The Fed is Losing Credibility (Duh!)
S & P 500 Index as of 11/18/15. Image courtesy of StockCharts.com Two posts ago in The Wall Street Casino Is … Read More
Category: Economic Issues
Ideas about how an economy works. Organized ideologies about economies go by names like Keynesianism, neoclassical economics, socialism, etc., etc.
President Obama’s Passions
Obama and the World (c) Can Stock Photo Every now and then you read a book or an article, or in this case an internet posting, that is so perfect, … Read More
The Wall Street Casino Is Open Courtesy of the Fed
Casino slot machine winnings like stock market returns? Photo Credit: Wikimedia Commons/Raul654 By now it is common knowledge: Currently the results of the U.S. stock markets … Read More
Morality and Capitalism
All a capitalist cares about? Photo Credit: Freeimages.com/Fernando Mengoni There are many such as Barack Obama, Hillary Clinton, Bernie Sanders, Elizabeth Warren, and Bill Gates, … Read More
Failures of New Keynesian Economics
The wreck of an elegant model! Photo Credit: Flickr.com/Kevin Hutchinson The New Keynesian economics is such an elegant mental construct that it is … Read More
How New Keynesians Explain 1970s Stagflation
Dr. Jimmy Carter’s Stagflation Advice: “I’m Going To Give It To You Straight—I Don’t Have Any Idea What I’m Doing.” … Read More
New Keynesian Adjustments for Inflation
One view of what to do with too much money! Photo Credit: CanStockPhoto.com/dolgachov (c) Can Stock Photo [NOTE: Edited on 11/13/2015 to ensure proper interpretation of the Taylor … Read More
Inside the Mind of a New Keynesian
A New Keynesian’s Brain Image Credit: FreeImages.com [NOTE: Edited on 11/13/2015 to ensure proper interpretation of the Taylor Rule.] There can be no doubt … Read More
Blowing Up the New Keynesian Model
Demolition Explosion! Photo Credit: U.S. Department of Energy I am beginning to see suggestions that it is time to blow up New Keynesian economics to smithereens … Read More
The First of the BEPS Refugees
Leaving the U.S. for more salubrious climes! Photo Credit: free images.com/Oziris Last June 10 I wrote a heads-up about a wave of large corporations possibly leaving the United … Read More
Cognitive Dissonance
Confusion and Illumination This morning, reading an account of how U.S. GDP increased by only 1.5% in the third quarter of this year, I fell into another unsettling and uncomfortable sense … Read More
What Does Falling Money Velocity Tell Us?
A falling dollar? Image Credit: Flickr.com/Horia Varlan In our last post, Should We Expect Inflation or Deflation?, we discovered several things about why … Read More
Should We Expect Inflation or Deflation?
Money balloon being popped! Image Credit: CanStockPhoto.com/jgroup Among the most confusing questions of the last decade is whether we are currently in an inflationary economic environment, … Read More
Another Housekeeping Note!
Housekeeping Image Credit: Wikimedia Commons/Quadell Well, I just had another good idea for making this website more useful – or at least I hope it is! … Read More
Is It Even Possible for the Fed to Raise Rates?
Federal Reserve Chairman Janet Yellin with Sec. of Treasury Jack Lew PD-USGov Janet Yellen and other members of the FOMC have expressed their desire to raise interest … Read More
Will the U.S. Have Troubles Soon Financing Its Debt?
US Treasury Department Building, Washington, DC Photo Credit: Flickr.com/romanboed A nightmare seems to be stalking the executive and legislative branches of the U.S. government. Is it possible they soon may … Read More
The Solow-Swan Model and Where We Are Economically (3)
In this post we will permit more dynamic economic change in the Solow-Swan model than we did in the previous two posts. This is accomplished by allowing the curves describing … Read More
The Solow-Swan Model and Where We Are Economically (2)
Photovoltaic Production Line Photo Credit: canstockphoto.com/06photo In our last post we sketched out the Solow-Swan model of economic growth that created an economic picture of per … Read More
The Solow-Swan Model and Where We Are Economically (1)
They don’t pay me enough! Photo Credit: Flickr.com/Bitterjug OK, everyone! Put on your thinking caps because we are going to be doing some serious macroeconomics thinking. … Read More
The Trans-Pacific Partnership
Container ship from Asia Photo Credit: Flickr.com/Peter Kaminski Last Monday the United States and 11 other countries with shores on the Pacific Ocean reached … Read More
The Importance of Personal and National Savings
A busted piggy bank! Photo Credit: MorgueFile.com/mconnors This morning I endured a period of cognitive dissonance while reading a May 2015 fortune.com post entitled Are Americans saving too much of … Read More
The Rahn Curve and the Way Out of Economic Peril
Image Credit: Foundation for Economic Education, fee.org Feeling rather morose after writing the post What is the Economy’s Condition?, I was mulling over what I could possibly write to suggest … Read More
Post Script on the Economy’s Condition
This post is a very short post script to yesterday’s post on the economy’s weakening condition. In that post I noted the current evidence of both the stock markets and … Read More
What is the Economy’s Condition?
Grizzly bears looking for a market to eat! Photo Credit: Flickr.com/wallyg We all know the U.S. stock markets are beginning to enter “Bear” territory, but are … Read More
Economic Damage Created by the Fed
With a turbulent flow of easy money having flooded into the banking system, the Federal Reserve System has inflicted great wounds on our economy. In previous posts we have shown … Read More
Achilles Heel of Autocrats: Their Economy
Achilles with Paris’ arrow in his heel. Photo Credit: Flickr.com/texmex5 The national security outlooks of the United States and Western Europe are beginning to look grim. … Read More
A Failed, “Lead From Behind” Foreign Policy (1)
Iranian and P5+1 Negotiators for Iran Nuclear Deal Photo Credit: Wikimedia Commons/US State Dept. At times it seems as if the Obama administration would just as soon wall the rest … Read More
Why Have ZIRP and QE Failed?
Wanted for Bank Robbery Photo Credit: Flickr.com/takomabibelot By now after roughly six and a half years of a … Read More