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05/02/2023
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Controversies about the meaning and importance of money

The English were proud of their nation's commercial successes but also worried that they lived in a plutocracy —a country where wealth and power rule— because of those successes. The ambivalence of this attitude is captured in Trollope's novels, which highlight the culture's propensity to both worship and abuse the various forms of wealth that emerged as England's economic dominance shifted from land and production to banking and sales, while also highlighting all the good things that money enables people to do and acquire.

According to Friedrich Hayek, if only governmental restrictions were abolished, the free market would offer the ideal number (and diversity!) of financial products. Competition in the "fiat money sector" would result in currencies that were incomparably better than those produced by the government, just as competition in other industries leads to low pricing and high-quality products.

Here, Roger Kimball presents his own contentious viewpoints on the matter.


Anthony TrollopeAnthony TrollopeLessons From Anthony Trollope and Friedrich Hayek on Money

by Roger Kimball

When it comes to money, most politicians are curiously divided in their minds.

On the one hand, they aren’t averse to spending gobs and gobs of it—millions, billions, and trillions.Friedrich HayekFriedrich Hayek

Just think of the obscene $1.7 trillion spending bill that’s just about to come down on your children, their children, yea, even unto the seventh son.

People used to say that Republicans were the party of fiscal restraint. But, how many just voted for this orgy of fiscal incontinence, larded as it was with “earmarks,” a euphemism for pork.

There’s always more, our masters seem to think, where the last batch of fantasy money came from.

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Rusia da otro paso en su política anti europea derivada de su agresión expansionista a Ucrania

El 26 de mayo de 1997 se estableció, sobre la base de la letra c) del apartado 2 del artículo K.3 del Tratado de la Unión Europea, el Convenio relativo a la lucha contra los actos de corrupción en los que estén implicados funcionarios de las Comunidades Europeas o de los Estados miembros de la Unión Europea [Diario Oficial C 195 de 25.6.1997]. El Convenio está destinado a luchar contra la corrupción en la que estén implicados funcionarios europeos * o funcionarios nacionales * de los Estados miembros de la Unión Europea (UE). Rusia se aísla así de los convenios e instrumentos inter-nacionales que la vinculaban con el resto de Europa.

 

 

Rusia se retira de convenio europeo contra la corrupción

Moscú, Ene.9 (AP). Rusia se retiró de un convenio europeo contra la corrupción, luego de salirse del Consejo de Europa debido a sus acciones en Ucrania.

El presidente ruso Vladimir Putin pidió a la cámara baja del Parlamento, la Duma Estatal, que pusiera fin a la adhesión al convenio del Consejo Europeo sobre la lucha contra la corrupción que Rusia firmó en 1999. Aún no se ha fijado la fecha de la votación, pero se espera que sea pronto.

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COP 15: Acuerdo histórico a favor de la biodiversidad mundial

También conocida como la Conferencia de las Naciones Unidas sobre Biodiversidad, la COP15 es la decimoquinta reunión de las Partes del Convenio sobre la Diversidad Biológica (CDB) que establece 21 objetivos y 10 hitos que los gobiernos deben cumplir a más tardar en 2030. Estos incluyen proteger un mínimo del 30% de los océanos y la tierra del mundo, reducir el uso de pesticidas en al menos dos tercios, eliminar los desechos plásticos y aumentar los recursos financieros dedicados a la biodiversidad a, por lo menos, US $ 200 mil millones anuales.

 

En la cimera sobre la biodiversidad en Montreal, Canadá, los países participantes han pactado que en 2030 haya, al menos, el 30% de las zonas terrestres, marina y de lagos protegidas.

Es un gran paso para conservar la biodiversidad del planeta. Nunca antes la biodiversidad había estado en un lugar tan alto en la política mundial. El camino no ha sido fácil ya que la última conferencia de biodiversidad fue celebrada hace 4 años y en motivo del Covid-19 se ha ido aplazando. En principio tenía que celebrarse en China que es quien tiene la presidencia de la conferencia, pero al final ha tenido una co-presidencia junto al Canadá por la política de Covid 0 en el gigante asiático.

Cop 15 in MontrealEl acuerdo ha llegado a última hora antes de que terminara la conferencia, los acuerdos in extremis ya empiezan a ser un clásico como ya vimos en la COP 27 de éste mismo año. En el que a pesar de grandes conflictos como la Guerra de Rusia y Ucrania o la crisis energética que vive Europa con la subida del precio de la luz y del gas que las compañías de la luz repercuten en los consumidores hace que sea difícil llegar a acuerdos multilaterales.

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Turning the Tables on Russia Disinformation in Ukraine

A conversation with Jakub Kalensky, Senior analyst at the European Centre of Excellence for Countering Hybrid Threats. John Glenn, senior director of the International Forum for Democratic Studies, and Adam Fivenson, a senior program officer at the International Forum focusing on information space integrity, cohost the conversation.

Putin disinformation in UkraineLike other autocratic actors, the Kremlin deploys disinformation to confuse the public, attract allies, escape accountability, and strengthen its hold on power.

Yet a documented intensification of disinformation operations around the invasion of Ukraine has failed to sway Ukrainians, whose overwhelming support for self-determination has only risen since the full-scale invasion began.

Jacub Kalenský discusses Ukrainian resilience against Russian disinformation and his ideas for how defenders of democracy around the world can retake the initiative in the information space.

[ Audio: full conversation with Jacub Kalensky ]

Former President Donald Trump's tax returns made public by order of congressional Committee

The records reveal information that was not previously known, including loans he gave to his kids, earnings from book royalties and Melania's modeling work, and the percentage of his presidential salary that was donated to charitable causes.

House Committee on Ways and Means

 Washington, DC, Dec.30 (DP.net).– Six years' worth of former president Donald Trump and his wife Melania's combined tax returns were disclosed last Friday by the Democrat-controlled House Ways and Means Committee.

Trump fought for years to prevent his returns from being released to the public, but the Supreme Court in November declined to block the release to the Democratic-led committee.

The House committee examined six years of Trump’s personal returns, as well as those of eight of his businesses. While the committee earlier published a report and some documents that revealed details about the Trumps’ income and taxes paid, the panel on Dec. 30 made the full set of tax documents public. However, according to the law and to IRS regulations they may be released by court order to investigators but not to the public at large.

In order to address the current violation of these privacy laws and regulations, the House approved a measure that would codify the mandatory presidential audit policy into law with stricter requirements, such as "disclosure of certain audit information and related returns in a timely manner," and a requirement that the IRS issue an initial report within 90 days following the submission of a president's tax returns.

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