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What the Cyprus case tells us 23 Mar 2013 | 02:55 am
In order to understand the current problems in Cyprus, it is first necessary to know how the mess arose in the first place. Reuters have a very good background article here, and I will use it extensiv...
The Minimum Wage 16 Feb 2013 | 08:02 am
Apologies for not posting for so long. Also, this is going to be one of the shortest posts I think I have written. I occasionally browse the Mises institute, although I am not an Austrian economist (t...
Another 'automation is bad' argument.... 21 Jan 2013 | 03:03 am
I have just stumbled on a new article which is arguing that automation is not a good thing (see ref below and discussion of the article here) and this follows my discussion of Krugman's Luddite point ...
Reforming Law and Order: Drugs Reform 19 Jan 2013 | 01:49 am
It seems that it has been a very, very long time since I have posted on the subject of solutions to the UK's current fiscal crisis. My posts on the subject of reform have been mostly well received by ...
Bash the Bankers or the State? 10 Jan 2013 | 10:30 am
I don't much go in for the sport of 'banker bashing', as I see the responsibility for the failures in the banking system sitting at the feet of politicians and other policy makers. Notwithstanding thi...
Middle Earth Economics 31 Dec 2012 | 03:09 am
After so much gloom, I had to pass on this link as follows: http://worthwhile.typepad.com/worthwhile_canadian_initi/2012/12/the-macroeco.html Enjoy!
The Fiscal Cliff 30 Dec 2012 | 02:38 am
It is hard to ignore the big news of the moment, which is the US fiscal cliff. For those who are not from the US, this is a summary from the Congressional Budget Office (CBO): A host of significant p...
False Assumption, Ponzi, and the Developed World 24 Dec 2012 | 06:34 am
We are now heading towards 2013, and it very, very striking that the world is still mired in an economic crisis. It is very easy for people to be caught up in the 'events' that comprise the daily news...
The RMB as a Reserve Currency: Breaking Habits of Thought 16 Dec 2012 | 01:59 am
The economic power and influence of China continues to grow. In September, 2009, I wrote the following: The last line of reasoning I considered appears to be the most probable. It is simply that Chin...
Krugman: The New Luddite 10 Dec 2012 | 02:15 pm
I know, I post too often on Krugman's musings in the New York Times. However, I could not resist the later missive from Krugman regarding automation (robots, and I presume he also means software that ...
