The Radford Free Press – Page 330 – All life is problem solving.

Economics / bailouts, banking, bond prices, creditors, deficits, Federal Reserve Board, GDP, Geithner, imports, inflation, jobs, unemployment /

Details, Details

January 12, 2011

All we are hearing seeing at the moment are snippets of news rather than headline grabbing insights into the big numbers we all care about. But there are sometimes tell tale signs of what’s in store for us in those details, so here’s a few of them: Import prices: the price of imports into the […]

Economics / Adam Smith, Arrow, Debreu, deregulation, free market theory, Hayek, Keynes, Milton Friedman, Walras /

Smith’s Curse

January 10, 2011

I am not easily swayed by talk of curses. They make for good gossip and a laugh, but have no explanatory legitimacy. All except Smith’s Curse. Adam Smith that is. Here’s why: Ever since Adam Smith wrote, just once, about the mysteries of the “hidden hand”, economics has had its brains addled by the allure […]

Economics / consumption, imports, jobs, profits, recession, recovery, stimulus, unemployment, wages /

Our Jobs Conundrum

January 7, 2011

There are always two things we look for first in the monthly payroll release: the change in the number of jobs, and the change in the unemployment rate. Since these two statistics are derived from different sources they can sometimes contradict each other. Very often they simply move to a different rhythm. Today is one […]

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