The Radford Free Press – Page 340 – All life is problem solving.

Commentary, Economics / banking, deficits, recovery, stimulus, tax cuts /

Upside Down Financial Crisis

December 13, 2010

I had the misfortune to read an article by William Cohan in the New York Times. It was about the impending fiscal crisis. It was about how we all have to tighten our belts. It was awful, and a testimony to the upside down group think now dominating our debate about the budget. It made […]

Economics / consumption, creditors, deficits, fiscal policy, GDP, monetary policy, recovery, stimulus, tax cuts, unemployment /

Unemployment and Interest Rate Confusion: What Next?

December 9, 2010

If we ever needed evidence that economic forecasts can be confusing, the reaction to this week’s reported numbers is more than enough. One day the fact that lone term interest rates are rising is cited as a warning that the deficit is a major problem. The next those rates are rising because we have stimulated […]

Economics / business investment, federal deficits, fiscal policy, GDP, recovery, stimulus, tax cuts, wages /

The Tax Deal

December 7, 2010

We knew that there had to be some kind of deal on those Bush tax increases. Nobody wanted to be responsible for the planned tax hike going into effect, especially while the economy is still sluggish. So, despite all the silly posturing, a deal was always the most likely outcome. The question now becomes: is […]