Friday, October 26, 2012

Meet the Best ASEAN Economy in 2012: Booming Laos, Powered by Liberalization and the Informal Economy

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Which has been ASEAN’s best performing economy in 2012?  Well it’s not what the politically blinded domestic media and politicians thin...

Quote of the Day: The Knowledge Problem

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As with Hayek’s work, central to Pennington’s book is a deep understanding of the knowledge problem.  This of course involves understandi...
Thursday, October 25, 2012

Video: Glenn Beck On Obama's Dangerous Middle East Policies and the Role of the Late Ambassador Stevens

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In the fol lowing video, m edia personality and American conservative Glenn Beck, like putting the pieces of jigsaw puzzle together, n eat...

Guns Acquisition Spree by US Government: For Whom The Bells Toll

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Retired Major General Jerry Curry in an Op Ed as ks to whom has the massive gun buyin g spree by the US government direct ed at? [ via Pro...

Germany’s Bundesbank Consolidates Gold Holdings

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Possibly in response to German’s federal authorities call for the audit the gold holdings of their central bank, the Bundesbank —which has ...

Quote of the Day: The Limits of Experience

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what we know about our action under given conditions is derived not from experience, but from reason. What we know about the fundamental c...
Wednesday, October 24, 2012

Chart of the Day: More Economic Freedom, Lesser Corruption

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This striking chart from the Economist exhibits a t ight correlation between economic freedom and corruption perceptions which illustr...

Sanctions Against Iran Spurs Burgeoning Use of Gold as Money in the Middle East

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US sanctions against Iraq has been promoting the use of gold as medium of exchange in the Middle East, particularly the Iran-Turkey-Dubai c...

Quote of the Day: Infrastructure is the Effect of Economic Progress

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Nor is it true that a substantial infrastructure is a precondition of development….  The suggestion that ready-made infrastructure is nece...

Shadows of the 1987 Black Monday Crash?

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Bespoke Invest has a spooky chart which tries to paint a parallel of the S & P 500 today with the infamous October 19 th Black Monday ...
Tuesday, October 23, 2012

China and Pakistan Concludes Bond, Currency Swap Deals

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China’s Dr. Jekyll and Mr. Hyde’s relationship with the world continues While China’s yuan may hardly be reckoned or considered as an ...

Steve Forbes: Bring Back the Gold Standard

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Steve Forbes, editor in chief of business magazine Forbes calls for the return of the gold standard  From Forbes.com A new gold sta...

Quote of the Day: The Fiction of the Mass of the People

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Representative government cannot express the will of the mass of the people, because there is no mass of the people; The People is a ficti...
Monday, October 22, 2012

Bastiat on the Twin Doctrines of Luddism and Mercantilism

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The great French proto-Austro libertarian Frédéric Bastiat exposes the fallacies of the twin doctrines of Luddism (opposed to modern techno...

Asian and Emerging Market Currencies Confronts the US ‘Our Currency, Your Problem’ Dilemma

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Former US Treasury Secretary’s John Connally’s famous comment about the US dollar where he said was “our currency, but your problem” seems...

How the US Government Spends Money

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When government lavishes away the economy’s scarce and valuable resources through the acquisition of unsustainable levels of debt for the b...