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From Bloomberg: U.S. Representative Mike Pence, chairman of the House Republican Conference, said he plans to introduce a bill tomorrow that would end the Federal Reserve’s dual mandate, forcing the central bank to focus on inflation. “It’s time for the Fed to be solely focused on price stability and not the recently announced QE2,” said […]
I have recently seen an increasing number of attacks on “neo-classical” economics from every section of the political spectrum. Last week, I heard a number of commentators at the sustainable economics conference claim that neo-classical economics was: Based on falsified views of the individual, Static, Had no supply side. Then I saw an attack on […]
I said before that I have a few issues I will go into with the 2025 Taskforce report – but not today. When saying that I also discussed an article from Fran O’Sullivan – I used both these things as a starting point for discussing why I felt there was a statist bias among the […]
As an economic forecaster, the idea of “seeing the future” is no doubt of interest to me. Combined with the fact that I have compared economic forecasting to tarot card reading, it would seem that I have a prior belief that the ability to see the future exists – but in fact, I very much […]
Economist’s View has again come out in favour of a financial transactions tax. Now I believe the version of the tax that Mark Thoma supports is different from the one we hear about from the more left wing parties in New Zealand (see here and here and here) – specifically, it is supposed to only […]
(ht SMBC) Its true – if you think about an issue it is probably hidden in an equation somewhere 😉