Paulitical Economy™

By Paul Musson

A snapshot of what’s going on in the world’s economy.

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FAQs about Paulitical Economy™:

How many episodes does Paulitical Economy™ have?

The podcast currently has 62 episodes available.

Paulitical Economy™ episodes:

June 02, 2025Post 320
The producers of alcoholic beverages say that the health concerns related to alcohol consumption are exaggerated.
I hope so.
Shoppers continue to flock to Costco.
And investors to its common stock.
Target, not so much.
Home furnishings sales are down over 8%.
In Financial Ructions:
We look at a speech that John F. Kennedy made to the Economic Club of New York in 1962.
Income taxes were finally being cut.
A look at how money is created in the US.
And no, the government does not spend it into existence.
If the US does not increase the debt ceiling it is not at risk of defaulting on its debt obligations.
The only thing at risk is deficit spending.
The great Thomas Sowell reminds us that it was FDR’s New Deals that extended the Great Depression.
Book Review
I’m excited to start reviewing the first of two books on supply side economics.
This one by Jude Wanniski called The Way the Economy Works: How Economies Fail – and Succeed.
I review the Preface, but before getting into that we review the Bretton Woods system.
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39min
June 02, 2025Post 319
Truck maker Paccar sales continue to fall.
Freight shipments in the US are still down.
A look at how tariffs impact trade: Lobsters.
Petrol cars may not be going the way of the Dodo in California after all.
Both Home Depot and Lowe’s broke eight quarter losing streaks at the end of 2024 with sales finally back in positive territory.
It only lasted a quarter.
Inflation in Canada is rising again.
On an adjusted basis, Canada has lost jobs for two straight months.
And the government artificially increased the unemployment numbers in order to boost unemployment benefits.
We dive into just how unaffordable a house is in Toronto.
In Financial Ructions:
Things look like they’re unravelling in Japan.
Inflation is forcing the Bank of Japan’s hand on interest rates.
That’s what happens when you increase the monetary base at an annual rate of 14% over 14 years.
Yes, longer-term rates are affected by central banks.
And not just through QE.
We look at an FT opinion piece which says that efforts to improve liquidity in the US Treasury market could exacerbate the basis trade.
But don’t worry, the Fed will come to the rescue.
We finally finish our book review of The Great Depression.
I actually found myself agreeing with a couple of the author’s comments.
But don’t worry, I disagreed with most of what he had to say in the final chapter.
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52min

FAQs about Paulitical Economy™:

How many episodes does Paulitical Economy™ have?

The podcast currently has 62 episodes available.