There is a point to keep in mind following the state of the union address in the USA. We may believe that more redistribution is required to meet/maintain our social contract. That is fine. We may believe that more redistribution is “morally right”. That is fine. But lifting taxes in of itself isn’t redistribution. The …
Category Archive: US economics
Permanent link to this article: http://www.tvhe.co.nz/2012/01/25/a-note-on-redistribution/
Nov
21
2011
Should the US really keep blaming the exchange rate with China?
Bemoaning the Chinese exchange rate when talking about the structure of the US exchange rate is looking increasingly unreasonable. I don’t think either country should be messing around with trade policy and intervention, and I think they are both doing irresponsible things. But if we are just going to look at the exchange rate lets …
Permanent link to this article: http://www.tvhe.co.nz/2011/11/21/should-the-us-really-keep-blaming-the-exchange-rate-with-china/
Nov
17
2011
A point on NGDP targeting and inflation expectations
I’m increasingly hearing people call for an NGDP target. I’m not really convinced it is superior to inflation/price level targeting to be honest. Let me discuss below.
Permanent link to this article: http://www.tvhe.co.nz/2011/11/17/a-point-on-ngdp-targeting-and-inflation-expectations/
Nov
16
2011
The top 1%: A few facts
There have been protests about the amount of income going to the top 1%. In of itself, I have never thought we could tell too much about what is the “right” distribution of income with a certain number – after all, we would expect the top 1% to have significantly more income in some sense. …
Permanent link to this article: http://www.tvhe.co.nz/2011/11/16/the-top-1-a-few-facts/
Nov
04
2011
More protesting for the sake of it: Economics students
I know what its like to be a student, and feel like you know everything there is to know. But the truth is that you don’t, you really don’t. And that is something that the students walking out of Econ 10 should realise. I learnt this the easy way – I listened to my lecturers, …
Permanent link to this article: http://www.tvhe.co.nz/2011/11/04/more-protesting-for-the-sake-of-it-economics-students/
Oct
14
2011
A message to tomorrow’s protesters
Update: The protest that I’m arguing against in the first half of the post isn’t till the 5th of November (thanks Seamus!). However, my main critique in the second half applies to both protests insofar as the first protest is focused on inequality again. Personally I AGREE with a some of the issues being put …
Permanent link to this article: http://www.tvhe.co.nz/2011/10/14/a-message-to-tomorrows-protesters/
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