The Radford Free Press – Page 348 – All life is problem solving.

Economics / deficits, deflation, federal deficits, fiscal policy, GDP, Keynes, national debt, Paul Krugman, stimulus /

Accounting or Economics?

November 2, 2010

Poor old Paul Krugman is getting a ton of criticism for pointing out that economics is littered with accounting identities. His problem stems from the observation that if we want heavily indebted households to reduce debt by saving more, then someone else is going to have to balance this effect out by spending more. More […]

Economics / bailouts, Bush, deficits, deflation, dollar, fiscal policy, GDP, Reagan, recovery, tax cuts, unemployment, wages /

The Election and Economic Policy

October 29, 2010

Those of you who have read this blog since it started will recall that I set out to express my objection to the economic policies of the Bush regime. They were misguided, ill informed, and fiscally reckless. The Bush legacy is the single largest reason for our current Federal deficit. Remember his reasoning? That the […]

Economics / consumption, deficits, exports, Federal Reserve Board, fiscal policy, GDP, imports, inventories, jobs, monetary policy, non-residential investment, stimulus /

More GDP Muddle

October 29, 2010

We have been waiting for a while for today’s first look at third quarter GDP. We should have known better. At an annualized rate of 2.0% it was neither good nor bad. Frankly this concerns me more than either of those results would have. Muddling through is fast becoming the American way. That cannot be […]