The Radford Free Press – Page 346 – All life is problem solving.

Economics / Bernanke, consumption, deficits, deflation, Federal Reserve Board, interest rates, Keynes, monetary policy, stimulus, unemployment /

Bernanke Takes a Beating

November 15, 2010

Poor old Ben, I feel bad for him. Today’s Wall Street Journal carries an open letter from a long list of right wing leaning economists and other sundry analysts urging him to stop all this QE2 nonsense and get back to the proper course of reducing regulation, helping big business, and thinking of nifty ways […]

Economics / bailouts, consumption, deficits, fiscal policy, GDP, retail sales, stimulus, unemployment, wages /

Retail Sales Versus Debt Liquidation: Which Wins?

November 15, 2010

The phase of the recovery we are now in can be described as a tussle between two opposing sentiments for households. Do they go out and buy? Or do they pay down debt? Of course this is an aggregate view because there will be plenty of households in both camps. So it is the balance […]

Commentary /

Remembrance Day

November 11, 2010

A quick note: today is Remembrance Day in the UK. Their version of Veteran’s Day. But there’s a big difference. They take it seriously. For all our bluster and faux patriotism here, we don’t. The big signal of the difference is that they obey a national moment of silence in order to remember those who […]