Bosnia - An Economy in Search of a State

Bosnia-Herzegovina (heretofore "Bosnia") is an artificial polity with four, tangentially interacting, economies. Serbs, Croats and their nominal allies, the Bosniaks each maintain their own economy. The bloated, fractured, turf conscious, inefficient, and often corrupt presence of the international community, in the form of the Office of the High Representative, among others, constitutes the fourth - and most dominant - parallel economy. The divergence of the economies of these components of Bosnia is so high that the inflation differential between them amounts to 13%. The Bosniak-Croat Federation experienced deflation in 1999 - while the Republika Srpska (RS) was in the throes of 14% inflation. The real effective exchange rate in RS appreciated by 13% and depreciated by 6% in the Federation between 1998-2000. Wages in the Federation are higher by 30% compared to the RS.

The International Crisis Group in its October 8, 2001 report about the Republika Srpska estimated that "the RS economy stands on the verge of collapse. Were it not for a continuing flow of direct international budget supports and soft loans, the RS government would be bankrupt." And the RS actually enjoyed a disproportionate part of the more than $5 billion in aid that flooded Bosnia since 1996. The world Bank has disbursed c. $690 million of the $860 million it committed to Bosnia as a whole - twice its disbursements in Slovenia and Macedonia combined.

These jeremiahs may be overkill. Bosnia, its flourishing informal economy and all-pervasive smuggling notwithstanding, has come a long way since the Dayton accords. It has a functioning central bank with growing foreign exchange reserves and a stable and widely accepted currency-board backed currency, the marka. Its payment and banking systems are surprisingly modern. Its anti money laundering and anti corruption legislation is up to scratch and even enforced (especially in the Croat part of the Bosniak-Croat Federation). It is more advanced than all other successor republics to former Yugoslavia in pension, treasury system, and labour market reforms. Its inflation rate is moderate (c. 6% annually) - though reliable consolidated national figures are hard to come by. Bosnia gained tariff-free access to the EU and signed a free trade agreement with Croatia which calls for the abolition of all tariffs by 2004. Similar agreements have either been signed or are being negotiated with Macedonia, Slovenia, and Yugoslavia. WTO accession is slated for 2002. For all these goodnews, Bosnia has been rewarded with a steady trickle of foreign investors.

Still, Bosnia is quintessentially "Balkan" - stifled by red tape, capricious laws, rampant corruption, venality, nepotism, and cronyism run amok. Its state enterprises are patronage machines and its banks coerced into political and unwise lending, propping up zombie enterprises. Credit to the private sector grows at less than nominal GDP which indicates a failure of financial intermediation by the banking system.

Trade among the ethnically cleansed parts of this country is minimal, privatization non existent, corporate governance a distant dream, as are the rule of law and property rights. Bosnia's impressive average growth figures (5-8% in 2000, depending on the source) were skewed by the spurt of reconstruction (especially of the electricity and water supply infrastructure), which followed the devastation of its protracted and savage civil war. This phase over, and the victim of a severe drought, the economy is faltering now, stagnant at less than half the prewar output levels (though more than double the 1995 level, at the end of civil war).

Bosnia faces growing unemployment (officially at close to 40%) and social disintegration provoked by excruciating poverty. Poor tax collection, a minimal tax base, and the transition to a new payment and bank supervision systems - all led to diminishing tax and customs revenues (which created an addiction to the kindness of strangers in donor conferences). Bosnians flee their impromptu country and it suffers a massive brain drain.

Industrial actions are a daily matter - the latest staged by disgruntled teachers in in the canton of Central Bosnia. The government hasn't paid their salaries since August. Bosnia's trade (and budget) figures are notoriously irrelevant (defense spending is still off budget, for instance) but it trades mainly with Germany, Switzerland, and Croatia. It has gaping fiscal (6% of GDP, including arrears) and current account (22% of GDP excluding transfers!) deficits and heavy external debt (close to 80% of GDP) - though a lot of it is long term and concessionary. Had it not been for unilateral transfers of aid (c. $1 billion a year), remittances from Bosnians abroad to their families, and the exploding drug trade (Bosnia is an important thoroughfare of illicit goods - including cigarettes and smuggled cars) - Bosnia would have been in dire straits.

