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    Politics / bailouts, bank reform, banking, jobs, Obama, Reagan, recession, unemployment /

    Obama’s Failure

    September 1, 2010

    Last night Obama made a properly muted speech about our retreat from Iraq. A war that should never have been. Not a military defeat, but not a win. Just a massive cost, with no gain, and a huge loss of prestige. Then came the zinger: now we should turn our focus to domestic issues. Huh? […]

    Economics / Bernanke, Federal Reserve Board, fiscal policy, Keynes, Milton Friedman, monetary policy, Robert Lucas /

    Warring Economists and The Great Sleep

    August 31, 2010

    I sincerely hope that all of you are now busy exploring your economics textbooks. Really. Well at least I hope you are paying close attention the the war being fought within the economics profession. As arcane as it sounds, that war will affect your lifestyle for years to come. We all have a vested interest […]

    Economics / Case Shiller Index, conference board, consumer confidence, consumption, home prices, recovery /

    Consumers Yawn, Home Price Confusion: Nothing New

    August 31, 2010

    Get used to these dog days of summer. We may be set for years like this. The fact that consumer sentiment rose slightly according to the Conference Board survey for August means very little to anyone with an eye on the underlying economy. Only superficial analysts, like those infesting Wall Street, could be cheered by […]

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