Economics Made Simple

Economics Made Simple

Feudalism
You have 2 cows. Your lord takes some of the milk.
Socialism
You have 2 cows. The govenment takes them and puts them in a barn with everyone else's cows. They are cared for by ex-chicken farmers. You have to take care of the chickens the government took from the chicken farmers. The government gives you as much milk and eggs the regulations say you should need.
Russian Communism
You have 2 cows. You have to take care of them, but the government takes all the milk.
Cambodian Communism
You have 2 cows. The government takes both and shoots you.
Bureaucracy
You have 2 cows. At first the government regulates what you can feed them and when you can milk them. Then it pays you not to milk them. Then it takes both, shoots one, milks the other and pours the milk down the drain. Then it requires you to fill out forms accounting for the missing cows.
Capitalism
You have 2 cows. You sell one and buy a bull.
Surrealism
You have 2 giraffes. The government requires you to take harmonica lessons.

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Economics Made Simple

Spanish speaking bloggers blogging in English

Sounds like somebody is finally thinking... What a world of opportunities would a chap like me bring to you and your business, were you to consider the posibilities of my linking you to thousand other Spanish speaking folks like me?

I found the post below at one of the best blogging scenes on the planet:
Boing Boing

Spanish-speaking bloggers blogging in English: an aggregator
Blogger and communications professor Jose Luis Orihuela in Pamplona, Spain says: "Thanks to Víctor Ruiz, an idea that's been around for a long time -- an RSS aggregator for feeds of English-language blogs from Spanish-speaking bloggers -- has finally launched. A beta version is available here: Link." There's more background (in Spanish) in this post on Jose Luis' blog: Link

posted by Xeni Jardin

Technorati tags: blog,
weblog,
search,
directory,
community,
web directory,
web search,
search engine,
boing boing,
mark frauenfelder,
cory doctorow,
godsdragon,
david pescovitz,
xeni jardin,
john battelle,
pop culture.

worldometers.info

Some quite interseting facts about the world we live in...

worldometers.info

The data is somewhat correct for 2003-2004 years and most of the times for 2005 too.
• Requires JavaScript
• Uses your computer's clock, so if you are curious how much we will have HIV-infected in 2050 then just change your system time to 2050. Please note that it will just calculate values based on current statistics.
• Please note that we're unable to "track" recent events like earthquake or war fatalities, since there are no available to public statistic about such events.
• There are known compatibility issues with some browsers, like Konqueror or Safari. Please use IE, Opera, Mozilla or Firefox if you see some weird or negative counters (for example ~2 billions in current population, while ~6 billions is correct). Sorry for the inconvenience, but there's no way to fix it at this time.
• Do not use for exact calculations.

Lessons for Geeks and Nerds and Us...

Maybe we all can learn what is being done right in India that is taking the bread and butter away from American workers, instead of winning and complainning about outsourcing, and pointing the finger somewhere...Oops! not these emotional words from an Economist...
It would be interesting to have a few geeks here and there, put together with the few Economics geeks and nerds to figure it all out!...
The first things I noticed are:
Partying has to be out. For good...I think that is what the post tastes to me...
Another thing was that those guys really worked together to have a blog like that!
Anyway, just my two cents...(before taxes and before indexing inflation into them)

The Indian Economy Blog

I Want To Rock & Roll All Night..
September 12th, 2005 by Prashant Kothari
And write code every day?!


The computer programmers arrived in the United States unknown to each other but united in their quest to rock.

On the surface, they were not unlike many others who have left India over the past decade on the H-1B visa, a guest worker program for highly skilled professionals. They wore glasses and mustaches and collared shirts. They could exterminate Y2K bugs and code Java and link Unix.

But as they toiled in cubicles, they dreamed of banging on keyboards of a different sort, of a world where C-sharp is just a musical note, not computer code.

read more...

Bush allows Katrina contractors to pay below prevailing wage - Sep. 11, 2005

I have not blogged much of anything really worth mentioning lately in view of the latest tragedy our country suffered as a result of Hurricane Katrina. So here is some pertinent economic news and actions that President Bush is taking to handle the issue... Fiscal policy versus Monetary policy are the root topics regarding these actions.

Bush allows Katrina contractors to pay below prevailing wage - Sep. 11, 2005: "Bush lifts wage rules for Katrina
President signs executive order allowing contractors to pay below prevailing wage in affected areas.
September 11, 2005: 11:59 AM EDT
Video: More video
President Bush suspends part of the law protecting wages paid by federal contractors in rebuilding effort. CNN's Lisa Sylvester reports.
Play video

WASHINGTON (Reuters) - President Bush issued an executive order Thursday allowing federal contractors rebuilding in the aftermath of Hurricane Katrina to pay below the prevailing wage."

read more...

Technorati tags: Katrina,President,economics,fiscal policy

Quote Details: John Kenneth Galbraith: Under capitalism, man exploits... - The Quotations Page

Under capitalism, man exploits man. Under communism, it's just the opposite.
John Kenneth Galbraith
US (Canadian-born) administrator & economist (1908 - )

LatinFocus - The Leading Source for Latin American Economies

Publication Overview
The LatinFocus Consensus Forecast is the most dependable source of economic analysis available for Latin America. Within a single publication you get the essence of research conducted by the world’s leading economists. This monthly country-specific and regional publication gives you a precise picture of the current state of affairs and the future developments in the seven largest markets in Latin America (Argentina, Brazil, Chile, Colombia, Mexico, Peru and Venezuela) plus a snapshot of four smaller economies (Bolivia, Ecuador, Paraguay and Uruguay). Our Latin America forecast summary places developments of the regional economy and individual economies in a broader international context, offering a consensus forecast for all of the major world regions, including the United States, the European Union, Japan and Developing Asia for comparative purposes.

read the rest of the article...