Tag Archives: Economics

The Democrats, The Wilderness & the Affinity Between Statism & U.S. Business

During a crisis, if one possesses a sufficient enough grasp of identity, you turn outward not inward.  When the Republican’s lose bad they return from the wilderness stronger; having profound moral, political sources, the Republican party hardly suffers from renewal … Continue reading

Posted in Economics, Uncategorized | Tagged , | 2 Comments

The Mythology of Authority: Keynesian Abdication Called Secular Stagnation

When Raymond Aron wrote The Opium of Intellectuals, he wasn’t thinking of defending a perfect asshole like Paul Krugman, the Keynesian authority cited as the source for the canard secular stagnation.  Nor was he thinking of Dreyfus on French Guyana, even … Continue reading

Posted in Macroeconomics, Reagan | Tagged , , , | Leave a comment

The Social Impact of Student Debt

Anyone over the age of 45 remembers a predominant cash economy.  You mortgaged a home only, everything else was cash, including tuition.  How things have changed!    What has not changed are the dominant social achievements & institutions that underwrite … Continue reading

Posted in Student Debt | Tagged | Leave a comment

Getting Growth, Then Wages: Sequencing Policy Matters

The cacophony of half truths never relent, this is especially true for the discipline of economics.  The adults that make up the White House Press Corps., journalism and hosts of other digital media never seem to get around to acknowledging … Continue reading

Posted in Political Economy | Tagged , , , , | Leave a comment

Draghi: Hits a Nerve

The collapse of velocity (public spending) throughout the entire European monetary union isn’t something any Central Bank can fix.  This is a structural problem best resolved by politico’s.  Having the Central Bank assume responsibility for political problems that are intrinsically … Continue reading

Posted in Economics | Tagged , , , , , , | Leave a comment

Federal Reserve: Out of Ammo, AGAIN.

Myths die hard in America.  So it goes with the idea of the ‘Phillips Curve’ and the belief that an institution can control both labor market activity and inflation simultaneously.  Even though Reagan & Volcker killed this ideological behemoth, the … Continue reading

Posted in Economics | Tagged , , , , | Leave a comment

The Ideological Drive Animating Policy Convictions Of F.O.M.C.

The Federal Open Market Committee (FOMC) is responsible for setting macroeconomic policy trends in consultation with its chairman.  Why is this significant?  Keynesian thought has overt socialist underpinnings that work at odds with market based trends.  The classic case is … Continue reading

Posted in Economics | Tagged , , , , , , , , , , , , ,

If Macro-Economics Is So Great, Why Don’t We Prosper?

Recently the WSJ editorial page had a letter to the editor from a devoted reader in La Jolla, California.  He asked a pointed question, you know the type, the dangerous inquiry that excoriates the philosophical foundation of Keynesian thought. The … Continue reading

Posted in Economics | Tagged , , , , , , ,

Inflation & the Federal Reserve

The chatter-media class has hit its note in unison, unemployment is down and inflation is rising.  Even though the recession ended in June ’09, the U.S. economy has been in negative territory since late 2008. How best to explain this? … Continue reading

Posted in Economics | Tagged , , , , , , , , , , ,