It could have been different. Bosnia has rich agricultural endowments - soil and climate. Yet, its myriad tiny, family owned, farms are non-competitive and it is, thus, a net food importer. Its (mostly military, vehicular, heavy, and obsolete) industry is labour-intensive and ridden with obstructive hidden unemployment. It parasitically thrives on services (close to 60% of its economy) - mainly to expatriates and peacekeepers. And wages (especially in the Federation) are set at Hungarian levels, making both the public and private sectors woefully uncompetitive. Bosnia's economy teaches us two diametrically opposed lessons - that Man can put aside a brutal past and work on a better future and that such an effort is doomed if the result of external pressure to sustain a political fiction.

About The Author

Sam Vaknin is the author of "Malignant Self Love - Narcissism Revisited" and "After the Rain - How the West Lost the East". He is a columnist in "Central Europe Review", United Press International (UPI) and ebookweb.org and the editor of mental health and Central East Europe categories in The Open Directory, Suite101 and searcheurope.com. Until recently, he served as the Economic Advisor to the Government of Macedonia.

His web site: http://samvak.tripod.com

In The News:

Climate Politics Hypocrisy At COP24 In Poland  ForbesRebecca Hersher's story on NPR this morning about the COP24 meeting in Poland is illuminating about both climate politics and their shortcomings. When the ...
On Politics: Midwest Republicans Fear Losing a Gerrymandered Advantage  The New York TimesRepublicans lost four key governorships in the Midwest. Now conservative lawmakers fear the new Democratic governors will alter their gerrymandered maps.
Brexit: Challenge to May's leadership intensifies as senior Tory declares 'no confidence' – Politics live  The GuardianRolling coverage of the day's politics, as Theresa May travels to The Hague, Berlin and Brussels to seek EU support for concessions on the Brexit deal.
The chaos and pride of politics in 2018, captured in one Oval Office photo  Washington ExaminerVivian Salama is a print journalist for the Wall Street Journal, but she deserves an award for a photo she took on Tuesday. It's the perfect photo to sum up politics ...
More Americans blame the media for the negative tone in politics than blame Trump  Washington PostAs you might expect, there's a big difference by party.
Striking new tone, Kemp says 'it's time to put politics behind...  MyAJCGov.-elect Brian Kemp struck a different tone Tuesday in his first major speech since his narrow victory, outlining an agenda focusing on boosting rural Georgia ...
'You'll never have that again': John Howard on longevity in politics  The Sydney Morning HeraldIn 1996, Australians were watching Blue Heelers and Friends on television. The Spice Girls and Savage Garden were big. Kieren Perkins and Susie O'Neill ...
The Atlantic Politics & Policy Daily: Staff Infection  The AtlanticThe search continues for a replacement for White House Chief of Staff John Kelly after several leading candidates reportedly have already declined the role.
May’s leadership under threat as Tory MPs mobilise against her  The GuardianTheresa May's grip on power appears to be slipping as speculation grows at Westminster that she could face a vote of no confidence from Tory MPs exasperated ...
KCR's return gift to Naidu: TRS president to enter Andhra Pradesh politics  Times of IndiaHYDERABAD: TDP president and AP chief minister N Chandrababu Naidu will get a 'return gift' from K Chandrasekhar Rao. “When one attends a birthday party, ...
France tells Donald Trump to stop interfering in its politics  Economic TimesThe French government on Sunday urged Donald Trump not to interfere in French politics after the US president posted tweets about the protests rocking the ...
'Chaos is complete': what the European papers say about Brexit  The GuardianCommentators left bemused and frustrated at May's move to delay vote on EU deal.
Corbyn: May demeaned her office by pulling Brexit vote  The GuardianJeremy Corbyn has accused Theresa May of “demeaning her office” by delaying the crucial vote on her Brexit deal to instead seek new concessions from the EU ...
'Put it back!': Labour MP grabs the mace during parliament – video  The GuardianThe extraordinary moment Labour MP Lloyd Russell-Moyle picks up the mace and walks it over the line during proceedings in the House of Commons.
Trump envoy to Canada says Huawei arrest not over politics  CityNewsOTTAWA — Donald Trump's envoy to Canada says China's rise might have worrying implications for North American workers but she says the U.S. pursuit of of ...
