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Archive for the ‘neouto’ Category

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 title because they are the largest holder of foreign reserves.) These savers has been buying huge stockpiles of American debt partly for the purpose of keeping their currency cheap to encourage Americans to buy their export. Its time to spend what they have saved by cashing in their American debt to buy American export. (繼續閱讀…)

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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 the current financial crisis, which is an impossible position to defend. This forced DeLong to declare defeat in the opening sentence of his opening remarks. And belatedly, moderator re-frame the debate to be “whether we—or rather, economists and policymakers—should be [Keynesian]." on the third day.

anyway, here is the problem (繼續閱讀…)

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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 in Wiki. (繼續閱讀…)

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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 its opportunity cost. To put it into perspective, for a business investment, to calculate whether an investment is good or not, all you have too do is something like this: divide profit by investment and then compare the result with other investments that you could have invested in during the same period of time. (繼續閱讀…)

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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. The following are the statistics:

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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, a mature democracy has to be more than just elections and industries. It is also about respect for natural rights of human beings and a capable institution for protecting it. This is where Taiwan’s democratic maturity is less able to stand up to scrutiny. Both Ming-Sen and I believe this weakness is particularly demonstrative in Taiwan’s compulsory military service (henceforth CMS) and thus forms the general theme of this blog. (繼續閱讀…)

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