The Difference Between Physics and Mainstream Economics

Newspapers this morning were full of the story of how physicists at CERN in Geneva have demonstrated that a particle (sub-atomic one) could go faster than the speed of light.  I'm no physicist, (although I do make extensive use of the principles of gravity and inertia), but this appears to be a rather startling result … Continue reading The Difference Between Physics and Mainstream Economics

The Fed’s New “Twist” – Not Likely To Help

Late Wednesday The Federal Reserve announced a new program to try to stimulate  the economy so that maybe somebody, somewhere could get a new job, or maybe it's so that critics would shut-up about employment.  It's always hard to tell what The Fed's real objectives are.  I don't have time to explain now why it's … Continue reading The Fed’s New “Twist” – Not Likely To Help