US Dollar

Paul Summerville • February 22, 2013

Commentary on the two Americas, snow, legalisation, civil war, US dollar renaissance, and the Canadian slowdown.

The Roosevelt and Regan Republics and why $15 a week matters.

New Yorker -- The Walmart Test: Payroll Taxes and the Social Contract
If you were to write a social history of America through the story of business, what would be the most significant companies in the years since the Second World War?

Paul Summerville • August 16, 2011

Articles on the need for Eurobonds, being careful about Canada, Warren Buffett blows the whistle on ‘job creators’, Michael Lewis on where Germany’s head is at, a new role for Canada in the world, the dollar’s reserve status, is obesity a reason to take away a child, and travel notes.

Eurobonds or bust! Thanks to David of Victoria.

Pdf below  -- Outside the Box

Pride goeth before … Thanks to David of Toronto.

Paul Summerville • April 29, 2011

What makes a genius?

The Atlantic looks at a few to try to answer the question.

Meanwhile, Canada’s Patrick Chan stuns the figure skating world with a record shattering performance, the New York Times explains since Canadians were too busy watching hockey.

Articles also on the death of war, China’s latest population figures, gas prices and the US dollar, Canada’s least worst federal leader, jobs and the stock market, Bay Street’s reality check on its NDP bashing, and some thoughts on architecture.

Paul Summerville • April 25, 2011

Raul Castro’s joke about Cuban austerity and two wishes not three reminds us as Chinese authorities stare down inflation, commodities spike, and the US government’s finances rapidly deteriorate that we might want that extra wish.

Articles on Cuba, the inevitable slowdown in China, Canadian competitiveness, a conversation with Jim O’Neil, understanding the US dollar, and the risk to commodities, a blow-by-blow analysis of America’s finances, Jim Grant on the Fed’s third mandate, a video essay on why being wrong is right, and the Jack effect.

Paul Summerville • March 20, 2011

With a third war against a Muslim country now started albeit with a modicum of support from other Muslim countries that has no obvious endgame, oil pressing through $100 a barrel, and Japan’s week long catastrophe raising all sorts of questions about the impact on the global economy, commodity producing countries are increasingly in the market’s crosshairs.

Time to start thinking about exiting the Canadian dollar (and other commodity currencies like the Australian dollar) at these parity levels and getting exposure to the US dollar.

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Twin Virtues: Inequality of Outcomes & Equality of Opportunity©

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Ultimately, the most successful societies find the balance between the twin virtues of inequality of outcomes and equality of opportunity.
 
The new politics must marry the twin virtues of unequal outcomes and equality of opportunity.
 
When too few get too much everybody ends up with less.
 
Can it be that striving for equality of opportunity however imperfect the process not only benefits the individual but also creates benefits for the society as a whole that are unintended but wonderful?
 
Economics must be a 'moral enterprise' as much as politics claims to be. Economic outcomes need to be framed in terms of right and wrong not just efficiency if only because these often align in surprising ways.
 
My vision of Canada is that any Canadian child from a family of limited circumstance can expect to have a chance at lifetime of unlimited opportunities.
 
Tax policy should be founded on the principle of generating steady tax revenues sufficient to maximise environmentally sustainable economic growth in order to fund fair government.
 
Public policy should be designed to decrease inequality before the law and increase equality of opportunity.
 
Capitalism is not the problem; the problem is what we do with capitalism.
 
Content is always more difficult to argue than conspiracy.
 
Let the state regulate and the market operate (most things).
 
Welfare strategies are best designed as a hand up not as a hand out.
 
Political debate should not be fact free fighting.
 
Explanation lasts longer than eloquence.
 
Always favour empowerment over dependency.
 
The most enduring public figures are embraced for the causes they fought for and not the concept of themselves they hoped others would remember them by.
 
Find your voice and don't be the echo of somebody else.