The Garden Without Gates
Martin HardieThe world seen from our garden of research. Auskadi Samizdat Books, Graphic Novels, Excerpts and more from The Garden Without Gates, an oasis of cultivation in the cool green mountains of Aileu Villa, Timor-Leste.
| Platform |  | Pricing | Only free issues | Publishes | Daily |
|---|---|---|---|---|---|
| Issues | 66 | Founded | 3 months ago | Last Issue | 4 days ago |
| Active | |||||
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martinhardie.substack.comLatest Issues
Is The Money Reaching Timor?
The central bank’s own mid-year figures say what our recent posts about the Timor-Leste Petroleum Fund have been arguing. Timor has the money, but the money is not financing Timor. Five commercial banks hold the country’s deposits, and four...
What the Fund Could Hold
The diagnosis is complete for now. The Petroleum Fund is locked into an asset whose issuer is managing its value downward. Two thirds of the fund sits in dollar-denominated fixed income, the Treasury bonds whose yield has climbed to 5.3 per...
The Man Who Built His Name
There is a document circulating on Facebook that calls itself the Timor-Leste Road Map 2050. It promises to make the country a high income nation by the middle of the century, and it does this by drawing three cities on a map and filling th...
Any Exhortation Is Weaker Than Doubt
There is a line near the opening of Zhao Tingyang’s On Possible Lives that stops you cold. He writes: “任一劝导都弱于怀疑态度,” which translates as: any exhortation is weaker than the sceptical attitude.
It took me a little while to get to grips with...
The Fund Is Already Being Spent
Last week in the Timor-Leste Budget Committee sessions on the 2027 budget, the government said what it has always said about the Petroleum Fund. The fund must be a patrimony for the future, not a solution for expenditure. It must be managed...
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Peasant farmer and consultant, ex many things, Aileu Villa, Timor-Leste
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