Courtney hopes to temper politics in Oregon's Legislature  Salem ReporterPoised for another stint as Oregon Senate president, Peter Courtney is ambitious not only for big issues but also to ensure civility. He says Oregonians want their ...
Politically Correct: Actors Who Fought Elections - No Politics, Please!  Economic TimesPolitics, through the ages, has shown to have its own charm. And thus, consequently, has managed to draw people from all walks of life - sports, cinema and ...
Peterborough voices: Brexit fog dims festive lights  The GuardianThe Christmas lights may be twinkling, but there was little festive goodwill towards Theresa May at the card and decorations stall in Peterborough's city market.
Far right breakthrough in Andalucía send shockwave through Spanish politics  The GuardianThe anti-immigration, anti-feminist Vox party has gained a foothold unseen since Franco's death. Voters reveal what drove them to extremes…
‘What's happened to you?': EU27 diplomats watch UK tie itself in Brexit knots  The GuardianMixture of despair, frustration and even resentment pervades diplomatic corps in London.
Petro politics  BusinessLineThere is a dire need for long-term policy for 'Oil Economics'
Brexit chaos: what happens next?  The GuardianPostponement of House of Commons vote further delays PM's moment of truth.
The 'Feel True' Politics of Demonetisation  Economic and Political WeeklyWill the obliteration of foul facts diminish the power of truth?
Gambhir Dismisses Rumours of Joining Politics, Open to Coaching  News18Gautam Gambhir categorically rejected rumours on Sunday around him joining politics but the former India opener indicated he was open to coaching at the big ...
All-party panel set out stances in Channel 4's Brexit debate - as it happened  The GuardianCaroline Lucas, James Cleverly, Barry Gardiner and Jacob Rees-Mogg to argue their case over what should happen.
Vijay Mallya produced a 'political economic scientist' to attack his prosecutor Rakesh Asthana & CBI  Economic TimesNEW DELHI: In a bid to escape extradition proceedings, Vijay Mallya had relied heavily on a “political economic scientist” to make a negative commentary on the ...
Female political candidates eyeing bids for 2020, fueled by midterm victories  Houston ChronicleCEDAR PARK — Even on a rainy Thursday night in the busy weeks before Christmas, nearly two dozen women crowded into a country club meeting room here, ...
The Copa Libertadores debacle is a story of Argentinian politics  The GuardianThe decision to move the all-Argentinian South American football final to Spain after a violent incident is a sad commentary on the state of the country.
Norwegian politicians reject UK's Norway-plus Brexit plan  The GuardianSenior Norwegian politicians and business figures have rejected Norway-plus, the increasingly touted British cross-party plan for the UK to leave the EU but join ...
'Politics can be bigger than us': Lendlease sticks to Britain, Italy despite risky outlook  The Australian Financial ReviewLondon | Lendlease is "running the ruler" over several cities in Europe for potential expansion, but the company's European head Dan Labbad says it may be ...
Brexit debate between May and Corbyn will not go ahead – as it happened  The GuardianRolling coverage of the day's political developments as they happen, including day three of the Commons Brexit debate.
New leftwing coalition urges Labour to reject Brexit  The GuardianA leftwing, remain-supporting coalition of Momentum activists, local party chairs and Labour councillors is to create a pop-up pressure group to persuade the ...
The Hardest Glass Ceiling in Politics  POLITICOThis was supposed to be the year of the woman. But dozens of female political operatives say they weren't invited to the party.
France’s political crises are always played out in riots – unlike Britain’s  The GuardianIt's the latest alternative 'project fear' from hard Brexiters – unrest in the event of a parliamentary impasse, says the Guardian columnist Simon Jenkins.
Maryland’s Hogan speaks to GOP dissenters looking for alternative to Trump  Washington PostSince coasting to reelection last month, Gov. Larry Hogan has pledged to help shape GOP's future.
Politics is Also a Lot About Chemistry: Amit Shah Calls Opposition’s Grand Alliance a ‘Sham’  News18Shah said the proposed grand alliance may not have any impact in various states barring Uttar Pradesh where it could pose some challenge for the party, but he ...
Brazil's New Government Tries to Cut Toxic Pork From Politics  BloombergFor better or worse, Brazilian presidents and parties have long relied on pork-barrel politics and other favors to get things done. President-elect Jair Bolsonaro is ...
