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WeblogBahamas
Nassau N.P. Bahamas
Human Action...Not Political Design
Interests: Reading, Economics, Jogging,
Recent Activity
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There's been a lot of sound and fury in the press recently about some elite people getting contracts without bidding and accumulating unpaid bills at the public utility companies. Those of us that attempt to live within the bounds of decency submit bids via the "fair" process outlined by government... Continue reading
Posted 3 hours ago at WeblogBahamas.com
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Image from Tribune242.com “…mere legality is a lousy way to be a human being”. Allegations continue to flow out about the lack of financial discipline of the recent PLP government and the benefits that appear to have accrued to their cronies. The latest evidence suggests “a company owned by the... Continue reading
Posted 4 days ago at WeblogBahamas.com
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Bahamians are wondering how they can get on BPL’s privileged list that allows people to rack up electricity bills of thousands of dollars without paying. Turns out you just need to be a parliamentarian, senator, senior civil servant or a church and you are in according to a former parliamentarian.... Continue reading
Posted 6 days ago at WeblogBahamas.com
by Sarah Skwire This article was originally published on FEE.org. Read the original article. One of my favorite sayings comes from the now defunct web-comic A Softer World. “It was a sweet day when I realized,” reads the comic, “legal and illegal had nothing to do with right and wrong.”... Continue reading
Posted 7 days ago at WeblogBahamas.com
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So the IMF has suggested income tax to solve our fiscal woes… Instead of looking at their proposed remedy, I suggest we look at the cause of the fiscal problems. Simply put it has been fiscal imprudence by successive governments that has caused this. Yup, spending more than they take... Continue reading
Posted Sep 17, 2017 at WeblogBahamas.com
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Dear Editor, The IMF is bemoaning the fact that commercial banks in the Bahamas are reluctant to lend, they no doubt concerned about increasing their significant number of nonperforming loans, the Bank of Bahamas recently requiring additional recapitalization at the expense of the tax payers for that very reason being... Continue reading
Posted Sep 16, 2017 at WeblogBahamas.com
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Join The Nassau Institute at The University of The Bahamas Tuesday, October 3, 2017 for a lecture by Peter Leeson on ”“WTF?! An Economic Tour Of The Weird” in the lecture hall at the Harry C. Moore Library at of The University of The Bahamas starting at 6:30pm. The event... Continue reading
Posted Sep 15, 2017 at WeblogBahamas.com
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Yesterday's post... reminded me of free market reforms Chile began implementing during the regime of former dictator Augusto Pinochet and his successors, and the socialist reforms implemented by Venezuelan dictator Hugo Chavez and his successor. As luck would have it, I stumbled across a comparison of the two nations at... Continue reading
Posted Sep 14, 2017 at WeblogBahamas.com
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With a Hat Tip to Dr. Alex Chafeun who posted a link to Dr. Friedman's speech referenced here on his Facebook page. One of Dr. Milton Friedman's books that has had a profound impact on me is Capitalism and Freedom not to mention his epic book and TV series Free... Continue reading
Posted Sep 13, 2017 at WeblogBahamas.com
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by Thomas DiLorenzo The American economic system has been transformed from a capitalist system with pockets of "crony capitalism" (profits earned through government connections instead of customer service) to a system of crony capitalism with pockets of real capitalism. This transformation was the result of a 225-year ideological debate over... Continue reading
Posted Sep 12, 2017 at WeblogBahamas.com
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From The Fraser Institute "Around the turn of the 21st century, Alberta and Ontario could both boast of having comparatively sound public finances relative to most other provinces. In recent years, however, serious fiscal problems have emerged in both provinces. Alberta and Ontario were once fiscal leaders in Canada, but... Continue reading
Posted Sep 11, 2017 at WeblogBahamas.com
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Feeling grateful that Hurricane Irma passed most of our islands without significant damage or loss of life. So sorry for those people here and nations south of us that were so badly hit but hopeful for them. It's time to worry about the folks in the US now in her... Continue reading
