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
"There are more things in Heaven and Earth, Horatio, than are dreamt of in your philosophy."
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
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
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
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
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
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
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
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
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
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
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 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
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
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
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
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
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
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
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
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
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
Anti-war demonstration in Berkeley, CA Photo Credit: Flickr.com/celesteh When I was a child growing up in the 1950s, I absorbed what at the time felt like … Read More
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
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
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
Speaker of the House John Boehner Photo Credit: flickr.com/Peter Stevens The day after the Pope gave a historic speech to the joint houses of Congress, … Read More
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 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
Russian TU-95 bomber intercepted over North Sea/Atlantic Ocean, 29 October 2014 Photo Credit: NATO/RAF The Obama administration has made the world more dangerous for the West by more than just … Read More