The Radford Free Press – Page 301 – All life is problem solving.

Economics / consumption, deficits, fiscal policy, GDP, jobs, Keynes, monetary policy, recession, recovery, stimulus, unemployment, wages /

What The … Where are the Jobs?

May 5, 2011

Quick question: when does a series of “special circumstances” become the norm? The reason I ask is that today we heard bad news on the unemployment front. And, frankly, I am tired of being told that the recent string of reversals in the labor market are all just a sequence of disconnected oddities that mean […]

Commentary /

It’s The Micro Too

May 3, 2011

One of the things that keeps nagging at me, when I ponder the state of economics, is the odd coexistence of classical micro alongside various sorts of macro. Don’t forget that the entire right wing crusade of the last few decades was to make the two consistent. The rallying cry became that we should build […]

Economics / Federal Reserve Board, GDP, inflation, interest rates, jobs, monetary policy, unemployment /

Hoenig The Terrible

May 3, 2011

Ugh. There are times that really try my patience. This is one. Kansas City Fed President, Thomas Hoenig, is urging the Fed to raise interest rates in order to head off inflation. He’s an idiot. Well, I suppose I shouldn’t throw around harsh words like that, but really. What inflation? His analytical back-up? That he […]