The Radford Free Press – Page 342 – All life is problem solving.

Economics / Case Shiller Index, exports, home prices, jobs, stimulus /

House Prices Drop Slightly

November 30, 2010

Getting hold of hard economic data right now is difficult. Worse: when we find some it is ambivalent. Today’s Case-Shiller Index report bucks that trend somewhat, home prices dropped 0.7% in October. That’s not ambivalent, it’s just bad. The problem with housing is not just that it seems difficult to identify the bottom in prices, […]

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 […]

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