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Interest Payments 30 Nov -0001 | 12:00 am
How much of Portuguese tax-payer money will go to interest payments in 2013? Zero. Yes, that's right: zero, or almost zero. The interest payments to both private and public creditors will be paid by...
Negócio Sustentável 30 Nov -0001 | 12:00 am
Um qualquer Secretário de Estado dizia que este governo investe em negócios sustentáveis, de futuro. Deu o exemplo de centenas de subsídios para X. Porque todos sabemos que o define um negócio susten...
Minimal State 30 Nov -0001 | 12:00 am
From the on-going Series on irony deficiency: An economics reporter on the radio claimed: This government was ideologically baring the state to its minimum. As a share of the economy, the Portugues...
King's Gambit 30 Nov -0001 | 12:00 am
e4 e5 f4? exf4 Be2!! Who would have guessed? (King's Gambit solved)
Inflation 30 Nov -0001 | 12:00 am
This is an important point). The fear of inflation is not just a German disease. I have yet to physically meet anyone who blamed the Euro for Portugal's problem by complaining of the low inflation re...
Estado de Direito 30 Nov -0001 | 12:00 am
Na série Repúblicas das Bananas: Como diz a Ana Matos Pires, como nunca se pune os criminosos (ai e tal, coitadinhos), tratamos todos por igual: justos e pecadores.
Libertarian Welfare State 30 Nov -0001 | 12:00 am
For the last few years, I have been thinking about something. For the last six months, I have been working on a book about it. For the last weeks, I have started discussing it with friends. Today, I a...
Why Portugal Should Leave the Euro 30 Nov -0001 | 12:00 am
and so should Greece and Ireland, but Italy and Spain can stay, along with Belgium. 1. Here is the evolution of NGDP in the euro zone and a few select countries (normalized to start at 2002): We see...
How to Leave the Euro 30 Nov -0001 | 12:00 am
How to Leave the Euro in a Few Easy Steps: 1) At 18.00 on a Friday evening, announce that (a) the New Escudo will be legal tender for all contracts in Portugal and (b) all existing contracts are now ...
Bankia and the Free Market 30 Nov -0001 | 12:00 am
The Spanish government is bailing out Bankia at the tune of 19 billion euros. For some reason, this massive state intrusion in the economy is being touted by some as a failure of the free market. The...
