The Radford Free Press – Page 356 – All life is problem solving.

Economics / Consumer Price Index, deflation, inflation /

Inflation … What Inflation?

October 15, 2010

Just a brief note on today’s inflation report: those of you expecting more action from the Fed to stimulate the economy will have that expectation reinforced. Inflation in September, as measured by the Consumer Price Index, was a meager 0.1%. Over the past twelve months it has been 1.1%. And that’s including a 5.1% increase […]

Economics / deficits, deflation, exports, Federal Reserve Board, GDP, imports, inflation, jobs, unemployment /

Inflation, Jobs and Trade: Yawn!

October 14, 2010

If we are looking for gripping stories now that the epic Chilean mine rescue is successfully complete we should avoid the economy. Dull dominates the scene everywhere there. There are three reports to note, none great. First, producer prices rose at a 0.4% rate last month. That appears to be quite a jump at first […]

Economics / economic theory /

Bankers and Externalities Galore

October 13, 2010

Ah! A teachable moment. As a matter of fact very many such moments. How does the continued existence of the big banks act as a disproof of free market theory? A cursory familiarity with the news shows us plenty of examples of what economists call “externalities”. These are pernicious events that fall outside the set […]

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