Category Archives: Maynard Keynes
South Korea Introduces World’s First Robot Tax
In case you missed it, South Korea has introduced what is being called the world’s first tax on robots amid fears that machines will replace human workers, leading to mass unemployment. Of course, one can’t actually tax robots so what they’re actually doing is changing the corporate tax code to provide disincentives for capital investments […]
“The Western Status Quo Political System Is Collapsing Into ‘Something Else'”
Authored by Ben Hunt via EpsilonTheory.com, Michael Corleone: I saw a strange thing today. Some rebels were being arrested. One of them pulled the pin on a grenade. He took himself and the captain of the command with him. Now, soldiers are paid to fight; the rebels aren’t. Hyman Roth: What does that […]
The Long Run Economics Of Debt Based Stimulus
Authored by MN Gordon via Acting-Man.com, Onward vs. Upward Something both unwanted and unexpected has tormented western economies in the 21st century. Gross domestic product (GDP) has moderated onward while government debt has spiked upward. Orthodox economists continue to be flummoxed by what has transpired. What happened to the miracle? The Keynesian wet dream […]
Kyrgyzstan’s Central Bank Urges Citizens To Own Gold
"Gold can be stored for a long time and, despite the price fluctuations on international markets, it doesn’t lose its value for the population as a means of savings," Kyrgyzstan’s Central Bank Governor Tolkunbek Abdygulov said, "I’ll try to turn the dream into reality faster." A landlocked nation perched between China and Kazakhstan is embarking […]
The End Of The Dollar Standard
Submitted by Charles Gave via MauldinEconomics.com, I find myself in the strange situation of cheering Donald Trump’s nascent program of economic renewal for the US, while worrying deeply about the domino effect that may topple a dollar-based global financial system whose health has relied greatly on benign neglect by the United States. The good news […]
Quantitative easing has pernicious effects that favour the wealthy
By John Buttler, originally published in the The Guardian. John is vice president and head of wealth services for Goldmoney and a consultant to Cobden Partners, an economic consultancy. It is time to start calling QE what it is: a hidden tax on the wealth of middle-class savers and pensioners The prolonged unconventional, quantitative […]
John Maynard Keynes’ “General Theory” Eighty Years Later
Authored by Antonius Aquinas, To the economic and political detriment of the Western world and those economies beyond which have adopted its precepts, 2016 marks the eightieth anniversary of the publication of one of, if not, the most influential economics books ever penned, John Maynard Keynes’ The General Theory of Employment, Interest and Money. Sadly, […]