What’s Actually the Plane of the Future

Robert Murphy testifies before the US Senate Committee on Environment and Public Works

Italy’s Mafia Uses the Old Lira as Its Own Parallel Currency

Mostly Economics

As Italy plans fiscal money to subvent ECB and Euro, there is another interesting story from the country.

Italian Mafia still uses Old Lira notes!

Italy’s proposed mini T-Bills may be pie in the sky for now, but it appears the country already has another currency floating around — the old lira.

A senior police officer revealed this week that domestic criminal organizations are still using the pre-euro currency for illicit transactions. It’s not clear how the former notes are ultimately exchanged for euros, if at all, though he said officers are still uncovering them. The lira ceased to be legal tender at the end of February 2002.

“We still discover big amounts of liras,” Giuseppe Arbore, a deputy in the Guardia di Finanza, which investigates financial crimes, said at a parliamentary hearing on Thursday. “Italian liras still constitute parts of illicit transactions.’’

Arbore’s remarks prompted amazement among lawmakers…

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An American Dilemma and Eugenics

Fardels Bear

A woodcarving of Jesus and Satan

The word “eugenic” is an unquestionably negative adjective –tagging something eugenic is to disparage it, except in the rare case of someone who attempts to resuscitate some aspect of the vilified American eugenics movement. However, if asked, it is doubtful that those who employ the term to vilify something they object to can give an accurate definition of the term. Those who turn to the history of science to define the term are likely to be frustrated. The American eugenics movement was in fact so broad and historical scholarship on it has been so profuse that by the end of the twentieth century the word “eugenics” was applied to so many different activities that it was of little use in describing much of anything. And, since every industrialized country in the world had some kind of program under the rubric “eugenics” the problem becomes more acute if we move beyond…

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Business Cycles and the Great Recession | Lawrence H. White

So @civillibertynz wants to ban one side of the abortion debate but each side thinks the ban will be on the other side’s view of when life starts

The Myth of the Rational Voter

The Numbers Game: The Paradox of Household Income

Even in the prissy EU, recycled waste ends up in landfills

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Why Do We Use Money?

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