Central Banks: The True Centers of Political Power
Central banks are becoming the real centers of political power.
Economic Forecasters, Take Heart . . .
. . . climate change forecasting models are even worse than your own models. A paper published in the peer-reviewed Climate Dynamics ”amounts to a stunning challenge to climate science orthodoxy.” Researchers Professor Judith Curry and Dr.
Bylund to the ‘Journal of Management Studies’
Congratulations to Associated Scholar Per Bylund who writes:
I have just accepted an offer to serve on the Journal of Management Studies’ editorial board. It is a highly regarded outlet for research in management and business, and the journal was ranked (ISI) 6/116 in Business and 12/174 in Management in 2012.
Central Banks Make Liquidity Swap Agreements Permanent
On 31 October, basically all major central banks have made their already outstanding “liquidity swap agreements”permanent. According to the Wall Street Journal:
VIDEO: Peter Klein Explains the Basics of Government-regulated Healthcare
Peter G. Klein explains how “Healthcare” would work, if it functioned in a free market.
Keynes’s Ghost Continues To Haunt Economics
The Keynesian promise of prosperity springing from massive government spending is attractive to politicians, economists, and public intellectuals.
How the World Was Made Safe for Crony Capitalism
The state rarely misses an opportunity to use crisis to its advantage and crony capitalism has become one of the largest benefactors of government fixes.
The Economics of Writing Poorly
In a brilliant and entertaining new book, aptly titled Learn to Write Badly: How to Succeed in the Social Sciences, Professor Michael Billig explains why social scientists typically write so poorly. For Billig, who is not an economist, the main point is simple economics:
If we want to understand why academics today write as they do, then we should bear in mind one simple fact: in current times academics are writing and publishing as part of their paid employment.
More “inflation” does not help the economy
The New York Times and news outlets around the world continue to push the idea that higher inflation (of prices) is what the global economy needs. It is suppose to help governments, businesses, households, and jobs. This is nonsense of course. I address this issue in this interview on the Butler on Business on Business Show this week. John Cochran addresses the issue on this blog as well.
Cronies of Hillary
In the past week Hillary Clinton netted a tidy $400,000 from two speaking engagements at Goldman Sachs-sponsored events. In July and September of this year she spoke at events hosted by private-equity firms KKR and Carlyle Group, respectively. Crony capitalism just keeps rollin’ along.
