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Title: Property Rights Post by: flix on July 23, 2013, 02:16:30 PM If you live in one of the countries marked in red, Bitcoin is a must-have tech.
https://fbcdn-sphotos-h-a.akamaihd.net/hphotos-ak-frc1/1001232_10151539629740848_684439988_n.jpg Title: Re: Property Rights Post by: escrow.ms on July 23, 2013, 02:21:29 PM I'm in orange zone. :)
Title: Re: Property Rights Post by: flix on July 23, 2013, 02:22:29 PM Then again... if you live in one of these.. you will probably need it too... as the first factor suffers greatly when those in charge need to find a way to finance this second metric.
https://fbcdn-sphotos-b-a.akamaihd.net/hphotos-ak-frc1/1002478_273912056085010_1188520494_n.jpg Title: Re: Property Rights Post by: BadBitcoin (James Sutton) on July 23, 2013, 03:49:49 PM Then again... if you live in one of these.. you will probably need it too... as the first factor suffers greatly when those in charge need to find a way to finance this second metric. https://fbcdn-sphotos-b-a.akamaihd.net/hphotos-ak-frc1/1002478_273912056085010_1188520494_n.jpg where is this from? a website? interesting metrics. Title: Re: Property Rights Post by: pedrog on July 23, 2013, 04:30:29 PM Is this from a children's coloring book?
Title: Re: Property Rights Post by: flix on July 23, 2013, 05:11:50 PM Is this from a children's coloring book? What.. you don't like the Eckert VI map projection? or is it Eckert IV? Title: Re: Property Rights Post by: TippingPoint on July 23, 2013, 05:22:11 PM Possibly from this site:
http://www.heritage.org/index/ The 10 economic freedoms are grouped into four broad categories or pillars of economic freedom:
Title: Re: Property Rights Post by: flix on July 23, 2013, 05:27:35 PM Possibly from this site: http://www.heritage.org/index/ The 10 economic freedoms are grouped into four broad categories or pillars of economic freedom:
Yeah, I have quite a few problems with the methodology, especially for "monetary freedom". But it is somewhat illustrative... particularly two categories: property rights and government spending. Overall I am not keen on The Heritage Foundation (especially given who their main source of funds are)... but this index in particular is probably the best that you will get from a mainstream source. It certainly has the most data, from the largest number of countries. Title: Re: Property Rights Post by: TippingPoint on July 23, 2013, 05:30:51 PM Possibly from this site: http://www.heritage.org/index/ The 10 economic freedoms are grouped into four broad categories or pillars of economic freedom:
Yeah, I have quite a few problems with the methodology, especially for "monetary freedom". But it is somewhat illustrative... particularly two categories: property rights and government spending. I like the idea, and I don't see any major errors in the classifications. I have not detected an obvious political bias in their rankings. http://www.heritage.org/index/ranking Title: Re: Property Rights Post by: flix on July 23, 2013, 05:32:45 PM I like the idea, and I don't see any major errors in the classifications. It's not the classifications, but the methodology. After all if you have to give a quantitative score for each category, you have to base it on something... look up what they use for their "monetary freedom" score: http://www.heritage.org/index/monetary-freedom Title: Re: Property Rights Post by: TippingPoint on July 23, 2013, 05:35:57 PM I like the idea, and I don't see any major errors in the classifications. It's not the classifications, but the methodology. After all if you have to give a quantitative score for each category, you have to base it on something... look up what they use for their "monetary freedom" score: http://www.heritage.org/index/monetary-freedom Monetary Freedom Monetary freedom combines a measure of price stability with an assessment of price controls. Both inflation and price controls distort market activity. Price stability without microeconomic intervention is the ideal state for the free market. Price stability should be quantifiable. Is the "assessment" of price controls too imprecise? Sources. Unless otherwise noted, the Index relies on the following sources for data on monetary policy, in order of priority: International Monetary Fund, International Financial Statistics Online; International Monetary Fund, World Economic Outlook, 2012; Economist Intelligence Unit, ViewsWire; and official government publications of each country. Anyway, it is food for thought. Title: Re: Property Rights Post by: flix on July 23, 2013, 05:43:07 PM Yeah.. so in other words they use officially reported CPI. Two problems with that:
*CPI is very unreliable in some countries (ie: Argentina, where the official figure is as much as 1/3 what independent economists estimate) *CPI does no way tell the whole story about money creation and where it goes. Money is fungible... it can just as easily go into the price of one of the goods in the CPI basket as it can go to drive up asset prices (think S&P500, Nasdaq or housing bubble). Nevertheless, despite some reservations, I agree that this index is food for thought and contains lots of useful stuff. |
