Monthly Archives: August 2014
Why has the Bank of Canada “done nothing” for 4 years?
On the face of it, the Bank of Canada has done absolutely nothing for nearly 4 years now, and most people think it won't do anything until sometime next year. The target of the overnight rate has stayed at 1% for a very long time. This is very puzzling. I do not understand it. But […]
Why is enterprise software so bad?
Every piece of software I use in the course of academic administration is lousy. Sure, the systems do what they're supposed to do most of the time, and they're not that difficult to learn how to use. But every single one has numerous design flaws; clunky features that eat up seconds or minutes or hours […]
Why do I hate driverless cars?
I hate driverless cars. That is the fact that needs to be explained. Not justified, but explained. Driverless cars pose no threat to my job, my income, or my wealth. That's not it. The insurance companies, or safety-nazis, might force us to use driverless cars. That would be a threat to my enjoyment of driving. […]
If new money is always paid as interest on old money
…will an increase in the rate of interest paid for holding money be deflationary (because it increases the demand for money), or inflationary (because it increases the growth rate in the supply of money)? This question crops up from time to time, in comments here and on other blogs, so I thought I would lay […]
The Quantity Theory and Neutrality of Money when money is endogenous
"If the central bank permanently doubles the stock of (base) money: all nominal variables will double [that's the Quantity Theory of Money]; all real variables will stay the same [that's the Neutrality of Money]." The Quantity Theory of Money and the Neutrality of Money go together. It is very hard to have one without the […]
Worthwhile Canadian Initiative 
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