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Stimulus Wimps
I apologize to readers for technical problems that have made it difficult to find my blog. I am told the problems have been solved. I want to refer…
I apologize to readers for technical problems that have made it difficult to find my blog. I am told the problems have been solved. I want to refer…
Paul Krugman advocates an additional stimulus program, along the lines of the $787 billion stimulus program enacted last February. He has not, to my…
The unemployment rate is weighing very heavily on the economy, and on our politics as well. People are getting impatient: the unemployed, of course,…
Ryan Grim, in a posting January 21 on Huffington Post, states that "a recent poll [a Research 2000 National Poll] found that 47 percent of Americans…
There is a disturbing report in The New York Times this evening: Senator Reid, the Senate Majority Leader, is reported to have said publicly that "he…
The recent announcement of what I'll call the "Volcker Plan" for regulating banks was sandwiched between two major political events: the election of…
The big news of the day is the president's apparent embrace of Paul Volcker's proposal to "restore Glass-Steagall," which is short-hand for confining…
On January 3, Fed chairman Ben Bernanke gave a long speech entitled "Monetary Policy and the Housing Bubble," in which he argued that the Fed's low…
I interrupted my blogging at this site on October 23. There were two reasons, closely related. The first is that I needed the time to finish my new…
Paul Volcker has suggested, as has Mervyn King, the Governor of the Bank of England (the U.K.'s version of the Federal Reserve), along the lines of…
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