Tag Archives: economics

Practical Economics 101

By Jim Selman | Bio

I am not an economist. Thank goodness. This is not a good time to be one. There is a wonderful overview of the field, “How Did Economists Get it So Wrong?”, by Paul Krugman in the New York Times. The bottom line is that the current situation “which nobody could have predicted” was predicted and it doesn’t take an economist to know that:

  • Nothing goes up forever,
  • People aren’t always rational,
  • We should learn from the past, and
  • The ‘house’ always wins. 

With all the theoretical back and forth between the various ‘schools’ of economic theory, one word jumps out at me: “technocrat”.

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Political Leanings

By Shae Hadden | Bio

Today is the day after the Canadian federal elections. It’s also Blog Action Day on Poverty. Admittedly, poverty is an important issue, and so are politics. Since Canadian Falun Gong activist Caylan Ford was forced to resign after lamenting there was a double standard for white supremacist terrorists, some may say that the Canadian federal elections have now become more

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