How a wider and renewed Panama Canal will reshape world trade once again…

Mostly Economics

Withing the usual cacophony on world monetray and macro matters, it is changes like these which are expected to reshape the world economy.

Canals played a major role in world trading and there has been huge politics around their construction. Panama Canal was also one such canal which overnight allowed ships to move from Atlantic Ocean to Pacific Ocean by crossing the canal instead of rounding  the South American continent coastline.

The Panama Canal is being revamped now and is being widened. It will now be able to take wider ships across Pacific:

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Price Plays an Important Role in Smoking

Different forms of tobacco were tax differently in the USA from 2009. Tobacco taxation is the only time that the Ban-it Left left believes in supply-side economics and the economics of rational addiction.

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Source: Jason Furman speaking at the World Bank via Incentives in Action – Marginal REVOLUTION.

‘Heat’ (1995)

Hayek and the Challenge of Living in a Modern Society

The first portable-cellular PC from 1989

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Regional languages of #Italy

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Hayek (1976) on the need for a #UBI

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Source: 1976 Monday Conference transcript featuring Hayek « Economics.org.au.

Europe in 1226

What is freighted by road? @TransportBlog @JulieAnneGenter

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Source: Ministry of Transport (2014). National Freight Demand Study 2014.

Bill Allen on the profitability of discrimination against women

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Source: Bonus Quotation of the Day… – Cafe Hayek from William Allen, The Midnight Economist.

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