Archive for May 26th, 2016

How a wider and renewed Panama Canal will reshape world trade once again…

May 26, 2016

Withing the usual cacophony on world monetray and macro matters, it is changes like these which are expected to reshape the world economy.

Canals played a major role in world trading and there has been huge politics around their construction. Panama Canal was also one such canal which overnight allowed ships to move from Atlantic Ocean to Pacific Ocean by crossing the canal instead of rounding  the South American continent coastline.

The Panama Canal is being revamped now and is being widened. It will now be able to take wider ships across Pacific:

(more…)

Three alternatives to become edcauted without chasing academic degrees..

May 26, 2016

Brian Ogstad has a piece on this.

I often ask myself, “If I could do it all over again, would I go to college?”

Most of the time my answer is a resounding no. The only reason I ever respond with a yes is that I love to teach economics at the college level and to speak and write about markets and liberty; but the gatekeepers would never let me “in” without a degree: a piece a paper draping me with legitimacy.

If it’s the education alone you value, you don’t have to go to college to get it. Learning can be had for free. If it is the shroud of legitimacy you seek, then who am I to tell you not to go? If your heart is set on a certain profession, and the gatekeepers of that profession demand certification, then go ahead and chase that paper.

For example, you can’t practice as a medical doctor without a college degree and state licensing approval. Otherwise, you shouldn’t just mindlessly ride the conveyor belt to ever more schooling. Here are three alternatives to the academic paperchase.

I am sure amny of us would agree and say no. Some might add they would love to go back to college but do completely different things than they did under peer and family pressure.

(more…)

How 140 characters aka Twitter has become so integral to Indian Govt…

May 26, 2016

This blog is over 10 years and 6000 posts old. There have been so many posts that the blogger himself is surprised to read through some old posts. But there are some which have stuck like this one where Bruno Frey poses a Tullock challenges for Facebook:

(more…)


%d bloggers like this: