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Bernanke At Bay … Again

Poor Bernanke. He has to explain in almost childish language some things that he probably assumes any half way engaged politician or business person knows well. That’s the price economists pay for being deliberately disengaged from the economy. A century of self indulgent discussion and increasingly arcane mathematics has made economics impenetrable to anyone not […]

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Markets Are Us

Sorry, but I need to sound off on this. I am tired of economists, policy makers, and others mentioning markets. As in “let the market decide” or “we should let the market heal itself.” Enough. A market is nothing more than a group of people transacting together. People. As in us. We the people. Markets […]

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In Who’s Interest?

If you arrived from some place where you had no prior information about the so-called recovery an obvious question would be: to solve which problem has economic policy been constructed? To me there are a number of possibilities: do we solve unemployment? fix the banks? reduce the debt? I think the answer is very clear. […]

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