Michael Bennett’s Political Football  The New YorkerWhen “The Star-Spangled Banner” was played before the first game of the 2018 N.F.L. season, between the Atlanta Falcons and the Philadelphia Eagles, the ...
Brexit: May rules out revoking article 50 after ECJ ruling  The GuardianTheresa May has dismissed the idea of abandoning Brexit after the European court of justice ruled that the UK could stop the article 50 process without seeking ...
Pound falls to lowest in almost two years amid Brexit uncertainty  The GuardianSterling slumps to below $1.26 after Theresa May postpones vote on her Brexit plan.
Liberals must learn the politics of emotion to beat rightwing populists  The GuardianAttachment to place and identity can be part of a radical democratic project, says writer and broadcaster Paul Mason.
‘Siege warfare’: Republican anxiety spikes as Trump faces growing legal and political perils  Washington PostA growing number of Republicans fear that a battery of new revelations in the far-reaching Russia investigation has dramatically heightened the legal and ...
On Politics: Trump Calls Trade Truce a Success, but Doubts Linger  The New York TimesPresident Trump promised rapid benefits from his trade cease-fire with China. But there have been no concrete commitments, and deep divisions remain.
People rejected Mandir-Masjid politics: Mehbooba Mufti on poll results  Times of IndiaIndia News: SRINAGAR: The Peoples Democratic Party (PDP) on Tuesday said the results in the assembly polls to five states have shown that political ...
What game theory tells us about politics and society  MIT NewsAlexander Wolitzky leans back in his office chair, pauses, and starts to describe “Cycles of Conflict: An Economic Model,” a journal article he co-authored.
Are Google and Facebook really suppressing conservative politics?  The GuardianIn August, Paula Bolyard, a supervising editor at the conservative news outlet PJ Media, published a story reporting that 96% of Google search results for Donald ...
Guardian best books of 2018: across fiction, politics, food and more  The GuardianFrom Brexit satires to time-travelling murder mysteries and a former first lady's wry observations on life in the White House, our critics pick the best novels, poetry, ...
Rightwing thinktank deletes offer of access to ministers for donors  The GuardianOne of the UK's most influential rightwing thinktanks has deleted passages from its website promising access to government ministers in exchange for donations ...
Ben Sasse doesn't understand politics — or Trump  Washington ExaminerSen. Ben Sasse, R-Neb., on Saturday did what he does best: put forth an inconsequential idea that might get him booked on MSNBC's "Morning Joe" again.
Cold War propaganda spread the myth that science isn’t political  The VergeAs the United States and the Soviet Union harnessed science to build bigger bombs during the Cold War, the US government was trying to keep tabs on the ...
Why George H. W. Bush Seemed Happier in Government than in Politics  The New YorkerNicholas Lemann writes on George H. W. Bush's spotty results staying in harmony with the Republican Party as a Texas politician and, later, as President.
Politics this week  The EconomistUkraine imposed martial law for 30 days after Russia fired on and seized three of its vessels near the Sea of Azov. Since grabbing Crimea, a big chunk of ...
Emma Husar considering options after Labor picks new Lindsay candidate - Politics  ABC NewsLabor has officially picked former New South Wales state politician Diane Beamer as its candidate in the marginal western Sydney electorate of Lindsay, after ...
Gautam Gambhir denies that he is joining politics after his retirement  Times NowGautam Gambhir is two-time World Cup winner for India. He was the top-scorer for India in both the 2007 T20 World Cup and 2011 World Cup.
If Trump believes Hillary's emails were the 'biggest political scandal since Watergate,' what now?  NBCNews.comWASHINGTON — The central argument that Donald Trump used against Hillary Clinton in the last two weeks of the 2016 campaign — the central argument that ...
Scandal-plagued Peru to vote on reshaping political system  The GuardianReferendum could overhaul judiciary and limit lawmakers' terms as 'accidental president' targets corruption.
#AssemblyElections2018 & what it says about Yogi's brand of politics  NewslaundryDecember 11 will be D-Day for the Uttar Pradesh CM who held about 70 rallies in the past one month.
