Can I vote for Bill Clinton?
A more measured, more coherent, more realistic, more effective approach to jobs in the US by Bill Clinton compared to Obama. Â More, Clinton realises that the appropriate conversation to have at the moment is on jobs.
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Read more: Can I vote for Bill Clinton?
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Bitcoin mirth [UPDATED]
Read more: Bitcoin mirth [UPDATED]@RichardWooding sent me a link to a Wired story about a new Bitcoin wallet app for Android. I think Richard has figured I’d enjoy taking a few pot shots at this based on my past posts on bitcoins. The article is fairly balanced, indicating the recent (and trust me on this, ongoing) problems with BitCoins.…
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Transport subsidy – an idea worth exploring
Read more: Transport subsidy – an idea worth exploringI’ve been blogging recently on the causes of South Africa’s unemployment. One of the areas I’ve highlighted is the cost of transport for many of our citizens, particularly as a percentage of wages for unskilled workers. The high cost of transport is one of the reasons the minimum wage for which it makes sense to…
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Catching Krugman
Read more: Catching KrugmanI can’t confirm or deny that Paul Krugman gets his ideas from my blog, but it seems he now also agrees with my post from yesterday regarding the BIS’s inexplicable views on inflation and where we are in the cycle.
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BIS thinks we’re near international full employment
Read more: BIS thinks we’re near international full employmentThe BIS thinks that economic growth must slow or inflation will get out of control. They think there was little or no slack left for rapid non-inflationary expansion. They obviously haven’t seen the very low inflation rates in the US, particularly when you consider core inflation, the best measure of future inflationary pressures unemployment at…
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“Youth unemployment a timebomb”
Read more: “Youth unemployment a timebomb”As happens fairly often (but still a long way from all the time) I agree with COSATU’s assessment that youth unemployment is a timebomb for the South Africa. Tomorrow’s Youth Day holiday really should be a time for reflection on how we deal with this problem in a more fundamental way than short-term public works…
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creating value, economics, Emerging Markets, insight, measurement, optimisation, statistics, unemployment
The Primary Cause of Structural Unemployment in South Africa: Poor Education Standards and Policy
Read more: The Primary Cause of Structural Unemployment in South Africa: Poor Education Standards and PolicySouth Africa’s unemployment is a different creature from that in the US and in the developed world’s papers at the moment. We don’t have a cyclical lack of demand (although demand isn’t as robust as I’d like). Â We have massive, unmanaged structural unemployment in large sectors of the economy. I say “in large sectors of…
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Inflation targeting
Read more: Inflation targetingBrad De Long has a look at the risk-increasing implications of an inflation target that is too low. It’s interesting to me how the US is still so focussed on concerns about inflation being too high or USD depreciation when the real risks are unemployment and, yes still, deflation.
