The Radford Free Press – Page 381 – All life is problem solving.

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 […]

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 […]

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