The Radford Free Press – Page 377 – All life is problem solving.

Economics / bailouts, bank reform, banking, bankruptcy, Citibank, consumption, deficits, Federal Reserve Board, fiscal policy, GDP, Geithner, imports, inventories, Keynes, Minsky, recession, recovery, regulation, stimulus, unemployment /

Meanness, Mediocrity, and Bank Reform

June 25, 2010

It takes a particularly virulent form of mean spiritedness for a nation to walk away from its most vulnerable citizens at a time of their greatest need. Yet that is what the US, and by implication you and I, has just done. The Senate was unable to muster enough votes to continue the extension of […]

Economics /

Home Sales Slump

June 23, 2010

A quiet week has been punctuated by a horrible report for sales of new homes. They slumped 33% in May to a record low annual rate of 300,000. That’s simply rotten. There is growing concern amongst policy makers that the recovery is weakening and may even be reversed. The odds of a double dip recession, […]

Economics / austerity policies, fiscal policy, Paul Krugman, recession, recovery, stimulus, unemployment /

Stupid Austerity Policies

June 18, 2010

Please read Paul Krugman’s article in today’s New York Times. He nails the anti-austerity argument. Which supports the point I made a few days ago. The simple fact is that enforcing austerity measures at the moment will be counter-productive. It is absurd for anyone to argue that there is a sound economic reason for budget […]