The Radford Free Press – Page 195 – All life is problem solving.

Economics / defense spending, government spending, medicare, Paul Ryan, Republicans, Social Security /

Game Over

March 18, 2013

Let the new game begin! You may have missed this weekend’s news. Here is the short version: the Republican party does not think there is a fiscal crisis. No. Not at all. What crisis there is resides well off in the future. So all those panics, fiscal cliffs, sequester debates, and assorted other dire emergencies […]

Economics / consumption, inequality, retail sales /

Retail Sales

March 13, 2013

A quick note: Retail sales rose quite strongly last month despite higher payroll taxes. Overall sales grew 1.1% in February, the biggest increase for five months. Much of that was accounted for by higher gasoline prices – sales of gas rose 5.0% because the average cost of gasoline rose 12% per gallon – but other […]

Economics / austerity, economic policy, Federal deficit, GDP, government spending, Obama, Republicans /

Deficit Realities: No Cuts Needed

March 12, 2013

It seems like the entire economic discussion is now about the Federal deficit and what we ought to do about it. You all know my position by now: nothing. The deficit is going to melt away, or at least back to manageable proportions. So there is no need to do anything. Really. But, in the […]

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