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Monthly Archives: August 2007
Marked to Market?
Travis Fast Does anyone remember the 1990s? Does anyone remember the deafening drone coming out of almost every mainstream think tank from the OECD to the CD Howe about how governments are necessarily inefficient because the goods and services they … Continue reading
Tagged Banking/Credit
1 Comment
Time to batten down the hatches
Travis Fast I gave a friend a solid piece of advice back in June. Call your broker and get him to put you into safe waters if he can find it: low risk, no return is better than what is … Continue reading
Moral Hazard
Travis Fast Do you feel better now that the world has been made safe from the prospect of moral hazard by rewarding the financial markets with massive liquidity on the cheap and easy? The problem with the Keynesian notion of … Continue reading
Tagged Banking/Credit
4 Comments
The Invisible Hand and the Central Banks Handouts
By Travis Fast What a week hey! Do you remember that econ class where right after you were introduced to the invisible hand in the form of some bullshit general equilibrium model and then you were led to the inextricable … Continue reading
Political Scientists are Smarter than Economists?
Travis Fast Now I do not know what the scores are for Canada but according to the GRE statistics reported here, it appears that in two out of the three categories political scientists have superior GRE scores relative to their cousins … Continue reading
A lesson for Minister Flaherty on perfect competition
Yesterday, Federal Finance Minister Jim Flaherty asked business leaders to pass on savings on imports from the higher Canadian dollar: “I won’t name the companies, but have spoken to some business leaders about ensuring that they pass along savings … … Continue reading
A quick thought on Miller’s budget play
Here’s what I don’t understand about Toronto Mayor David Miller’s failed attempt to introduce new taxes, including those on land transfer and vehicle licensing. Immediately after the vote, Miller suggested that a wide range of services would have to be … Continue reading
