Month: February 2019

The Bear’s Lair: Ben Bernanke killed the world economy

This column has contended for several years, based on empirical data observations from several countries, that low interest rates worldwide were killing productivity growth. A University of Chicago paper finally provides some academic back-up for this contention and suggests a mechanism through which it takes place. There are other mechanisms also, and I would suggest […]

The Bear’s Lair: Bureaucrats grinding the faces of the poor

The OECD recently published a paper on taxation and economic development that claimed that the propensity of poor countries to tax less than rich ones is a contributor to their poverty. Thus, by raising taxes to Western levels, they could develop their economies. This view is not surprising from an organization of international bureaucrats, but […]

The Bear’s Lair: Will Britain 2019 follow Czechoslovakia 1948?

It appears increasingly likely that the British people will be forced into a “People’s Vote” re-running the Brexit referendum of 2016. For those of us around during the Cold War the term “People’s Vote” has a familiar ring, similar to the “People’s Republics” and People’s Democracies” of Communist tyranny. This therefore begs the question: is […]