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Todd Suomela

Steve Keen's DebtWatch No 31 February 2009: "The Roving Cavaliers of Credit" | Steve Ke... - 2 views

  • Thus rather than credit money being created with a lag after government money, the data shows that credit money is created first, up to a year before there are changes in base money. This contradicts the money multiplier model of how credit and debt are created: rather than fiat money being needed to “seed” the credit creation process, credit is created first and then after that, base money changes.
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    Argues against the standard view of fiat-money creation by government and in favor of a credit-money view where banks drive the growth of the money supply.
Courtney A

Reagan Speechwriter: Trump's Tax Plan 'Most Faithful to Supply-Side Principles' - 0 views

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    Former Ronald Reagan speechwriter Jeff Bell found a lot to like in Donald Trump's tax plan. 'Trump's plan for tax reform is the most populist so far seen among the presidential candidates. It is also the most faithful to supply-side principles,' Bell contends.
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    Donald Trump, a U.S. presidential candidate and businessmen, holds the highest popularity in the polls, and is well-liked by Republicans because of his vision for economic reform that reflects ideals of President Ronald Reagan. Reagan believed that by lowering taxes on the wealthiest, the money would "trickle down" to the lower classes.
Todd Suomela

Economist's View: "The Predator State: How Conservatives Abandoned the Free Market and ... - 0 views

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    There is a way out, but it is not easy. Historically, regulation and standards have required acceptance by progressive business-those firms that recognized they would lose in races to the bottom. Today, corporate and public policy alike are run by the most reactionary elements, well-paid rogues that suck capacity.
Todd Suomela

Roughtheory.org » Times Like Bats - 0 views

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    I've suggested in a number of earlier posts that I see the first three sections of the first chapter of Capital as, among other things, a metacommentary on the opening sections of Hegel's Phenomenology of Spirit.
behe2016

Why We Need to Take Investment in African Development Seriously - 0 views

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    This July, President Barack Obama visited Ethiopia and addressed the African Union (AU). In doing so, he became not only the first U.S. president to address the AU in its 52-year history, but the first sitting U.S. president to ever visit the country of Ethiopia.
fernandocesarone

Monetary union road to EU prosperity - 0 views

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    The article discusses the current monetary union and it's extremely positive effect and opportunities it poses to the European union. It also mentions the common misconception that the eu is a monetary union without any political union which is wrong.
sangmeeahn

Post-Soviet trade bloc members may be exempt from Russia's bill on legionnaires in sports - 0 views

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    The Belarusian Football Union (BFU) speaks for the idea of excluding member states of the Eurasian Economic Union (EEU) from Russia's mooted bill on the limit of foreign athletes participating in Russian team sports, Sergey Safaryan, a deputy chairman of the BFU, said on Wednesday.
gmyklestad

Canada and South Korea Sign Free Trade Agreement - 0 views

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    The article discusses the Free trade agreement signed by Canada ad South Korea. The article suggests that the agreement will benefit both countries. However, this is debated in the article.
Weiyun L

Day zero or D-Day? - 0 views

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    Cuba have two currencies and issues with the exchange rates. There has been numerous exchange rates. There are also issues with a parallel exchange rate hidden from the public. The president is hoping to unify the two currencies and to support the exchange rate to become 1:1.
lizzy97

CBA fully controls foreign exchange market in Azerbaijan - 0 views

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    The dollar exchange rate versus the manat (Azerbaijan currency) has been gradually increasing since early November. It has raised concerns among the population. For example, the exchange rate was 1.0491 manat to $1 on November 2, and reached 1.0504 manat on November 11.
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    These concerns could come from the likely consequences that happen with an increased exchange rate, such as inflation. This rising exchange rate could make imported goods and services and raw materials more expensive. Making costs of living raise and costs of production for companies raise.
caelanho

Bitcoin: The opportunity costs of mining for money - 0 views

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    The future of money is to mine virtually as there will be less counterfeit and it will be easier for consumers to access their cash.
Weiyun L

The return of the supply side - 0 views

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    For the last five years Republicans have valiantly tried to blame the economy's problems on supply rather than demand. Excessive government intervention, regulation and uncertainty have raised businesses' costs and discouraged them from hiringnd extended unemployment benefits has discouraged many from working.
luigicharles

U.S. finally living up to NAFTA - 0 views

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    It's important for people to live up to the promises they make. It's important for countries to live up to the promises they make, too. The Obama administration has announced that the United States will finally begin living up to a big promise it made to Mexico 21 years ago. Both nations will be better for it.
gmyklestad

U.S. Imposes New Sugar Tariffs, but Pact May Negate Them - 2 views

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    The article evaluates the impact on US tariffs on Mexican Sugar. However, the article debates whether the impact on price is more important than protecting local industry.
lizzy97

Korea's terms of trade improve on weaker import prices in Dec. - 0 views

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    This article discuses Korea's terms of trade. Specifically, in the year of 2015, it's terms of trade have improved as a result of the weaker import prices. This relates to what we have learned in class this week as we know that one of the short term causes of change of a country's terms of trade is changes in the condition of demand and supply.
luigicharles

TurkStat: Income equality improving in Turkey | Money | Daily Sabah - 0 views

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    ISTANBUL - According to the Turkish Statistical Institute's (TurkStat) Income and Living Conditions Survey, the richest 20 percent of Turkey's population earned 7.7 times more income than the poorest 20 percent in 2013 and 8 times more in 2012.
zuzannagwadera

Treasurer Joe Hockey says Chinese coal tariffs may be waived - 0 views

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    China has intimated its new coal tariff may be waived on Australian imports if a free trade agreement between the two countries is struck, Treasurer Joe Hockey has said, raising the stakes further on the protracted negotiations.
lizzy97

Romania's current account deficit increases to EUR 906 mln - 1 views

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    Romania has an account deficit that has increased substantially from this time last year. Romania's National Bank attributes this deficit growth to the increase in the trade balance deficit and the primary income balance deficit.
lizzy97

Economy Minister: Russian Central Bank May Lower Interest Rates in 2016 - 0 views

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    This article talks about how the actions of the Central bank regarding lowering interest rates was crucial in the countries inflation rate and economic growth potential.
lizzy97

Egypt raises currency value amid disruptive dollar shortage - 1 views

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    Egypt's central bank has strengthened the pound for the first time since 2013. It has injected dollars into a banking system that has been suffering from an acute foreign exchange shortage. This relates to our unit as we see Egypt strengthening their pound through government intervention. This means they are reevaluating their currency. This means they will reap the benefits of having a high exchange rate (downward pressure on inflation, more imports can be bought, domestic producers improve their efficiency, etc.) but they of course will suffer some consequences as well (damage to export industries and to domestic industries).
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