Apart from the hard core rump of the Republican party and various libertarians, right wingers, and sundry whackos such as neoclassical economists, there is a quiet, but discernible, level of support for further stimulus should it be required. Even Nancy Pelosi, not one of my favorite politicians, agrees that something extra might be needed. Meantime […]

There are quite a few people who object to my strongly Keynsian view of economics. They don’t like stimulus packages; they hate nationalization; they produce scads of analyses showing definitively that the government causes all sorts of problems; and they adore monetary policy. Plus, strangely, they all seem to be big Ayn Rand fans. In […]

I think it’s time we had a look at what happens if nationalization of our major banks is off the table. Since this seems to be the position of the Obama administration we should try to dig into their alternative. In general the plan goes as follows: Hand over plenty of taxpayer money to the […]