ZERO CASH: ZERO PROBLEMS?
How another recession might require some creative solutions.
How another recession might require some creative solutions.
Facing an affordable housing crisis, it may be time for the big apple to rethink zoning.
With inequality at record highs, the consequences of economic inequality should be thoroughly examined.
With interest rates at or near zero across developed economies, concerns increase over the effectiveness of monetary policy to prop up ailing economies. By Adrian Pietrzak JULY 2016 Amidst the financial calamities of 2007 and 2008, many quickly foresaw a recession of historic proportions. While historic the downturn was in size, The Great Recession’s lasting bad taste is its’ real claim to fame: recovery rates have been abysmal. Too was the crisis unique in its response; divided and debt-laden governments’ defaulted to central bankers, who did much of the heavy lifting. Yet, their effectiveness may be diminishing. TRAPPED December’s interest rate hike marked the Federal Reserve’s first increase in over nine years. Comparatively, this is expedient. One month later, the Bank of Japan lowered rates to negative 0.1%, despite nearly 17 years of stimulus at zero. Likewise, the European Central Bank has expressed no interest in raising its already negative rates. These negative rates are bold; they signal a strong desire to stimulate the economy at the possible expense of private banks. While …
GLOBALIZATION’S POLARIZING EFFECTS ARE NOW CAPITALISM’S NEWEST CRISIS By Adrian Pietrzak When Donald Trump announced his candidacy back in June of 2015, insensitive remarks and a deviation from standard political decorum should have been the most anticipated addition to the already noisy political ruckus. Few foresaw that the billionaire who has reaped the rewards of global economic liberalization would turn against his golden-egg laying goose. In a dramatic (and well documented) turn of events, Donald Trump has transformed the party of free trade and entrepreneurship into the one defined by protectionism, skepticism towards globalization, and reversion to an old order of economic production: a role traditionally reserved for union-loving, “fair trade” Democrats. A political void emerges, and few are willing to publicly support globalization. A RUST BELT PARADOX: EVERYONE LOSES From above, disassociation from the globalist consensus that has held in centrist politics seems bizarre. A slew of new technologies, cheap consumer goods, and product differentiation has led to massive aggregate welfare gains. Supporters of trade liberalization look with awe upon …
As fewer and fewer firms swallow up a larger chunk of the economy, America faces a serious competition problem.