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    Economics / defense spending, deficits, Federal Budget, federal deficits, fiscal policy, health care reform, Medicare, monetary policy, recession /

    The Budget [non] Debate

    February 3, 2010

    Well the so-called debate about the federal budget deficit has not started well. Apparently we cannot even agree on the place at which to begin, let alone the place to which we need to travel. This is not good. Sometimes I feel so downcast at the juvenile nature of our discourse. Other times I simply […]

    Politics / free market theory, Supreme Court /

    Freedom of Speech?

    February 2, 2010

    This is a little off topic for me, but the recent Supreme Court decision defending corporate ‘freedom of speech’ is something worth commenting upon because it is based upon a free market doctrine drawn from economics. The decision was in a case called Citizens United v. The Federal Election commission. By a five to four […]

    Economics / deficits, federal deficits, fiscal policy, GDP, stimulus, tax cuts /

    Federal Budget Woes

    February 2, 2010

    Everyone, it seems, is now alert to the state of the federal budget. Apparently we are drowning in a sea of red ink, and, according to some, the deficit presages the decline of American influence and power. I don’t see it that way. Our decline, if there is any, has a very different source. We […]

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