The FINANCIAL -- After two years, long time columnist Frank Klobucar is leaving Georgia and he will no longer be contributing to this premier newspaper. I want to use this opportunity to thank him for his hard work in bringing readers up to date through numbers and offering his unique perspectives on Georgia. Of course I am also grateful for the continued professional collaboration with the Financial.

The FINANCIAL -- According to a rumor circulating among economists, there exists an econometric study which shows that the economy of a nation is doing worse the more great economists it produces. While this may be a myth, casual observation suggests that the correlation between the economic performance of a country and the quality of its economics profession is indeed unclear.

The FINANCIAL -- Investing in renewable energy is becoming more and more popular in Georgia following the adoption of the Decree of the Government of Georgia (GOG) on renewable energy development in April 2008.

The FINANCIAL -- Last week, we argued that political decision makers have a tendency to overregulate a society, as new laws, even useless or harmful ones, create the impression that politicians are addressing problems in a society.

The FINANCIAL -- Regulations apparently address problems of a society in a quick and uncomplicated way, and the call for regulations therefore is one of the most effective weapons in the arsenal of populists.

The FINANCIAL -- As has been shown in several editions of this column, Georgians are generally unhappier with their lives than their regional neighbors, but are more hopeful for the future.

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