The Radford Free Press – Page 170 – All life is problem solving.

Commentary / debt ceiling, fiscal cliff, government spending, Obama, Republicans /

First Debt Ceiling Rumbles

October 3, 2013

With the Republican shutdown now into its third day, and with last night’s attempt at reconciliation a total and bitter failure, the odds that the shutdown and the debt ceiling fight are rising sharply. Whilst the former is a huge nuisance and could lop about 1.0% of GDP this quarter if its doesn’t end soon, […]

Commentary /

The End Is Nigh!

October 1, 2013

The end, that is, of Reaganism. The Republicans have shut down government because no one is taking their demand that health care reform is abandoned seriously. In a nutshell the fight is over the part of reform that increases taxes on the top 1% of income earners, reduces subsidies to insurers within the Medicare system, […]

Economics / economic theory /

Has Economics Done Anything?

September 30, 2013

One of the blogs I read regularly is that called “Unlearning Economics”. I recommend it to you. A recent entry questions the efficacy of economic theory/thought. The challenge it issues is to come up with notable cases where economics has a definitive positive effect. The conclusion is that there are few. Certainly far fewer than […]

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