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    Economics, Politics / banking, health care reform, Milton Friedman /

    Reform and Economics

    December 15, 2009

    Two things come to mind when I watch the ‘debate’ over health care and banking reform, the Senate needs to be fixed, and we need to provide lessons in economics. The Senate has never been a democratic institution. It was designed with stasis in mind. The over representation of small states is astounding in a […]

    Economics / Keynesian economics, Milton Friedman, monetarist economics, Paul Samuelson, Robert Lucas, Thermodynamics /

    Paul Samuelson and Monetary Policy

    December 14, 2009

    By now I am sure most of you will have learned of the Paul Samuelson’s death over the weekend. His reputation inside the economics profession is huge, to say the least, with most people rating him as one of the most influential economists of the 20th century, if not all time. For students of my […]

    Economics / banking, regulation /

    House Financial Reform Bill

    December 11, 2009

    I haven’t had time to digest the details yet, but it looks as if the proposed reform misses the key point: our banks are just too big. We can no longer afford to save them. They destroyed our economy last year and have thrown us deeply into debt. We cannot afford a repeat. Perhaps we […]

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