The Radford Free Press – Page 446 – All life is problem solving.

Economics / Federal Reserve Board, inflation, interest rates, John Taylor, monetary policy, stimulus, Taylor Rule /

Interest Rates … Time For A Raise?

October 13, 2009

No. No. No. Not at all. One of the oddest discussions now taking place in economic policy making circles is the one that concerns when, and how fast, interest rates should be raised. I find it odd simply because there is no analytical, theoretical, support anywhere for a raise. It is likely to stay that […]

Economics / dollar, exports, imports, interest rates, Reagan, trade deficit /

The Dollar Falls

October 9, 2009

A few of you have asked what I think about the recent sharp decline in the value of the dollar. In general it’s a good thing. Let’s have more decline. The problems we have with the dollar stem largely from the flood of money we have created to bail ourselves out of the mess the […]

Economics / bailouts, banking, bankruptcy, Bernanke, deflation, Federal Reserve Board, inflation, interest rates, monetary policy, recovery, stimulus /

Interest Rates and Bank Lending – What Lending?

October 9, 2009

Well not quite none. The point being that loans to businesses by commercial banks have been declining steadily for three months, at something like an annualized 28%. So while a lot of media attention has been given to all the shenanigans banks are playing with their retail customers – people like you and me – […]