Taxes: 1970’s Redux?

by on November 14, 2017

Taxes. What a problem.

I was going to start by saying something about our current national debate about taxes, but that would have been an [more…]

Economy Base Level

by on January 29, 2017

We are, no doubt, about to be barraged by a torrent of alternative facts concerning the economy and economic growth under our new leader. So [more…]

Interest Rates, Faith, and Democracy

by on December 15, 2015

What a pickle!

The Federal Reserve Board's meetings have become a media event. The last few days - weeks if you want to be more [more…]

Trump’s Tax Plan

by on September 30, 2015

I wasn't going to mention it, but someone asked, so here's what I think of Trump's tax plan.

Well, I can't write that here.

In [more…]

The Fed Acts

by on September 13, 2012

Well it had to sometime. No one else is doing anything.

Only a few days ago I expressed a certain dismay that Ben Bernanke said [more…]

Bernanke Confuses

by on August 31, 2012

OK. Now I get it. The key qualification for any aspiring Chairman of the Federal Reserve Board goes as follows:

Give a long awaited speech [more…]

Weak Sales

by on July 16, 2012

The economy has clearly hit a weak patch. Today's report on retail sales has them falling 0.5% in June. Not only is this much worse [more…]

Economic Drift

by on May 31, 2012

We are at sea. Adrift. Going nowhere. Wallowing about with little direction. Not sinking. Not soaring. Just floating. Just.

Today's GDP numbers validate the view [more…]

Bernanke Cautions

by on March 26, 2012

Today's speech by Ben Bernanke has caught quite a bit of attention. So it should. His basic argument is that it far too soon to [more…]

Round Up, and Returns

by on February 27, 2012

I've been off line for a few days, so I ought to catch up with the news.

Which, it turns out, isn't really news at [more…]