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Tag Archives: Demographics

Inflation, But Only At The Morgue

Why is everyone so angry? How can socialism possibly be on such a rise, particularly among younger people around the world? Why are Americans suddenly dying off? According to one study, two-thirds of millennials are convinced they are doing worse when compared to their parents’ generation. Sixty-two percent say they are living paycheck to paycheck, with no savings and no way to get any (though they also tend to “overspend” when compared to other age groups). Worst of...

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If American Federalism Were Like Swiss Federalism, There Would Be 1,300 States

In a recent interview with Mises Weekends, Claudio Grass examined some of the advantages of the Swiss political system, and how highly decentralized politics can bring with it great economic prosperity, more political stability, and a greater respect for property rights.  Since the Swiss political system of federalism is itself partially inspired by 19th-century American federalism, the average American can...

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If American Federalism Were Like Swiss Federalism, There Would Be 1,300 States

Authored by Ryan McMaken via The Mises Institute, In a recent interview with Mises Weekends, Claudio Grass examined some of the advantages of the Swiss political system, and how highly decentralized politics can bring with it great economic prosperity, more political stability, and a greater respect for property rights.  Since the Swiss political system of federalism is itself partially inspired by 19th-century American federalism, the average American can usually imagine in...

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Talking Global Macro Investing With A 25-Year Market Veteran

- Click to enlarge By Chris at www.CapitalistExploits.at If you were rich, successful, and intelligent – which often, not always, go hand in hand together – where would you live? The last time I was in the Rockies, I remember thinking to myself. You know what, if it weren’t for the fact it’s so damn far from the beach I could actually live here. It’s really quite lovely....

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Talking Global Macro Investing With A 25-Year Market Veteran

By Chris at www.CapitalistExploits.at If you were rich, successful, and intelligent - which often, not always, go hand in hand together - where would you live? The last time I was in the Rockies, I remember thinking to myself. You know what, if it weren't for the fact it's so damn far from the beach I could actually live here. It's really quite lovely. Bite-your-hand-to-stop-you-from-crying-out-loud-lovely and if, like me, you're a sucker for snowboarding, then it's pretty hard to be...

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Sources of Low Real Interest Rates

In a (December 2015) Bank of England Staff Working Paper, Lukasz Rachel and Thomas Smith dissect the global decline in long-term real interest rates over the last thirty years. A summary of their executive summary: Market measures of long-term risk-free real interest rates have declined by around 450bps. Absent signs of overheating this suggests that the global neutral rate fell. Expected trend growth as well as other factors affecting desired savings and investment determine the neutral...

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Ageing Economies Grew Faster

That’s what Daron Acemoglu and Pascual Restrepo document in an NBER working paper. Figure 2 [below] provides a glimpse of the relevant pattern by depicting the raw correlation between the change in GDP per capita between 1990 and 2015 and the change in the ratio of the population above 50 to the population between the ages of 20 and 49. … even when we control for initial GDP per capita, initial demographic composition and differential trends by region, there is no evidence of a negative...

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