Paul Summerville • août 23, 2012

Commentary on unascending American blacks, the zombie Euro, China’s neurosis, America`s job machine needs tending, badly taught economics, the Bank of Japan`s China warning, and the return of the toothache with pus.

A powerful summary of what America blacks have been and will likely be up against.

Paul Summerville • mai 23, 2012

Commentary on how to buy happiness, India’s ID challenge, Japan’s blind spot, maybe devaluing the Euro can save it, silly state intervention, and where to draw the line.

Be happy.

New York Times -- The Right Way to Try to Buy Happiness
Money can’t buy happiness.

How India will create ID for everybody. Thanks to Jeremy of Tokyo.

Paul Summerville • mai 11, 2012

Commentary on Greece exiting the Euro, economic smoke and mirrors, taxing churches, and shifting choice in Canada`s immigration strategy.


Financial Times -- Greece is falling out of Europe
The people of Greece have rejected austerity.


Paul Summerville • mai 5, 2012

Commentary on who should set interest rates, America’s 21st century depression, Euro crisis deepens, Big Mac and economics, and the Justin frenzy.

Ron Paul versus Paul Krugman.

Bloomberg – Paul versus Paul
Nobel-prize winning economist Paul Krugman and Republican presidential candidate Ron Paul talk about inflation, monetary policy and the role of the Federal Reserve.


Paul Summerville • mai 3, 2012

Commentary on the ugly meter, US energy independence and Canada, the Euro dilemma explained, debating deflation, food fear, and Shaw's food bank drive.

Beauty is in the eye of the beholder.

Los Angeles Times -- Daum: Beauty in the eye of the app
The urge to judge -- someone's face or their way of life -- has become less a transitory impulse than a way of life.


Paul Summerville • avril 5, 2012
Paul Summerville • février 25, 2012

Commentary on investing, the line between religion and the civil code, the fight for the soul of the GOP, the dangers lurking in the bond market, the split personality of economics, and Harpergate.

Uber-investor Jeremy Grantham’s long essay on getting through the next decade alive. Thanks to David of Victoria.

Pdf below – The Longest Quarterly Letter Ever


Paul Summerville • août 16, 2011

Articles on the need for Eurobonds, being careful about Canada, Warren Buffett blows the whistle on ‘job creators’, Michael Lewis on where Germany’s head is at, a new role for Canada in the world, the dollar’s reserve status, is obesity a reason to take away a child, and travel notes.

Eurobonds or bust! Thanks to David of Victoria.

Pdf below  -- Outside the Box

Pride goeth before … Thanks to David of Toronto.

Paul Summerville • juillet 17, 2011

Articles on the debt ceiling, the importance of Italy to the Euro (and us), Canadians taking on less debt, the dreadful impact of shrinking working age populations, innovation in Japan shifts to soft, Australia’s carbon plan, and Rebekah arrested.

Bi-partisan debt.

Keep up with CEF!

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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.