Category Archives: Doomsday scenarios

Signs of Recession Are Hitting Europe—And Its New Central Bank President May Not Be Up for the Challenge

Europe, or more specifically the Eurozone, has a deficient bank regulatory framework which may be tested by economic weakness and wobbly banks. Having Christine Lagarde at the ECB’s helm is not likely to be a plus.

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Carbon Dividends: A Plan for Earth’s Survival that Can Survive U.S. Politics?

Yves here. Carbon dividends are a way to create support for setting a price for carbon. None other than those starry-eyed granola heads at Financial Times called for setting a price for carbon in 2007. Pigovian taxes (ones meant to discourage activity, like transactions taxes) should typically not be seen as revenue generators, since you […]

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Nobel Economist Angus Deaton: Inequality is Destroying Democratic Capitalism

Angus Deaton argues that the present level of inequality is a threat to “democratic capitalism” but contends that historically, even more severe inequality has been reversed.

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“We Wargamed the Last Days of Brexit. Here’s What We Found Out.”

Yves here. It seemed fitting to post again on Brexit, if nothing else to commemorate, if that’s the right word, Boris Johnson becoming Prime Minister of the UK Wednesday afternoon. It’s not a good omen that the EU has felt compelled to debunk Johnson’s campaign claims about Brexit that have been taken up again by […]

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