Group items tagged

This is a fairly recent article that talks about supply side policies implemented by the new head of the "Bank of England", Mark Carney. The article mainly discusses their new strides to reach unemployment rates, which heavily involves controlling inflation and interest rates. It is interesting how it talks about how Keynesian supply side policies were not effective post war era because they let inflation spiral out of control. The author believes in Mark Carney's aggressive take on the issue as it plans to control inflation, unemployment and has a contingency plan.

The Adam Smith Institute has stated that "only supply-side reforms which allow increases to the supply of British housing will truly solve the affordability problem and solve the housing crisis." Access to finance was the reason why the housing crisis ensued in the first place.

Discusses how housing issues in the UK can be solved by using supply-side policies

This article is interesting as it treats the supply-side in relation to the Eurozone crisis. It provides insight to its relation with the economic crisis in Europe

The governor of the bank of Thailand, Prasarn Trairatvorakul, has stated in a speech that the bank will pursue supply-side policies in order to fuel additional economic growth. Trairatvorakul believed that the country must dedicate more resources towards upgrading the "engine" of the economy. Somkiat Tangkitvanich, the president of the Thailand Development Research Institute, believes the country must spend more on research in development in order to fuel economic growth,

People in Detroit are arguing that supply side economists did not work in the past and have no reason to work right now either. Detroit is in deep trouble and they are wondering what it was that brought them into this trouble

This article mainly considers the idea that perhaps the european union necessitates reforms to increase demand, however because of their existing economic policies relying too heavily on supply side economics its would be "counter productive" and overall worse.

This article is very interesting in that it shows how a massive company like Air France is making decisions to cut spending drastically in order to reduce their production cost. On a side note, I found this article thanks to my french class, so if any of you are french / speak the language and would like a more interesting view on the topic, check out this link. http://www.france2.fr/jt/20h/

This article ties in very well with the theme of economic growth because it discusses a variety of the components that determine economic growth, for example job numbers and GDP. It is also worth noting how economists arrive at their ultimate assessment of the nation's economic health, because it truly is quite complex. Also, the stocks and shares portion of the article on the right hand side are also quite telling.

Apple has easily beaten Android through the release of iOS7. The new Apple update, iOS7, has been getting remarkable user ratings and positive criticism. Apple went deep in its research and development in order to bring something that was completely different from any previous versions.

The article is talking about the federal government which has shut down today because of an impasse over the budge and in two weeks, the nation is set to hit its borrowing limit.The major problem in the articles is that there is an oversupply of global labor, an oversupply of global productive capacity and an oversupply of global capital. The jobs created low wages and part time. Growth in domestic manufacturing is still slow which will prevent the development of a country in their own production and prevent the large amount of profit they will get as a result of the domestic production.Business spending has fallen, rents of the houses falling where home prices have increased. The reason why its hard to get out from the rut is because they are no longer faced with a world in which supply-side economic remedies, easy money, reduced taxation, fiscal belt-tightening and deregulation can spur new capacity and the creation of well-paying private sector jobs.Countries that were recently poor find themselves with huge surpluses and sovereign wealth funds. The rich countries of the world, while still rich, struggle with monumental levels of debt, both private and public, and unsettling questions about whether they can compete globally.Also to clear this mess,developed nations need to put the huge surplus of underemployed workers back to work by any means, including big public sector investments to improve infrastructure and competitiveness.Moreover, a new economic multilateral ism with the developing world, to encourage them to re balance their economics away from savings and toward consumption, while we in the West must curb our addiction to credit and consumption is necessary.

This article is explaining that negative externality is normal. It is pretty interesting as he gives an experience of his own as an example. He also defines this as a "side-effect."

This article talks about the rising tensions in the middle east and its effect on the price of oil in the world. As the middle east supplies most of the world with oil, the recent demonstrations in Libya and Egypt, and the sanctions on Iran are causing oil prices to rise. The threat of higher prices due to the fact that only a few countries control the limited oil supply in the world is causing increased pressure on the United States to release their oil supplies.

I like how you identified that all of this forces the U.S. to consider releasing their oil supplies. Some problems with this are that it is currently not possible to do so in the areas where oil is most abundant. After the B.P. oil spill, the current administration put a time ban on all off-shore drilling and new construction. If this ban were to be lifted, companies like B.P., Shell, and Marathon would begin constructing new refinement plants and drilling facilities immediately, which would significantly reduce the price of oil at home. When some people here this, their inclination is to say "the government has good reason to do this, look at what happened in the gulf, it is better to ere on the side of caution," but the sad thing is, these companies have put forth revised safety plans as well as contingency plans that have all been approved, but legally, they can do nothing. The companies own the land / water as well, which in my mind makes the fact that they are prohibited to build on land that they own that has never been part of a reserve or park seem a tad bit anti-constitutional, but until the piece of legislation is overturned, prices will continue to rise.