The Radford Free Press – Page 337 – All life is problem solving.

Economics / capacity utilization, commodity prices, inflation, recovery, stimulus, unemployment /

Inflation: The Fed’s Fault?

December 29, 2010

There is no point in my wading in too deeply on this topic. Many of you have asked whether commodity prices are not a sure sign of impending inflation, and whether this implies the Fed’s expansionary attempts are ill advised. Yes. And no. Sort of. That commodity prices are rising is undoubtedly a source of […]

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 […]