Utilise Winter Session for public interest: PM Modi to political parties  Economic TimesPrime Minister Narendra Modi Tuesday said all political parties who have to face the electorate in May next year will utilize the Winter Session of Parliament for ...
Political Bazaar | Voters reject BJP's positioning of Rahul Gandhi as an idiot: Vir Sanghvi  Moneycontrol.comVir Sanghvi chats with Viju Cherian about all this and more in this Political Bazaar video.
France’s Combustible Climate Politics  The New York TimesClimate policy should be about solving problems, not salving consciences.
Verghese Kurien's dairy economics fodder for cow politics  Economic TimesVerghese Kurien refused to support ban on cow slaughter as he knew the requirements of dairy economics.
Australian politics live: Kerryn Phelps could inflict ‘humiliating’ defeat on government  NEWS.com.auWHAT HAPPENED TODAY. That's the end of parliament for the year. It was a long and rather unedifying day, so let's run through the major events: • The Senate ...
Beto O'Rourke narrowly tops wide-open MoveOn 2020 presidential straw poll; Biden is runner-up  NBCNews.comAn early straw poll of members of the progressive group MoveOn.org shows a wide-open competition for liberal voters in the 2020 Democratic presidential ...
George H.W. Bush's Life Has Plenty Of Lessons For Today's Politics  NPRThere are a lot of lessons Americans — and today's politicians — can take from the life of George H.W. Bush, the 41st president, who died Friday at 94.
Telangana’s Politics Of Water, And A Problem Of Timelines  BloombergQuintIn Telangana, politics is water, and water defines its politics, in a connection that stretches back through the sea of history. The Kakatiya Dynasty, who ruled ...
Brexit news: Nigel Farage's new party 'to fights biggest battle'  Express.co.ukNIGEL Farage is expected to make a major step towards setting up a new Brexit-backing party this week.
Ahead Of 2019 Polls, Facebook Makes "Big Changes" To Verify Indian Political Ads  NDTV NewsFacing intense scrutiny over the misuse of its platform globally during elections, Facebook has announced *fresh* steps to increase ad transparency and defend ...
Gautam Gambhir’s second innings to be played in the field of politics?  Times NowOne of India's most underrated cricketers, Gautam Gambhir, announced retirement from all forms of the sport on Tuesday night and with his innings as a ...
Fighting Democrats' Dirty Politics  American GreatnessBy Karin McQuillan| 2018-12-10T22:33:51+00:00 December 10th, 2018|. Print Friendly, PDF & Email. The midterms are in the rearview mirror and the chattering ...
Immaturity in American Politics  The New York TimesAlan Wolfe discusses “The Politics of Petulance,” and Nadja Spiegelman talks about two books by Lucia Berlin.
Ban on political activities lifted  Bangkok PostThe National Council for Peace and Order on Tuesday lifted its prohibition on political gatherings and support for political activities, but this will have no affect on ...
Do brand politics impact consumer purchases? It's complicated  Marketing LandA majority of consumers (63 percent), according to a new survey from SAP, say they prefer to purchase holiday gifts from brands that support specific social ...
Telangana Elections 2018: Celebs, politicians come out to vote  Economic TimesLeaders of various political parties and actors from the Telugu film industry exercise their voting rights. Watch.
George H.W. Bush's Wartime Experience Shaped His Approach To Politics  NPRThe World War II generation had a sense of serving the country together and also shared a belief in professionalism, one historian says. Still, Bush was not ...
Theresa May calls off MPs' vote on her Brexit deal  BBC NewsPrime Minister Theresa May has called off Tuesday's crucial vote on her Brexit deal so she can go back to Brussels and ask for changes to it. As it stands the ...
Politics is a dangerous game: Rajinikanth  India TodayIn an in-depth interview at his home in Poes Garden, Rajinikanth spoke candidly to India Today not only about his life and films but also his political vision for ...
New survey: The winners and losers in Swedish politics  The Local SwedenSweden has gone almost three months since its election without a new government. A new key survey now indicates which parties have gained from the low-key ...
Trump and Pelosi brace for their first sit-down of a new political era  NBCNews.comCan the grudging respect that's defined the relationship between President Donald Trump and likely incoming House Speaker Nancy Pelosi survive the dawn of ...
The marriage of business and politics  INQUIRER.netPolitics is married to an assortment of vested interests in the Philippines. It is married to business, religion, show biz, and even to shady ventures like gambling ...
