Stratfor: The Top Five Events in 2014

December 30th, 2014
in stratfor

by George Friedman

'Tis the season to make lists, and a list shall be made. We tend to see each year as extraordinary, and in some senses, each year is. But in a broader sense, 2014 was merely another year in a long chain of human triumph and misery. Wars have been waged, marvelous things have been invented, disease has broken out, and people have fallen in love. Nonetheless, lists are called for, and this is my list of the five most important events of 2014.

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January 2015 Economic Forecast: Some Slowing In Growth Due to Government and Business Sectors

Written by

Our January 2015 Economic Forecast continues to show a stable and growing economy – with a modest decline in growth from last month. All portions of the economy outside our economic model - except housing - are showing expansion. There are no warning signs the economy is faltering, but there are some restraining dynamics. 

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The Delusional Crowd

Age of Wisdom, Age of Foolishness (56)

Written by ,

“Add your voice to the sound of the crowd.”

The proverbial crowd was busy all over the world the last few weeks, being delusional and creating the illusion of a lynch mob in the specific localities where it was to be found.

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Taxation, Government Spending, the National Debt and MMT

December 28th, 2014
in aa syndication

Fixing the Economists Article of the Week

by Philip Pilkington

The other day my friend Rohan Grey — a lawyer and one of the key organisers behind the excellent Modern Money Network (bringing Post-Keynesian economics to Columbia Law School, yes please!) — directed me to an absolutely fascinating piece of writing. It is called ‘Taxes For Revenue Are Obsolete’ and it was written in 1945 by Beardsley Ruml. Ruml was the director of the New York Federal Reserve Bank from 1937-1947 and also worked on issues of taxation at the Treasury during the war.

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Superiority or Elitism? The Standing of Economics in Social Sciences

December 28th, 2014
in uncategorized

by Alan Harvey, Institute for Dynamic Economic Analysis

A new study finds that, compared to other social scientists, economists consider themselves elites, smarter than others, not needing to explore outside their discipline, worthy of being listened to first when it comes time to fix things; and this view may actually be accepted those other social scientists, who place themselves and their disciplines at the fringe looking in.

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