Tag Archives: politics

Negative Interest Rates and a Term Structure Puzzle James Hamilton provided us with another interesting discussion on negative interest rates: we now have several years of experience from Sweden, Denmark, Switzerland, Japan, and the European Central Bank in which the central bank successfully induced negative interest rates in hopes of stimulating a greater level of spending on goods and services. Please read the entire post including some interesting...

“Why are we having all these people from shithole countries come here?” Trump said, according to these people, referring to African countries and Haiti. He then suggested that the United States should instead bring more people from countries like Norway, whose prime minister he met Wednesday. and the excuse? “Certain Washington politicians choose to fight for foreign countries, but President Trump will always fight for the American people,” spokesman Raj...

So Toby Young was eventually hounded into resigning from the board of the Office for Students. I confess, I was one of those who hounded him. I thought, and still think, that his appointment was wholly inappropriate. I was not sorry to see Jo Johnson subsequently moved out of the Department for Education, either, though personally I would have sacked him. Johnson, who was instrumental in bringing about Young's appointment, defended it to the House of Commons on the extraordinary grounds...

Does the United States Have A “Poland Problem”? It certainly looks like it. Again, for anybody not having seen one of these, a “Poland problem” involves an apparent disconnect between economics and politics, nations with reasonably well performing economies where the populace becomes unhappy and supports opposition, especially “populist” nationalist authoritarian candidates, with 2015 victory in Poland of the Law and Justice Party the poster boy for...

This column was written February 16, 2016 by Jeff Jacoby of The Boston Globe and is entitled; “The man who didn’t want to be president.” It was referenced in another column by Jeff Jacoby called “The Great I Am“. After hearing Trump’s “Like, being really smart” and a “stable genius” remarks, this column “kind of fits” in reply. I would hope our Democrat candidate going into 2018 is of the same ilk for personality. NEARLY 1,000 days stretch between this...

How Trump Killed The Anti-Government Protests In Iran By very strongly and publicly supporting them and dragging the matter to the UN Security Council   Of course, his supporters have been praising his “strong action” in comparison with Obama’s quiet approach to the 2009 demonstrations, meant to reduce accusations of the demonstraters being US pawns.  Those demos went on a long time with large numbers eventually killed.  In this case, Trump has made the...

Support the Census The alarm has been sounded that Trump’s census apparatchiks are planning to include a citizenship question in the short form that will be used to generate the full count in 2020.  This count, mandated by the constitution and conducted every ten years, is the basis for voting district apportionment and formulas for allocating government services.  Since the first census was taken in 1790 the government has enumerated all residents,...

Trump celebrates his (very expensive) tax cuts for himself and his rich golfing buddies Remember how Trump sold the Republicans’ $1.5 trillion-deficit-creating tax cut plan as a boon for the middle class that was going to create jobs and raise wages?  That was in September, when he told congressional lawmakers at the White House that “The rich will not be gaining at all with this plan.”  See Washington Examiner (Sept. 13, 2017). Let me repeat that: ...

By Marc Chandler (originally published at Marc to Market) Germany does not have a government, though the election was more than three months ago.  Spain, Portugal, and Ireland have minority government.  Austria is the first government since the financial crisis to include the populist right.  The EU is trying to press Visegrad group of central European countries to conform to the values of...

By Steve Roth (originally published at Evonomics) Today’s mountains of wealth throttle the very engine of wealth creation itself. Insanely Concentrated Wealth Is Strangling Our Prosperity Remember Smaug the dragon, in The Hobbit? He hoarded up a vast pile of wealth, and then he just hung out in his cave, sitting on it (with occasional forays to further pillage and immolate the local populace). That’s what you should think of when you consider the...