The Radford Free Press – Page 179 – All life is problem solving.

Economics / economic policy, economic theory /

Simple Model Mania

July 25, 2013

Economics, as we all know, is a bit of a shambles. There’s plenty of good stuff sitting about, and there’s plenty of bad stuff. On any given day we can witness two Nobel prize winners disagree and put forward totally contradictory theories to support radically different sets of policy advice. One example at the moment […]

Economics / debt ceiling, Federal deficit, fiscal cliff, government spending, health care, medicare, Obama, Republicans /

Ready, Set, Stop

July 24, 2013

It’s well into summer. The hot spell is over for now and cooler air has settled into Vermont. The flowers are doing well. The bear that visits us occasionally is looking extremely healthy. The birds are singing, and the frogs are enjoying the pond. Oh. And the Republicans are getting desperate. Really, really desperate. Their […]

Economics / economic policy, economic theory, Federal Reserve Board, inflation, plutocracy, unemployment /

After Bernanke

July 19, 2013

It is fairly well accepted now that Ben Bernanke will decide not to stay at the Fed next year when his current term is up. By and large I fall into the neutral camp when assessing his tenure. He was woeful at identifying the likelihood of crisis. He has been pretty good at reacting and […]

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