Los ancap suelen preguntarse «¿y quién decide qué se debe controlar y qué no?» Hay que pensar que no es una pregunta trivial, y hay dos reflexiones importantes a este respecto. La primera es que la tendencia a gobernar sobre amplios aspectos de la vida social por alguien que tenga un monopolio o quasi-monopolio de la violencia es inevitable, lo que hace que el proyecto … Seguir leyendo Democracia o Barbarie

—- Who Are TheBiggestLosersFromTheEM Crisis // ZeroHedge SomeveryrelevantobservationsfromLouisGaveofEvergreenGaveKal WhoWillTheEmergingMarkets Crisis AdjustAgainst? In last summer’s emerging market sell-off, India was very much at the center of the storm: the rupee collapsed, bond yields soared and equity markets tanked. The Reserve Bank of India responded by raising rates while the government introduced harsh restrictions on gold imports. Promptly, the Indian current account deficit shrank. So much so … Seguir leyendo Who Are The Biggest Losers From The EM Crisis

—- Democracyvs. Inequality // WhyNationsFail President Obama’s State of the Union address promised a renewed focus on economic inequality in the last two years of his administration. But many have already despaired about the ability of American democracy to tackle increasing economic inequalities. Indeed, wage and income inequality have continued to rise over the last four decades during both periods of economic expansion and contraction. … Seguir leyendo Democracy vs. Inequality

—- GeneticEngineeringINCREASESPesticide Use, DECREASESCropYield // TheBigPicture GeneticEngineeringCompaniesPromisedReducedPesticide Use … But GE CropsHaveLedto a 25% IncreaseInHerbicide Use One of the main selling points for genetically engineered crops is that they would use substantially less pesticides than conventional crops. Because of that, and other, promises regarding GE crops, they have taken over much of the food crops in America. For example: Monsanto reports that – between 2008 … Seguir leyendo Genetic Engineering INCREASES Pesticide Use, DECREASES Crop Yield

—- India’s Central BankGovernor: "InternationalMonetaryCooperation Has BrokenDown" // ZeroHedge India’s recently crowned central bank head (and predecessor of the IMF’sNostradamalOlivierBlanchard), Raghuram Rajan, has not had it easy since taking over India’s printer: with inflation through the roof, and only so much scapegoating of gold as the root of all of India’s evils, Rajan announced an unexpected 50 bps interest rate hike two days ago in … Seguir leyendo India’s Central Bank Governor: «International Monetary Cooperation Has Broken Down»

—- Dead–Cat–BounceDies As NikkeiDropsOver 400 PointsFromUSHighs // ZeroHedge Mixed data from Japan did nothing to excite and while markets oscillated for a few hours after the US close (and subsequent pile-driver from AMZN), they are now unwinding most of the dead-cat-bounce seen during the US day-session. Japanesestocks are backatfresh 2-monthlowswiththeNikkei 225 under 15,000 (downover 400 pointsfromday-sessionhighs) and testing debt-ceiling lows. JPY strength has driven USDJPY … Seguir leyendo Dead-Cat-Bounce Dies As Nikkei Drops Over 400 Points From US Highs

—- EmergingmarketstormspreadstoRussia as roublewobbles —- Shared via myfeedlyreader Seguir leyendo Emerging market storm spreads to Russia as rouble wobbles