What Practical Measures Can be Taken to Improve Policy Outcomes in Democracies?

There seems to be increasing skepticism these days about the worth of democracy. The following quote from a post by John Humphreys on the “Thoughts on Freedom” blog provides a good example of what I mean:

“Democracy has become a new faith. Simply saying the word supposedly makes an argument stronger, as though there . . . → Read More: What Practical Measures Can be Taken to Improve Policy Outcomes in Democracies?

Corporations and OTC derivatives

Central counterparty for OTC derivatives

Jayanth Varma is astounded that some corporate treasurers think that their derivatives positions should not be backed by collateral. I am too. On a related track, there is news today that RBI is pushing banks to report interest rate swap transactions through CCIL. This is in the right direction.

. . . → Read More: Corporations and OTC derivatives

Employment Index Makes Monster Jump

Wednesday we pointed to three reports that reflect job market improvement. On Thursday another encouraging sign emerged.

The Monster Employment Index for August was released. It recorded its highest monthly rate of improvement in four years spiking 6% higher than its July reading. The report — produced monthly by the popular online . . . → Read More: Employment Index Makes Monster Jump