The Radford Free Press – Page 425 – All life is problem solving.

Economics / Angelides, banking, Financial Crisis Inquiry Commission, Goldman Sachs /

Banking Reform: The Work Begins?

January 10, 2010

This week brings the beginning of the Financial Crisis Enquiry Commission’s public hearings. This body was set up early last year to investigate the origins and consequences of the bank implosion that brought our economy to its knees. The Commission’s chairman is Phil Angelides a former treasurer of California. He promises a thorough and illuminating […]

Economics / interest rates, jobs, recovery, stimulus, unemployment /

Poor Jobs Data

January 8, 2010

Oh well. For most of the last couple of weeks the financial media and various Wall Street economists have been plying us all with optimistic forecasts for unemployment. This week, the argument went, would bring the first increase in payrolls for a very long time, and that would portend a very happy 2010. Even if […]

Economics / bailouts, banking, Federal Reserve Board, Hoenig, Keynes, Minsky /

Man Lands on Mars: TBTF Again

January 7, 2010

Well not exactly. But close. The feeling of exhilaration and adventure that surely would accompany such an event is exactly the feeling I experienced when I read that a session at this year’s annual American Economics Association actually discussed something relevant to the economy. Wow. That’s big. The discussion in question was one concerning the […]