The Radford Free Press – Page 345 – All life is problem solving.

Economics / depression, Paul Krugman, Schumpeter /

Dark Ages Redux

November 17, 2010

OK I get the gold medal. Yesterday I wrote a blog entry entitled: “The Dark Ages Are Back”. And today Krugman has a blog headed “The Dark Ages, Returned in Full”. His, of course, is short and to the point. Mine, of course, rambles on endlessly. Still I won the race with the thought. What […]

Economics / Bernanke, Consumer Price Index, deflation, Federal Reserve Board, inflation, interest rates, stimulus /

What Inflation?

November 17, 2010

If there is one economic factor that the experts on Wall Street have consistently been wrong about, it is inflation. Ever since the great intervention in the economy after the Lehman implosion these analysts have been explaining that the consequent huge increase in the money supply would inevitable – inevitably – produce a sharp increase […]

Economics / deflation, Federal Reserve Board, Milton Friedman, Paul Krugman, recovery, stimulus, unemployment /

The Dark Ages Are Back

November 16, 2010

Here we go. The Dark Ages are upon us. I realize that post modernists have a hard time with the concept of the Dark Ages, but I don’t. They were dark, and filled with a willful ignorance born of an ideological and religious zealotry. Intellectual discourse was suppressed to make way for the only truth […]