by Victor Canto, Ph.D. | Jun 5, 2023 | Commentary
Friedman taught us that inflation is, and always has been, a monetary phenomenon. Too much money chasing too few goods. He also argued that M2 is the appropriate measure of the quantity of money circulating in the economy while real GDP denotes the quantity of goods....
by Victor Canto, Ph.D. | Mar 29, 2023 | Commentary
The misery index is an economic indicator created by Arthur Okun and was memorialized in the Full Employment and Balanced Growth Act of 1978, also known as the Humphrey–Hawkins Act (HHA). The HHA directed the Fed to effectively promote the goals of maximum employment...
by Victor Canto, Ph.D. | Feb 27, 2023 | Commentary
We argue that the Global Minimum Tax and the Buy American Industrial Policy appear to contradict each other. The contradiction is as follows: On the one hand the Biden Administration is advocating a global minimum tax, a policy aimed at preserving the member...
by Victor Canto, Ph.D. | Dec 20, 2022 | Commentary
The issues and concerns regarding the applicability of the 60/40 strategy are summarized in a recent front-page article in the Wall Street Journal penned by Akane Otani and Karen Langley titled: The Classic 60-40 Investment Strategy Falls Apart. ‘There’s No Place to...
by Victor Canto, Ph.D. | Nov 1, 2022 | Commentary
During her campaign to become Prime Minister, Liz Truss drew a lot of comparisons to Margaret Thatcher as she promised to pursue economic policies that went beyond the elimination of a scheduled corporate tax rate increase. However, once elected and having announced...
