Tuesday, January 28, 2014

Walter Block: Why 'Social Justice' Should Not Be Thought in Schools

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[update: I changed the title of this post] I have communicated with the great Austrian economist Walter Block , I offered to publish some...

Quote of the Day: The typical way tyrants gain power

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The strategy for want-to-be tyrants is to demonize people whose power they want to usurp. That’s the typical way tyrants gain power. They ...

Signs of Emerging Bank Runs?

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One can sense trouble when banks impose limits on depositors withdrawal (or even ask depositors reasons why the have to withdraw large amou...

ASEAN Crisis Watch: Indonesia’s bond market selloff accelerates

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A few days back I wrote Indonesia’s first successful offering at the start of the year represents the initial tranche of the “record ID...
Monday, January 27, 2014

Quote of the Day: Measuring nothing (with great accuracy)

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The weight of a television set has nothing at all to do with the clarity of its picture. Even if you measure to a tenth of a gram, this pr...
Saturday, January 25, 2014

Phisix: A Bull Trap and the Switch to a Global Risk OFF Mode?

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Know how to listen, and you will profit even from those who talk badly-Plutarch I was supposed to write about Japan as one of the poten...

Quote of the Day: The vision of the left is a vision of themselves

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The vision of the left is not just a vision of the world. For many, it is also a vision of themselves -- a very flattering vision of peopl...
Friday, January 24, 2014

Quote of the Day: Why you don't need equations to understand economics

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Stripped of his numbers an economist would have to resort to the old home truths about how the world works: If you tax something you get l...

Infographics: Prison Inc. USA

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Some numbers on the US Prison industry (hat tip zero hedge)   Source: Online-Paralegal-Degree.org Let me add: Half of the federal p...
Thursday, January 23, 2014

Thailand's political nightmare exposes her financial fragilities

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Following an escalation of political violence, Thailand’s government declared a 60 day emergency rule yesterday The New York Times repo...
Wednesday, January 22, 2014

Quote of the Day: Colonial Nationalism and Anti Colonial Nationalism

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If nationalism inspired two incompatible movements, how should we evaluate it?  You might just call it a wash: Nationalism giveth, and nat...

PBoC Injects 255 Yuan to Calm Debt Jitters, Asian Stock Market Celebrate

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China’s financial markets “hooked” on liquidity injections, got another shot in the arm with 255 billion yuan of reverse-repurchase agreeme...