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    Economics, Politics / deficits, inflation, interest rates, plutocracy, Republicans, stimulus, tax expenditures, tax reform /

    Taxes: 1970’s Redux?

    November 14, 2017

    Taxes. What a problem. I was going to start by saying something about our current national debate about taxes, but that would have been an untruth. We are not having a debate. Instead we are all sitting on the sidelines whilst the Republican Party desperately tries to cobble together a tax plan in order to […]

    Economics / primary knowledge, secondary knowledge, theory of the firm /

    Speculation

    October 25, 2017

    Robert Locke’s excellent discussion of the different perspective presented by a tacit-knowledge rather than explicit-driven driven enquiry into economic matters prompts me to reprise my understanding of the purpose of a business firm. Put briefly: a business firm exists to translate what is often called tacit knowledge in to what is called explicit knowledge. An alternative […]

    Economics, Politics / healthcare, healthcare reform, Trump, Trumpcare /

    Spite as Policy

    October 17, 2017

    There’s not much to say, but let me say it anyway: Last week Trump simply stopped pretending he wants to make policy based on thought. He revealed, instead, that his primal driving force is to humiliate and stomp on anyone who stops him being in total control. Since Congress failed to deliver a “repeal and […]

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