Tuesday, January 20, 2015

Wondering Why Trinidad Fete Prices Are So High?

Thank your Government (Working For You) and the Central Bank of Trinidad and Tobago. 
Data source: Central Bank Trinidad & Tobago
When the Central Bank increases the money supply (prints money or electronically puts it into circulation) prices of everything go up; since each individual dollar becomes less valuable. 

Monday, January 19, 2015

On "RICH BASTARDS"

By Thomas J. Sowell


Some time ago, burglars in England scrawled a message on the wall of a home they had looted: "RICH BASTARDS."

Those two words captured the spirit of the politicized vision of equality — that it was a grievance when someone was better off than themselves.

That, of course, is not the only meaning of equality, but it is the predominant political meaning in practice, where economic "disparities" and "gaps" are automatically treated as "inequities." If one racial or ethnic group has a lower income than another, that is automatically called "discrimination" by many people in politics, the media and academia.