The Radford Free Press – Page 439 – All life is problem solving.

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 […]

Economics / Bernanke, GDP, inflation, interest rates, monetary policy, recovery, stimulus, unemployment /

Bernanke Speaks: Modest Growth Ahead?

November 16, 2009

In comments made today Bernanke has given a cautiously optimistic view of the economic outlook. I emphasize the word cautious. Allow me to summarize: The economy grew about 3.5% in the third quarter, breaking a four quarter span of decline. Bernanke sides with the optimists in arguing that this growth came from sufficiently diverse sources […]

Economics /

Trade and The Dollar 2

November 16, 2009

This morning Paul Krugman has an op-ed in the New York Times explaining some of what I was alluding to last Friday. The key point to bear in mind is that trade and currency issues often lap over into domestic policy decision making. So what may appear to be a little abstract to the average […]