Economy
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mainly macro: Populism and Economic Prosperity
Mainstream political parties normally claim that populist parties, if they ever got to power, would damage the economy. We have clear evidence that they are right, and right in a big way. A paper in the American Economic Review (one of the top economics journals) published nearly two years ago, looked at the macroeconomic consequences of populist regimes coming…
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PRIVATE BLOG – Gold into the Crosshairs
Private blog posts are exclusively available to Socrates subscribers. To sign-up for Socrates or to learn more, please visit Ask-Socrates.com. https://ask-socrates.com/ Source link
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The Pieces Of The Resolution The Democrats DON’T Want You To See
Health care spending has been at the forefront of the Democrats’ tantrum that led to the government shutdown. Where else do they plan to send tax dollars? The continuing resolution to keep the government open for another six months has a few stipulations that should raise questions. The Corporation for Public Broadcasting (CPB) is to receive nearly half a…
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Electronic Tattoos – The Forewarned Mark Of The Beast
Bill Gates believes that electronic tattoos will soon replace smartphone technology. This is not a dystopian fable but an active plan set in motion by Chaotic Moon that was acquired by Accenture. Nanocapacitors that conduct electricity will be integrated into the body through these electronic or biometric tattoos and are activated by simple vital signs. Marketing focuses on convenience and…
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Parallels between what to do about Trump and what to do about Farage
Much as Starmer’s government has attempted to deal with Farage and domestic right wing populism by bending towards it (some might say falling over towards it), Starmer has tried to deal with Trump in a similar manner. One obvious example is inviting him for a state visit. Another was probably the appointment of Peter Mandleson as US Ambassador. The…
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Quarterly Vs Semi-Annual Earnings Reports
President Donald Trump believes that companies should cease reporting on a quarterly basis and switch to semiannual reports instead. Trump said that the concept is “subject to SEC approval” and would “save money, and allow managers to focus on properly running their companies.” JPMorgan Chase CEO Jamie Dimon and Warren Buffett also once voiced support for semiannual reporting. “In our…
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The real fiscal concern should be a populist government
Scare stories about UK fiscal policy seem a regular occurrence nowadays. The latest is the idea that the UK might have to go to the IMF for money. It’s nonsense of course. The UK government cannot run out of money because it can create reserves, just as it did when the world’s bond markets dried up at the start…
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Reform and the UK press
It was entirely predictable that immigration/asylum would become the issue voters thought was the most important facing the country. Many people relate concern about immigration or asylum seekers directly to numbers, but that is only half true. Information about numbers is mediated through the media, and in particular through the right wing press (which is most of the print media…
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When did relative UK decline begin? Productivity and the Global Financial Crisis
When did things start going wrong in the UK? Many would give the Global Financial Crisis (GFC) as the answer. Now that may be a good answer for some reasons (see below), but I want to suggest one reason that is perhaps not so good as it first appears. That reason is labour productivity, growth and living standards. Why does…
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Comment From Visitor Of Washington, DC
COMMENT FROM DC VISITOR: D.C. was clean and safe. There were some National Guard troops walking around, but most of them were just kids fooling around and taking pictures in front of monuments like the rest of the tourists. The city was skewed heavily to the left. I saw a few anti-Israel and anti-Trump protestors who seemed a little unhinged.…
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