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    Economics / Bernanke, Federal Reserve Board, John Taylor, Taylor Rule /

    Muddle Over The Fed [Or How John Taylor Can’t Think Straight]

    August 10, 2009

    Today’s Financial Times has a couple of articles in it concerning the Federal Reserve Board and Ben Bernanke. The general thrust of each is to diffuse criticism of the Fed and to advocate it’s independence and the overall record of Bernanke himself. One piece is an editorial favoring Bernanke’s re-appointment as Fed chairman. The other […]

    Economics / recession, recovery, unemployment /

    Employment: Not As Good As It Looks

    August 10, 2009

    Back from a hiatus I want to begin by making a couple of comments about the unemployment data from the end of last week. The unemployment report was fraught with analytical land mines. From one perspective the data looks good: the unemployment rate fell to 9.4% and the number of lost jobs was ‘only 247,000’ […]

    Economics / entrepreneurs, health care, insurance costs, small business /

    Health Care and Small Business

    August 5, 2009

    There are two linked issues when we talk of small business and health care. One is that the cost of providing health care as a ‘benefit’ to employees often prohibits a small business owner from so doing. Indeed the horror stories of what happens when an employee in a small business actually makes a large […]

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