The Radford Free Press – Page 113 – All life is problem solving.

Politics / austerity, Boehner, deficits, Republicans /

Boehner’s Demise

September 25, 2015

Losing John Boehner from his post as leader of the fractious Republican party in the House of Representatives marks another step in the slow attrition of the key figures who brought us this lingering economic malaise. It was he, after all, that so clearly damned growing Federal expenditure and the consequent bulge in the budget deficit brought […]

Economics, Politics / capitalism, democracy, plutocracy /

Quote: Capitalism

September 22, 2015

While preparing for a speech here I came across this: “The shrinking of the middle class is not a failure of capitalism. It’s a failure of government. Capitalism is doing exactly what it was designed to do: concentrating wealth in the ownership class … That’s the natural drift of the relationship between capital and labor, and it […]

Economics, Politics / banking, fiscal policy, interest rates, monetary policy, plutocracy, Wicksell /

Interest Rates

September 22, 2015

The Fed’s decision last week not to raise interest rates has produced a predictable burst of apoplexy in the banking industry. So what? Banks would be more profitable if rates were higher. These low rates have squeezed their net interest margins and banker are prone to bleat very loudly if their bonus opportunities are damaged […]

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