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The Latest Breaking News from Milton Friedman

Fighting inflation doesn’t directly cause unemployment – but that's still the most likely outcome

You may have seen the news: in its attempts to tackle inflation, the Reserve Bank is going to increase unemployment. The idea can even seem to come right from the mouths of experts, including the bank’s governor, Adrian Orr. Speaking recently to an industry conference, he said:

The Conversation

Economist Ha-Joon Chang: the Tory mini-budget was like trying to bring back terrible Tex-Mex

In a mouth-watering new book, the South Korean academic fuses his twin passions of food and economics to interrogate capitalism

The Guardian - UK

Using Today's Economic Woes To Teach Teens Finance

At least we can treat the results of bad policy as case studies for what might otherwise have been dry lessons in economics and finance classes.

Reason

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The Weekly Wrap for Saturday, 15 October 2022

On Monday the Sveriges Riksbank prize (the Nobel Prize for Economics) was awarded to Ben Bernanke. We can trace the last century of American economics in his life's work. He's often described as the saviour of the last recession. But what about this one?

inkl Originals

Britain’s economic crisis offers an opportunity for new ideas – Labour must be ready

Just as the neoliberals took advantage of the mess of the 70s, so the left can offer its own radical solutions for today’s turmoil

The Guardian - UK

What we keep getting wrong about inflation

Inflation needs a monetary response, whereas the energy crunch should be met with support for struggling households

Financial Times

Florida ranked #1 for school "freedom"

Heritage Foundation report praises Florida, Arizona for big steps toward deregulating and privatizing schools

Salon

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Income redistribution or social insurance? A federal MP considers the future of the welfare state

The Albanese government has something of an embarrassment of intellectual riches, with no less than three of its MPs holding PhDs in economics. Two of them, Andrew Charlton and Andrew Leigh, are also prolific authors with at least a dozen books between them.

The Conversation

How ideology muddled inflation control in India

The agencies responsible for macroeconomic policy have hitched their wagon to Anglo-American economics

The Hindu

May Public Pension Plan Managers Use "Environmental, Social, and Governance" Investment Practices?

"[P]olitics has no place in Kentucky's public pensions.... '[S]takeholder capitalism' and 'environmental, social, and governance' investment practices that introduce mixed motivations to investment decisions are inconsistent with Kentucky law governing fiduciary duties owed by investment management firms to Kentucky's public pension plans."

Reason

Why we can’t just 'stop printing money' to get inflation down

With the Bank of Canada announcing an oversized interest rate hike this week, it might seem like central banks are coming to rescue us from inflation once again. Yet while they did play an important role in mitigating a COVID-induced recession, central banks don’t have the power to solve our…

The Conversation

Archives: March 2022

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