An Apostate Indicts Our Educational System
Michel Gibson was on the road to a career in the academic world. He was about to begin a Ph.D. program in philosophy at Oxford, when he realized that a professorship wouldn’t give him the freedom for deep, independent thinking and writing he longed for. He began to think deeply and independently about what has […]
ADP jobs report January 2022:
Job creation in the private sector plunged in January as weather-related issues sent workers to the sidelines, payroll processing firm ADP reported Wednesday. Companies added just 106,000 new workers for the month, down from an upwardly revised 253,000 the month before. Economists surveyed by Dow Jones had been looking for a gain of 190,000. Most […]
Rishi Sunak faces crunch decision on post-Brexit Northern Ireland
Rishi Sunak is facing a big test of his authority as he agonises over whether he can sell an outline deal on the Northern Ireland protocol to pro-UK unionist politicians in the region and Eurosceptic Tory MPs. After months of talks, negotiators have briefed Sunak, the UK prime minister, that a deal is taking shape […]
Fortunately, this isn’t the Volcker disinflation
In general, policies that bring down inflation tend to impose pain on the labor market. That was certainly the case back in the early 1980s, when Paul Volcker’s anti-inflation policy reduced inflation from over 10% to 4%, while pushing unemployment up to a peak of 10.8% in late 1982. Larry Summers has argued that the […]
Is there a fix for Japan’s markets mess?
Kuroda Haruhiko entered the Bank of Japan (boj) with a bang. Upon becoming governor in 2013, the former finance-ministry official fired a “bazooka” of easy money in an attempt to end decades of stagnation. The boj committed itself to buying vast amounts of assets and introduced negative interest rates in pursuit of a 2% inflation […]