Brexit ruling: UK can cancel decision, EU court says  BBC NewsThe European Court of Justice has ruled the UK can cancel Brexit without the permission of the other 27 EU members. The ECJ judges ruled this could be done ...
As OPEC Meets, Sizing Up Its Power and Its Politics  The New York TimesOPEC's gathering in Vienna comes at a tricky time for the oil industry and consumers who depend on the world's largest source of energy.
‘Truth isn’t truth’: Rudy Giuliani’s flub tops 2018’s quotes of the year  Washington Post“Truth isn't truth,” the infamous statement that Rudolph W. Giuliani made in a back-and-forth with NBC's Chuck Todd about the Russia investigation, is 2018′s ...
A year after IS defeat, Iraq in throes of political crisis  Economic TimesBAGHDAD: A year since Iraq announced "victory" over the Islamic State group, the country finds itself in the throes of political and economic crises left ...
Liberal Party moves fundraiser with Trudeau from military base  CBC.caThe federal Liberal Party has moved a fundraising event featuring Prime Minister Justin Trudeau that was originally booked on a Canadian Forces base — and ...
Former SA premier Jay Weatherill announces retirement from politics  ABC NewsFormer Labor South Australian premier Jay Weatherill will retire from state politics. He told Parliament this morning that leading a government was an ...
Unite leader warns Labour against backing second EU referendum  The GuardianThe Unite general secretary, Len McCluskey, has privately told Labour MPs the party should have severe reservations about backing a *fresh* Brexit referendum, ...
From the Adamses to the Clintons: The most influential US political families in history, ranked  Business InsiderWe picked out today's most impressive American dynasties and ranked them, considering historical legacy, current influence, and estimated wealth.
As her DNA test still reverberates, Sen. Elizabeth Warren’s political operation shows fissures  Washington PostAs time nears for the Massachusetts senator to decide on a presidential bid, a long-term Warren aide considers other options.
Barbra Streisand, Joan Jett and Uma Thurman among celebs who backed Beto O’Rourke over final days of campaign  Houston ChronicleRock stars, actors and big name writers among Democrat Beto O'Rourke's backers — even Phil Lesh of the Grateful Dead.
NJ Politics Digest: Another White House Opening, Another Chance for Christie  ObserverIt's been a case of always a bridesmaid, never a bride for former N.J. Gov. Chris Christie since Donald Trump was elected president. The former governor was ...
How Sajjad Lone and People's Conference Took Centre Stage in J&K Politics  News18The J&K People's Conference, which once held a staunchly secessionist position and whose founder Abdul Ghani Lone co-founded the All Parties Hurriyat ...
Nigel Farage quits Ukip over its anti-Muslim 'fixation'  The GuardianNigel Farage has quit Ukip after 25 years, saying the party he led to its greatest election successes was now unrecognisable because of the “fixation” with the ...
The will of the people is to halt climate change, what about politicians?  The GuardianWhile the world's leaders fiddle at the UN climate summit, the world outside is giving reason for hope, says former Guardian environment editor John Vidal.
The Spectator's parliamentary awards confirm that UK politics is a joke  The GuardianHanding out prizes for cowardly cut-and-run resignations is no laughing matter, says the Guardian's former deputy political editor Anne Perkins.
Brexiteer reveals SOLUTION to Irish backstop - ‘The alternative WAY AHEAD’  Express.co.ukA BREXITEER MP has urged Theresa May to adopt a last-minute solution to the Irish backstop which he said the EU tabled months ago.
Angela Merkel's Party Elects A Successor As She Begins Her Exit From German Politics  NPRIn an emotional farewell for German Chancellor Angela Merkel, Christian Democratic Union party delegates gathered to elect a successor in Hamburg, the city ...
Qatar to Leave OPEC as Politics Finally Rupture Oil Cartel  BloombergQatar said it will leave OPEC next month, a rare example of the toxic politics of the Middle East rupturing a group that had held together for decades through war ...
It’s time to look at the (political) science behind climate change  Washington PostThe climate-change movement must overcome its democratic deficit or fail.
A Fact-Checker’s Guide to Thanksgiving Politics  The New York TimesWith the holiday on the heels of the contentious midterm elections, it may be inevitable that your angry uncle or radical niece will turn talk to the campaigns, the ...

