The Radford Free Press – Page 158 – All life is problem solving.

Commentary / austerity, economic policy, economic theory, government spending, inequality, plutocracy /

Inequality Is Political

November 8, 2013

Let me end the week by tying a few things together. Bear with me. First, I have spent some time talking about inequality. I see this as our greatest long term issue, but more in terms of politics than economics. Why? Because the extent of inequality in society is something we choose through our political […]

Commentary /

Occupy Economics

November 7, 2013

Forgive me for my exasperation. There are too many disparate efforts to rethink economics, conferences on this, and papers on that. I admire each and every one. I support whole heartedly any attempt to shake economics from its irrelevant torpor. But all this fractured effort is achieving nothing. It cannot succeed in the face of […]

Economics / consumption, demand, economic policy, Federal deficit, GDP, government spending, growth, inventories, Social Security /

US Economy Grows 2.8%

November 7, 2013

Don’t get too carried away by today’s report on the economy. Growth of 2.8% in the third quarter is nothing to be happy about because it falls right in that range of ho-hum figures that neither excite nor disappoint. It isn’t sufficient to break the back of unemployment, but it is enough for do-nothing politicians […]