Central Banks

Paul Summerville • April 15, 2016

What I’m listening to. 

"Coffee Cantata" BWV 211: "Ei! wie schmeckt der Coffee susse"

Changing our world.

Sunday Times Magazine-- From YouTube to Our Tube

It’s pushing to be the planet’s most powerful broadcaster with the launch of its subscription service. CEO Susan Wojcicki tells us why YouTube is no longer just for the kids.


Paul Summerville • February 9, 2016


What I’m listening to.

Symphony No.6, Pastorale Beethovan

The state, oil companies, and stakeholders need to work this one out.

Globe and Mail -- Our energy economy should be celebrated, not shunned

Making second class citizens.

Paul Summerville • January 30, 2016

What I’m listening to.

String Quintet No. 5 in D major (K. 593) - Mozart 

Washington Post -- Venezuela is on the brink of a complete economic collapse

The only question now is whether Venezuela's government or economy will ... collapse first.

Paul Summerville • February 8, 2013

Commentary on the state of dating, public health in the UK, central bank rethink, making Pulp Fiction, canceling early, Bolen Book’s make over, and back in the news (kinda).

Are on-dating technologies making long term relationships even more difficult? You don’t have to bump into someone at Bloomingdale’s anymore.

The Atlantic – A Million First Dates
How online romance is threatening monogamy.

Paul Summerville • January 3, 2013

Commentary on measuring make up, free media on the internet, Mark you got some ‘splaning to do, why the Chinese government is so worried about orgies, London looking the EU in the eye, bye Ravi, and Canada’s Bobby Sands moment.

Does makeup matter?

New York Times -- The Power of the Rouge Pot
Some would argue that makeup empowers women, others would say it’s holding them back from true equality.

Paul Summerville • December 2, 2012

Commentary on the risk in the bond market, getting real about saving for retirement, why do so many lottery winners go bankrupt, the death of Benazir Bhutto, central banks, and the risks in Canada’s housing market.

Bubble or not?

Paul Summerville • October 20, 2012

Commentary on fun with facts, immigration mistake, central bank worries, goner Greece, and inequality.

Romney and Ryan play wac-a-stat.

Business Week -- The War Over Economic Facts
Lies filled the Long Island air on Oct. 16 at the second debate between President Barack Obama and Republican challenger Mitt Romney.


Paul Summerville • October 11, 2012

Commentary on the history of public debt, the problem with central banks and austerity, Russian rabbit hole, Germany bends, and David's economics.

With central banks long entered into new monetary no-person’s lands, a call for fiscal expansion despite high debt levels.

Paul Summerville • September 10, 2012

Commentary on losing a loved one to dementia, central banks getting radical, taking US-Japanese relations to a new level, why Baltimore's failing, walking in Conrad’s Congo shadow, Japan’s unemployed university students, and bringing truth to power.

A long goodbye.

New York Times Magazine -- How My Mother Disappeared
The meatloaf fooled me.

Paul Summerville • March 20, 2012

Commentary on which direction central banks, America’s inefficient health care system, North Korea back in the news, embracing anxiety, and Toronto’s hot real estate market.

Which is the villain, financial crisis or high oil prices?

Financial Times -- Central banks must address rising oil prices
In 2008-9, chaos in global financial markets led to a large recession across the world economy.

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Twin Virtues: Inequality of Outcomes & Equality of Opportunity©

Twin Virtues

Ultimately, the most successful societies find the balance between the twin virtues of inequality of outcomes and equality of opportunity.

The new politics must marry the twin virtues of unequal outcomes and equality of opportunity.

When too few get too much everybody loses.

Feminism is about women living their lives on their own terms, marshalling the resources of the society to make that possible, and men embracing this as vital to a successful society and their own liberation.

Can it be that striving for equality of opportunity however imperfect the process not only benefits the individual but also creates benefits for the society that are unintended but wonderful?

Economics must be a 'moral enterprise' as much as politics claims to be. Economic outcomes need to be framed in terms of right and wrong not just efficiency if only because these often align in surprising ways that are good for society and the economy.

My vision of Canada is that any Canadian child from a family of limited circumstance can expect to have a chance at lifetime of unlimited opportunities.

Free trade is a wonderful thing. Time and time again economists have proven that free trade creates enormous wealth for each country 'on the whole'. Historians have shown that free trade is usually associated with rising political, social and cultural liberty. The perennial problem is that free trade always creates tremendous disruption for thousands even millions of individuals often concentrated in one geography, and where the state is idle, not investing in best in class instruments of social justice, free trade can be a permanent ticket out of the middle class, down, not up.

Tax policy should be founded on the principle of generating steady tax revenues sufficient to maximise environmentally sustainable economic growth in order to fund fair government.

Public policy should be designed to decrease inequality before the law and increase equality of opportunity.

Capitalism is not the problem; the problem is what we do with capitalism.

Content is always more difficult to argue than conspiracy.

Let the state regulate and the market operate (most things).

Welfare strategies are best designed as a hand up, not as a hand out.

Political debate should not be fact free fighting.

Explanation lasts longer than eloquence.

Always favour empowerment over dependency.

The most enduring public figures are embraced for the causes they fought for and not the concept of themselves they hoped others would remember them by.

Find your voice and don't be the echo of somebody else.

It is possible to operate on two different levels: the practical, cautious and conservative; and the realm of ideas, open, free, and radical.