The Radford Free Press – Page 373 – All life is problem solving.

Economics / consumption, deficits, deflation, Federal Reserve Board, fiscal policy, GDP, inventories, jobs, Keynes, monetary policy, recovery, regulation, stimulus /

It’s The Demand, Stupid

August 11, 2010

Things are not looking very good. When we have luminaries such as Greenspan and Rubin agreeing that the economy is weak, but that it will get through this minor lull in good shape, we have to worry. Neither of them has much credibility any more, so I take their unanimity on the positive outlook as […]

Economics / bankruptcy, Bernanke, consumption, deficits, deflation, depression, Federal Reserve Board, fiscal policy, Fisher, Kalecki, Keynes, Minsky, recession, recovery /

The Fed And Deflation: Are We There Yet?

August 10, 2010

Who knows? Most likely nothing but issue a statement designed to let us know that they are still vigilant. The problem is that the Fed is now highly divided between the fiscal hawks, and the newly energized deflation worriers. Under normal circumstances the Fed airs its differences around the table and not in public, but […]

Commentary / free market theory, free markets, Reagan, real world economics, unemployment /

Unicorns and Free Markets

August 5, 2010

One of the more depressing features of the discourse on the parlous state of our economy is the constant refrain from some about the need to allow ‘free markets’ to do their magic and fix our ills. That’s nice. Or it would be were free markets not like unicorns. Both are beautiful and captivating. Their […]