The Radford Free Press – Page 355 – All life is problem solving.

Economics / Bernanke, china, dollar, monetary policy, stimulus /

China Frenzy

October 19, 2010

Just a quick note: you will have noticed that the Chinese raised their interest rates today. They are trying to fend off inflation and a potentially nasty real estate bubble. How I wish we had done the same thing back in 2004/2005. This action will slow their domestic economy, and thus drain some of the […]

Economics / Bernanke, consumption, deficits, depression, Federal Reserve Board, fiscal policy, GDP, Keynes, monetary policy, recession, Stiglitz, stimulus /

What a Strange World

October 19, 2010

What a very strange world indeed. This morning we have Joe Stiglitz, who has a reputation for being a bit of a renegade in economics, arguing against more quantitative easing in an op-ed piece for the Financial Times. At the same time we have Gavyn Davies reporting in the same paper that Bernanke is hell […]

Economics / bank reform, banking, Bernanke, Federal Reserve Board, Geithner, Japan, recession, stimulus /

Don’t Ask, Don’t Act

October 18, 2010

The military may be having an issue with its notorious”don’t ask, don’t tell” policy, but the economy is having an even bigger problem of its own. Policy makers and media don’t ask how big the problem is. Then, if they discover what’s going on by accident, they don’t act proportionately. Don’t ask, don’t act is […]