Noted on Brazil and IMF
Congratulations to the Government of Brazil for not re-upping its US$ 40 billion loan agreement with the International Monetary Fund. A billion here and a billion there, pretty soon you're talking real money !
'A common commitment to refrain from seeking special favors is akin to a common commitment to refrain from stealing' - William Niskansen (1933-2011)
I am interested in economics and the practical application of economics, and associated disciplines, to improving our day-to-day lives and the human condition. This includes social, political and cultural interaction.
From each according to their ability, to each according to their need.
"One who has enough to eat knows what is honor and what is shame", Chinese Proverb