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    A Couple Of Questions

    August 30, 2011

    I, like many of you, spend a lot of my summer reading. Unlike you I read economics books. Which, it turns out, is usually less than edifying. But it does spark me to ask questions. And as you all know I like asking awkward questions. Especially of economists. So here are two. In a book […]

    Economics / consumer confidence, consumption, inflation, jobs, stimulus, unemployment /

    Confidence Sucks

    August 30, 2011

    Having survived an earthquake and a hurricane within a few days of each other I have a feeling that the economy cannot throw up much to upset me. Neither of those events amounted to a great deal here in New York City: the enormous energy spent by our various bureaucracies and breathless media in the […]

    Economics / Bernanke, Federal Reserve Board, fiscal policy, GDP, interest rates, monetary policy, recovery, stimulus, unemployment, wages /

    Bernanke: Mr Long Run

    August 26, 2011

    Relax. In the long run it will all be OK. Between here and there … well now, that’s an interesting question, and one that we all ought to ponder, be sensible about, and generally discuss. The one thing we now know is that the Fed is not seriously involved in offering a solution to the […]

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