Categories
Uncategorized

Why Was Trumponomics a Flop?

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 […]

Categories
Uncategorized

How to tax the rich

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 […]

Categories
Uncategorized

A Peronist on the Potomac

A PRESIDENT is swept into office after whipping up a wave of grievance and resentment. He claims to represent “the people” against internal exploiters and external threats. He purports to “refound” the nation, and damns those who preceded him. He governs though confrontation and polarisation. His language is aggressive—opponents are branded as enemies or traitors. […]

Categories
Uncategorized

U.S. political debate stuck in the past.

Excerpts from an article by Chrystia Freeland in the Globe & Mail. In choosing Paul Ryan as his running mate, Republican presidential contender Mitt Romney swapped his Massachusetts pragmatism for a proudly ideological commitment to limited government. The Democrats, by contrast, believe in the essential role government plays, and are willing to raise taxes, at […]

Categories
Uncategorized

Big Mac Index from The Economist magazine

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 […]