“The words of my grandfather always go through my head […]. He would always tell me, the only people who survived the Great Depression were those who had money to spend when everyone else was broke. Those who saved while everyone else spent like crazy”.
“I think the best case scenario is that the dollar […]
Here’s a brilliant conference by Hans Rosling on how developing countries are pulling themselves out of poverty. Besides being the most sui generis and amusing talk on economics I’ve ever seen, he presents viscerally the difference an extra $10 per day on income can have in the quality of life.
I was surprised that he […]
Detailed fiat currency article over at Technocrat, with a very spirited discussion on the comments. I completely disagree with Thomas Lord’s points, but an anonymous poster already went through a lot of work calling bullshit! on them. I’d never heard of the Working Group before (more on that group on The Telegraph).
Remember Cramer flipping out? I think we ain’t seen nothing yet.
Singaporean banks try to reassure local investors that they won’t be affected by the sub-prime mortgage problems in the United States. On France, their biggest listed bank, BNP Paribas, freezes $2.2 billion worth of funds and the European Central Bank injects around $130 […]
China has decided to start swinging its economic club, threatening the U.S. to affect the value of the dollar by selling some of the $1.3 trillion and change they own, unless the U.S. backs off the tough trade talk and economic chest banging that Congress has engaged on.
The Chinese government has […]
It’s official. Costa Rica’s educational system has gone down the drain.
I stopped by Torneca today to buy six screws of a specific size. As soon as I arrive at the cashier, their system goes down. A flustered lady singals a bored-looking fellow and asks him to write me a manual bill for […]
Jim Cramer flips out on a CNBC interview and starts yelling about how bad things are for the fixed income market right now. He starts of easy enough with choice bits like
Bernake needs to open the discount window. That’s how bad things are out there. Bernake needs to […]
A delightful podcast with John Allison, chairman of BB&T, about why self-interest is good and how it can help you run a better company. From the EconTalk description:
John Allison, CEO of BB&T Bank, lays out his business philosophy arguing for the virtues of profits, self-interest and production. His definition of […]
I’ve heard many complaints regarding CAFTA, and most of them boil down to the same issue: foreign corporations are bigger, and they’ll swallow our poor competitors whole. People with this argument often use words indicating size, implying that by girth alone these behemoths will squash our tiny industry.
What most of these people actually […]
Greg Mankiw comments succinctly on what I see as the hypocrisy of most people who propose imposing minim wage restrictions on countries as a requirement of free trade (how free trade and restrictions go together is beyond me).
Robert Reich says that, as a requirement for free trade deals, we should tell developing countries to “set […]