Now that the healthcare wars in DC are settling down, the pols and bankers have to find something else to make into a "crisis". Of course, they could (theoretically) actually address the true, real crises we're facing: unconscionably high unemployment, industries/markets that have become enormously uncompetitive and oligopolistic, and a banking sector that's threatening to … Continue reading They’re after Social Security (again)
Month: April 2010
MI leads (good way)
Lots to catch up as taxes and grading have taken my time the last week or so. The Philadelphia Fed Reserve Bank issues "Philly Fed Coincident Indicators". This is an index, state-by-state, of various economic indicators. The index helps tell whether the local (state) economy is improving or not. As you can see from the … Continue reading MI leads (good way)
The more things change…
From a Republican Vice-Presidential candidate: Too much cannot be said against the men of wealth who sacrifice everything to getting wealth. There is not in the world a more ignoble character than the mere money-getting American, insensible to every duty, regardless of every principle, bent only on amassing a fortune, and putting his fortune only … Continue reading The more things change…
Krugman Misses Boat on TBTF Banks
Today Paul Krugman claimed: From Ben Bernanke’s encomium to Milton Friedman: It was in large part to improve the management of banking panics that the Federal Reserve was created in 1913. However, as Friedman and Schwartz discuss in some detail, in the early 1930s the Federal Reserve did not serve that function. The problem within … Continue reading Krugman Misses Boat on TBTF Banks
EconProph 