Friday, May 15, 2009

Wednesday, May 13, 2009

Milton Friedman and Richard Nixon: World Renowned Socialists

Why hasn't anyone mentioned the fact that Friedman and Nixon advocated a Family Assistance Prgram Negative Income Tax system to supplement and reform welfare and create incentives for poor families to work.

Norway, Dutch Disease, and Saving

Saw this article about Norway today. It seems obviousl that countries with resource wealth can use savings to keep their economy stable during a global recession like the one we're in. But this very saving can also have impacts on that country's exchange rate, as well as on wages and returns to capital that stymie investment in manufacturing sectors during normal times. It's known as dutch disease.