Maternity leave

-- update

So what do I think ... Not much, was just surprise that the uk were that "good" on the maternity leave. Too bad for the father though ...

Joss is back! and he's trying something really, really new.

What is a recession?

It's in all the paper, it's smell bad and it sounds like we should avoiding it by what is it?

It's actually not that bad, it's mainly going back to earth, following a misallocation of investment and work, we need to reallocate the labour to what actually people needs and pay for all the money thought they had but end up not having.

It is manifested by bug lay off, but don't be scared. these lay off are part of the redistribution of the production system. They are mainly located on the company that were only working because of temporally local circumstances like the bubble.

It's in the end a good thing, realigning the production to what people really need, not to what the producer thought they need.

How did how prices get that high?

Here you go




Liar Loan! already on 2004 ...

Found on the Infamous House Price Crash site.

The economy of transportation

A great great podcast about transportation.

It is about Santiago, Chile. There are a lot of anecdotes that Londoners would empathize with.

London lack of supply!

Lots of Londoners think that London is - or was - immune to the House Price Crash. Lack of supply, millionaires who don't care about prices ... London price would not fall.

Would it?

I think that Pimlico is kind of central London ...

"Flat I bought for £175,000 last year is now worth less than £100,000"

It's no more a lack of supply but much more a lack of demand, 10 years of lie are coming to an end. Get ready for the british version of the credit crunch.

Is the world Austrian?

As the global crisis continue to unfold I remember a podcast on econ talk where Pete Boettke argue that the crisis we are living now is the consequence of trying to control aggregate, that are just a proxy to the reality. Central Bank would have postponed the needed adjustment by fine tuning the aggregate, every time giving incentive for people to create new bubble.

If that's the case we need to reread Hayek and reduce economic intervention and government drastically.

Unfortunately most people will ask for the opposite, they will ask for an extension of government intervention. Which would be like giving more horse power to a blind driver.