The Radford Free Press – Page 361 – All life is problem solving.

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 This only accomplishes two things: it perpetuates out of date thinking, and it confuses discussion.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 […]

Economics, Politics / Bush, deficits, government spending, Reagan, tax cuts, taxes /

The Republican Pledge … Not!

September 24, 2010

It must be election season. We know this because we are being honored with another Republican Party pledge to reduce the size of government. Like all such seasonal arrivals it wears a bit thin over the years, but is greeted with enthusiasm and interest by the media whose responsibility it is to keep all the […]

Economics / durable goods, durable goods orders, GDP, stock market, Wall Street /

Durable Goods slide; Wall Street Jumps … Huh?

September 24, 2010

You know it’s been a boring week on Wall Street when a very middling sort of report is sliced and diced in order to justify a strong run up in stock prices. The boys needed toys. What happened? The report for August durable goods showed a decline of 1.3%. That’s generally not something to cheer […]