The Radford Free Press – Page 430 – All life is problem solving.

Economics / bailouts, banking, Citibank, Goldman Sachs, interest rates, Paul Volcker, regulation, rent seeking, TARP /

Citibank; Volcker and The Banks

December 16, 2009

It seems like an age since I was filling this space with my opinions about the pros and cons of nationalization. In terms of bank earnings it has been an age: the big banks have all done extremely well this past year. Not that they could have fouled up in such a featherbed environment, rigged […]

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 […]

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