Economics Archive
Economics Professor James Galbraith: The Danger Posed By The Deficit Is “Zero”
May 13, 2010 · Category: Economics, Macro Economics
Also see "Galbraith: The Danger Posed By The Deficit Is "Zero"", Ezra Klein, The Washington Post Online, May 12
It is incredible how stupid some economics professors are. On this subject also see:
"Dumbass Ideas From Economists", ...
Posted by Greg Feirman · No Comments »
Brooks: Economics Is An Art, Not A Science
March 26, 2010 · Category: Economics
Economics achieved coherence as a science by amputating most of human nature. Now economists are starting with those parts of emotional life that they can count and model (the activities that make them economists). But ...
Posted by Greg Feirman · No Comments »
The Bulls Are Idiots
December 20, 2009 · Category: Economics, Macro Economics, Market Commentary, Sentiment Analysis, The Investment Advice Business
Last week, two prominent commentators came out with bullish pieces. I was anxious to read them to measure the bullish case, but in the end I was unpersuaded.
*****
The first piece was from Princeton Economist, and ...
Posted by Greg Feirman · No Comments »
A Stab At Resolving The Inflation/Deflation Debate
There is a great debate raging between students of monetary economics. On the one hand, there are the deflationists who point to the massive deleveraging in the housing, mortgage, credit and stock markets. The fall ...
Posted by Greg Feirman · 1 Comment »
Ken Fisher: We Need More Debt
September 21, 2009 · Category: Economics, The Investment Advice Business
Last week Ken Fisher went on TechTicker and said that the US is under-indebted and that more debt would actually be beneficial to the economy. That's because our rate of return on assets is higher ...
Posted by Greg Feirman · 3 Comments »
SI: How Oversupply Killed The Baseball Card Industry
August 31, 2009 · Category: Business Culture and Current Events, Culture and Current Events, Economics
My sales from '88 to '92 were $10,000 to $13,000 a month, and the cost of goods was only $1,000 to $2,000 a month. Then they started putting out so much product, raising the price ...
Posted by Greg Feirman · 1 Comment »
A Consensus Among Economists: The Recession Is Over
26 of 45 economists who responded to a WSJ survey question conducted over the last few days said the recession is already over. Another 12 believe it will end this month (August) or next. Another 6 believe ...
Posted by Greg Feirman · No Comments »
Krugman: Big Government Saved Us
So it seems that we aren’t going to have a second Great Depression after all. What saved us? The answer, basically, is Big Government.
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So what saved us from a full replay of the Great Depression? ...
Posted by Greg Feirman · No Comments »
US Post Office To Run $7 Billion Deficit In 2009
Interesting article in today's New York Times on the US Postal Service: "Increasing Postal Deficits Intensify Talks On Solution", July 30, B1.
This highlights a key difference between the operations of a private company and a ...
Posted by Greg Feirman · 4 Comments »
Bill O’Reilly Does Economics - Badly
July 29, 2009 · Category: Culture and Current Events, Economics
Bill O'Reilly kicked off his O'Reilly Factor program yesterday (video here) claiming that a front page WSJ story on oil speculators driving the price of oil ("Traders Blamed For Oil Spike" (subscription required), WSJ, July 28, A1) vindicated his ...
Posted by Greg Feirman · No Comments »
