Dude, Where’s my Inflation?

It is often held as conventional wisdom that expanding the money supply means causing inflation. Those claiming this say that “printing” more money will automatically increase the prices of goods and services in an economy. In the view of many, the expansion of the money supply somehow bypasses the forces of supply and demand and…

Trumponomics: A Scatterbrained Idea

Donald Trump has been quite strange when it has come to economics. It is clear from anyone who has heard him speak that he has little to no knowledge on the subject. often he contradicts himself or makes promises that simply cannot be fulfilled. He’s entirely reliant on others for information. When they advise him,…

U.S. Hypocircy over Softwood Lumber and Free Trade

The issue of softwood lumber has been a long-standing problem of trade between the US and Canada since 1982. There have been numerous legal battles over the trade which have caused some degree of tension between the two countries. But as I will show, the U.S. outrage at softwood lumber prices is nothing short of…

What is Driving the Death of Retail Stores?

In less than four months there have been as many retail closures this year than there was in all of the last year. Sports Authority and Payless have filed for bankruptcy, while Lululemon, Urban Outfitters, American Eagle, and Ralph Lauren have hit multi-year lows. A terrible crisis is sweeping through the retail industry causing mass…

Is there a Wage Based Threshold in the Automation of Labour?

I’ve been reading up on the current stage in the automation of labour. The automation of industry seems to be more complex than Marx had originally anticipated. The main drive of automation has been the reduction in the cost of production. However, the question arises: is there a threshold, a point at which the cost…