Sometimes Old News Are Good News
- Category: Free Market
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About a year or so The Economist published the article titled "The future of Factory Asia - A tightening grip" where it describes the continually raising wages of Chinese people. This article is interesting because although it was published by a bastion of mainstream economics (yeah… the type that does not work), still managed to get all the facts right… although… they didn't push these facts to their ultimate results.
Let's…
Are Taxes Pay-As-You-Go Payments?
- Category: Taxes
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Many people tolerate taxes because they believe that taxes are some sort of payments for things they are using. If that is indeed the case, then it becomes easier not only to tolerate but to agree with taxes. Why wouldn't be so? If we are going to use something, we might as well pay for it to the government. But is it really so? Are taxes Pay-As-You-Go Payments?
IN FAVOUR…
Why Nothing In Your Life Is Fair - Part 2 of 2
- Category: Politics
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ABOUT GAMES AND CHEATERS
When a game is rigged the only solution is not to play. Trying to change the rules of a rigged game it's pointless because you do not control the game. The very idea that you can fix a political system by "adjusting" the concept of fairness inside such system it's a fallacy. You can only adjust fairness inside of a political system within the boundaries that…
Why Nothing In Your Life Is Fair - Part 1 of 2
- Category: Politics
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A few days back we published the article Fairness Is Asymmetric where we outlined how fairness works in real life within our current political system. We showed you that fairness only works in favor of yours and our political masters. It never works in your or our favor.
Today we are going to take a deeper look at your psyche in order to help you understand how you have been brainwashed…
How Not To Fix Government Infrastructure Costs Overruns - Part 2 of 2
- Category: Bureaucracy
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THE SOLUTION
Now that the article has outlined the "problems", it delivers the "solutions" (yeah… don't laugh). And what are the recommended cures to the problems that the article outlines?
Enhance performance monitoring, reporting, and information sharing:
Aha. Uhu. This is actually a strange recommendation considering that apparatchiks and bureaucrats live immersed in a sea of numbers and reports. What exactly it's enhanced monitoring, reporting and information sharing going to…
How Not To Fix Government Infrastructure Costs Overruns - Part 1 of 2
- Category: Bureaucracy
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A few days back we received an interesting article or to be more precise some sort of bulletin issued by the IMFG "Institute on Municipal Finance and Governance" titled "Cost Overruns on Infrastructure Projects: Patterns, Causes, and Cures". This article attempts to provide some sort of analysis followed by recommendations as to the reasons why government projects have the nasty tendency to fail when it comes to costs and timelines.…
The 2008 Disaster Was Caused By The FMV
- Category: Austrian Economics
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Okay, we all know what happened in 2008. On the surface most spin doctors blamed the insatiable banks for loaning money to people that they absolutely knew will not be able to repay them. If we dig deeper and look for a more "root" cause, we will find that the low, low interests that central banks held for many years created the situation because they unleashed oodles of "easy money".…
Nonsensical Rioting Is Bliss, Even In South Africa!
- Category: Free Market
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A few months back, to be precise around October last year, there were riots in South Africa. Bloomberg, as usual, emphasized the emotional value instead of looking at what was behind. They publish an article titled "Disenchantment fuels S. African student riots". On the surface the protests were about Universities planning to rise tuition fees. However these protests took place in a gloomy economic environment. The finance minister presented a…
History Repeats Itself… Are You Bored Yet?
- Category: Government
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How would you feel if you were working tirelessly for "the greater good" sacrificing your family, life, and everything else only to see your achievements being trashed and you being slapped in the face like a punching bag?
Well, this is how Esraa Abdel-Fattah feels now days. She was one of the main activists that helped ignite the revolution in Egypt in 2011 in order to get rid of the…
