The Federal Reserve's Distorted Economic View - Or Is It Just Spin?

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I have a hard time believing that the FOMC members actually believe what comes out of their mouths.

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Ergodicity Versus History: A Critical Commentary on the Work of Ole Peters

November 25th, 2016
in Business, Money and Banking, uncategorized

by Philip Pilkington

Article of the Week from Fixing the Economists

Lars Syll linked to a fantastic interview with the mathematician Ole Peters  that dealt with the topic of ergodicity and how it relates to economic and financial markets. First, a comment on the source.

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Know Your Facts: Poverty Numbers

November 22nd, 2016
in uncategorized


-- this post, authored by Jose Cuesta, Mario Negre, and Christoph Lakner, appeared originally 07 November 2016

The percentage of people living in extreme poverty around the world has fallen by more than half over the past three decades. But polls show that most people are not only ignorant of this fact, but believe that poverty has increased. This column explores progress towards ending global poverty by 2030, the first of the UN’s Sustainable Development Goals. Poverty figures have fallen around the world since 1990, and there is a broad consensus on the policies needed for further reductions. Eradicating global poverty is achievable, but it is dependent on global and domestic political cooperation.

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How to Rebuild Healthcare Right

November 20th, 2016
in uncategorized

by John Mauldin, Thoughts from the Frontline

“I reject the insurance model. I think we should have a free-market approach to healthcare.”– Gary Johnson

“The goal of real healthcare reform must be universal coverage in a cost-effective way.”– Bernie Sanders

“The fault, dear Brutus, is not in our stars, but in ourselves….”– Julius Caesar (I.ii.140–141)

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President-Elect Trump Is Walking Into A Zombie Economy

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It was not logical to blame President Obama for the Great Recession. On the other hand, President Obama does have varying levels complicity in the extremely weak recovery - and the current zombie economy. 

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