The productivity myth
byEvery now and then, there’s a rash of commentary on national productivity. And for the British, productivity is all part of the Brexit angst,…
Economics
What should be the criteria for model selection?
byIn order to make the data “talk,” economists utilize a range of statistical methods that vary from highly complex models to a simple display…
European Bonds – warning knell or cause for celebration?
byGreek bonds have been the best performer in the Eurozone year to date IMF austerity is still in place but there are hopes they…
Fed confused about what drives inflation
byOn October 4 2017, the former governor of the Federal Reserve Daniel Tarullo in a speech at the Brookings think-tank in Washington said Fed…
The upcoming increase in interest rates
byLast week, both Janet Yellen of the Fed and Mark Carney of the Bank of England prepared financial markets for interest rate increases. The…
The worst of government poor planning: An economic argument against rent controls
by“In many cases rent control appears to be the most efficient technique presently known to destroy a city—except for bombing.”[1] Jeremy Corbyn’s announcement…
Zero Hedge: Schäuble Says Another Financial Crisis Is Coming Due To Spiraling Global Debt, “New Bubbles”
byFollowing the disappointing for Angela Merkel and her CDU German election results, which propelled the populist AfD into Germany’s political establishment with 92 members…
Lowering of tax rates without lowering government outlays cannot grow the US economy
byThe US President, Donald Trump, proposed on Wednesday October 27 2017 a tax plan that would lower the top individual tax rate to 35%…
Social destruction by the abuse of money
byIn Britain, the top 1% of earners pay over a quarter of all income tax collected, and while super-rich British residents perhaps don’t have…
