The Radford Free Press – Page 277 – All life is problem solving.

Ethics, or Not, and Economics, or Not

August 15, 2011

Let’s start with some fun: How many economists does it take to screw in a light bulb? None. They simply wait for the free market to do it for them. Which is why economists are always in the dark. I am still waiting, by the way, for the surge in investment and consumption that inevitably […]

Commentary, Economics /

A Call to Arms: My Rough Draft

August 10, 2011

Let’s make this blunt: The US government can borrow at 2.2% today. That’s the market price of ten year money. That is an insanely cheap cost of funds. It shows, if free market analysis means anything at all, that the market is not in the slightest bit concerned about the American deficit at the moment. […]

Economics / Bernanke, Federal Reserve Board, fiscal policy, interest rates, monetary policy /

The Fed at Bay

August 9, 2011

Just a very quick note about two aspects of the Fed’s announcement on interest rates today. First: it is obviously worried about the economy. Very much so. Enough to announce that it will be keeping rates unchanged until at least 2013 – or as long as the economy stays this weak, which from my perspective […]

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