11:38 am  •  8 December 2011  •  1 note

Jeff Miron on Capitalism

5:19 pm  •  24 August 2011  •  1 note

http://gritsforbreakfast.blogspot.com/2011/07/real-secret-behind-texas-economic-boom.html

Brilliant observation, and true: What’s the secret ingredient to Texas’ much-ballyhooed job creation boom that you’ll never hear from Rick Perry on the presidential campaign stump? Drug Trafficking, says Joe Tone at the Dallas Observer’s Unfair Park blog, offering this quote first reported by Tina Rosenberg in New York magazine:

Jack Schumacher, a recently retired Texas-based DEA agent, says that at least half the drug shipments coming from Mexico stop and offload in Texas. The product is repackaged in small units and resold at a considerable markup, with a share of the gross staying in the state. Even some of the money that gets expatriated to Mexico winds up back in Texas, laundered through Mexican currency exchanges. The state’s relative security is the draw. “If you have a few million,” says Schumacher, “would you invest in a war zone or a bank in San Antonio?” The DEA warns that traffickers are cleaning up their proceeds by buying businesses in South Texas. They also spend on guns, warehouses, security guards—and on luxury cars and houses. “In San Antonio, a high-dollar trafficker can buy a $2 million or $3 million place and exist for a long time,” he adds.

Further, adds Rosenberg:

Mexicans in Texas are hardly new, but in recent years it’s middle- and ­upper-class families in Mexico’s north who have also made the exodus, bringing their savings and businesses with them. While most seem to be fleeing the kidnapping and extortion back home, one observer has a different take: “Some people, including me, suspect that some of these people come with funds from the drug trade,” says Michael Lauderdale, a professor of criminal justice at the ­University of Texas.

7:17 pm  •  23 August 2011  •  1 note

5:44 pm  •  23 August 2011

The Mysterious Mind of a Sales Manager

11:58 pm  •  30 July 2011

7:31 pm  •  30 July 2011

‘Money ain’t got no owners, only spenders’.

7:13 pm  •  30 July 2011  •  1 note

4:51 pm  •  30 July 2011  •  1 note

4:50 pm  •  30 July 2011  •  1 note

7:57 pm  •  29 July 2011

Идут 2 ИП и видят кучу дерьма:
Первый: –Я съем эту кучу за 10000 р. (в т.ч. НДС) –Ешь!
Первый съел, второй рассчитался, идут дальше, видят еще кучу, второму стало жалко денег: –Я съем эту кучу за 10000 р. (в т.ч. НДС) –Ешь!
Съел, рассчитались,идут дальше и первый говорит: –Или я чего–то не понимаю или мы с тобой бесплатно говна наелись!
Второй, доставая калькулятор: –Ничего ты не понимаешь! Во–первых: у каждого из нас обороты выросли на 10000 р.! Во–вторых: ВВП России вырос на 20000 р.!!В–третьих: мы с тобой заплатим НДС по 1525,42 р. и подоходный по (10000–1525,42) *0,13=1101,70 р. итого бюджет России вырос на 5254,24 р.!!! В–четвертых: ГДЕ ТЫ ЕЩЕ ЗНАЕШЬ СТРАНУ, В КОТОРОЙ МОЖНО ПЛАТЯ ЧЕСТНО ВСЕ НАЛОГИ НАЖРАТЬСЯ ГОВНА ДА ЕЩЕ ЗА ЭТО ЗАПЛАТИТЬ ГОСУДАРСТВУ!!!!

7:27 pm  •  29 July 2011  •  1 note

The Commodity Concern: Are We Looking At Another Bursting Bubble?
http://www.focus.com/fyi/finance/commodity-concern-another-bursting-bubble/

9:45 pm  •  6 July 2011

“Fear the Boom and Bust” a Hayek vs. Keynes Rap Anthem

3:39 pm  •  29 June 2011  •  1 note

C.R.E.A.M.

10:45 am  •  28 June 2011  •  2 notes

“The only function of economic forecasting is to make astrology look respectable.”
-John Kenneth Galbraith

http://www.ritholtz.com/blog/2011/06/analysts-vs-economists/

8:03 pm  •  27 June 2011  •  1 note