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    Economics / Bernanke, consumer confidence, Federal Reserve Board, jobs, recession, recovery, stimulus, unemployment /

    Bernanke Cautions

    March 26, 2012

    Today’s speech by Ben Bernanke has caught quite a bit of attention. So it should. His basic argument is that it far too soon to declare victory in this recovery. Job growth is way too small each month. Moreover what growth there has been is more a function in the reduction of firing than in […]

    Commentary, Politics /

    Ruminations on The Election

    March 26, 2012

    This is a silly season in America. Sillier than even by our usually silly standards. We are mired in one of the most peculiar political processes ever. The Republican party is deeply divided between far right social conservatives who want to undo the entire post war era – especially women’s rights, economic conservatives who want […]

    Commentary, Economics /

    Inequality, Rationality, and Other Annoying Things

    March 22, 2012

    Forgive me. My ‘grandmother quotient’ is running at danger levels. Frequent readers will know the special place my grandmother has in my development. In just a few sharp phrases she influenced me far more than anyone else. One of those phrases grates on me: “Remember, Peter” she said one day “They can always take it […]

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