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

Economics / banking, deflation, Federal Reserve Board, interest rates, monetary policy, quantitative easing, stimulus /

Run Away: The Fed Gives In?

September 29, 2010

This is plainly ridiculous.I am stupefied by the nonsense emanating from officialdom over the economy. Two separate Federal Reserve presidents recently made total fools of themselves, and yet they are taken seriously. Philadelphia Fed President Charles Plosser and Minneapolis Fed President Narayana Kocherlakota have both given speeches, and made other comments within the last day […]

Economics / consumer confidence, consumption, GDP, jobs, unemployment /

Consumer Confidence Slips Again

September 28, 2010

It’s tough to have a vibrant economy when the people who comprise that economy are in a funk. So the news that consumer confidence has slipped a little more and is now below where it was at the beginning of the year is not good news. The Conference Board calls the 48.5 reading for September […]

Economics / Alan Greenspan, consumption, deficits, deflation, Federal Reserve Board, fiscal policy, GDP, inflation, interest rates, jobs, Keynes, Minsky, recovery, stimulus, unemployment, wages /

Greenspan, Debt, and What To Do

September 26, 2010

Alan Greenspan who spent his life advocating free market solutions to every imaginable problem recently appeared on television, and with all the humility of a totally discredited thinker, went straight on advocating his old ideas. This only accomplishes two things: it perpetuates out of date thinking, and it confuses discussion. Perhaps worse: it validates wrong […]