Hayek in Vienna

Friday, November 04, 2005

Rest in the mountains

The first thing they said about blogging was that you need to post regularly to get readers. So in the first month I've broken that rule. Here's why: I've been doing what Hayek did on a regular basis, taking time off to think and collect myself in the mountains. I've been away from the net (or at least broadband and I don't surf with dial-up anymore, just check the mail..). After a terrible summer with too much rain its been the warmest October in memory and the Austrian mountains are just beautiful and relaxing at this time of year. Just getting away was great and the delights of harvest time in a rural area with fresh produce, wine, chestnuts and pumpkins really rounded it out. If it hadn't been for the papers it would have been even better. First, fall vacation should be regulated rather than decided on by individual schools, then the great "world savings day" € 113 billion on passbook savings accounts at rates of 1/2 percent with inflation at 2 % and a tax of 25% on interest, it's time this country got a really working capital market! The government is in discussions with the rail workers union, seems they again want to raise the retirement age from 53 (!) and maybe change the work rules so that the estimated 12000 employees that everyone agrees are not currently needed in the basic rail business can at least be transferred to another job in the company (since everyone employed before 1996 is a civil servant they can't be fired). O.K. next time I take a few days off no papers! But I really have to agree with Hayek, there are few ways to relax and think like a bit of work and walking in the mountains.

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