Monthly Archives: February 2014

Lag Time

We’re starting to see our first glimpse into the Federal Reserve’s thinking during the 2008 Economic Apocalypse with the release of the 2008 transcripts. It shows a definite lag time in comprehension despite overwhelming data that showed impending doom was … Continue reading

Posted in Economics, Macroeconomics, Public Policy | 1 Comment

A Summer’s Night Dream

Larry Summers now believes that the way to solve income inequality is simply to raise taxes on the rich. No doubt that will help. However, taxes raises money for governments, and in today’s political climate, we cannot assume that such … Continue reading

Posted in Economics, Macroeconomics, Political Economy, Politics, Poverty, Public Policy, Socioeconomics | Leave a comment

Shooting Loonies

Let’s start by admitting that NAFTA was good for everyone except the United States and Canada. In fact, Canada has arguably taken a bigger hit than the U.S. on NAFTA. That said, there is a new plan by the Canadian … Continue reading

Posted in Economics, Macroeconomics, Wages | Leave a comment

The Tale of Two Labor Markets

It was the best of times, and it was the worst of times. The differences in the message of the new Fed Chair, versus the old Fed Chair, are strikingly similar to the Dickens classic. Janet Yellen came out with … Continue reading

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It’s a Free Country – Mostly

There’s a lot of hubbub amongst the GOP that people will no longer have to work low-wage jobs to pay for their healthcare in the U.S.. After all, shouldn’t we all be forced to work jobs that we hate in … Continue reading

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The Working Unemployed

Today the U.S. Bureau of Labor Statistics came out with a jobs report that said U3 Unemployment was now at 6.6% – almost pre-recession levels. Of course we know that’s not valid on its face by now. Even the Fed, … Continue reading

Posted in Economics, Labor, Political Economy, Socioeconomics | 1 Comment

The End Of Uncle Ben’s Sugar

If anyone has ever wondered what would’ve happened if the “free market” were left to its own devices in 2008, without the interference of the Bernanke Fed, we may be seeing a taste of that. Now that the market’s “sugar” … Continue reading

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