Regulators Suffer from Uncommon Sense
- Category: Banks & Banking
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Today The New York Times published an article titled “At JPMorgan, Trying to Do the Right Thing Isn’t Enough”.
It’s supposed to be a cautionary tale about how difficulty is to maintain big banks within regulatory rules. To be precise, they mentioned how Stephen Cutler (Securities and Exchange Commission chief of enforcement 2001 – 2005) was all fire and brimstone while he was up, and now that he works for JPMorgan,…
Lesson #033 - The Value of a Life
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This lesson will focus on issues dealing with damaging other people’s bodies specifically with the most serious one: death. However, in order to be able to arrive at meaningful conclusions, we need to determine what is the value of a life in an Austro-Libertarian system.
As Libertarians we promised that we won’t lie to you and we are honoring this promise. Be aware that the contents of this article will…
The Great Libyan Terrorist Threat
- Category: Decentralization
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No, Gaddafi did not come back to life and did no re-establish the "Great Socialist People's Libyan Arab Jamahiriya" with all its baggage of supporting international terrorism. Now the situation has turned upside down. The Libyan newspaper The Tripoli Post reports in its article: Libyan PM Tells FDI Libya in London: “The State is Under Threat from Terrorism”. Bizarrely enough, Libya itself is now under the threat of terrorism.
Don’t…
Lesson #032 - The Rights of the Child - Part 3
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DAMAGE
What happens if the child is hurt by somebody in a situation where the guardian(s) could not have possibly forecasted; something that is far beyond their control? For example, the child is injured in school due to a construction accident.
The parents are still responsible for the damage. We need to make this absolutely clear. For as long as the child remains un-emancipated, the parents are fully responsible and liable…
In Brazil They Will Build Them but Nobody Will Come
- Category: Government
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Browsing through our regular newspapers, we spotted an article in the Folha de Sao Paulo titled “Government already is considering resuming roads that would be auctioned”.
Summary: Brazil needs new roads (or so the government says). Therefore, the administration is auctioning the creation of those roads to the private sector on the agreement that they will be toll-roads. The problem is that many of those roads are simply too expensive to…
Lesson #031 - The Rights of the Child - Part 2
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Case #4
Abandonment
What happens if the child is born and the mother or father disappears leaving the child alone? In our current system, governmental social services or some other such organization will place the child into some sort of facility or temporary home care. Sounds good, right? It’s not. If you look at statistics to see how these organizations are doing anywhere in the world (particularly in the US…
Greece Bites the Dust
- Category: Government Debt
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In today’s edition of the French newspaper Le Monde, there is a cute little summary describing the troubles Greece is facing. It would be funny if it wouldn't be affecting so many people so needlessly. Greece is in a death spiral. We saw this before, we told you so and we showed you the model Greece will follow. In short, Greece bites the dust.
The newspaper reports that:
- SNCF (the…
Lesson #030 - The Rights of the Child - Part 1
- Category: Lessons
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In today’s society, the rights of the child are codified in many laws and regulations. You may have noticed, however, that in the Master Contract there are no such provisions. This may seem unusual, but it is so because it is not necessary. All you need to know can be deduced.
To make matters simpler, we will divide the explanation in cases. Let’s begin.
Case #1:
A couple, man and…
The Gods Must be Crazy
- Category: Church & State
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The new-and-improved pope Francis is about to take the world for a spin. After all the efforts that John Paul II put into ensuring an iron clad conservative line of rulers to maintain the Catholic Apostolic and Roman (CAR) church in the straight and narrow road. How is it possible that after most of the Curia (churches’ princes and voters) were handpicked by Wojtyła, they go an elect a Latin…
