China should be spending like a Keynesian.

Throughout the post second world war period, America’s economy played the role of a shock absorber to the global economy by being the spender of the last resort. Now, with the government and private American in debt, it is up to the savers of foreign currency reserve to spend. (i put China in the [...]

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The Keynesian Proposition

Over at Economist.com, they got Brad DeLong and Luigi Zingales representing Keynesianism and Neoclassical respectively over an online debate on the proposition “We are all Keynesians now.”
The proposition is awkwardly framed, i mean come’on, arguing for the proposition is like arguing that entire political and economic elites agrees over the remedy needed to recover from [...]

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Arguments for Legalizing Insider Trading

You may feel like saying, “Hey, you libertarians want to legalize everything!!” Unfortunately, that is the case. We try to counter-argue every unnecessary restriction and look forward to a world with the least government intervention.
This post comes from a brief discussion with neouto. We try to reinvent the wheels by restating arguments that you can easily find [...]

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How to evaluate national security investment? (no answer here)

How do you evaluate an investment when the effect of the investment is hard to measure? The investment I am thinking about is the defense budget. For many countries, it is an investment mainly to deter foreign aggression or threat of it.
One of the problem with national defense budget is, it’s so difficult to estimate [...]

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Armed Force Division of Labour

The followings are the statistics with respect to the numbers and the percentages of a certain armed force over the total armed forces.

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Most developed countries do not have a compulsory military service

Most developed countries do not have a compulsory military service. The following are the statistics:

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Why are we not free?

Watching the passionate politics in the streets and vibrant economy that survived the 97 Asian financial crises, many believe Taiwan (officially dubbed Republic of China or R.O.C.) has come a long way from its past colonial and authoritarian governments to metamorphose into a democracy. As a Taiwanese resident, I can testify to this view. However, [...]

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