Zombies: Financial and Industrial

The current crisis has brought the old word “zombie” back into fashion. Originated  in some black African cultures and associated today mostly with Haitian customs, “zombie” usually designates a dead person brought back to life by means of what one calls black magic or, more precisely, its lowest form, necromancy, a time-reviled practice. Economic zombies,…

Economic Policies Move in Cycles

To say that the economy moves in cycles doesn’t seem like a great discovery at this point. But here I am referring to the cycles that occur in economic policies. They are not new. In the 70s it seemed that inflation was inevitable and necessary to reduce unemployment, but then we had the worst of…
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Golden Workers

Amid a general concern – and rightly so – about youth unemployment, there is another reality that is going almost unnoticed: the share of those over 55 that are not working. Some of them are unemployed, others are retired or out of the labor market. The first thing worth noticing when looking at this data…
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