Austrians vs Keynesians: The Scoreboard
[After submitting this to a discussion group as my synopsis of the difference between those two schools of thought on monetary theory and policy, I decided to tweak it a little and post it here. If nothing else, it might...
2009-07-02T03:01:00-05:00
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The Fed vs the Politicians
Last Friday, the top story in the Wall Street Journal was all about how our esteemed politicians on Capitol Hill jumped all over Fed chairman Ben Bernanke the day before. It was the harshest public grilling for a central bank...
2009-06-30T03:01:00-05:00
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Obama gets it: "Robust" growth is the solution
At last! We have a political leader who has found a way to say "Deficits don't matter under the right conditions" without becoming the target of ridicule and partisan barbs as happened to Dick Cheney. I consider that a huge...
2009-06-22T03:01:00-05:00
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FYI
Posting will be lighter than normal for a while, due to an emergency. I'll keep the comments up to date. Steve
2009-06-15T03:01:00-05:00
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Jobs "saved"? Great, but let's see the math.
Apparently, someone in the administration knows how to keep track of the number of jobs that would have been lost if the this administration's policies hadn't been in effect. Gee, I think that's just great... but I'd like to see...
2009-06-10T03:01:00-05:00
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Does Obama subscribe to The Economist?
I hope so. If he doesn't, there's not much chance his advisors will alert him to the latest edition's lead article: "Piling on: In his zeal to fix capitalism, Barack Obama must not stifle America's dynamism." (A ray of hope:...
2009-06-01T03:01:00-05:00
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Inflation Watch
Some people think deficits cause inflation; some don't. I'm in the latter group, because I think inflation is almost always a result of monetary policy, and seldom if ever of fiscal policy. But whichever it is, the numbers should start...
2009-05-27T03:01:00-05:00
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The Guantanamo solution? Easy.
The Sunday talk shows (ABC, CBS) spent a lot of airtime today on President Obama's Guantanamo dilemma: (1) he promised a million times during the campaign that he'd shut it down, and dutifully signed an order on day 2 to...
2009-05-24T14:54:00-05:00
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