RobParenteau: HowtoExitAusterity, WithoutExitingthe Euro http://feedly.com/k/1d4orB4 Yves here. This is an important post by Rob Parenteau which outlines a viable plan for subject nations austerity-afflicted Eurozone countries with reasonably-well-functioning tax bureaucracies to escape their downspiral. I fear the biggest obstacle is not the legal and economic viability of this idea, but that, in a variant of Stockholm syndrome, the leadership and elites of many of the … Seguir leyendo Rob Parenteau: How to Exit Austerity, Without Exiting the Euro

HighestRadiationLevelEver, LethalIn 20 Minutes, RecordedOutsideFukushima Reactor http://feedly.com/k/18LDDWV With all the excitement about Japan’s soaring stock market (if plunging wages), crashing non-digital currency (leading to soaring energy prices), recent passage of an arbitrary secrecy bill ("DesignedbyKafka & InspiredByHitler"), and ongoing territorial spat with China, it is almost as if the Abe administration is desperately doing everything in its power, including some of the most ridiculous decisions … Seguir leyendo Highest Radiation Level Ever, Lethal In 20 Minutes, Recorded Outside Fukushima Reactor

Ikea’sSpanishServersCrashWhen 20,000 PeopleApplyFor 400 Jobs http://feedly.com/k/1d6vucJ A few years back, we were stunned whenwereportedthat as a result of McDonalds’ first hiring day in 2011, the company retained the services of 62,000 very qualified line cooks and other minimum wage workers. What was stunning is that one million Americans applied for these jobs, or a 6.2% success rate, or just a fraction above the 5.8% admissionrateatHarvard. … Seguir leyendo Ikea’s Spanish Servers Crash When 20,000 People Apply For 400 Jobs

BitcoinCrashes, Loses HalfOfItsValueInTwoDays http://feedly.com/k/1bq0AgK It was inevitable that a few short days after Wall Street lovingly embraced Bitcoin as their own, with analysts from BankofAmerica, Citigroupand others, not to mention the clueless momentum-chasing, peanut gallery vocally flip-flopping on the "currency" after hating it at $200 only to love it at $1200 that Bitcoin… wouldpromptlycrash. And crash it did: overnight, following previously reportednewsthatChina’sBaiduwould follow the PBOCinhaltingacceptanceof … Seguir leyendo Bitcoin Crash

ExGreekFinMinWarns "Europe’sNorth-South Divide Has Become A Time Bomb" http://feedly.com/k/1bnxH0v AuthoredbyYannosPapantoniou (Greece’sEconomy & FinanceMinister 1994 to 2001), originallypostedatProjectSyndicate, As theeurozonedebt crisis has steadilywidenedthe divide betweenEurope’sstrongernortherneconomiesandtheweaker, more debt-ladeneconomiesinthesouth (withFrance a kindof no man’slandeconomyinbetween), onequestionisoneveryone’smind: Can Europe’smonetaryunion – indeed, theEuropeanUnionitself – survive? While the eurozone’s northern members enjoy low borrowing costs and stable growth, its southern members face high borrowing costs, recession, and deep cuts in incomes and … Seguir leyendo Ex Greek FinMin Warns «Europe’s North-South Divide Has Become A Time Bomb»

Córdoba onPraxeologyandEconomics http://feedly.com/k/18fnt7J The paper below attempting to defend Misesian praxeology and show how two of its axioms can be formally written and proved will no doubt excite interest from Misesian apriorists: Michael Oliva Córdoba, “OntheFoundationsofPraxeologyandEeconomics,” 28 May 2013. http://www.philosophie.uni–hamburg.de/Team/Cordoba/Materials/oc_Foundations–PraxEcon-05-final_2013-05-28.pdf There is also an audio talk here and a forthcoming paper (Cordoba 2014). But a reading of paper reveals surprises. It appears to me that … Seguir leyendo Córdoba on Praxeology and Economics