Tag Archives: Public Choice Theory

Valencia: A Spanish city without medicine

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“Whether by corruption – and there has been a great deal of that – maladministration, or pure bad luck, Valencia is littered with vanity projects that tell their own story.   There is the America’s Cup dock, with huge sheds for ocean-going yachts and a massive white control tower. There is the Opera House – 400 million euros to build, 40 million a year to run – 15 performances a year.  The airport that has never seen a single plane land. The theme park built in a place where the summer heat rises above 40C (104F). The land bought at premium prices that is now worthless.”

http://www.bbc.co.uk/news/magazine-19682049

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Evolution of the IMF Is Directed History

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“The IMF system is being imposed on Western countries. First, bankrupt the nation by lending to corrupt politicos and then come in with the IMF to insist on austerity.  Part of austerity can be profitable to Western interests since various entities under government ownership are often privatized or liquidated.  In the West, public opinion has been fairly sanguine about the depredations of the IMF. But not so now. Europe is aflame today. The problem with the systems that have been created to harass developing countries is that sooner or later their methods of operation will be brought to bear on ‘developed’ ones.”

http://thedailybell.com/4349/Evolution-of-the-IMF-Is-Directed-History

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Detlev Schlichter: U.S. Republicans introduce gold standard debate – mainstream media go mental

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“In many ways, the worst outcome would be some watered down, pseudo-gold standard under the management of the Fed. If the crisis then persisted, which it would, the easy-money advocates would blame everything on the ‘gold standard’ tying the hands of ‘our saviour, the central bank’. This is also a problem for a Romney-win in general, which is unlikely to bring the pro-market changes America needs although his policies will be branded ‘free market’ by the statist media. If Obama remains in office, at least nobody will call his program ‘capitalism’.”

http://papermoneycollapse.com/2012/09/u-s-republicans-introduce-gold-standard-debate-mainstream-media-go-mental/

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The Euro in One Lesson

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“Tom Woods explains, with reference to the work of Philipp Bagus, why the Euro crisis was predictable, and in fact the logical outcome of the incentives built into the system.”

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John Stossel: Rising Cost Of College

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“Stossel looks at some of the dynamics that have caused college costs to skyrocket.”

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Fred Reed: The Eye of Sauron

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“What difference will it make to live in a country in which the government knows everything whatever about everybody, and few safeguards against abuse exist? For most people, at first, probably not much. At first. But for people the government doesn’t like, a lot. Reporters, writers, whistle-blowers, activists, dissidents.  And we are all vulnerable. Knowledge, as someone said, is power. Few of us have spotless lives, or want them.
Things have already reached the point at which writers of my acquaintance, who do not have the power of the Washington Post behind them, have stopped criticizing the government.”

http://lewrockwell.com/reed/reed239.html

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Top 50 Stocks Held by Congressmen

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“The chart below (via OpenSecrets.org) shows the most common stocks among all members of Congress who served during all or part of 2010, ranked by the number of members invested in them, with breakdowns by party. (Note 2010 is the most recent year that data is compiled by OS)”  [A who’s who of ‘indispensable’ corporations.]

http://www.economicpolicyjournal.com/2012/08/top-50-stocks-held-by-congressmen.html

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USDA spends $2M, gets one intern, program fails

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“United States Department of Agriculture (USDA) officials spent $2 million on an internship program that had one intern, as it failed to use properly $63 million in federal funding provided for USDA to protect itself from hackers.”  [It depends on the definition of ‘use properly’.  From their perspective, was it not proper for USDA administrators to line their pockets and ensure the budget is preserved going forward?]

http://washingtonexaminer.com/usda-spends-2m-gets-one-intern-program-fails/article/2504551#.UCU-RJKVCy

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U.S. to buy $170M in meat, fish to help farms hit by drought

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“The latest drought package from the White House would focus on the purchase of up to $100 million of pork, $50 million of chicken, and $10 million of both lamb and catfish products for federal food nutrition assistance programs, including food banks. Officials within the agriculture industry said more details, such as the type and quality of meat that will be purchased, along with the amount, needed to be known to determine if the actions will have any measurable impact on producers.”  [Don’t know if it’ll work, but doesn’t personally cost them anything to try…]

http://www.usatoday.com/money/economy/story/2012-08-13/drought-obama/57039784/1

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