Corona’s Surprising Productivity Surge
By Henrique Schneider Around the world, productivity growth has been slowing. In developed economies, productivity has risen by less than 1 percent annually for several…
Read MoreEconomics
Governments Have Crippled the World’s Economies. Revolution May Soon Follow.
The world seems to be on fire. A couple of months ago, the economic upswing was still firmly established, production expanded, and unemployment was…
Read MoreThree little words
“As I’ve written in past memos, I have an indelible recollection of the first book I read as a Wharton freshman in 1963. The…
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There Will Be No Recovery Without Production
Through most of the coronavirus crisis, those who have made the case for stay-at-home, reduce or stop work, and narrow the range of retail…
Read MoreSupply, demand and prices
Here is a typical statement regarding supply and demand: “if the demand for any product increases, given the existing supply, the price of that product…
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Statistical misdirection
Economists who understand credit cycles expect the current cycle to enter its crisis stage at any moment. Furthermore, it combines with increasing trade tariffs…
Read MoreTargeting nGDP Targeting
Not too long ago, we wrote about the so called Modern Monetary so called Theory (MMT). It is not modern, and it is not…
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FinTech Companies; little innovation and no reform of banking
New entrants into every aspect of banking were encouraged by two recent regulatory developments: the Open Banking initiative and the ‘sandboxing’ exemptions from regulations….
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Inflationary financing and GDP
This article demonstrates that only government borrowing in the US and UK drives GDP growth. This surprising conclusion is confirmed by long-run statistics. GDP…
Read MoreThe Financial War Escalates
Behind the scenes, the financial war between America and China is escalating dangerously into a war to secure global financial resources. At a time…
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