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

Economics / Bush, creditors, deficits, Federal Reserve Board, fiscal policy, GDP, interest rates, monetary policy, Reagan, supply side economics /

Our Policy Conundrum

November 25, 2009

I have spent much of my time recently lashing away at the notion that either monetary policy [i.e. interest rates] or fiscal policy [i.e. the Federal budget deficit] should be tightened any time soon. Nowhere in the data is there a sign that now is close to appropriate for such a move. “It is not […]

Economics / bond markets, deficits, interest rates, recession, recovery, regulation, stimulus, unemployment /

Are We That Dumb?

November 24, 2009

Apparently. The growing consensus in the media and commentariat is that a recovery has begun, that the economy is therefore OK, and so we need to shift our attention to setting the stage for tightening both fiscal and monetary policy. And this tightening had better come soon since there is a tsunami of problems ready […]

Economics, Politics / consumption, exports, GDP, government spending, imports, inventories, non-residential investment, residential investment, stimulus /

GDP: When Is Growth Not A Recovery?

November 24, 2009

Today’s revised GDP numbers for the Third Quarter are disappointing. You may recall that the original estimate last month was that we saw the economy grow about 3.5% in those three months. As better data has been accumulated, that growth is now estimated to have been smaller, at 2.8%. While any growth is good, especially […]