The Radford Free Press – Page 322 – All life is problem solving.

Reflections on The “Inside Job”

February 22, 2011

It’s depressing to watch the movie “Inside Job” simply because it is true. Shockingly true. It is also interesting to watch the comments come in from Europe where the movie is just now playing. I wonder whether it will alter public opinion of America. It should. The American economic policy elite, by which I mean […]

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 […]

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