World economy

renewables record

Irena says 2016 record breaking year for renewables

Dániel Stemler | According to the latest report by the International Renewable Energy Agency (IRENA), last year was a record year for renewables as the “global renewable energy generation capacity increased by 161 gigawatts (GW) in 2016”.


Trump accusing Obama

The Trump Lie Detector

Ian McCredie | President Trump told the House GOP conference just before the fateful health care debacle that if they did not pass the bill: “I honestly think many of you will lose your seats in 2018.” This was the day after the heads of both the FBI and the NSA publicly exposed Trump as a liar for accusing former President Obama of wiretapping Trump Tower in the run-up to last year’s presidential election.



US unemployment

Stop Talking About Unemployment

James Alexander | Scott Sumner wrote an interesting blog post on his vision of macro. It is a useful way of seeing where Scott stands today. However, we were puzzled. Should unemployment really be the centerpiece variable or should it be stable nominal spending growth at an appropriate level?


china-options

Reforms Fail to Impress Companies in China

Xu Bin and Zhou Dongsheng via Caixin | Comparing this year’s results of the China Europe International Business School (CEIBS) Business in China Survey with those from the last seven years shows what Chinese and foreign executives who are doing business in China think about issues such as overcapacity, the effectiveness of the Shanghai Free Trade Zone, and the government’s efforts at economic reform.


Trump's fiasco on health bill

Trump’s fiasco might save his performance and prevent an economic downturn

Trump’s attempt to get rid of the Obamacare health scheme has turned into a complete fiasco, and a similar fate might await his plans to revamp public expenditure. Trump’s own party mates share his will to reduce corporation tax, but have expressed deep concern about huge deficits. So much of the presidential agenda might end up in the dustbin.


Obamacare

Whatever Happens With Obamacare, There Is Not Too Much Time To Lose With It

Despite Republicans still had no deal on their health care bill to repeal Obamacare on Wednesday’s midnight, the House of Representatives must vote later today to “repeal and replace” the law. Much to the disappointment of many observers, the Trump administration has given priority to this topic over tax cuts and infrastructure spending.


Modern monetary theory

The Huge Fallacy Of The Modern Monetary Theory: Money Is Not Free

There’s a new monetary theory doing the rounds here which claims to be revolutionary: the Modern Monetary Theory (MMT. Not to be confused with the Market Monetary Theory). I agree with some of its points. But when some of its supporters say the state deficit and debt are not important – that they don’t have damaging consequences – the theory becomes a huge deliberate fallacy.



NAFTA

After NAFTA: New Trade Opportunities for Mexico

Daniel Kapellmann | Whereas it took some 10 years to negotiate and enforce a mechanism to strengthen commercial bonds between Canada, the United States and Mexico, today, after 23 years in existence, the North American Free Trade Agreement (NAFTA) may be overrun in just a couple of months.