Posted By:  zephyr Posted On:  Jul 16, 2008	THE POWERLESS POWERS
Reflections of Fidel: THIS is a serious subject. The summit meeting of leaders of the eight most highly industrialized powers on the planet took place July 7-9 at a mountain retreat on the banks of the Toyako, a lake formed inside a volcanic crater located in the north of the island of...... [view]

Posted By:  deane034 Posted On:  Jul 5, 2008	Don't tell Cabraal
Apparently the German government is doing Zimbabwians a favor by stopping the Munich-based company which provides the 'high quality' paper for the Zimbabwian central bank to print it's bank notes which creates the countries' million percent inflation. The WSJ has more . Incidentally, it's the...... [view]

Posted By:  zephyr Posted On:  Jun 29, 2008	The United States, Europe and Human Rights
Reflections of Fidel: The discredited way in which the European Union suspended its sanctions on Cuba on June 19 has been reported in 16 international press dispatches. It has absolutely no economic effect on our country. On the contrary, the United States' extraterritorial laws and, thus,...... [view]

Posted By:  zephyr Posted On:  Jun 25, 2008	Alan Greenspan Spurs Concerns About Bahamas Tourism
Greenspan spurs concerns about Bahamian tourism: By INDERIA SAUNDERS, Guardian Business Desk - Nassau, Bahamas: WASHINGTON, DC — The Bahamas may have missed out on the Caribbean's most bullish tourism market ever, with no one other than Alan Greenspan telling industry insiders a...... [view]

Posted By:  deane034 Posted On:  Jun 11, 2008	Ajay Shah on Sri Lanka's inflation
A few days ago Ajay Shah, whom I refer to a lot on this blog had yet another excellent piece on inflation . I asked him on his blog, what he thought of the Sri Lankan situation with inflation and repeated claims by the Central Bank of Sri Lanka they are not responsible for it. Inflation hovers...... [view]

Posted By:  deane034 Posted On:  Jun 1, 2008	Privatize the CPC!
Finally some sense on Sri Lanka's idiotic energy policy. Muttukrishna Sarvananthan from the Point Pedro Institute says the needful. Here's a quote from an LBO report : "Sri Lankan consumers of petroleum products are not only paying for the rise in international prices," Sarvanandan said....... [view]

Posted By:  deane034 Posted On:  May 24, 2008	Making sense on Inflation
Ajay Shah points me to this article on this economist article on Inflation on emerging economies, arguing it bare resembles to the great inflation of developed countries in the 1970s. With inflation of about 25% in Sri Lanka and with the Central Bank more or less claiming that inflation...... [view]

Posted By:  deane034 Posted On:  Apr 30, 2008	What's Up With Food?
As you probably know, the world's food prices are soaring. So far I've come across two basic explanations which I find reasonable for the hike in food and commodity prices. Increased demand, constraint supply. This one is straight from your basic Econ 101 textbook. The increase in...... [view]

Posted By:  deane034 Posted On:  Apr 19, 2008	Inflation for Dummies.Take 2
Mises Institute blog recently had an interesting piece by Henry Hazlitt on "everything you need to know about inflation". Here's a key excerpt: The word "inflation" originally applied solely to the quantity of money. It meant that the volume of money was inflated, blown up, overextended. It...... [view]

Posted By:  yajitha Posted On:  Apr 18, 2008	Anti-competitive Activities, the source of rice crisis
Rice, which is the staple food in Sri Lanka, has become the subject of a national issue today. Government appears to being in the dark as to how to tackle issues confronting rice in the context of a market economy. As it is well known, since independence, many successive governments through...... [view]

Posted By:  yajitha Posted On:  Apr 16, 2008	No one to listen to our pleas
“The cost of living is sky rocketing like the Kfir jets,” said an old man standing along the road side with great sigh. He was holding his loaf of bread tightly as though it was something precious. “Yes, soon will have to give up eating,” another old man standing next to...... [view]