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    Economics / profits, recession, recovery, stimulus, tax cuts, unemployment /

    Actual News and Outer Space

    July 21, 2011

    The ridiculous and unedifying spectacle that has become American politics has finally separated itself entirely from planet earth. It has moved off into space in order to discuss – I use that word because I cannot come up with a more appropriate one – issues that it feels are important. Those of us who remain […]

    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. […]

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