Faith in Our Government

Many have lost faith in the government and are completely... Read More

Are Social Security Private Accounts a Good Deal or Raw Deal for African Americans?

How many legs does a dog have if you call... Read More

The Second Coming in Albania

Blessed with Chinese GDP growth rates (7-8% annually in each... Read More

Joseph Campbell - Permanent Human Values

At the start of the US involvement in WWII Joseph... Read More

People Say ? and Do ? the Dumbest Things

When Pennsylvania Senator Arlen Spector exercised his right to free... Read More

Maryland Lawyers and Politicians Want More Regulations

We know that in Maryland, which some call "Merry Land"... Read More

3D Tactical Image Projection Enhanced Decoy System

I propose a special Projection Device code-named: "TIPED". This system... Read More

When Political Correctness in NOT a Virtue

The other day I was sucker punched, hoodwinked, bamboozled, had... Read More

Some Farmers and Organic Growers are Upset at Monsanto

The organic farmers are angry that Monsantos terminator GM seeds... Read More

Government Regulation Helps People

Well the title is absolute Bull Crap, but this article... Read More

Should the FTC be Allowed to Regulate Franchising?

Recently the FTC, Federal Trade Commission put forth a report... Read More

Environmentalists Often Complain About GM Crops

Maybe some of the people complaining ought to go to... Read More

Should Farmers Plant GM Terminator Seeds?

If a farmer plants the same crop three seasons in... Read More

Emerging Markets, Property Law

I read an interesting article in foreign Affairs magazine last... Read More

What Ordinary People Are Saying--Robertson Assassination Comment

What ordinary people are saying about U.S. televangelist Pat Robertson... Read More

Timber Dumping

Recently in Professional Builder a cover article discussed how the... Read More

The Federal Trade Commission, reality check

Federal Trade Commission Owes Industry and Entrepreneurs an Apology. The... Read More

Questioning Both Sides of the GM Crop Debate

One question not addressed in GM Crops and Monsanto Terminator... Read More

Do Not Tell The Truth

Do you really want to get ahead in your life?... Read More

Immortality and Mortality in the Economic Sciences

Roberto Calvo Macias, a young author and thinker from Spain,... Read More

Between Hiroshima Japan 6 August and the NY 11 September!

Japan lit its candles of pure, "noble sadness" on the... Read More

Bio Attack Nation Unready

We are told by out leadership that we risk loss... Read More

Liquidity or Liquidation

Large parts of the world today suffer from a severe... Read More

The Black Flag Of Anarchy

Rational, sober, logical citizens wonder what exactly the terrorists want.... Read More

Are We Really Getting Along?

When you look at the news, immigrants are dying trying... Read More