The US economy is rolling along at present because interest rates are so low. The Federal Reserve slashed the target range for the federal funds rate to 1.5-1.75 percent during its October meeting, the third rate cut so far this year, amid muted inflation pressures and concerns about the economic outlook. But at the same […]
On Wednesday, the Federal Reserve cut interest rates, even though the unemployment rate is low and overall economic growth remains decent, though not great. According to Jay Powell, the Fed’s chairman, the goal was to take out some insurance against worrying hints of a future slowdown — in particular, weakness in business investment, which fell […]
The Economist Magazine published this article on how to tax the rich. Good reading. DURING HIS lesser-known run for president, which began in 1999, Donald Trump proposed levying a wealth tax on Americans with more than $10m. He may soon find himself campaigning on the other […]
IT IS not clear precisely how Donald Trump will govern, the extent to which he will carry out some of his scarier promises on trade and immigration, and who will be his economics top brass at the Treasury and in the White House. But a decent first guess is that President Trump will be bad […]
The Economist magazine has published an interactive chart on the worldwide cost of living. One surprise in the survey was Russia. According to the study, Russia, scheduled host of the 2018 FIFA World Cup, that has seen the biggest decrease over the last year, with St Petersburg and Moscow tumbling 51 and 63 places down […]
My favorite magazine is The Economist. It has published its annual outlook for the new year. To read about the world in 2012 click here.
I love The Economist magazine, and one of the many reasons why is their “Big Mac Index” they assemble each year. Their sub-title of the article on the Big Mac Index is “What do burger prices tell us about the reliability of official inflation figures?” Below is a graph I borrowed from The Economist. The […]
Does it make economic sense to provide a Guaranteed Income to people in Canada? Myself and others believe it does. The idea of giving money to the poor without strings is not new. It melds altruism and libertarianism, saying both that the best way to fight poverty is to put cash in poor people’s pockets […]