Hayek’s “The Road to Serfdom” - the illustrated version.
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Monthly Archives: December 2008
A State or a Company?
December 10, 2008 – 7:51 pm
From “The Economist” (December 6th, 2008):
Germany’s Bayern LB received a €30 billion ($39 billion) (…)* rescue, €10 billion of which came in the form of a capital injection from (…)** Bavaria, part-owner of the Munich bank.
Before I tell you what I have skipped - if it was not obvious that Bavaria is a German state, how hard […]
Buffett on Newton
December 9, 2008 – 10:34 am
This is a wonderful quote from Warren Buffett:
Long ago, Sir Isaac Newton gave us three laws of motion, which were the work of genius. But Sir Isaac’s talents didn’t extend to investing: He lost a bundle in the South Sea Bubble, explaining later, ‘I can calculate the movement of the stars, but not the madness of […]
Just Watch It
December 9, 2008 – 12:19 am
After watching it for the second time I am now convinced that Stephen Gaghan’s “Syriana” (2005) is one of the best movies from the political fiction (?) genre ever made. Loosely based on CIA agent Robert Baer’s memoir (“See No Evil”) it tells parallel stories about merger of two oil companies, fierce fighting for rights […]
Polish Economic Policy is a Mess
December 8, 2008 – 1:32 pm
“Stability and Development Plan” (PDF in Polish) is an initiative of Polish government aimed at saving domestic economy from potential consequences of expected economic downturn in 2009 and 2010. It is a fascinating lecture:
Page 5 mentions rising excise taxes on alcohol and imported cars that is expected to bring additional PLN 1140 mln of tax revenue […]
Polish Energy Market is a Mess
December 8, 2008 – 9:41 am
Consider these facts:
Polish Energy Market Regulatory Authority (URE) claims that expected average price for energy in wholesale contracts signed for 2009 are at the level of PLN 220 (around USD 75) for 1 MWh.
URE is considering making it mandatory to trade energy through commodity exchanges like Polish Energy Exchange (POLPX or TGE). This regulation would be similar […]