"Why Nations Fail: the
"Why Nations Fail: the Origins of Power, Prosperity, and Poverty" by Daron Acemoglu, James Robinson; ISBN 0307719219Two of the world's best and most erudite economists turn to the hardest issue of all:...
View ArticleBonus: German high council
Bonus: German high council will speak on constitutional validity of the ESM june 19Netherlands meanwhile weaseled it through parliament, with a Wilders ESM courtcase still pending. 40B!
View Articletime to
time to thinkhttp://www.veteranstoday.com/2012/05/27/memorial-day-time-to-ask-why/
View Articlethe book is bollocks. It
the book is bollocks. It forwards the premise "prosperity follows from inclusive political institutions" which is like putting the dump cart (politics) ahead of the horse (private sector)even Adam...
View Articlebut do remember, even if alan
but do remember, even if alan blinder didn't say central bankers didn't need to be truthful with the public, he did run a survey of central bankers where such a sentiment was ranked dead last.i also...
View Articleengland prospered while
england prospered while france stagnated because it didn't have private or government toll roads so transportation was easier and cheaper. that's kind of a political decision. i realize you are...
View Articleer, cheap transportation
er, cheap transportation doesn't lead to prosperity, toll roads had nothing to do with Englands advancement over Francepolitical decisions do not improve anything, no businessman pays any attention to...
View Articleengland prospered while
england prospered while france stagnated because it didn't have private or government toll roads...Britain had an extensive system of toll roads ( http://en.wikipedia.org/wiki/Turnpike_trust ) that...
View ArticleThanks for the history lesson
Thanks for the history lesson BigJimNapoleon centralised and actually had a very tasty network of roads built so that communications and troops could get somewhere fast but this did not alot for French...
View ArticleThe Frogs should have
The Frogs should have "invented" laissez faire when they could. ;-)
View Articledoesn't Hollande want laissez
doesn't Hollande want laissez faire spending to generate "growth" ?growth in socialist Govt he means.. we know how that book finishes (it ain't a happy ending)
View Article;-) let me say that even
;-) let me say that even idiocies like socialist spending are a question of degrees... there are some countries that are not socialist and still overspend some 8-10% of GDP. I don't expect France to...
View ArticleActually Britain was the
Actually Britain was the largest common trade area in Europe. I think it was not so much Toll ROADS that you mean so much as Regional Tariffs and protectionism. Britain was an area of free movement and...
View Articlethe president of Bundesbank
the president of Bundesbank has to come out with a strategy to save all global TBTF, hocked to their jock straps, uber-banks, if austerity makes the dominoes fall in contagion waterfall. Calling MAid...
View ArticleFrance controlled Egypt, the
France controlled Egypt, the home of cotton, at the start of the 17th entury when indstrialization took off. But the French King got money for selling the monopoly rights to wool clothing in France....
View ArticleAll very good Herr Richter
All very good Herr Richter but It sounds like Weidmann wants his Black Forest cake and eat it too. What, mein freund, is the answer to the question, "Will they or won't they..... priiiiiiiiiit! And...
View ArticleAh, sustainable growth - that
Ah, sustainable growth - that epic myth - that belies the reality of finite resourses.Someday this fairy tale will end.
View ArticleSince the end game is already
Since the end game is already in play, there is no solution to our predicament. Had we had the foresight and the means to leave the country with some gold in our pocket, we might have had a chance....
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