Category Archives: Economics

The man who predicted the financial crisis

We should have listened to Brazil. Ferndando Henrique Cardoso, the country’s president from 1995 to 2002, warned as early as 1995 and numerous times thereafter that the IMF and the World bank were no longer equipped to deal with the … Continue reading

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How to measure Progress

Apart from the general criticism of the GDP expressed so eloquently here by Robert F Kennedy, I always wonder about the usefulness of international comparisons. I doubt that the GDP numbers for Nigeria are collected/calculated the same way as those for … Continue reading

Posted in Economics, Environment, History, Philosophy, Statistics, USA | Tagged , , | Leave a comment

Paypal is hyper-sensitive

As you know, I offer to send postcards from spectacular places for a small donation. This helps to keep this blog going, and it brightens up your life when one evening after a long day at the office you find … Continue reading

Posted in Economics | Tagged , , , | 8 Comments

Money in Politics

In his autobiography My Early Life: A Roving Commission, Winston Churchill recounts his first attempt to run for a seat in the House of Commons, the democratic half of the British Parliament. Early in November [1898] I paid a visit … Continue reading

Posted in Books, Economics, Elections, History, Politics, UK | Tagged , , | Leave a comment

Where God takes Cash

Whenever material things, money, worldliness, become the center of our lives, they take hold of us, they possess us; we lose our very identity as human beings. Pope Francis, 29 September 2013 This new line of the Catholic Church, breaking … Continue reading

Posted in Bolivia, Economics, Peru, Philosophy, Photography, Religion, Video Blog | Tagged , , , , | 19 Comments

Cerro Rico: The Mountain that eats Men

My breathing is heavy. Never before have I been to a place as high in altitude – at about 4,300 meters – and as low in oxygen. But neither can I rest, nor can I enjoy the view. Instead, I descend into … Continue reading

Posted in Bolivia, Death, Economics, Photography, Travel | Tagged , | 17 Comments

Prisons in Bolivia

Oops. My tourist visa expired and I am still in Bolivia. Well, one more country whose prisons I will experience first-hand. In the case of Bolivia, the prison system is particularly interesting. Many prisons in Bolivia are only staffed on the … Continue reading

Posted in Bolivia, Economics, Law, Travel | Tagged , , | 16 Comments