The Radford Free Press – Page 484 – All life is problem solving.

Fixing Health Care

June 21, 2009

For me the central issue in health care is getting the alignment of incentives right. I realize that sounds dull, so let me explain. In a private system of allocation it is the price that helps force all the various components fall into line. If a price is too high then a consumer won’t buy […]

Economics / consumption, deficits, fiscal policy, monetary policy, stimulus /

Who Cares What the Public Says?

June 19, 2009

Unless we want to replicate the disaster that is the Californian budget on a national scale we should pay no heed at all to the views of the general public when it comes to fiscal policy. That’s harsh. But true. California, you will recall, messed its budget up by incessantly adopting the fiscal consequences of […]

Economics / stock market, unemployment /

Stock Market Follies

June 18, 2009

Ok Let’s have some fun: There are times when I want to tear my hair out. Today is one. Whatever you do: please take no notice of today’s stock market endorsement of the employment situation. These people are nuts. This is why the whole ‘green shoots’ thing has a bad rap. The wise folks down […]

«< 482 483 484 485 486 >»