Commentary on face booking to a new constitution, financial bloggers of note, some helpful charts, dumb tax policy, and the manufacturing revolution.

Iceland uses social media to write a new constitution. Thanks to Julia of Montreal.

Mother Jones -- Iceland Is Crowdsourcing Its Constitution
Just after the United Nations declared internet access a human right, Iceland is crowdsourcing its constitution.

Related.

Pdf below –  A Proposal for a new Constitution for the Republic of Iceland

A personal view of the best financial bloggers.

The Reformed Broker -- 2011: The Year in Financial Blogging
Here's a roundup of 18 or so items - The Year in Financial Blogging, 2011

The economic and investment cycles.

Just over 6 years ago in the campaign for the January 2006 election Stephen Harper promised to cut the GST from 7% to 5% a move which saved the average Canadian family $78 a year and cost the federal government $15 billion plus interest.

The economic lunacy of this move – it guaranteed a government deficit once economic growth fell below 2% -- underlines once again the risk of faith based policy.

Globe and Mail -- So-called tax breaks don’t shrink governments, they swell deficits
Starving the beast is the foundation of conservative budget thinking.

More.

The tax cut myth and its impact on our prosperity and well being. Welcome to junk politics.

TVO -- Big Ideas: Alex Himelfarb on the consequences of tax cuts
How Did Taxes Become a Bad Word? The Former Clerk of the Privy Council, Alex Himelfarb, discusses why we should be investing more, not less, in our future.

The future of manufacturing. In the very disruptive technology department by Peter Marsh.

Financial Times -- Production processes: A lightbulb moment
The emergence of technologies such as three-dimensional printing offers manufacturers big and small the ability to combine the opposing goals of efficiency and flexibility.