The Radford Free Press – Page 420 – All life is problem solving.

Economics / bailouts, bank reform, bank regulation, banking, Bernanke, Fama, Keynes, Lucas, Mankiw, Minsky, Taylor Rule /

Was It Interest Rates?

January 13, 2010

One of the enduring myths about the banking implosion is that the real estates bubble was facilitated in part, or in main, by the incredibly lax monetary policy started by Alan Greenspan and then continued by Ben Bernanke. This story goes like this: interest rates were keep much too low for much too long during […]

Economics / Angelides, bailouts, banking, Financial Crisis Inquiry Commission, Geithner, Goldman Sachs, Jamie Dimon, JP Morgan Chase, Lloyd Blankfein /

The Crisis Commission: Day One

January 13, 2010

This is a week where news about the economy is scarce – the only notable data was the fact that the trade balance widened to $36.4 billion in November, which is both the worst since January last year and a fairly good sign that domestic activity is improving. So we learn nothing new even from […]

Commentary / fiscal policy, monetary policy, political reform, regulation, stimulus /

‘Can’t Do’ America?

January 12, 2010

I have just re-read James Fallow’s article in this month’s Atlantic Monthly: I highly recommend it to anyone who is willing to take a detached and thought provoking look at the ‘malaise’ of America. His point, in brief, is that America as a society is functioning fairly well, but that it’s government is broken. He […]