The Radford Free Press – Page 351 – All life is problem solving.

Economics / bailouts, bank reform, banking, Bush, democratic party, Obama, republican party /

Election Result Instant Reaction

November 3, 2010

There is no news in the Republican victory. It was expected and deserved. They played a good political hand over the past two years while the Democrats waffled, meandered and failed. Do I like it? No. But the Democrats had it coming. But let’s not draw the wrong conclusions. This was not a victory for […]

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 […]