The Radford Free Press – Page 378 – All life is problem solving.

Economics / deflation, Federal Reserve Board, GDP, home prices, inflation, interest rates, jobs, monetary policy, real estate, recession, stimulus /

Slowing Down

June 17, 2010

The first phase of the recovery is now well and truly over. The economy is showing signs of slowing down. The issue has now become how slow will ‘slow’ be? Most of the reports being released at the moment confirm that the heady days of late last year and early this were showing an economy […]

Economics / fiscal policy, Keynes, monetary policy, recession, recovery, retail sales, stimulus, unemployment /

The False Allure of Austerity

June 14, 2010

I go away for a while and things get out of hand. I am shocked at the current spate of calls for austerity worldwide. It’s an epidemic of Puritanical self-loathing. None of which makes any sense. It should be obvious, but evidently is not, that the economy is still weak. Last week’s poor retail sales […]

Commentary / BP, oil industry, oil spills, Reagan /

BP, Calamity, and Hypocrisy

June 14, 2010

The ongoing saga of the BP oil spill has generated an enormous amount of nonsense at practically every level. The media has made the story its central news item for weeks, and now the White House is piling on. None of the spewing forth helps at all. Most of it simply highlights our astonishing ability […]

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