Europe

Paul Summerville • November 6, 2014

Institutional bias and contrasting legal norms means that the practice of QE is practiced very differently by central banks.

Bloomberg -- Not All QE Is Created Equal as U.S. Outpunches ECB-BOJ 

Paul Summerville • October 4, 2014

Can the developed world break out of the Japan trap? 

Telegraph -- Is it time for central bankers to unwind their policies?

Paul Summerville • February 28, 2013

Commentary on Syria’s terrible disintegration, helping out, the Turks and Kurds inch toward peace, saving the GOP, Italy’s bad election, the global economy in 2050, Paris in 1900, and the change in work.

Syria collapses.

Economist -- The country formerly known as Syria
As sectarian divisions deepen, the war is changing the country beyond recognition.

Tippy toeing in.

Paul Summerville • February 26, 2013

Commentary on Japan’s population decline, worthless coins, heading towards legal cannabis, poverty before capitalism, sentimental equity investing, and political reform in Canada.

Some strange thoughts.

Paul Summerville • February 10, 2013

Commentary on declining fertility rates in the Muslim world, tired and huddled masses, cap and trade in New England, less living on $1.25 a day, the female board member European bottom line, the revenge of the deer, and what does fewer fires mean for firefighters.

Poor and old.

Paul Summerville • January 29, 2013

Commentary on the 0D30 controversy, European amnesia, the liberal Obama, why Joe and Hillary won’t run, hungry dragon, lazy mob, Europe’s deadly demographics, and the future battle over 3D manufacturing.

When hiding behind fiction is wrong. (ed’s note – spoiler alert, the last part of the movie depicting bin Laden’s assassination was just as fascinating as the pursuit and decision to launch the mission).

Paul Summerville • January 14, 2013

Commentary on the truth behind the Cuban Missile Crisis, post-50 retirement horror, American demographics, is the Euro crisis over, abortion access imperiled, squeezed centre, that inflation genie, and the duty to consult.

Dark cloud over Camelot or the Cuban obsession.

Atlantic -- The Real Cuban Missile Crisis
Everything you think you know about those 13 days is wrong.

The age 50 Rubicon.

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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.