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Economics in a Nutshell. The Theory of Excess Burden Part II

Some thoughts from Tradewinds. In Part I it was stated that the Theory of Excess Burden evokes difference of opinion in analysis and conclusions. One of the underlying assumptions in the theory is that the market is usually perfect even when reflecting monopolistic tendencies. It was evident that when taxes... Read more →

Economics in a Nutshell. The Theory of Excess Burden Part I

Some thoughts from Tradewinds In the study of economic the theory of Excess Burden always provokes differing thoughts. Excess Burden arises due to taxation and is what is referred to by economists as deadweight loss. VAT is a good example of a tax where the price of a good is... Read more →

The Bahamas at the Crossroads - Part 2

Some thoughts from Tradewinds Lets think for a moment what life would be like in the event of a government debt default and economic failure. The government imposed VAT has not produced the promised revenues and prices for goods and services have gone through the roof. Economic growth has flattened... Read more →

The Bahamas at the Crossroads - Part 1

Some thoughts from Tradewinds Everyday when we awake in the morning, the sun is shining and it is another beautiful day in our Bahama land. The aqua-blue seas and golden beaches are some of the most beautiful waters and beaches to be seen in the world. To live, work and... Read more →

Where is the FNM's Opposition to VAT that Very Awful Tax?

Some thoughts from Tradewinds With all the written and vocal commentary opposed to the establishment of VAT in the Bahamas by the PLP Government, it is somewhat puzzling that there has been no pronouncement or policy statement issued by the Opposition FNM either opposing or supporting this unpopular and highly... Read more →

When the Very Awful Truth (VAT) is NOT the Truth

Some Thoughts from Tradewinds As the Government moves closer to issuing its final VAT proposal, many false and even misleading statements will continue to be forth coming. Many such accusations will be cheap shots, off the cuff type comments and have no foundation in economic fact or realty. Recently when... Read more →

The Very Awful Truth (VAT) about the IBRD/IMF (Part II)

Some Thoughts from Tradewinds In Part I of our investigation of the IBRD/IMF, its formation at Bretton Woods Conference uncovered that its two principle advocates has an underlying political and economic agenda that became apparent during the creation and development of these two institutions. The core economic agenda, Keynesian economics,... Read more →

The Very Awful Truth (VAT) About the IBRD/IMF (Part I)

Some Thoughts from Tradewinds It is somewhat puzzling why these two Autonomous Agencies of the United Nations (IBRD - World Bank and IMF) with their highly trained and outstanding staff of Economic Advisers always seem to get it wrong when they undertake field missions overseas. Why, and how, could this... Read more →