The Radford Free Press – Page 357 – All life is problem solving.

Economics / china, deficits, dollar, Federal Reserve Board, interest rates, monetary policy, Reagan, trade balance /

Currency Wars: The Chinese View

October 13, 2010

Let’s be fair: the Chinese have a point. They can rightly claim that the US is trying to inflate the world economy by flooding it with dollars, and that the flood is about to reach tsunami proportions if the Federal Reserve Board goes ahead with its long awaited second round of “quantitative easing”, or QE2 […]

Economics / banking, foreclosures, Obama, real estate /

Foreclosure Mess

October 12, 2010

Today’s news that the administration will side with the big banks and not call for a moratorium on foreclosures is just another example of the extent to which those in power will go to protect their banking benefactors. It is an extraordinary slap in the face for decency and common sense. The issue is simple: […]

Commentary, Economics / economic theory /

The Role Of Uncertainty in Economics

October 12, 2010

So much of economic theory needs to be replaced. We now realize that. I am especially focused on getting rid of the artificiality of rationality and complete knowledge from our thinking. At best they are crude approximations to real life. At worst they totally undermine our ability to deal with real world economic issues. They […]

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