The Radford Free Press – Page 448 – All life is problem solving.

Economics / inflation, interest rates, Keynes, monetary policy, Reagan, stimulus, unemployment /

Keynes Versus Reagan

October 19, 2009

There is something of a Keynesian revival going on right now. The bookshelves are filling with a wide variety of biographies, examinations of theory, comparisons with monetarism, and other angles all designed to give some insight into the Keynesian theory and why it has become so fashionable currently. In that vein I have been reading […]

Economics / B. of A., banking, Citibank, GDP, Goldman Sachs, JP Morgan Chase, Minsky, recession, recovery, regulation /

Two Americas

October 16, 2009

There are ominous signs emerging within our nascent recovery: one part of America is seemingly well on the way to a prosperous 2010, while the other remains stuck in a fear filled, jobless, and decidedly unprosperous mess. This week’s release of bank earnings highlights this divergence. “it is reckless and extraordinarily bad public policy to […]

Economics / commercial real estate, consumption, jobs, recession, recovery, retail sales, stimulus /

Retail Sales: Both Bad and Good?

October 14, 2009

Today’s retail sales report was greeted with a mixture of relief and optimism: most analysts had feared the worst. Instead sales dropped from August to September by only 1.5%. That a decline is treated as a good result goes to show just how fragile things remain. The source of all the pre-report angst was the […]