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    Economics / deficits, fiscal policy, Keynes, Milton Friedman, Niall Ferguson, stimulus /

    The Deficit Debate Continues

    February 17, 2010

    Martin Wolf in today’s Financial Times absolutely nails the essentials of the current debate breaking out over our national debt and the federal deficit. I completely endorse his point of view. I can understand people who are not involved in economic policy discussions making the mistake that we ought to deal with our deficit as […]

    Politics / Eisenhower, Reagan, republican party /

    Times and Parties Change

    February 16, 2010

    My son sent me a great link to the Daily Kos, where he highlighted an intriguing entry. I have copied the opening for your reading pleasure: Please help me discover the origins of this brilliant party platform: We are proud of and shall continue our far-reaching and sound advances in matters of basic human needs‰ÛÓexpansion […]

    Economics / banking, Barclays, finance, Goldman Sachs, rent seeking /

    Absurd Bank Profits: Barclays Edition

    February 16, 2010

    Barclays Bank, the almost buyer of Lehman back in the depths of the crisis – the UK government vetoed the proposed acquisition – just reported that it made an $18 billion profit in the fourth quarter. That’s a stunning turn around for a bank that was in the same boat as all the other major […]

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