Monday , September 23 2019
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Tag Archives: sweden

Dan Klein on Sweden

Dan Klein has an interview on Sweden, a country he knows well. It will read counterintuitive to many. In short, Dan argues that Swedish civic virtue precedes the welfare state and does not depend on it. Thinking otherwise implies not understanding “why the Swedish bumblebee flies as well as it does a strong and liberal national identity, free markets, civic virtue”. A couple of highlights. Dan emphasizes the importance of an entrepreneurial class that is relatively...

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Easy credit and tight money

The title of this post is the shortest description I could come up with for the global economy circa 2019. Because these two concepts get confused, a short explanation is in order. The best way to judge the stance of monetary policy is by looking at the growth rate in “M*V” aka nominal GDP. By that criterion, money has been tighter than average in America, and even more so in Europe and Japan. That helps to explain low nominal interest rates, but it’s not the whole...

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Socialism Does Indeed Suck

Two free-market economists, Robert Lawson of Southern Methodist University and Benjamin Powell of Texas Tech University, have pulled off a marvelous stunt. Their just-published book, Socialism Sucks, is a humorous travelogue about their experiences in various socialist and allegedly socialist countries in the last few years. The book, subtitled “Two Economists Drink Their Way Through the Unfree World,” is the best in this genre since fellow drinker P.J. O’Rourke’s...

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Inflation is about monetary policy

I continue to see all sorts of non-monetary theories of inflation. For instance, “demographics” is often cited for the low inflation rate in Japan. There’s a much simpler explanation for inflation—monetary policy. The following graph shows the exchange rate for three European countries, Denmark, Switzerland and Sweden: During this period, the Danish krone (red line) was pegged to the euro.  This meant that the Danish central bank was not able to adopt an independent...

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Tuesday afternoon links – Publications – AEI

AEI Tuesday afternoon links 1. Cartoon of the Day (above). As Steve Horwitz suggested recently instead of “trade wars” we should call them what they really are: “Economic Suicide Bombings.” 2. Backfire Economics. Caterpillar drops the most since 2015 after industrial giant says costs are rising from tariffs. “Manufacturing costs were higher due to increased material and freight costs. Material costs were higher primarily due to increases in steel prices and...

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Sweden: More Signs The World’s Biggest Housing Bubble Is Cracking

We like to highlight that although Sweden’s property bubble is not the longest running (that accolade goes to Australia at 55 years), it is probably the world’s biggest, even though it gets relatively little coverage in the mainstream financial media. A month ago, we noted that SEB’s housing price indicator suffered its second biggest ever drop, falling by 39 points, only lagging a steeper fall from ten years earlier. This month the indicator, which shows the balance between households...

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Meanwhile In Sweden, Crime Hits All Time Highs

It appears President Trump, having warned that Sweden's huge intake of refugees would lead to "problems like they never thought possible," has been vindicated. Following media mockery and Sweden's official Twitter account responding: “Hey Don, this is @Sweden speaking! It’s nice of you to care, really, but don’t fall for the hype. Facts: We’re OK!” Trump reacted by tweeting... Give the public a break - The FAKE NEWS media is trying to say that large scale immigration in Sweden is working...

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“For The Sake Of Allah”: Swedish Radio Station Hijacked To Play ISIS Recruiting Song

Earlier this year, President Trump took a beating in the mainstream media for blasting Europe's, and more specifically Sweden's, disastrous immigration policies... Give the public a break - The FAKE NEWS media is trying to say that large scale immigration in Sweden is working out just beautifully. NOT! — Donald J. Trump (@realDonaldTrump) February 20, 2017   Of course, since that feud erupted, the MSM has been repeatedly embarrassed by a series of violent attacks perpetrated by Muslim...

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Swedish Government On Verge Of Collapse After Admitting ‘Accidental Leak’ Of Entire Nation’s Info

Sweden’s government is being quietly rocked by a major scandal. So far the market has paid it little regard, but, as Citi warns, it may soon escalate... Sweden appears to have accidentally leaked the details of almost all of its citizens. And now it's getting worse as the leak happened in 2015, but only emerged last week. As The Indepedent reports, The leak allowed unvetted IT workers in other countries to see the details of people registered in Swedish government and police databases. It...

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Is Sweden A Failed State?

Authored by Judith Bergamn via The Gatestone Institute, The Swedish state, in true Orwellian style, fights those Swedish citizens who point out the obvious problems that migrants are causing. When police officer Peter Springare said in February that migrants were committing a disproportionate amount of crime in the suburbs, he was investigated for inciting "racial hatred". Currently, a 70-year-old Swedish pensioner is being prosecuted for "hate speech", for writing on Facebook that migrants...

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