Category Archives: Keynesian economics

Where is Harry Truman—Part II?

Posted on July 14, 2010 by Popular Economics Weekly

Popular Economics Weekly What is the case for not providing more additional stimulus spending to boost economic growth? Harvard Econ Prof Gregory Mankiw, former Bush White House economic advisor, gave this rather bizarre prediction for the future behavior of employers … Continue reading →

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Inequality and Recessions

Posted on May 15, 2010 by Popular Economics Weekly

Has greater income equality in the United States since the 1970s, as documented by Thomas Piketty and Emmanuel Saez; (Feb. 2003 Quarterly Journal of Economics), led to greater financial instability of the financial markets, and perhaps precipitated the ‘Great Recession’ … Continue reading →

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Why Financial Reform?

Posted on April 25, 2010 by Popular Economics Weekly

Why the difficulty in pinning down who was responsible, is the question we asked last week. A major source of the problem is the claim the players weren’t responsible for any consequences. Even Alan Greenspan had said the Federal Reserve wasn’t able to detect asset bubbles—the major cause of most financial meltdowns—so how could anyone else detect them? And if not detectable, than how could anyone be held responsible for causing them, and the losses when they burst? Continue reading →

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