Category Archives: Economic Policy

The Fed’s QE Taper: Downsides and Upsides

Izabella Kaminska over at FT Alphaville recently ran an interesting piece on QE. Her main argument for QE was that it attempted to put the squeeze on rich folks and that might not be bad for an unbalanced economy. Her … Continue reading

Posted in Economic Policy, Market Analysis | 1 Comment

Inflation and Income Distribution: A Reply to the Vulgar Keynesian Policy Enthusiasts

Noah Smith has a recent post on inflation in which he urges economists to learn to love inflation. We live, as everyone knows, in a period of low inflation and high unemployment and I suppose Smith’s point is that we … Continue reading

Posted in Economic Policy, Politics | 1 Comment

Alternate Reality Economics: Left Business Observer Spiked With the Ergodic Poison

I like the Left Business Observer. I think that its well written, quite amusing and sometimes provides interesting arguments and data-points that I would otherwise have missed. It is also generally up to scratch on economics, although some of the … Continue reading

Posted in Economic History, Economic Policy | Leave a comment

The Mystery of Rising Excess Oil Capacity and Rising Prices

The following is an article that I wrote for FTAlphaville that was never run. Quite a number of people think that financial market dynamics are substantially distorting the price of oil. FT Alphaville’s own Izabella Kaminska has laid out in … Continue reading

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When Clowns Run the Circus: Economic Institutions and Intelligence Services

Adam Curtis has a new blog post out today which is as fantastic as usual. This one deals with intelligence services and how they are generally run by weirdos and idiots. This is something I’ve long been aware of personally … Continue reading

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More on Oil Market Speculation: Correction and Clarification

The other day Dean Baker ran a piece on the aluminium market scam that some of the major banks are currently involved in (more info here). I got onto Dean with regards to what he wrote on oil market speculation. … Continue reading

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Clement Atlee: Full Employment Austerian?

The following is an article that I wrote for a newspaper and was never published:   In a recent interview with The Guardian Ed Miliband summoned up the ghost of the post-war prime minister and Labour Party icon Clement Atlee … Continue reading

Posted in Economic Policy, Media/Journalism, Politics | 1 Comment

Gold Fails to React… Again

Just a quick follow up to my post on gold the other day. In that post I wrote that: In plain English: the chances of the gold price falling substantially is far, far higher than the chances of the gold … Continue reading

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The Left-Wing Case For High Oil Prices

In a previous post I outlined the debate over whether speculation is playing a role in the oil market. While I didn’t really make a case there as to which side of the fence I fall on — although it … Continue reading

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Oil Price Speculation: An Interesting Battle

Over the past decade or so a silent war has waged between sometimes obscure, and sometimes not so obscure, parties. The war is over what has caused the run-up, since 2003, of oil prices. I’d actually been fairly interested in … Continue reading

Posted in Economic Policy, Economic Theory | 1 Comment