Showing 1 - 4 of 4
US can't rely on inflation shamanism
News, Published on 23/09/2024
» Google "shamanism" and you will find that it is "a tradition of part-time religious specialists who establish and maintain personalistic relations with specific spirit beings through the use of controlled and culturally scripted altered states of consciousness." Every element of that definition applies to monetary policymaking today, as illustrated by the reaction to the US Federal Reserve's Sept 18 decision to cut the short-term interest rate by 50 basis points.
America's 'new' China narrative hits the stands
Oped, Published on 24/08/2023
» Three recent articles in The New York Times have signalled a "new" narrative about China. Only weeks ago, China was America's fearsome "peer competitor" on the world stage. But now, we are told, it is a wounded dragon. Once a threat by dint of its inexorable rise, now it poses a threat because it is in decline.
The IMF's botched attempt to help
News, Published on 18/06/2015
» The International Monetary Fund's chief economist, Olivier Blanchard, recently asked a simple and important question: "How much of an adjustment has to be made by Greece, how much has to be made by its official creditors?" But that raises two more questions: How much of an adjustment has Greece already made? And have its creditors given anything at all?
CSI: Hogwarts
Life, Michael Ruffles, Published on 22/07/2013
» The Boy Who Lived stands over the charred corpse, the lightning scar on his forehead and the police badge on his hip glistening in the Miami sun. The medical examiner, a curly-haired Muggle, explains how an accelerant was used to burn the murder victim. "Well," Harry Potter says, pausing to don his sunglasses in the seconds before the CSI theme music starts. "You should always expecto petroleum."