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

Economics / consumer debt, consumption, jobs, recovery, stimulus, unemployment /

Consumer Debt Drops Again

October 7, 2009

In another sign that it will be difficult to stoke the economy up into self-sustaining growth we learn toady that consumer debt dropped in August – the latest month for which we have information – by 5.8% or $11.98 billion. This is the seventh straight month of decline, which is the longest period of sustained […]

Economics / Keynes /

Economics: What A Mess

October 7, 2009

Most of you won’t care too much, but the state of the economics profession – if that isn’t dignifying it too much – is appalling. Sometimes I trip across snippets of ideas being articulated in a serious manner and end up aghast at their stupidity. Which be all well and good were it not for […]

Economics / consumption, GDP, inflation, interest rates, Keynes, recovery, regulation, stimulus, unemployment /

Back To the Stimulus Debate

October 5, 2009

It was bound to happen sooner or later. There are growing rumblings that we will need another round of government stimulus, a.k.a. deficit spending, before we can be assured that the economy can reach a sustainable growth path. The most recent source of the discontent from which those rumblings are emerging is last week’s poor […]

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