Do not worry about those who make catastrophic predictions. The history of blunders of the end-of-the-world doomsayers is so vast that only a politician could ignore them. Let us remember that, according to “scientific analysis” of a few decades ago, we would have run out of oil and water already seventeen years ago. Ignoring efficiency, technology and substitution is the favorite hobby of subsidy collectors.
Continue reading Climate Summit And Social ResponsibilityFiscal Expansion, The Solution To Weak Growth?
We read everywhere that monetary policy has run its course and that now is the time to implement fiscal expansion. However, what does this mean and will it work?
Watch this short video with my opinion.
Phase One Deal And Wealth Taxes. World Economics Episode 9
In the 9th episode of my video blog we discuss:
- The implications of a “phase one” trade deal between the United States and China.
- What is a wealth tax and what are the challenges behind it?
Quantitative Easing Or Direct Monetization Of Spending?
In this short video we discuss:
- Is it true that there is no inflation?
- Is it better to do quantitative easing or central bank financing of government spending?
- What are the consequences of aggressive monetary policies?