Author Archives: bill

The Weekend Quiz – February 4-5, 2017

Welcome to The Weekend Quiz, which used to be known as the Saturday Quiz! The quiz tests whether you have been paying attention or not to the blogs I post. See how you go with the following questions. Your results … Read the rest of this entry »

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There is hope – neo-liberalism is an historical aberration

Another lesson from history coming up. People of my generation studied the great books by Charles Dickens, which apart from their literary form, left an indelible impression of life in England during the period covered by the 1834 Poor Law. … Read the rest of this entry »

Posted in Britain, Economics, UK Economy | 19 Comments

The Italian elites knew all along that the Eurozone would be a disaster

There is often a discussion about whether politicians and government officials introduce policy changes that end up being damaging to the well-being of the people are ignorant or wilful. It is sometimes hard to discern what the agendas are and … Read the rest of this entry »

Posted in Eurozone, US economy | 12 Comments

Another Milton Friedman legacy bites the dust

Milton Friedman and his gang at Chicago, including the ‘boys’ that went back and put their ‘free market’ wrecking ball through Chile under the butcher Pinochet, have really left a mess of confusion and lies behind in the hallowed halls … Read the rest of this entry »

Posted in Economics, Fiscal Statements | 9 Comments

Australian Labor Party fails the fiscal test – badly

I guess the venality of the new US Presidency isn’t creating enough news for the Australian press. On January 29, 2017, the Fairfax press wheeled out the veritable debt scaremongering in this article – Scott Morrison to lift credit limit … Read the rest of this entry »

Posted in Central banking, Economics, Fiscal Statements | 10 Comments

The Weekend Quiz – January 28-29, 2017 – answers and discussion

Here are the answers with discussion for this Weekend’s Quiz. The information provided should help you work out why you missed a question or three! If you haven’t already done the Quiz from yesterday then have a go at it … Read the rest of this entry »

Posted in Saturday quiz | 3 Comments

The Weekend Quiz – January 28-29, 2017

Welcome to The Weekend Quiz, which used to be known as the Saturday Quiz! The quiz tests whether you have been paying attention or not to the blogs I post. See how you go with the following questions. Your results … Read the rest of this entry »

Posted in Saturday quiz | 3 Comments

Upward mobility declines sharply as the rich make off with the growth

Late last year (December 2016), an interesting academic research paper was released by the National Bureau of Economic Research – The Fading American Dream: Trends in Absolute Income Mobility Since 1940 – which provides stark evidence of the way in … Read the rest of this entry »

Posted in Economics | 19 Comments

Back to the future – employment freezes – they only degrade services

A report in the The Washington Post (January 23, 2017) – The Trump administration just told a whopper about the size of the federal workforce – caught my attention earlier this week because it cut across some work I had … Read the rest of this entry »

Posted in Labour Force, US economy | 7 Comments

Mario Draghi uses TARGET2 to cower Italy into staying within the Eurozone

The new US President has now scrapped the TPP and is turning his attention to NAFTA. These are developments that those on the Left should applaud. No so the conservative, neo-liberal government in Australia which is claiming it is pushing … Read the rest of this entry »

Posted in Eurozone | 14 Comments