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

Economics / deficits, deflation, Obama, unemployment, wages /

Obama: WTF?

November 29, 2010

OK. I am sorry for the expletive. But really. First we read Obama is wondering out aloud whether our high unemployment is structural and thus insoluble to ordinary policy making. Then we hear he is freezing Federal worker pay in order to cut into the deficit. What next? Social Security privatization? The abandonment of unemployment […]

Economics / Keynes, Keynesian economics, neo-classical economics, New Classical Economics, Paul Krugman /

Krugman Fails To Take Up The Challenge

November 28, 2010

Sifting amongst the debris left after the recent collapse of economic orthodoxy is not easy. The big guns of the academy are clinging on for all they are worth to the idea that a few fixes and we are all back on track. They have the most to lose in reputation and standing, so I […]

Economics / bailouts, banking, bankruptcy, capitalism, creditors, Ireland /

Capitalist Wimps: Ireland Buckles Under

November 24, 2010

One of the stark lessons we have learned from the financial crisis here and abroad is that old fashioned capitalists are hard to find. Perhaps they always were. At least in banking. I am amazed at the severity of the new budget squeeze Ireland is being put through by its government. Here we have a […]

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