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Category Archives: Keynesian economics
President Biden’s New Deal Budget Helps All of US
Financial FAQs President Biden’s $6 billion 2021-22 budget proposal would rebuild America’s infrastructure and social safety net, supporting those essential workers that need it the most. “It also represents the most substantial expansion of the federal government’s spending powers since … Continue reading
Why So Much Inequality?
Answering Kennedy’s Call Epi.org There aren’t many economists that still debate the origins of our record income inequality, the worse in the developed world, and even in some of the developing world. A loss of $10/hour in the typical worker’s compensation … Continue reading
A disappointing Jobs Report
Popular Economics Weekly MarketWatch.com Not everyone is eager to go back to work, according to this morning’s unemployment report. The US economy added just 266,000 new nonfarm payroll jobs in April. Leisure and hospitality led the way with 331,000 jobs … Continue reading
The Age of Narcissism is Ending
Answering the Kennedys’ Call PEWResearch The election of President Biden is bringing an end to the age of narcissism, or as Tom Wolfe titled it in 1976, “The ‘Me’ Decade”. Only 30 percent of adult Americans say they still like our former … Continue reading
American Economy Gets a New Deal
Popular Economics Weekly BEA.gov President Biden announced in his first ‘non-State of the Union’ address that “America is on the move again,” saying in effect that government isn’t the problem but the solution to today’s problems, including the horrific events … Continue reading
A Better Use of Economic Growth
Popular Economics Weekly AtlantaFed The Atlanta Federal Reserve Bank puts out a GDP now forecast of upcoming monthly GDP growth, and its latest estimate puts growth at the highest level since the 1980s, as we recover from the COVID-19 pandemic. … Continue reading
A Debt-Fueled Recovery Needed
Popular Economics Weekly To: Barron’s Letters Published: April 19, 2021 Barron’s Lisa Beilfuss cites David Rosenberg’s worries about hyperinflation (because of the Federal Reserve’s inability to keep inflation within acceptable rates), as the reason to worry about a sustainable “debt-fueled” … Continue reading
Debt-Fueled Recovery Needed
Popular Economics Weekly To: Barron’s Letters Published: April 19, 2021 Barron’s Lisa Beilfuss cites David Rosenberg’s worries about hyperinflation (because of the Federal Reserve’s inability to keep inflation within acceptable rates), as the reason to worry about a sustainable “debt-fueled” … Continue reading
Posted in Consumers, COVID-19, Economy, Keynesian economics, Macro Economics
1 Comment
Equitable Wealth = Equitable Growth
Answering the Kennedys’ Call Equitablegrowth.com We must cure the record income inequality if we are to re-unite the United States into a country that serves Americans in both red and blue states. The current disunity is a result of whole … Continue reading
Why the Inflation Worries?
Financial FAQs Reuters.com There has been too much talk of inflation, as so-called ‘bond vigilantes’ seek to take advantage of the fear that too much pandemic recovery aid will saturate the financial markets, creating runaway inflation and boosting interest rates. … Continue reading