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    Commentary, Economics / defense spending, Medicare, Simpson-Bowles, Social Security, stimulus, tax cuts, tax reform /

    Debt Deal: Is It A Deal?

    July 20, 2011

    Not really. The re-emergence of the Simpson-Bowles commission on fiscal reform as the rallying point for debt reduction should be no surprise. Obama said he liked it when it was first released, but politics intruded and it seemed to have faded away. Then, as the lunatics ran amok inside the Congressional asylum – that vote […]

    Economics / Consumer Price Index, inflation, wages /

    Inflation Eases; Wages Fall

    July 15, 2011

    There is no real sign of a burst of inflation. This must upset those who long for an uptick so they can support their argument that we need to raise interest rates to stem such an uptick. Hitherto the inflation hawks have had to look to ghosts and made up stuff to help their cause. […]

    Commentary, Economics /

    Controversial Economics

    July 14, 2011

    A number of us have grown tired of shouting – in my case endlessly repeating myself – about current economic policy. I am sure we have worn out our welcome. We sound shrill. We sound partisan. We risk making ourselves irrelevant because our repetition doesn’t seem to add to the debate. Indeed we appear to […]

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