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Deindustrialisation & Male Jobs
A whole lot of pundits are spending column inches trying to explain the cruel reality of the last forty years — stagnant wages for full-time male workers, and falling wages for men as a whole: And...
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The Next Industrial Revolution
Large, centrally-directed systems are inherently fragile. Think of the human body; a spontaneous, unexpected blow to the head can kill an otherwise healthy creature; all the healthy cells and tissue in...
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Hurricanes and Broken Windows
It is relatively easy to debunk the Broken Window fallacy, the idea that hurricanes or more generally the destruction of capital may be a tragic economic stimulus. Indeed, much has already been written...
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Who Should Be Giving Thanks This Thanksgiving?
Not the wider public. Our financial system is broken. Our political system is broken. Oligarchs and their cronies reap easy rewards — bailouts, crony capitalism, corporate handouts, liquidity...
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Gun Control? No, Drone Control
The terrible massacre committed by a mentally-disturbed man in Newtown, Connecticut last Friday has prompted lots and lots of calls for gun control in the United States, as well as some calls for more...
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Too Big To Jail
What’s worse than unjust and ineffective laws like the failed War on Drugs and the failed sanctions on Iran? Unjust and ineffective laws that apply to ordinary folks, but not to banksters: When the...
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The Growing Probability of a One State Solution
The unstoppable force of Israel’s settlement movement is about to hit the immovable object of Israel’s desire to be a Jewish-majority democracy. Israeli politicians may have paid a whole lot of...
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Why Modern Monetary Theory is Wrong About Government Debt
I’ve taken some criticism — particularly from advocates of modern monetary theory and sectoral balances and all that — for using total debt rather than just private debt in my work. The modern monetary...
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FBI Labels Occupy As Terrorists
It’s disturbing enough that the FBI and Department of Homeland Security determined to investigated Occupy Wall Street as a “domestic terrorist” group. But the reality is even more absurd than that. Via...
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Humanities Scholars Baffled By Math
Via the Wall Street Journal: In the latest study, Kimmo Eriksson, a mathematician and researcher of social psychology at Sweden’s Mälardalen University, chose two abstracts from papers published in...
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Do Creditors Exploit Debtors, or Vice Versa?
I’m asking this question because I think a proper understanding of the answer is a giant leap toward grasping the geopolitical realities of the relationship between America and China. This discussion...
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Judge, Jury & Executioner
I’ve criticised Rand Paul in the past on a few issues, but none of my previous doubts and nitpicks can dilute the sheer brilliance of his almost-thirteen-hour filibuster. The absurdity of the legal...
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The Gold Bull Market Is Over
I tweeted on Friday morning: I’m going to start work on a piece entitled “The Gold Bull Market Is Over”. I might be wrong, but it seems that way. — John Aziz (@azizonomics) April 12, 2013...
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Why the Gold Crash? The Failure of Inflation to Take Off
One of the key features of the post-2008 gold boom was the notion that inflation was soon about to take off due to Bernanke’s money printing. But so far — by the most-complete inflation measure, MIT’s...
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In The Long Run We’re All Dead
Niall Ferguson’s bizarre attack on John Maynard Keynes which he has now apologised for — claiming that Keynes’ lack of children led to him taking an irresponsible attitude to the long run — has...
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What America Really Thinks About Obamacare
When I see discussion of Obamacare in the media and especially on blogs, I often see the impression that Obamcare is a communist scheme to impose socialised medicine in the United States: Actually,...
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The London Real Estate Bubble
In October, London real estate asking prices jumped 10%. In my view is kind of parabolic-looking jump has developed out of quite a silly situation, and one I think is a good exhibit of just how...
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Would you cuddle a stranger for $80 an hour?
Cuddling feels great. But cuddling also has lots of quantifiable medical benefits. It releases the trust hormone oxytocin, which creates a sense of well-being and happiness, and endorphins, which are...
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Is there life on Jupiter’s moon?
The hunt for alien life just made a pretty big breakthrough. Unfortunately — or perhaps fortunately — we’re not anticipating flying saucers on the White House lawn anytime soon. Instead, scientists...
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Rich people prefer productive companies while the poor prefer shiny lumps of...
Gallup’s poll on Americans’ favorite investments always makes fascinating reading. Every year, Gallup asks Americans to choose the best investment from the following choices: Real estate, stocks and...
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