Our Site Is Now Fully Mobile Ready!
- Category: Admin
- Hits: 31177
User Rating: 0 / 5
Our admin team (i.e. me) has been working tirelessly day and night for months (more like half an hour) to convert our website from an already mobile-responsive design to a mobile-responsive design. What? You heard it.
It so happens that the Gods of Search Engines (Google) decided that they will implement a new indexing algorithm based on mobility. What this means is that websites will now also be ranked…
Bureaucrats And Proud! - Part 2 of 2
- Category: Bureaucracy
- Hits: 30803
User Rating: 5 / 5
Be respectful redoux
Because they represent the "authority". This is yet another myth that we are supposed to nod and accept without any discussion. Let's be clear. They do notrepresent anything with very few exceptions. Law enforcement agents such as police or the judiciary do indeed represent the government; apparatchiks do not. Apparatchiks are simply government employees. They do not have the legal right to tell us what it is…
Bureaucrats And Proud! - Part 1 of 2
- Category: Bureaucracy
- Hits: 30750
User Rating: 5 / 5
Very unfortunately, you, us and everybody else on this earth are forced to deal with bureaucrats all the time. It is no secret that we despise them. It is no secret we wish they would all be laid off thus stop wasting our time and hard earned money. Alas, our time is not yet here. Meanwhile however we need to deal with a new plague that seem to have caught…
The World According To Economic Bureaucrats - Part 3 of 3
- Category: Education
- Hits: 1865
User Rating: 0 / 5
ALL THINGS BEING EQUAL
The declared intention of the authors of the paper is to "gauge the degree of fiscal prudence or profligacy for each country over the past several decades".
Their method
In order to do so, they use advanced economic methodologies but with a few twists. The data:
- Excludes periods of defaults
- Excludes wars
- Excludes the 2008 economic debacle
- Hinges on Primary Balances (not Overall Balances)
But nevermind…
The World According To Economic Bureaucrats - Part 2 of 3
- Category: Education
- Hits: 1830
User Rating: 0 / 5
MORE DEBT
Another way of looking at the same data is through what's called descriptive statistics. These are basic statistical calculations that provide some idea of what it is that a bunch of data looks like. We are only interested in a few of them represented in the table below.
Statistical Intro
If we would like to cheat, we would have chosen the Mean values (they look far worse) instead…
The World According To Economic Bureaucrats - Part 1 of 3
- Category: Education
- Hits: 1923
User Rating: 0 / 5
While researching an unrelated topic, we came across a strange piece of economic work whose bibliographic link can be found at the end of this article. It is supposed to be a study about governments and their spending and saving habits. For that, they complied and developed a very interesting database which will probably serve us well in future articles. Today however, we are only going to take a look…
Central Bank "Action"
- Category: Central Banks
- Hits: 11720
User Rating: 0 / 5
The day before yesterday the Swiss Central Bank (yes, Switzerland has one of those nefarious institutions just like any other "modern" democracy and it is called the Swiss National Bank) decided to stop its cap on the Swiss Franc. Basically, the SNB maintained a fix ratio between the Swiss Franc and the Euro to a ratio of 1.2 to 1 for the last three years. The day before yesterday the…
Ask Not...
- Category: Decentralization
- Hits: 2493
User Rating: 5 / 5
The US President JF Kennedy said in its inaugural speech "Ask not what your country can do for you, ask what you can do for your country", and of course, he was grossly in error. This is not to say that his speech writer wasn't a political genius, he was. But regardless of this fallacy, many people have such feelings. Many people believe that they have some sort of duty…
French attractiveness and job markets
- Category: Economic Conditions
- Hits: 1546
User Rating: 0 / 5
Back in November last year the French Agency for International Investment (IFA in French) released its latest "Index of French Attractiveness". This index measures nine "determinant of attractiveness" of 14 OECD countries in terms of labour competitiveness. Luckily enough for French workers, it would seem that this critical issue is improving. France went from the 13th to the 10th position. You can read it all in the article "France wins…
