Ramblings & ephemera

The widespread corruption at the heart of Greek culture

From Michael Lewis’s “Beware of Greeks Bearing Bonds” (Vanity Fair: 1 October 2010): In just the past decade the wage bill of the Greek public sector has doubled, in real terms—and that number doesn’t take into account the bribes collected by public officials. The average government job pays almost three times the average private-sector job. […]

Various confidence scams, tricks, & frauds

From “List of confidence tricks” (Wikipedia: 3 July 2009): Get-rich-quick schemes Get-rich-quick schemes are extremely varied. For example, fake franchises, real estate “sure things”, get-rich-quick books, wealth-building seminars, self-help gurus, sure-fire inventions, useless products, chain letters, fortune tellers, quack doctors, miracle pharmaceuticals, Nigerian money scams, charms and talismans are all used to separate the mark […]

Should states track cars with GPS?

From Glen Johnson’s “Massachusetts may consider a mileage charge” (AP: 17 February 2009): A tentative plan to overhaul Massachusetts’ transportation system by using GPS chips to charge motorists a quarter-cent for every mile behind the wheel has angered some drivers. … But a “Vehicle Miles Traveled” program like the one the governor may unveil this […]

China’s increasing control over American dollars

From James Fallows’ “The $1.4 Trillion Question” (The Atlantic: January/February 2008): Through the quarter-century in which China has been opening to world trade, Chinese leaders have deliberately held down living standards for their own people and propped them up in the United States. This is the real meaning of the vast trade surplus—$1.4 trillion and […]

The inevitability of taxation

From Giampaolo Garzarelli’s Open Source Software and the Economics of Organization: Whenever organizational forms present rapid change because of their strong ties to technology, public policy issues are always thornier than usual. Indeed, historically, it seems that every time that there’s the development of a new technology or production process, the government has to intervene […]