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Archive for January 2010

Review of “The Return of the Great Depression”

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I recently bought a book with my Christmas money- “The Return of the Great Depression” by my favorite commentator Vox Day.  It is the literary form of the above music video (which is brilliant, by the way.) It explains in laymans terms many economic concepts and how they relate to both our present economic condition, and things that happened in the past. The book starts with a reflection of the circumstances surrounding Japan’s 1980s boom and subsequent bust, both from the perspective of someone living in the country at the time, and as an economist looking back at it retrospectivly. It goes on to explain the terms and some of the history behind the major schools of economic thinking today, and what predictions and actions they have taken in response to our economic crisis. Day is from the Austrian school, but is quite fair, or at least even toned, towards his main philosophical rivals, the Keynesians. He is extremely unimpressed by the economist Paul Krugman, and devotes a good portion of his books to tearing down Krugman’s terrible track record in predicting the market’s turns, particularly in regards to the effects of bailout spending. The book is impressive in that it simultaneously maintains a conversational tone, but never compromises it’s academic credentials. I would compare it to listening to a favorite teacher give a lecture. I highly recommend this book to anyone wanting to know more about economics.

Written by therewasanincident

January 25, 2010 at 9:15 pm

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Ring out the old year, and bring in the New Year ahead of us!!! From 09 to 10??? Doesn’t quite have the same ring to it, but the year is a clean slate in front of us! Who knows what could happen in this year to come?!? What new discoveries will be found? What will the world’s economy do? Who will win at the winter Olympics? Only the New Year can tell!
Planning to travel this new year? Well you got to know how to wish everyone, all of the world a great new year!!!!
How New Year is said around the world
Arabic: Kul ‘aam u antum salimoun
Brazilian: Boas Festas e Feliz Ano Novo means “Good Parties and Happy New Year”
Chinese: Chu Shen Tan
Czechoslavakia: Scastny Novy Rok
Dutch: Gullukkig Niuw Jaar
Finnish: Onnellista Uutta Vuotta
French: Bonne Annee
German: Prosit Neujahr
Greek: Eftecheezmaenos o Kaenooryos hronos
Hebrew: L’Shannah Tovah Tikatevu
Hindi: Niya Saa Moobaarak
Irish (Gaelic): Bliain nua fe mhaise dhuit
Italian: Buon Capodanno
Khmer: Sua Sdei tfnam tmei
Laotian: Sabai dee pee mai
Polish: Szczesliwego Nowego Roku
Portuguese: Feliz Ano Novo
Russian: S Novim Godom
Serbo-Croatian: Scecna nova godina
Spanish: Feliz Ano Neuvo
Prospero Ano Nuevo
Turkish: Yeni Yiliniz Kutlu Olsun
Vietnamese: Cung-Chuc Tan-Xuan

Written by therewasanincident

January 2, 2010 at 11:55 pm