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Categories
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Category Archives: Keynesian economics
Greenspan’s Greed and The Federal Deficit
Popular Economics Weekly The deficit this year is expected to be $514 billion— just 3 percent the size of the economy and significantly less than the $1.4 trillion deficit Congress ran up when it pumped stimulus into the economy in … Continue reading
Janet Yellen’s Nemesis—The Great Moderation
Popular Economics Weekly New Fed Chairwoman Janet Yellen has a great task ahead of her. How to combat the results of the Great Moderation, as it was called, that period of low inflation with moderate economic growth that prevailed from … Continue reading
Wisconsin’s Austerity Lesson
Popular Economics Weekly Governor Scott Walker is having his own problems with the ongoing investigation into staffers using public funds for political campaigning as a County Manager, but it doesn’t seem to faze him as he touts the success of … Continue reading
Posted in Consumers, Economy, Keynesian economics, Politics, Weekly Financial News
Tagged austerity policies, consumer spending, EPI, Henry Ford, household incomes, Income inequality, jobless rate, jobs, New Deal, private nonfarm payrolls, wisconsin deficit, Wisconsin Governor Scott Walker, WPA
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Hoorays For New Fed Chair Janet Yellen
Financial FAQs Fed Chairwoman Janet Yellen’s congressional testimony proved that she is more than qualified to steer the US economy back to health. She is the economists’ economist, in a word, willing to explain the most basic economic truths in … Continue reading
Where Are The Brave Ones?
Popular Economics Weekly Now that China has replaced 1980s Japan as the economy that might surpass us, can we find one brave policy maker, (including President Obama), that’s willing to sound the alarm? China now has a robot roaming the … Continue reading
Post-WWII Lessons—How to Reduce Debt?
Financial FAQs There is a productive way to pay down the federal and consumer debt loads instead of the austerity policies currently in vogue both here and in Europe (i.e., that cut taxes and government spending). It’s means implementing policies … Continue reading
Unemployment Still the Problem
Financial FAQs Friday’s U.S. unemployment report might have been an aberration due to the severe winter with just 74,000 nonfarm payroll jobs created, according to the Bureau of Labor Statistics, but how many of those workers who left the labor … Continue reading
Beware of the Taperians!
Popular Economics Weekly Now that the Fed has begun to reduce its QE3 securities’ purchases $10B per month in January, what will that do for growth? My answer is it’s too soon to say. Firstly, beware of the ‘Taperians’, those … Continue reading
Econ Robert Shiller’s Nobel Prize a Big Win
Popular Economics Weekly Although much of what Yale economist Robert Shiller writes is about the importance of financial markets, he won the Nobel Prize in Economic Sciences for studying how financial markets misbehave. He is a pioneer in the new … Continue reading
Is This A New Civil War?
Popular Economics Weekly The New York Times stated in a 2010 poll that the 18 percent of Americans who identify themselves as Tea Party supporters tend to be Republican, white, male, married and older than 45. History tells us the … Continue reading