Milei’s November election win — on a pledge to rapidly overhaul Argentina’s dysfunctional economy — has triggered a burst of market exuberance. The local Merval stock index is up 28 per cent, while prices for Argentina’s closely watched sovereign bonds maturing in 2030 — some of the most liquid — have risen 22 per cent…
Argentina projection of the day
Argentina projection of the day
08 Dec 2023 Leave a comment
in development economics, economic growth, economics of regulation, entrepreneurship, financial economics, growth disasters, macroeconomics, monetary economics Tags: Argentina
Sun Sets On Subsidised Solar Scam: Solar Energy Share Prices Plummet 40% Overnight
21 Nov 2023 2 Comments
in energy economics, environmental economics, financial economics, global warming
Investors are dumping solar energy shares in the same way users discard worn out panels after their brutally short and punishingly expensive lives. Any ‘industry’ that relies for its existence on other people’s money never lasts all that long. As Margaret Thatcher put it: “The problem with socialism is that you eventually run out of […]
Sun Sets On Subsidised Solar Scam: Solar Energy Share Prices Plummet 40% Overnight
Shameless central bankers
15 Nov 2023 Leave a comment
in business cycles, economics of bureaucracy, financial economics, fiscal policy, inflation targeting, macroeconomics, monetary economics, Public Choice Tags: monetary policy
It was in mid-August that this particular bit of shameless Reserve Bank spin got going. From a post in late August It proved to be nonsense of course. Once we had access to the short little IMF piece, published at the back of the Fund’s Article IV review, it was clear that it all amounted […]
Shameless central bankers
Filling in the Gaps: Next Steps for the Fiscal Theory of the Price Level
15 Nov 2023 Leave a comment
in applied price theory, budget deficits, business cycles, econometerics, economic history, financial economics, fiscal policy, great depression, great recession, history of economic thought, inflation targeting, macroeconomics, monetarism, monetary economics Tags: monetary policy
Real ESG
30 Oct 2023 Leave a comment
in financial economics Tags: efficient markets hypothesis
If you care about corporate social impact, start measuring consumer surplus. From the NBER:An Economic View of Corporate Social ImpactHunt Allcott, Giovanni Montanari, Bora Ozaltun & Brandon TanWORKING PAPER 31803ISSUE DATE October 2023The growing discussions of impact investing and stakeholder capitalism have increased interest in measuring companies’ social impact. We conceptualize corporate social impact as the…
Real ESG
Inflation, Deflation and Debt
03 Oct 2023 Leave a comment
in budget deficits, economic history, financial economics, fiscal policy, history of economic thought, macroeconomics, monetary economics
unpleasant arithmetic hyperinflation
29 Sep 2023 Leave a comment
in budget deficits, economic history, financial economics, fiscal policy, macroeconomics, monetarism, monetary economics
Creative destruction
09 Sep 2023 Leave a comment
in financial economics, industrial organisation, survivor principle Tags: creative destruction
Just watched a documentary on Bernie Madoff and his gullible investors
06 Sep 2023 Leave a comment
in economic history, economics of crime, financial economics, law and economics Tags: active investing
Creative destruction
06 Sep 2023 Leave a comment
in entrepreneurship, financial economics, industrial organisation Tags: creative destruction
Almanac: Charles Ponzi and his “Ponzi Scheme”
27 Aug 2023 Leave a comment
in economics of crime, financial economics, law and economics
Baby Busts and Bank Crashes: A Conversation with Demographer Nicholas Eb…
20 Aug 2023 Leave a comment
in applied price theory, economic history, financial economics, industrial organisation, international economics, macroeconomics, monetary economics, population economics Tags: baby bust, economics of banking
Bernie Madoff: The Greatest Con in History
16 Aug 2023 Leave a comment
in economics of crime, financial economics, law and economics
The risk the Greens’ wealth tax poses to our economy
21 Jul 2023 Leave a comment
in applied price theory, applied welfare economics, economic history, entrepreneurship, financial economics, income redistribution, industrial organisation, labour economics, labour supply, occupational choice, politics - New Zealand, Public Choice, public economics Tags: taxation and entrepreneurship, taxation and investment
Utopia, you are standing in it! 
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