Bad Governance and Corruption in Countries: What Causes It?

by Elliott Morss, Morss Global Finance

Introduction

In earlier writings, I have pointed to the primary shortcoming of democracy as a form of government. Special interest groups get what they want via lobbying and campaign contributions while the general question of what is good for the country is put on the back burner.

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What, Me Worry?

by John Mauldin, Thoughts from the Frontline

“Forget the past. The future will give you plenty to worry about.”– George Allen, Sr.

“I try not to worry about the future, so I take each day just one anxiety attack at a time.”– Tom Wilson

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The Interaction of Economists and Money Cranks in the Depression Years

by Philip Pilkington

Article of the Week from Fixing the Economists

Recently I ran a post that briefly delved into the connection between Keynes and the money cranks of the 1920s and 1930s. There I showed that Keynes’ ideas cannot be said to have been influenced in any substantial way by the money cranks. Rather they were an outgrowth of a modifying of his earlier views, put forward in his Treatise on Money and taken from the Swedish economist Knut Wicksell.

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Rising Job Tenure and Its Tradeoffs

June 15th, 2017
in employment

by Timothy Taylor, Conversable Economist

Given the tumultuous changes in the US economy in recent years, I would have guessed that average "job tenure"--that is, the average time that someone with a job has held that job--was declining. My guess would have been wrong. Henry R. Hyatt and James R. Spletzer present the evidence that job tenure has been mostly on the increase since about 2000 in "Shifting Job Tenure Distribution" (U.S. Census Bureau, Center for Economic Studies, May 2016, CES 16-12R).

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Can You Afford to Reach 100?

June 12th, 2017
in demographics, macroeconomics

by John Mauldin, Thoughts from the Frontline

“I often joke that 100 years from now I hope people are saying, ‘Dang, she looks good for her age!’”– Dolly Parton

“Just because you live 20 years or 100 years doesn’t make it less meaningful. They’re both short amounts of time. So all we can do is just live in that time, whatever time we’re given.”– Ansel Elgort

“If I had more time, I would have written a shorter letter.”– Blaise Pascal, 1657 (and a few score other later attributions)

 

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