US

Paul Summerville • avril 19, 2016

Edward Burra, from The Snack Bar (1930), Tate Britain.

What I’m listening to. 

Pieces de Clavecin: Suite No. 2: Courante No. 1

No clue.

Financial Times -- Britain’s friends are right to fear Brexit

Despite absurd attempts to deny this, nobody knows what would follow a vote to leave the EU.

Related.

Paul Summerville • novembre 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 • septembre 28, 2014

Tomorrow, and tomorrow, and tomorrow. 

New York Times -- How to Stop Time

Paul Summerville • août 24, 2010

In the China overtakes Japan category. The attached article was published in July 1993.

Paul Summerville • mars 25, 2010

Our position has been that the cost of being wrong about climate change is so much greater than being right that action is imperative. The Economist has two outstanding pieces that set out this case that are required reading for anyone interested in the fate of the planet. Ok, a little over the top, how about anyone who would like to sound very convincing at dinner parties. The US and Russia are on the verge of an agreement to make big cuts in their nuclear weapons and delivery systems.

Paul Summerville • mars 23, 2010

The political courage of President Obama and Speaker Pelosi in driving the health care debate to its legislative conclusion in the face of unrelenting opposition (Republicans; insurance companies; self-serving media) and Shakespearean-like bad luck (the death the Ted Kennedy and election of Scott Brown) will be required in Canada to end Canadian health care exceptionalism. In the end, whatever you may think of the tone of the debate, there was a debate. Canada needs to do the same.

Paul Summerville • mars 22, 2010

Now its Canada's turn. Typically smug Canadians watching the to-and-fro and occasional crash-and-burn of the US health care debate confident that all Canadians have health care coverage need to be reminded that Canada's system is not sustainable. A combination of prevention, funding, and delivery solutions that will eventually include more private delivery (already about 25% of Canada's health care is privately delivered) needs to be put on the table for action. We'll soon see that this debate in its own way is as divisive in Canada as elsewhere.

Paul Summerville • mars 21, 2010

The United States passes game changing health care legislation. Yes they could.

The price of getting old, why Chris Hitchens is a bad guy, why Paul Krugman is dangerous, why passing health care reform in the United States will doom America, the problem with debt, and the science of Epigentics.

It took about a century but the United States has changed the face of the country.

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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.