Today is Labour Day in New Zealand – and given I’ve written about “co-ordination” so recently I can’t do one of those posts where I talk about public holidays as a co-ordination device. Instead I intend to discuss the costs and benefits of “jobs” – or the costs of benefits of supplying your labour 😉
Over on Kiwiblog I saw the title “tax system has got more, not less, progressive“. I thought that sounded interesting, but after looking at the post, and Bill English’s initial release, I realised that this was actually false. Danyl from Dim Post was right when he notes:
It appears an OIA request has made government ministry advice relating to loan-to-value ratio limits on mortgages available. The Herald article is here: Reserve Bank. Treasury. MBIE. Linking is not approving.
Some recent post on the necessity of microfoundations that I found interesting. Issues about microfoundations. Why you don’t need rigorous microfoundations. Update: Zombie Marx – illustrating the similarities between Marxism and Neo-classical economics. ht Guan. I agree with these in part, especially when it comes to macroeconomics (whether this is appropriate depends on your view on […]
I have just moved house, and while doing so I discovered a bunch of old books that my brother had loaned to me. One of these was the Foundations of Economic Thought (1990) – a good title, so I figured I’d give it a bit of a read. Within the book is a series of self-contained […]
Via Mark Thoma, I spotted this piece in the Washington Post about the US Fed’s mandate. I disagree with this piece. But, it is well laid out and argued – which makes it a good piece! So let us go through the reason why I take issue: