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

Commentary, Politics / capitalism, democracy, economic theory, plutocracy, Republicans /

Academic and Political Free Speech?

November 2, 2015

A few things along the same lines: Something that really bugs me at the moment here in the US is the absolutely stupid idea that freedom of speech and the possession of lots of money are somehow entangled. Put differently: how come the Supreme Court – Supreme at what I wonder? – allowed the flood […]

Economics / consumption, Federal Reserve Board, inflation, interest rates, jobs, monetary policy, recovery, unemployment, wages /

Interest Rate Mania

October 29, 2015

People keep asking me about interest rates. I wish they would stop. The question always make me feel like mimicking Eugene Fama: rates are rates. They are what they are. Perfect reflections of whatever they meant to be reflections of. And so on. Such amazing analytical insight is worthy of one of those pseudo Nobel […]

Economics / Chandler, economic theory, strategy, structure /

Strategy and Structure

October 29, 2015

Yes, I know, Chandler already wrote a famous book about it. But he was talking about something else. He was talking about strategy as structure. Hmm. Come to think about it he was right. We have discussed the problem of expectations here many times, and it was recently argued that modern economics has a problem because […]

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