Posted Sep 10, 2017 at WeblogBahamas.com
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When will we stop using this seriously stupid Saffir-Simpson Hurricane Wind Scale? It confuses everybody, even the professional weather forecaster; how many times during the reporting of Irma have we heard a forecaster correct himself? “Irma is weakening, it’s now a Cat. 4 … err … sorry shouldn’t say it’s... Continue reading
Posted Sep 10, 2017 at WeblogBahamas.com
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Who would have a thought the few days of this hurricane's life would feel like an eternity? Be safe everyone. Continue reading
Posted Sep 8, 2017 at WeblogBahamas.com
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Many countries and states are legalizing cannabis. And it’s a dangerous experiment, because the most vulnerable, our teenagers, will do more drugs. Dead Wrong®. Find out why in this short video clip with Free To Choose® Media Executive Editor and Cato Institute Senior Fellow Johan Norberg. Share Dead Wrong with... Continue reading
Posted Sep 7, 2017 at WeblogBahamas.com
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Well it looks like we're in for nasty weather. As the hurricane models keep changing, they are getting closer together so it looks like our conditions will be worse late Friday night Saturday morning. Thankfully at this point it does not look like the eye will go over us (i.e.... Continue reading
Posted Sep 6, 2017 at WeblogBahamas.com
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In yesterday's Nassau Guardian we're told "The government issued a statement yesterday advising that price gouging and similar schemes to spike prices in the preparation for and wake of a natural disaster are considered “criminal offenses” under the terms of the Price Control Act and the regulations under that act."... Continue reading
Posted Sep 5, 2017 at WeblogBahamas.com
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So a proposed Bill they vehemently opposed while in Opposition is one of the first pieces of legislation the new FNM administration returns to Parliament with this month? Bahamians had lost trust in the last PLP Government giving the current FNM administration an overwhelming mandate to clean the mess up... Continue reading
Posted Sep 4, 2017 at WeblogBahamas.com
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Grappling with slow economic growth and “stubbornly high unemployment” the French government is following through on their election campaign plans “to make the labor market more flexible.” “The measures meant to foster growth, reduce the nation’s stubbornly high unemployment and revolutionize the way the French work…” Read more here… There... Continue reading
Posted Sep 3, 2017 at WeblogBahamas.com
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by Sean Malone Sean Malone is the Director of Media at FEE. His films have been featured in the mainstream media and throughout the free-market educational community. This article was originally published on FEE.org. Read the original article. From time to time, I see lists on the internet that propose... Continue reading
Posted Sep 1, 2017 at WeblogBahamas.com
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by Richard Coulson First published in The Tribune, Wednesday, August 30, 2017. The new FNM government of PM Doctor Hubert Minnis has enjoyed the usual grace period of 100-plus days. Now the hard questions begin. When does the page turn to change course from a PLP regime guilty, at least,... Continue reading
Posted Aug 31, 2017 at WeblogBahamas.com
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Mr. Philip Beneby, Chairman of the Consumer Protection Commission (CPC) says businesses are not passing import tax reductions on to consumers and his agency is apparently going to “fix” that. Read more here… A reduction in import taxes today will not show up in prices tomorrow if a company already... Continue reading
Posted Aug 30, 2017 at WeblogBahamas.com
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On Sunday I lost not only a distant cousin but a friend. Larry suffered the effects of a debilitating heart issue quietly and with dignity. He leaves behind a wonderful family; his wife Joanne, daughters Aliya Carey and Casey Smith and son-in-law Matthew Carey. Larry would always tell you what... Continue reading
Posted Aug 29, 2017 at WeblogBahamas.com
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Catching up on the news after a brief holiday it was curious to read that the Police are warning about an “several alleged “asue” companies have been accused of scamming persons out of thousands of dollars”. More… While I am genuinely sorry for people that get scammed by alleged shysters... Continue reading
Posted Aug 28, 2017 at WeblogBahamas.com