Page 40 - Paul Samuelson News Today

JOHANNES EISELE/AFP via Getty Images Resilience in the face of monstrous swings in the market, have shown to benefit long-term investors. We have experienced quite a fascinating year in the markets. We saw a market crash (referring to a decline of more than 20%) at the start of the pandemic, a full recovery, and currently markets are at an all-time high, both locally and globally. This would of course lead to an emotional roller-coaster ride for investors too. Nobody wants to lose money, which ...

The State of Modern Economics Peter G Klein is Carl Menger Research Fellow of the Mises Institute and W.W. Caruth Chair and Professor of Entrepreneurship at Baylor University’s Hankamer School of Business. He is also senior research fellow at Baylor’s Baugh Center for Entrepreneurship and Free Enterprise and adjunct professor of strategy and management at the Norwegian School of Economics. His research focuses on the economics of entrepreneurship and business organization, with applications...

Introduction The theme for the World Press Freedom Day, May 3, 2021 is “Information as a public good” per UNESCO, and the day was observed in Nigeria as elsewhere according to tradition. It is a day to Promote the Freedom of the Press, to Fight Against Oppressive or Tyrannical Governments that seek to curtail this fundamental right, and also a day to honour our fallen heroes – innocent journalists like Dele Giwa, Bagauda Kaltho and Chinedu Offoaro who lost their lives at the hands of brut...

Commentary: Cory Franklin - Whats missing in virus conversations? Trust Cory Franklin FacebookTwitterEmail Has the public lost faith in public health officials, who continue to communicate with so much confusion and ambiguity? During the COVID-19 pandemic, when trust should be the coin of the realm, physicians, researchers, and bureaucrats in the public health community seem unwilling or unable to articulate their message clearly and concisely. Because COVID presents a unique set of problems an...

What People Say About 3QD "I like to check in from time to time with 3 Quarks Daily." — Michael Chabon, Pulitzer Prize-winning novelist. "One of the most celebrated writers of his generation," according to the Virginia Quarterly Review. "For sheer elegance, wit and worldly wisdom when it comes to reading, editing, presenting the real news of the world... for liveliness, cosmopolitanism, range of scientific, philosophical, and literary curiosity in harvesting big and provocative ideas... for c...

April 23, 2021, 10:50 a.m. ET Emissions from a coal-fired power plant are silhouetted against the setting sun in Independence, Mo.Credit...Charlie Riedel/Associated Press This article is a wonky edition of Paul Krugman’s free newsletter. to receive it. Today’s column was focused on the remarkable announcement by the United Mine Workers that the union is ready to support the Biden infrastructure plan — if that plan helps miners and mining communities transition out of coal. This looks li...

My Secret Plan to Convert Students to Free-Market Economics and Sound Investing  Share   Share Karl Marx on his tombstone (1883) In the 1930s, the Marxist philosopher  Antonio Gramsci (1891-1937) wrote “The Prison Notebooks” while in prison. In these notebooks, he came up with a brilliant idea to convert the world to Marxism and state socialism. He rejected the Communists’ idea of a violent revolution. Instead, he advocated a long-term strategy of gradually taking over a nation’s ...

The scale of US President Joe Biden’s American Rescue Plan (ARP) – US$1 trillion in spending for this year, another US$900 billion after that, plus a US$3 trillion infrastructure and energy program that has been promised – has spooked many macroeconomists. Are their fears justified? The bank and bond-market economists, having cried wolf before, can ...

The only real inflationary danger comes from those fanning the flames of war with China, says Professor James K Galbraith.

The spirit of green: how corporates can reduce externalities at no cost to shareholders About William NordhausWilliam Nordhaus was born in Albuquerque, New Mexico (which is part of the United States). He completed his undergraduate work at Yale University in 1963 and received his Ph.D. in Economics in 1967 from the Massachusetts Institute of Technology, Cambridge, USA. He has been on the faculty of Yale University since 1967 and has been Full Professor of Economics since 1973 and also is Profe...