The Radford Free Press – Page 181 – All life is problem solving.

Economics / austerity, debt ceiling, Federal deficit, government spending, Keynes /

What Is US Federal Debt Worth?

May 14, 2013

Dean Baker raises a fun point albeit to disparage the much deserving Reinhart-Rogoff 90% analysis. His point is that there is a difference between the publicized value of the US debt and its current worth. This difference, as every finance major can tell you, is because US debt is issued and redeemed at par and […]

Economics / austerity, Federal deficit, GDP, government spending, growth, Obama, Republicans /

A Picture Of History

May 13, 2013

There is no serious effort in Washington to deal with our so-called debt crisis. I would like to think this is because people realize we don’t have one, but a more realistic interpretation on non-events is that the Republicans are stuck in a rut of obstruction. They have no policy other than to contradict whatever […]

Economics / austerity, economic policy, government spending, growth, monetary policy /

The Deficit’s Too Small!

May 9, 2013

The entire conversation in and amongst our elite, whether be in Washington in big business or in the media, seems to be about the Federal deficit and the evils associated with it. Here’s my current thinking: The deficit is too small. And it’s shrinking too quickly. The recovery, anemic though it is, is reducing the […]

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