Category Archives: Economics

One of Forbes new billionaires: El Chapo

Joaquin Guzman, “El Chapo,” head of Mexico’s Sinaloa cartel, has been recognized by Forbes as one of this years new billionaires. El Chapo (Shorty) narrowly escaped an assassination attempt by a rival cartel in 1993. A few weeks later he … Continue reading

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Chicken and Egg

Does Africa get aid because it is poor or is it poor because it gets aid? A Kenyan economist speaking to Der Spiegel thinks the latter. Readers?

Posted in Abyssinia, Economics | Tagged , , , , , | 5 Comments

Ask Yourself

The Economist has a great cover article on the current state of globalization, and the report is not good. Since 2001 the pay of the typical worker in the United States has been stuck, with real wages growing less than … Continue reading

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Stealing steel

From the Economist’s weekly newsletter on Tokyo: Tokyo’s street furniture is falling prey to thieves. Mountains of pavement gratings, storm-drain covers and electrical cables are being moved from the capital along the bay to Yokohama, where ships are said to … Continue reading

Posted in Economics, Nippon | Tagged , | 5 Comments

Jihad Tax

I recently had the opportunity to attend a seminar on foreign investment in Libya, which has spent this year making great efforts to attract overseas investment in its oil fields. American, Japanese, and French countries are winning the largest number … Continue reading

Posted in Arabia, Economics, Theology & Religion | Tagged , | 5 Comments

Canadian squeaky wheel politics

Ha ha! Lucien Bouchard, a former big whig separatist from the Parti Québécois, has stirred the “poutine”: by telling his fellow French Canadians that they don’t work hard enough. “He said”: “Quebec trails Ontario and the United States in economic … Continue reading

Posted in Economics, New World | Tagged , | 6 Comments

Defending against the Ignominy of Heathenism since 1857

The motto “In God We Trust” was placed on United States coins largely because of the increased religious sentiment existing during and after the Civil War. Secretary of the Treasury Salmon P. Chase received many appeals from devout persons throughout … Continue reading

Posted in Economics, New World, Theology & Religion | Tagged , | 39 Comments

Economic Determinism v.s. Human Nature

Norman Angell was a British Labour politician who wrote The Great Illusion in 1909. It was eerily prescient. Angell wrote that the then common belief that increased trade would end war was simply not the case. Human will always want … Continue reading

Posted in Economics, Future Threats | Tagged , | 13 Comments

Independence Inc.

Not long ago, I discussed the idea of a coming wave of microstates. One of the objections of some to independence for small areas like Kosovo or Abkhazia not to mention huge obstacles, is a lack of qualified people to … Continue reading

Posted in Democracy, Economics | Tagged , | 13 Comments

Fiscal Responsibility Or Hands Off?

In summer of 1989, Romanian dictator Nicolae CeauÅŸescu repaid Romania’s debt in full, and early. The ostensible reason was to make the country financially independent and free from the “economic imperiaism” of the West. At least part of the real … Continue reading

Posted in Economics, Illyrium, Muscovy | Tagged , , | 14 Comments