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Speculations On Uncertainty: A Respectful Response to Hannes

Whoops. When I gave my off the cuff response to Paul Davidson little did I realize that would bring upon myself the scorn of neoclassical folks. I didn’t think they bothered with us little people. Apparently my assertion that uncertainty is cause for the existence of firms and money is lacking in stringent support. I […]

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Blame It On The Weather

Oh my. So sophisticated is our society that we now have discovered the real reason economic data bumps about a bit. The weather. The UK economy shrank in recent months, not because of asinine austerity programs aimed at cutting the government deficit, but, we are told, because the poor dears suffered a bout of miserable […]

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Debt Battle Lines Drawn

Given that the Presidential State of the Union Address is simply an opportunity to showcase a preferred direction rather than a time to introduce solid legislation, last night’s effort was predictably dull. So was the response. My reaction to this theatrical moment is that it sets the stage for the next round of arguing and […]

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