The Radford Free Press – Page 308 – All life is problem solving.

Commentary, Economics / bailouts, banking, Federal Reserve Board, JP Morgan Chase, Lehman, Merrill Lynch, stimulus, Wachovia /

Bank Non-Reform

March 31, 2011

There wasn’t any. There. That makes it easy to remember. After 2,200 pages of tightly worded legal jargon the law known as Dodd-Frank left our banking system remarkably untouched. Our big banks are still way too big. So big they are beyond the law. By which I mean they are fully aware that they cannot […]

Commentary, Economics /

Greenspan Nonsense

March 30, 2011

OK. I am going to say very little on this. His words stand for themselves. Alan Greenspan needs to pull down the shades and stop. He is officially nuts. For those who missed it: he is on record in the Financial Times, as saying we should get rid of the recently implemented financial regulation. It […]

Economics / consumption, deficits, fiscal policy, GDP, home prices, household debt, inflation, jobs, Reagan, recession, recovery, unemployment, wages /

Debt Conundrum

March 30, 2011

What I am about to say is not novel, but nor is it trite: if the austerians – the word we now use to describe those who advocate cutting public spending and debt – really believe that a reduction in public spending can spur, without doubt, economic growth, then the gap opened up by that […]

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