The Radford Free Press – Page 414 – All life is problem solving.

Economics / consumption, deficits, fiscal policy, GDP, interest rates, jobs, monetary policy, Reagan, tax cuts /

Long Term Outlook: A National Strategy

January 29, 2010

With Obama’s conversion to fiscal conservatism now official I think we all need to take stock of the mountain he intends to climb. The problems are daunting, and any reasonable attack on them will encompass years – probably his entire term in office, even if he is re-elected. Why is this? The latest Congressional Budget […]

Economics / Bernanke, Federal Reserve Board, monetary policy /

Bernanke Confirmation

January 29, 2010

I have left Bernanke’s confirmation for a second term at the Fed uncommented upon for the simple reason that I have little to add. But for the record: on balance I opposed his re-appointment. On the negative side: He has shown little indication that he intends to adjust the Fed’s activities in light of the […]

Economics / consumption, federal spending, GDP, inventories, Investment, jobs, state spending, stimulus /

GDP Growth Surges … Or Does It?

January 29, 2010

Calm down everyone. Today’s report that GDP grew at an annual rate of 5.7% in the last quarter of 2009 is a very misleading statistic. Yes, the economy grew, and, yes, growth was a little higher than in the third quarter, but the growth trajectory is a lot lower than that 5.7% suggests. Here’s why: […]