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Syria & the Return of Liberal Interventionism 27 Aug 2013 | 09:24 pm
I don’t know which side of the Syrian Civil War used chemical weapons most recently. Both sides have access to them, to different degrees, as the rebels have taken over a number of former Syrian army ...
Obama Talks Bubbles & Bubble Avoidance 20 Aug 2013 | 04:13 pm
Barack Obama is focusing his economic rhetoric on the dangers of bubbles: President Barack Obama, who took office amid the collapse of the last financial bubble, wants to make sure his economic recov...
Why Savers Should Put Up Or Shut Up 18 Aug 2013 | 02:44 am
There is an idea popular in certain circles that low interest rate policies are stealing from savers. When the economy went into freefall in 2008, central bank interest rates were lowered to the zero ...
On Policy Uncertainty… 11 Aug 2013 | 05:42 pm
Paul Krugman says that the notion that the weak economy is due to policy uncertainty has been thoroughly debunked. The Stanford/Chicago uncertainty index has considerably fallen: Without any consider...
Of Obamacare & Part-Time Jobs 6 Aug 2013 | 02:42 pm
On healthcare and healthcare costs, I try to take a pragmatic approach. I’m for whatever combination of market and government that can deliver the best quality healthcare for the most possible. I am n...
Minsky, the Lucas Critique, & the Great Moderation 2 Aug 2013 | 03:54 pm
Last week, I noted that the post-2008 world had provided an astonishingly good test for Milton Friedman’s notion that stabilising M2 growth was an effective antidote for economic depressions. Bernanke...
Will Gold Be a Medium of Exchange Again? 31 Jul 2013 | 07:43 pm
While gold is widely held as a store of purchasing power, and while it is possible to use gold as a unit of account (by converting its floating value to denominate anything in gold terms), gold is no ...
Is the British Economy Finally Recovering? 26 Jul 2013 | 11:12 am
The British government would like us to believe that the British economy is finally recovering after a quarter of 0.6% real GDP growth, which if sustained over a full year would equate to 2.4% annuali...
On My Enthusiasm For Solar Energy 21 Jul 2013 | 06:04 am
I am a solar energy enthusiast. The energetic parts of the universe are clustered around stars. We sit here on this dusty ball of rock and water, heated continually by the Sun. The difference between ...
What Do Rising Numbers of Welfare Claimants Really Mean? 14 Jul 2013 | 03:41 am
As we know, food stamp claimants are soaring to new highs. But this just mirrors the numbers of people who are jobless: This isn’t a product of people getting lazy and choosing to live off the state....