Housekeeping Announcement
This site will be offline for a couple of days starting Friday morning. We are moving our server to its new home. We will be back online early next week. Have fun in the meantime!
Economics / Bernanke, Federal Reserve Board, fiscal policy, GDP, interest rates, monetary policy, Obama, recovery, stimulus, unemployment /
The Fed Acts
Well it had to sometime. No one else is doing anything. Only a few days ago I expressed a certain dismay that Ben Bernanke said a lot of the right things in his Jackson Hole speech, but then had done nothing. He articulated exactly why the Fed ought to act, and act aggressively, and then […]
Deep Sleep and Other News
With the US immersed in one of its weekly presidential elections – they seem to be that frequent – nothing substantial can be done about our malaise. No one wants to do anything for fear of inciting a tsunami of attack ads, venomous deformations of the truth, and contorted definitions of what is actually going […]