Fitting Attitude Theory in Economics: Menger and Keynes
Bank of Canada Raises Rates for First Time in 7 Years
With the economy expected to “grow by 2.8% in 2017” up from their April forecast of 2.6%, the Bank of Canada has decided to raise interest rates for the first time in 7 years to 0.75%
It may be minor, but it should be just enough for the Bank of Canada’s Stephen Poloz to cut them again when things start to get tough, and the 2.8% growth vanishes just as quickly as it was envisioned.
The High Cost of “Free” College
Tennessee Promise, and now Tennessee Reconnect, are the first programs of their kind in the United States. Through these programs designed by now gubernatorial candidate Randy Boyd, the state will pay tuition for all that seek an associates degree from a community college. They are everything that progressives like Bernie Sanders have wanted for decades. President Obama has said that they should serve as an example for the entire nation. Tennessee, one of the most conservative states in the Union, has become a champion of single-payer education.
How OPEC Became Irrelevant
The large traditional oil-producing countries — both OPEC and non-OPEC — are still catching up with the new reality. After deciding to extend the production cuts — agreed upon half a year ago — for another nine months, oil prices plunged below $50/barrel. Not quite the effect these oil giants were hoping for, but nothing out of the ordinary.
On Borrowed Time
There are a number of things you don’t want to hear a central banker say.
