By Unknown Rabu, 04 Mei 2016 agglomeration automotive industry detroit entrepreneurship innovation start-ups venture capital When Detroit looked like Silicon Valley Mike Smitka Autos are today a hi-tech industry; more on that in subsequent posts. The same was true circa 1900. A quick window on the contem...
By Unknown Selasa, 26 April 2016 cartels cheating conspiracy fracking Frank Gaffney OPEC united states Another fracking Saudi conspiracy story, or Chapter 11 is a marvelous invention Mike Smitka Let me revisit a topic that matters a lot to the auto industry, what's happening in the energy sector. Frank Gaffney, of th...
By Unknown Jumat, 08 April 2016 job creation labor force growth macroeconomics normal employment Thank you Baby Boomers: The new norm is 60,000 jobs Mike Smitka, Economics, Washington and Lee University A simple projection from pre-Great-Recession levels suggests we need 150,000 new jobs ...
By Unknown Kamis, 07 April 2016 Bernie Sanders debt donald trump fiscal deficit presidential candidates Ted Cruz Are our candidates Conservatives? Not Fiscally Mike Smitka, Washington and Lee It's still the primary season, and positions are pitched toward those voters who participate in that pro...
By Unknown Kamis, 31 Maret 2016 Bill Dudley Federal Reserve Bank of New York monetary policy VAE VMI W&L NYFed's Bill Dudley Speech at VAE / VMI Mike Smitka, Washington and Lee Tonight I had the opportunity – perhaps I should say privilege – of hearing Bill Dudley, President of the Fe...
By Unknown Jumat, 25 Maret 2016 China Daihatsu electric vehicles galapagos effect Honda industrial policy Japan kei market segments minicars Suzuki taxation "Kei" Cars in Japan: A "Galapagos" Sector? Mike Smitka Under Japanese taxation, licensing and inspection systems there are 3 broad classes of cars (and light commercial vehicles): ful...
By Unknown Jumat, 18 Maret 2016 cartel energy prices fracking OPEC peak oil petroleum Saudi Arabia technical change Peak Oil Revisited: Did I get anything right? Mike Smitka, Economics, Washington and Lee University In 2014 I wrote on the arrival of peak oil. That now appears at best premature. So wha...