Does Saving Cause Lending Cause Investment? (No.)
Some data to debunk a widely-held belief about the relationship between saving and investment.
Read more...Category Archives: Economic fundamentals
Demonetisation: India’s Stress Test
Did India’s sudden removal of 86% of hard currency from circulation achieve its aim of fighting corruption? And how much did it hurt growth?
Read more...Trumping Capitalism?
Will Trump change capitalism, and if so, how?
Read more...Brexit: Why Rescue by Trump, Meaning Via a US-UK Trade Deal, Is a Fantasy
Just because Trump gets on with Boris Johnson and Nigel Farage does not mean that a trade pact with the US will be a salvation for the UK.
Read more...Why the Pursuit of Shareholder Value Kills Innovation
Why are public companies not terribly innovative?
Read more...Johnson: Elites Eying the Exits Signals America’s Crisis
The elites think they can hide from the pending collapse of civilization.
Read more...How the Media Continues To Aid Trump
The media overinvests in covering Trump’s antics at the expense of his corporate-friendly policies.
Read more...Consternation as Trump Starts Delivering on Campaign Promises While Making More Crazy Attacks on Critics
As with his campaign, the Trump Presidency is loutish, thin-skinned and thinly staffed, disorderly….and taking ground.
Read more...re: F@ck Work?
Why the Job Guarantee versus Universal Basic Income is not about work, but about governance.
Read more...Three Theories Behind the Global Productivity Slowdown
A discussion of mainstream views on productivity growth slippage, plus a pet theory from Yves.
Read more...Baby Boomers Retirement Begins To Drain Cash in the US
Baby boomers must start retirement account withdrawals at age 70 1/2 and some do earlier of necessity. Will that affect markets?
Read more...Finance and Growth: The Direction of Causality
Too much finance is highly correlated with slower growth. But which comes first?
Read more...Bill Black: Obama Loved Austerity and the New Democrats Remain Addicted to It
Black blasts Obama for prescribing austerity and presenting it as good for Americans when it is good only for financiers and the rich.
Read more...A Tale of Two Countries: Nigeria and the U.S.
How the US and Nigeria wound up with increasingly similar systems, such as centralized, presidential-focused politics.
Read more...Helicopter Money: Loved, Not Spent
Another monetarist myth bites the dust. Consumers overwhelmingly say they would not spend helicopter money.
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