António Costa's beggar attitude, asking for the EU Commission funds for Covid19 recovery is symptomatic. This text from (in Portuguese) from João Miguel Tavares explain it terribly well.
Tuesday, 22 June 2021
Thursday, 17 June 2021
Five Lessons from History - Morgan Housel
This is a great blog post about lessons from History - I recommend reading it.
The five key lessons, as Morgan Housel highlights them are:
- "People suffering from sudden, unexpected hardship are likely to adopt views they previously thought unthinkable";
- "Reversion to the mean occurs because people persuasive enough to make something grow don't have the kind of personalities that allow them to stop before pushing too far"
- "Unsustainable things can last longer than you anticipate"
- "Progress happens too slowly for people to notice; setbacks happen too fast for people to ignore"
- "Wounds heal, scars last"
Wednesday, 16 June 2021
Green belt and road
Great FT article on the new G7 initiative - the "green belt and road", to support environmental change (and one more thing).
Monday, 14 June 2021
On Meritocracy
This is a very relevant blogpost about an upcoming book. It debates the idea that meritocracy is at the heart of prosperity and economic growth - even more than democracy. It also leaves a few cautionary notes to the Western world. A really good read.
Saturday, 5 June 2021
Thursday, 3 June 2021
There it comes
With the pandemic, huge amounts of cash have been (are being) printed. A necessary tool to help fight recession, keep jobs and the economy afloat. But there it comes the price to pay - inflation has not been so high since 2008. 3.3% em Abril, nos países da OCDE.
Tuesday, 1 June 2021
EU tax benefit
Is there a study showing what is the benefit of an euro paid in tax in the European Union? Meaning... what is the benefit it creates socially and economically vs the benefit of staying in the taxpayers' pockets?