The Radford Free Press – Page 344 – All life is problem solving.

Economics / deficits, fiscal policy, GDP /

Proposed Budget Balancing Act

November 10, 2010

You will have noticed the usual hysteria that accompanies any report here in the US. Even before the ink is dry, pundits from left and right lambast the report so as to blunt its effect, or preferably, to illl it off before it has taken its first breath. Today’s release is no exception. The Fiscal […]

Economics / deflation, Federal Reserve Board, inflation, interest rates, monetary policy, Paul Krugman, quantitative easing /

QE2 and Palin Redux

November 10, 2010

Allow me to second Paul Krugman’s amused reaction to the poor Wall Street Journal’s reaction to being lambasted by Sarah Palin. What did they expect? After her attack on Ben Bernanke and QE2, which was incorrect in theory, but correct as to likely effects, the WSJ pulled out its textbook and lectured her on how […]

Economics / jobs, recession, recovery, unemployment /

Unemployment: Improvement?

November 10, 2010

Is there light at the end of the tunnel? Possibly. Today’s release of last week’s data on new claims for unemployment assistance shows a glimmer of hope, with claims dropping quite sharply to 435,000. That’s a decline of 24,000. The good news is that this drop brings the four week moving average down to 446,500, […]

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