The Radford Free Press – Page 339 – All life is problem solving.

Economics / Federal Reserve Board, inflation, monetary policy, Paul Krugman, Thomas Hoenig /

Inflation: Hoenig’s Folly

December 15, 2010

Drip, drip, drip. Another month goes by and still no sign of the upheaval wrought by all that reckless Federal Reserve Board money printing. Today’s news that core inflation checked in at 0.1% last month is no surprise to those like us who aren’t trying to conjure up false fears. But to those such as […]

Economics / banking, Community Reinvestment Act, deregulation, Financial Crisis Inquiry Commission, free market theory /

The FCIC and Political Economy

December 15, 2010

In the old days, before orthodox economists decided to try to look scientific, economics was more commonly called “political economy” or some such thing. Evidently the discipline’s founders had no problem with advertising the obvious connection between the study of matters economic and matters politic. The two seem a natural pairing. Especially when it comes […]

Economics / consumption, GDP, retail sales /

Signs Of Life

December 14, 2010

Today’s news that retail sales ticked up 0.8% in November is cause for some optimism. This is the fifth month in a row that sales have risen and the data looks even better if we exclude the sales of cars which is a notoriously fickle number. By making that adjustment we find that sales rose […]