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

Economics / health care, jobs, unemployment, wages /

Health Care Revisited

October 6, 2010

It seems a very long time ago that I last commented on health care reform. I felt I had exhausted the topic and so I have let it rest. But today’s nice article by David Leonhardt in the New York Times reminds me that reform rumbles on, and is having a number of odd consequences. […]

Economics / auto industry, bailouts, Bernanke, consumption, corporate profits, deficits, fiscal policy, GM, productivity, recession, recovery, stimulus, wages /

Supply Or Demand: Where’s The Problem?

October 5, 2010

We are all familiar with those old supply and demand curves so beloved of economists. Ever since Alfred Marshall introduced them to the world, economists have deployed them to illustrate and to help solve every problem imaginable. Yet the current crisis has opened up a chasm between the two. There are some who believe our […]

Economics / consumption, federal spending, fiscal policy, GDP, imports, inventories, recession, recovery, state spending, stimulus, unemployment /

GDP Revised Sideways; Jobs Edge Up

September 30, 2010

Todays has seen a little flurry of news, so lets’ just take a look: The latests revision of GDP was released, and showed practically no change. At 1.7%, GDP growth was mediocre in the second quarter to say the least. The details are worth looking at because they give us insight into the probable course […]