Bogan ka daalaco, daawo oo ka dhagayso warar sugan iyo aragtiyo hufan oo dhexdhexaad ah!
Monday, July 23, 2012
You clever old goat
- And Dr Bihi sets out to "educate" the boy in the ways of finance. Jude likes stories, so he tells him the story of how he, the doctor, became a billionaire back in Somaliland by way of a single goat, creating a culture of futures and electronic trading of goats that swept the world markets, producing hundreds of billionaires in a free market dedicated to the theories of Adam Smith (born 1723), the recognised father of capitalism. The explanation is blindingly simple, exquisitely obvious, and overwhelmingly rewarding (the good doctor explains it a lot better than my economics lecturers at university), in all its tempting lures. The bubble created ends up "earning" 14 trillion dollars profit for the United Nations before it bursts in the "invisible" hand of Adam Smith.
This benefactor of mankind is, after all, far greater than those who believed in a controlled economy and regulation, such as Stalin and Mao, his theories allowed to triumph in Somaliland where there was no government to speak of, and therefore trade was not overburdened with regulation. Just as will be the case in Ireland under Charles J Haughey, Dr Bihi enthuses to his young acquaintance.