There seems to be a suggestion that economic principles, and the worlds focus on them, is one main reasons why inequality has risen in a way that many are uncomfortable with. Furthermore, it is common to hear that the economic principles taught to bankers were at fault for their being a financial crisis. To me, […]
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 […]
I will be doing a free presentation to the blogsphere in Auckland on December 2, followed by a Wellington presentation on December 10. You guys have been good to me, challenging my preconceptions and helping me to develop my ideas understand (ideas was a stupid term – I never come up with anything original, I […]
That is the suggestion here from Gareth Morgan. I agree of course, I have said the same thing here before – both when raising what my policy platform would be and discussing the minimum wage more recently. It is fine to disagree with this and say “only people who are part of the labour market […]
Arnold Kling raises the issue that youth unemployment has risen disproportionately during the recession. He raises three stories and says only one makes sense – his third story: Sticky wages, Shift in demand/technology His PSST story – where it is taking time for entrepreneurs to utilise labour/match skills following a structural shock. This is all […]
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.