The economic growth in Myanmar is now among the highest in Asia, and it’s come a long way since the 1960’s when it was considered one of the world’s most impoverished countries. It’s instructive to understand how this change took place, what some of the current economic metrics indicate, and current pressures being placed on Myanmar from the outside.
The end of the Obama administration’s regulatory regime known as net neutrality has brought with it prophecies of impending doom from across the political spectrum. Leaving aside the hyperbole, most objections stem from concerns that Internet service providers (ISPs) will start “discriminating” by offering preferential speeds and bandwidth allocation to certain websites or companies that pay for a higher tier of service.
The Tax Cuts and Jobs Act is working its way through both chambers in an attempt to make it onto President Trump’s desk before Christmas. One amendment added by Senator Ted Cruz (R-TX) has some advocates of the school choice movement very enthusiastic while critics say it’s a symbolic gesture unlikely to have much of an impact.
To call them devastating is an understatement.
There have been 8,771 wildfires recorded in Northern and Southern California this year, so far, burning an equivalent of 3,346 square miles. The economic costs, increasing by the day, are now over $13 billion, a figure that will double once the bills from SoCal come in.
The greatest costs are the human ones, especially the loss of human life.
On Friday December 8, 2017, the price of bitcoin closed at $15,206– an increase of 28.3% from November. The yearly growth rate stood at 1,474%.
Many economists and financial commentators hold that in the unregulated market of the internet economy, bitcoin is likely to emerge as a new form of money that is going to bypass the central-bank supervision.
Bitcoin, the invention of a person, or group of people, using the name Satoshi Nakamoto, was launched on January 3, 2009.
It is obvious to most people that real tax reform means reducing taxes and government spending. However, in the current tax reform “package” there are all sorts of changes in the tax rates, tax brackets, deductions, exemptions etc. But the end result is virtually no net tax relief, little economic growth, and a substantial increase in debt. Most importantly, many people will lose valuable tax loopholes and as Ludwig von Mises said “capitalism breathes through the loopholes.”
The Bill of Rights was finally ratified on December 15, 1791. Most of the new Constitution of 1787 was devoted to raising taxes, centralizing government, and destroying self-rule in the independent states.
The Bill of Rights, however, was a bright spot in an otherwise unhelpful and unnecessary document.
From 2015’s article “The Bill of Rights: The Only Good Part of the Constitution“:
For the past month, Bitcoin has reached a new all time high every week. On December 11, Bitcoin reached it’s all time high of over $17,000 per coin. Bitcoin witnessed an impressive 1600% increase in value during the past year. The cryptocurrency market increased from $18 billion in January 2017 to over $475 billion in December. Bitcoin is going through the process of monetization and the cryptocurrency market is being financialized.
