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Sunday, June 28, 2020

The Purpose and Failure of Economics

Uncertainty is one of the most essential concepts in economic analysis. It is distinctly different from risk in the following sense: 

Monday, June 22, 2020

American Conservatives Love Swedish Socialism

Another conservative American pundit suggests that Sweden and its Scandinavian neighbors are not at all socialist, and in fact worth copycatting. 

Shutdown Recovery: Job Gains in May

Here is another update on the employment situation in the private sector following the coronavirus shutdown. 

Monday, June 15, 2020

New Direction

As many of you have noticed, I have reduced the frequency of articles on this blog. I am transitioning in a new direction, which means I will gradually be able to steer this blog back toward its original purpose: to discuss theoretical, ideological and other principled issues within the broad realm of political economy. This is a transition I look forward to, one that I have been hoping to make for some time. I will update with more details as they come.

Thank you.

Friday, June 12, 2020

Trump, Cheney and American Troops in Europe

I have written many articles about Europe on this blog, especially the economic stagnation and decline taking place there. I have warned repeatedly that Europe as we know it is withering away, being replaced by a "new" continent the political and economic landscape of which is hard to predict. 

Wednesday, June 3, 2020

Closer to Negative Interest Rates, Part 1

The money printing that follows in the footsteps of the CARES Act and other coronavirus stimulus bills, is pushing our country and its economy to a place we don't want to be: negative interest rates. This is the first of two articles about what this means in reality.