The Radford Free Press – Page 435 – All life is problem solving.

Obama Gets It Wrong

November 18, 2009

There’s not much to say. In an interview with Fox today Obama warns us all about the threat of a double dip recession. So far so good. I agree. The cause? Too much debt and the subsequent possible loss of confidence in the bond markets that could trigger the need for higher US interest rates. […]

Uncategorized / consumption, GDP, inflation, jobs, real estate, recession, recovery, stimulus, unemployment /

Are We Already Slowing Down Again?

November 18, 2009

The data from the last couple of days has me wondering whether the growth in the third quarter – which increasingly looks likely to be reduced from the first estimate in next week’s revision – is something of a tease. Indeed the questions about next year are gathering more ominously and require both thought and […]

Economics / Federal Reserve Board, GDP, inflation, monetary policy /

Is Inflation a Shortcut to Safety?

November 16, 2009

Yes. The ideal economic policy for the next few years would be one that allowed a modest pick up in inflation, say into the 3% to 4% range. This would have the enormous benefit of reducing debt burdens as we switch the economy from its debt obsession to a more thrifty savings rate. It would […]

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