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
The Modes of ISIS’ Threat to US
Memorial to Nov. 2015 Paris attacks at French Embassy in Moscow Photo Credit: Wikimedia Commons/Stolbovsky Dartmouth College academics Steven Simon and Daniel Benjamin, writing the post Could Paris Happen Here? … Read More
A Death Trap of Wishful Thinking
Black flag of ISIS Image Credit: Wikimedia Commons ISIS (the Islamic State of Iraq and Sham) has just reminded us in … Read More
The Corruption of the Democratic Party
William Magear “Boss” Tweed Photo Credit: Wikimedia Commons (PD-US-unpublished) William Magear “Boss” Tweed (April 3, 1823 – April 12, 1878) was a notorious Democratic politician of … Read More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
Consequences of a Weak US President
U.S. troops near Siauliai Zuokniai, Lithuania, April 26, 2014 Photo Credit: AFP/Petras Malukas The U.S. and our NATO alliance are now facing the consequences of a weak … 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
Housekeeping Note
Housekeeping Image Credit: Wikimedia Commons/Quadell If you look to the top of this website, you will see a new menu item in the main menu … Read More
Progressive’s Views of Conservatives (2)
Photo Credit: CanStockPhoto.com/dundanim What is it about conservatives that makes at least some progressives want to incarcerate them and otherwise remove them from any influence on society? I can understand … Read More
Progressives’ Views of Conservatives (1)
I have frequently referred to the autocratic instincts of the American “progressive”. It is such a fascinating characteristic of progressives given their self-picture of themselves as the epitome of tolerance, … Read More
The Insuperable Problems of the Democratic Party
Sisyphus and his rock. Photo Credit: Wikimedia Commons/Titian(1490-1576), Prado Museum, (PD-US-no notice) In the post Democrats’ 2016 strategy assumes America is lurching left. Are they wrong? in this morning’s theweek.com … 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