowing is up, up, up and up…
Uruguay - When Cash Becomes Illegal
- Category: Taxes
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Not too many people know Uruguay and even less about Uruguay. It's not like it is a hot tourist attraction or a place with intolerable social conflicts or ravaged by a deadly disease or in the middle of bloody civil war. In reality Uruguay is typically in the circles of people "who know" as a place that nothing ever happens. Uruguay used to be a breath of fresh air in…
Cheaters, Liars And Governments - Part 2 of 2
- Category: Politicians
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LET'S MEDITATE
Let's recap and meditate about what those numbers are telling us. To begin with, we set-up our little experiment to illuminate the premeditated decision that politicians make in opposite economic conditions. This is not about how much they borrow (this was already explained in many other articles) but about making the decision to borrow. What this process allows us to elucidate is the state of mind of politicians.…
Cheaters, Liars And Governments - Part 1 of 2
- Category: Politicians
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All politicians are quick to point out how good of an administrative task they have performed over the last period or how good an administrative task they will be performing if only to clean up the mess of the previous administration. Every election we have to endure this goat manure. Every party in the world has their own version of this spinned fairy tale. And every single one of them…
Lesson #236 - Austrian Economics For Dummies - Money
- Category: Austrian Economics
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Today we are going to take a look at the concept of money. What it is, what it isn't, how it works and where does it come from. Let's start from the beginning.
Direct exchange
We have explained in previous lessons how people value some things over others and how when opposite valuations meet we have voluntary exchanges which facilitate the fulfilment of our needs. Kim wants gadget A but…
The Oppressed Economy
- Category: Taxes
- Hits: 1975
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Over the years governments and government-sponsored organizations (i.e. politicians' puppets) have determined that not paying the "fair share" of taxes is evil (as if there would be any reasonable way to determine what that number is). In order to prove this they "sponsor" so-called "researchers" to measure what they call the "shadow economy". One such attempt can be found in the Policy Research Working Paper 5356 from the IMF titled…
The Beginning Of WWIV - Part 2 of 2
- Category: New World Order
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A LITTLE BIT OF THINKING
WWIII was never about east against west or communism versus capitalism. Even during the worst days of the cold war, WWIII was about information. Information was the most important weapon that all superpowers used. Information and dis-information. But for dis-information to work, secrets had to be kept at all costs. And this meant encryption. But this encryption was not used primarily to guard military secrets…
The Beginning Of WWIV - Part 1 of 2
- Category: New World Order
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That's right. This is not a typo. It is WWIV (as in World-War Four). What? You didn't know that WWIII was going on? Silly you. No, not really. WWIII was invisible to most people because it was waged by mathematicians and computer scientists in academic or "black project" settings.
What was WWIII? Oh. That's right. Sorry. WWIII was a traditional cryptographic war race. When a technology appears that will provide…
The So-Called Failure Of Entrepreneurship
- Category: Austrian Economics
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This article is a little bit of an inside story and thus we apologize for it in advance. As you may have heard (or perhaps not), Austrian Economics (see Austrian Economics Compilation) is big about entrepreneurship. This could not be otherwise since Austrian Economics is all about Human Action. Basically, to speak about economics is to speak about how humans act because there cannot be economic activity without people acting…
