The Radford Free Press – Page 334 – All life is problem solving.

Economics / Adam Smith, corporate profits, David Ricardo, Kaldor, Keynes, profits, wages /

Lost Balance: Were Is The Anger?

December 29, 2010

With the steady increase in activity that seems to be characterizing the US economy currently the early frenzy of placing the blame for our crisis is ebbing. Already we are being treated to “year end” articles calling people such as myself, those who view things a little more skeptically, unnecessary naysayers. The improvement in the […]

Economics / auto industry, GDP, inventories, jobs, Keynes, Milton Friedman, Minsky, recession, recovery, stimulus, unemployment, wages /

Economic Growth Disappoints

December 22, 2010

The latest revision to the third quarter GDP numbers produced a disappointing report. While most analysts had been looking for growth to be about 3.0%, which would have meant another slight upward adjustment, the final tally was only 2.6% and thus quite a bit short of expectations. The hope had been that growth would be […]

Economics / capacity utilization, inventories, recession, recovery, unemployment /

Idle Speculation

December 20, 2010

One of the most heated discussions during the current crisis has been the argument over the imminence, or not, of inflation. Most often those arguing we are in danger base their dire predictions on the growth in money supply – the monetary base, which is the narrowest definition of money, has grown by about 58% […]