The Radford Free Press – Page 319 – All life is problem solving.

Economics / austerity policies, deficits, education, fiscal policy, Obama, Reagan, Texas, unions, wages, Wisconsin /

Austerity In the Trenches

February 18, 2011

Well we have had a long week of budget posturing. The upshot seems to be that no one seriously wants to cut anything. At least the things that actually would have an impact. So far the Republican vanguard, the self appointed tribunes of fiscal discipline, have come up with only $61 billion of cuts. That […]

Economics /

Process

February 17, 2011

I want to pick up on something David Ruccio argued a couple of days ago. If I understand him correctly he suggests that the concept of comparative advantage, a staple of orthodox economics since Ricardo, doesn’t work as advertised because it is based on the notion that exchange takes place between individuals and not between […]

Economics / Consumer Price Index, corporate profits, inflation, interest rates, jobs, manufacturing, recovery, unemployment, wages /

Mixed Up Numbers

February 17, 2011

We have had a number of economic statistics this week all of which seem to be muddied by the weather or unusual trends that make it difficult to tell what’s going on. For the last few Thursdays I have been warning you not to take the weekly new claims for unemployment assistance data too seriously. […]

«< 317 318 319 320 321 >»