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 […]


Towards a re-balanced China

Since the start of the opening-up and reform period in 1978, the rest of the world has been stupefied by China’s long period of very high growth. Now all we hear about is that growth is slowing down. Further, this time the chinese authorities are not offsetting the slowdown by large fiscal and monetary stimuli: […]