The Radford Free Press – Page 99 – All life is problem solving.

Economics, Politics / capitalism, democracy, plutocracy /

Quote: Capitalism

September 22, 2015

While preparing for a speech here I came across this: “The shrinking of the middle class is not a failure of capitalism. It’s a failure of government. Capitalism is doing exactly what it was designed to do: concentrating wealth in the ownership class … That’s the natural drift of the relationship between capital and labor, and it […]

Economics, Politics / banking, fiscal policy, interest rates, monetary policy, plutocracy, Wicksell /

Interest Rates

September 22, 2015

The Fed’s decision last week not to raise interest rates has produced a predictable burst of apoplexy in the banking industry. So what? Banks would be more profitable if rates were higher. These low rates have squeezed their net interest margins and banker are prone to bleat very loudly if their bonus opportunities are damaged […]

Economics, Politics / austerity, economic theory, inflation, Keynes, Paul Krugman /

Beating Dead Horse?

September 22, 2015

I am not sure I understand the point of Alexander Kaufman’s column in the Huffington Post. In it he takes Paul Krugman to task for being repetitive and talking about just there things: austerity is bad, inflation fears are overblown, and Keynes was right. Well now. Whether or not we have disagreements with Krugman – […]

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