The Radford Free Press – Page 481 – All life is problem solving.

Economics / crowding out effect, deficits, inflation, interest rates, liquidity premium, Martin Feldstein, Paul Krugman, social programs, Tips, US Treasury Bonds /

Martin Feldstein: Economist or Ideologue?

June 29, 2009

We are back, apparently, to the thorny discussion of inflation. Depending on who you talk to inflation is an imminent scourge and thus Obama should stop all he is doing and become a Republican immediately, or else it is, at mots, a medium term threat that in no way inhibits whatever is left of Obama’s […]

Economics / personal incomes, savings, stimulus /

The Stimulus Arrives

June 26, 2009

Well at least those checks sent out to individual Americans seem to have arrived. Their impact was to jolt personal incomes in May and send the savings rate up to levels not seen for years. The release this morning tells quite a positive story on the surface with some not so good news underneath. Overall […]

Economics / recession, recovery, unemployment /

Green Shoots: Unemployment Gloom?

June 25, 2009

While everyone seems to be convinced that the recession is now approaching its end, or is at least getting worse less slowly, the data continues to wobble back and forth. So I repeat: look at trends, not single pieces of data. This morning’s release by the Bureau of Labor Statistics [‘BLS’] of last week’s claims […]