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...
by Victor Canto, Ph.D. | Sep 17, 2022 | Commentary
We have argued that inflation is a monetary phenomenon and thus we need to focus on the monetary aggregates in order to get a handle on the inflation rate. Since the Fed plays a large role in the determination of the money supply, it follows that the Fed has an...
